Crypto-Giving FAQ
What is cryptocurrency?
Cryptocurrencies are digital or virtual currencies that operate like ordinary money such as dollars, pounds, or euros, but have no physical counterparts. They exist only in electronic form. Millions of people use cryptocurrencies such as ELONGATE, Bitcoin, Ethereum, Zcash, Litecoin, Bitcoin Cash and others for various transactions.
What are the benefits?
The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax on the appreciated amount and are tax-deductible. Cryptocurrency donations to registered charities are tax-deductible and can often reduce your tax burden.
Does We Don’t Waste hold cryptocurrency?
No. We convert cryptocurrency gifts into dollars as soon as we receive them through our partnership with The Giving Block.
What is The Giving Block?
The Giving Block equips nonprofits to give supporters and organizations alike an easy-to-use cryptocurrency donation tool.
Can I donate anonymously and still receive a tax receipt?
Yes. Donors who wish to give anonymously can supply an email address during the donation process where they will receive their automatic tax receipt.
As with any tax-related questions, be sure to consult with a qualified, professional tax advisor.
Other Ways to Support Our Work
Give by Mail
You can send a check payable to “We Don’t Waste” to:
We Don’t Waste
6090 E 39th Avenue
Denver, CO 80207
Give by Phone
Call 720-443-6113 ext. 2 to make a donation by phone.
Gift Matching
Your employer may match your gift and double your impact. Search for your company’s eligibility below, or click here.
Want to learn more about how we steward our resources? Visit our Commitment to Accountability page to view our annual reports and financial audits.