CRYPTO GIVING

CREATE A LASTING LEGACY USING YOUR CRYPTO DONATION

With the addition of the first Bitcoin and Ethereum ETFs and crypto integration into everyday payment platforms such as PayPal and Venmo, cryptocurrency is becoming increasingly integrated into our lives. Therefore, Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Ripple (XRP), Hedera (HBAR), VeChain (VET), Avalanche (AVAX), Dogecoin (DOGE), USDC, and other cryptocurrencies are viable assets for donation to the Monastery.

Similar to donating equities or other appreciating assets, there can be significant tax advantages to donating cryptocurrency directly. Since the IRS classifies donated cryptocurrency as property, it is not a taxable event. Therefore, donors do not have to recognize capital gains on their donations of appreciated cryptocurrencies. If the donor holds the currency for more than a year, they may be able to deduct the fair market value from their taxes.

Once you donate your crypto, our third-party processor, FreeWill, converts it into fiat currency at no additional cost to our donors. However, please get in touch with us if you experience any difficulties in this process. Once detected on the blockchain, donors will receive a tax-deductible receipt. We encourage donors to speak with their tax advisors to ensure they follow IRS regulations and are in the best position to maximize their giving.

Thank you for your crypto donation to Dagom Geden Kunykyob Ling. Please use this form to make your donation. Your gift does not trigger capital gains tax and may be tax-deductible. Providing your name, address, and phone number allows us to forward the correct documents for tax filing purposes. They also help us understand who our donors are and will let us express our gratitude for your contribution. We never share, sell, or trade donor information.