Turn your cryptocurrency into meaningful experiences

Donating cryptocurrency is a tax efficient method to support the important work Corps Members complete. The IRS designates cryptocurrency (or virtual currency) as property and is subject to the same rules that apply to noncash charitable gifts. You can avoid capital gains tax on the appreciated amount, and can deduct it on your taxes.

You may also benefit from a tax deduction at market value (if the currency has been owned for a year). Donors can carry forward any unused deduction and receive tax benefits for an additional five years. (Source: Forbes)

Please contact your tax or financial advisor for more information.

If you have questions, please reach out to Jeremy Gerber, Development Manager: jeremy.gerber@vycc.org