Donate by Cryptocurrency
Why Donate Bitcoin, Ethereum, NFTs and other Cryptocurrencies to HCYR
Charitable Giving Is Highly Tax-Efficient.
A tax-smart approach to maximizing your philanthropic impact, HCYR makes it easy to accept cryptocurrency, as it is the fastest-growing asset in 2021. Similar to stocks, donating crypto is not a taxable event for the IRS, meaning that you don't have to recognize any capital gains on the appreciated asset.
Cryptocurrency investments—such as Bitcoin and Ethereum—held more than one year may provide a unique opportunity to leverage highly appreciated assets to achieve maximum impact with charitable giving. Ultimately, you can potentially eliminate the capital gains tax you would incur if you sold the assets yourself and donated the proceeds, which may increase the amount available for charity by up to 20%.
What is #CryptoGivingTuesday?
#CryptoGivingTuesday is the unofficial start of #BagSeason, the holiday/year-end giving season for the crypto community. It takes place annual on the Tuesday after the American holiday, Thanksgiving.