Making a Difference with Crypto
Now you can diversify and maximize your charitable donations to PathStone Foundation with crypto! In a fundraising collaboration with The Giving Block and our crypto wallet custodian Gemini, we now accept multiple cryptocurrencies.
Why PathStone Foundation Is a good investment
Since 1969, with the support of our generous donors, PathStone has delivered on our promise to successfully assist essential workers become financially self-sufficient. Annually, we provide direct hands-on restorative services to more than 40,000 individuals and families in 9 States and Puerto Rico. We are a well-managed, financially sound, data-driven, community-based delivery system with expertise and experience to work in both urban and rural communities. We are strong advocates and practitioners for racial, economic, and social justice.
Benefits of Crypto Donations:
Tax Benefits: Minimize your Tax Burden while Maximizing your Contribution.
The IRS recognizes crypto donations as property, it’s like donating stock.
- Bypass the capital gains tax you would pay if you sold the assets yourself and donated the proceeds. Example: If you bought $15,000 worth of Bitcoin and sold it for $30,000, you’d owe capital gains tax on $15,000. But if you donated it to PathStone Foundation, you’d avoid a capital gains tax on your donation.
- You can itemize deductions on your tax return, and claim a fair market value charitable deduction for the tax year in which the gift is made. *Example: Your adjusted gross income is $100,000. If you donate $50,000 of bitcoin by Dec. 31, you may deduct up to $30,000 this year, and possibly write off the remaining $20,000 over the next five years. When donating over $5,000 you must get a qualified appraisal (prices may range between $100 to $600), which can happen after the gift. You have until the tax-filing deadline and need to file Form 8283 for non-cash charitable gifts with your tax return to claim the deduction.
*These hypothetical examples are only for illustrative purposes. The examples do not consider any state or local taxes or the Medicare net investment income surtax.
Security and Privacy Benefits: Protect your Personal Information.
Cryptocurrencies use blockchain technologies and cryptography to encrypt, secure and verify transactions and proof of ownership. Plus, their systems are not tied to a central authority, this way they can better protect data and user privacy.
Donation Impact Benefits: More Bang for your Buck.
Crypto donations can be cheaper for non-profits to process because credit card processing fees can be quite high (ranging anywhere from 2.2 to 7.5 %). Plus, processing times for crypto donations can be only about 10 minutes while credit cards, ACH transfers, and checks can take days and sometimes even weeks to process.
FAQs
We accept the following cryptocurrencies: Bitcoin (BTC) Ethereum (ETH) Basic Attention Token (BAT) Aave (AAVE) Alchemix (ALCX) Amp (AMP) Ankr Network (ANKR) Axie Infinity Shards (AXS) Balancer (BAL) Bancor Network Token (BNT) BarnBridge (BOND) Bitcoin Cash (BCH) ChainLink (LINK) Compound (COMP) Curve (CRV) Dai (DAI) Decentraland (MANA) Dogecoin (DOGE) Enjin Coin (ENJ) Fantom (FTM) Filecoin (FIL) Gemini Dollar (GUSD) Injective Protocol (INJ) Kyber Network (KNC) Litecoin (LTC) Livepeer (LPT) Loopring (LRC) Maker (MKR) Mirror Protocol (MIR) Moss Carbon Credit (MCO2) Orchid (OXT) PAX Gold (PAXG) Polygon (MATIC) Ren (REN) Skale (SKL) Somnium Space (CUBE) Storj (STORJ) SushiSwap (SUSHI) Synthetix (SNX) Tezos (XTZ) The Graph (GRT) The Sandbox (SAND) Smooth Love Potion (SLP) Terra (LUNA) TerraUSD (UST) UMA (UMA) Uniswap (UNI) Yearn.Finance (YFI) Zcash (ZEC) 0x (ZRX) 1inch (1INCH).
Please only send currencies listed on the widget, do not send unsupported currencies (including unsupported ERC-20s, ERC-721s, and BEP20s) as these may be lost.
To receive a receipt with your donation, you must enter your email when prompted to in our widget above.
Yes! However, if you’d like to receive a tax receipt, you must enter your email address when prompted on the third page. A tax receipt will only be sent once you’ve entered your email address.
When a person donates to PathStone or buys a product or service online, for example, this donation or purchase is entered into your record in PathStone’s database. We use the information to target our future communications, so we can send you news about events or resources pertinent to your interests. When our contribution, registration or order form asks you to enter your credit card number, that information is encrypted and is protected with encryption software. PathStone does not disclose your credit card account information to any other company.
You can access all our wallet addresses by using the widget above. Once you enter the type of cryptocurrency and reach the third step, you will receive a unique wallet address that can be used to complete your donation.
Once you’ve filled out your information and received a unique wallet address, this address can be used an infinite amount of times without having to re-enter any information on our page.
All cryptocurrency donations made to the PathStone Foundation via The Giving Block are nonrefundable. We are not able to give refunds if you changed your mind, sent the wrong cryptocurrency, or made the wrong decision. For more information visit The Giving Block’s refund policy here.