Spirit of Discovery Park is now proud to accept donations in the form of cryptocurrency. The use of cryptocurrency makes your donation easy and incredibly secure. Read more about it below.
Donating cryptocurrency is a non-taxable event. Donors do not owe capital gains tax on the appreciated crypto that is donated and can typically deduct the fair market value of the donation on their taxes. This often makes Bitcoin, Ethereum and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause.
There’s a reason high net worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money.
The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support your favorite cause. When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you’re able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%.
If you provide an email, you will automatically receive a tax receipt after donating.
Through the use of blockchain technology, all transactions made via cryptocurrency are encrypted. This is both during the transaction and storage of the currency. This technology provides an added layer of security and safety for your donation.
When you donate crypto, your donation is immediately converted to fiat, which means all donations are non-refundable. Please only send currencies listed below. Please do not attempt to donate using an unsupported currency as they will be lost.
Bitcoin (BTC) Ethereum (ETH) USD Coin (USDC) Dai (DAI) Dogecoin (DOGE) Basic Attention Token (BAT) Ethereum Name Service (ENS) 0x (ZRX) 1inch (1INCH) Aave (AAVE) Alchemix (ALCX) Amp (AMP) Ankr Network (ANKR) ApeCOIN (APE) API3 (API3) Audius (AUDIO) Axie Infinity Shards (AXS) Balancer (BAL) Bancor Network Token (BNT) BarnBridge (BOND) Bitcoin Cash (BCH) ChainLink (LINK) Civic (CVC) Compound (COMP) Curve (CRV) Decentraland (MANA) DeFI Pulse Index (DPI) Dogelon Mars (ELON) Enjin Coin (ENJ) Fantom (FTM) Fetch AI (FET) Filecoin (FIL) Gala (GALA) Gemini Dollar (GUSD) Injective Protocol (INJ) Keep3r (KP3R) Kyber Network (KNC) Lido (LDO) Liquity USD (LUSD) Liquity(LQTY) Litecoin (LTC) Livepeer (LPT) Loopring (LRC) Magic Internet Money (MIM) Maker (MKR) Maple Finance (MPL) Mask Network (MASK) Merit Circle (MC) Mirror Protocol (MIR) Moss Carbon Credit (MCO2) Numeraire (NMR) Orchid (OXT) PAX Gold (PAXG) Polygon (MATIC) Quant (QNT) Radicle (RAD) Rally (RLY) Raydium (RAY) Ren (REN) Render Token (RNDR) Saber (SBR) Shiba Inu (SHIB) Skale (SKL) Smooth Love Potion (SLP) Solana (SOL) Somnium Space (CUBE) Spell Token (SPELL) Storj (STORJ) SushiSwap (SUSHI) Synthetix (SNX) Terra (LUNA) TerraUSD (UST) Tezos (XTZ) The Graph (GRT) The Sandbox (SAND) UMA (UMA) Uniswap (UNI) Wrapped Centrifuge (wCFG) Yearn.Finance (YFI) Zcash (ZEC)