Donate CryptoCurrency

 

How to donate

We now accept donations of Bitcoin and other cryptocurrencies.

  1. Go to cryptoforcharity.io/crypto/donate.

  2. Select “GLBT Historical Society” from the nonprofit search box.

  3. Donate crypto and get a tax receipt.

 
 

What are the tax benefits of donating crypto?

Donating crypto directly saves you money on two types of taxes:

  1. Avoid paying any capital gains tax (and state income taxes) on your crypto gains.

  2. Second, receive a full federal income tax deduction for the value of your crypto.

The alternative is to convert your crypto to dollars and make a cash donation, but you would first pay capital gains taxes on the appreciated value, resulting in higher taxes for you and less dollars going to further our mission to protect and share LGBTQ history.

What will the dollar value of my donation be?

The value of your donation will be indicated in the tax receipt, and will correspond to the exchange rate at the moment we converted your gift to US dollars (usually within 10 minutes after receiving your gift).

Can I donate multiple different coins?

Absolutely. You just need to do them one at a time.

For my gift to be eligible for my tax return, when should I give?

We recommend following the market to ensure that you can give the best gift based on the assets you hold. However, for your gift to be eligible for the current tax year, please transfer your coin by December 31.

 

Thank you for helping to support the mission of the GLBT Historical Society.

Click here to see a list of our current supporters. You can also join the GLBT Historical Society as a member! Click here for information about membership levels and benefits.

Note: The GLBT Historical Society is unable to provide legal or financial advice. We endeavor to keep the information here accurate and up-to-date, but strongly encourage you to speak to a financial professional before making any decisions.