Donate in Crypto
Donating in a cryptocurrency is a tax efficient way to support
Camp Ramah in Wisconsin and Ramah Day Camp
Why digital or cryptocurrency?
Cryptocurrency has become more mainstream. As camp evolves we need more agile fundraising tactics so we are better able to build for the future.
We now accept the following cryptocurrencies:
Bitcoin Cash (BCH)
Gemini Dollar (GUSD)
Basic Attention Token (BAT)
Enjin Coin (ENJ)
Injective Protocol (INJ)
Bancor Network Token (BNT)
Kyber Network (KNC)
PAX Gold (PAXG)
What are the advantages of donating in cryptocurrency?
In harmony with Maimonides giving ladder, and building on the anonymity of cryptocurrency, donors who donate in crypto can choose to remain entirely anonymous to us. Anyone who wants to can tick a box to share their email to receive impact updates and inform camp of the source of the giver, but this is optional.
Our crypto platform, The Giving Block, provides the tax receipts via email.
Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause.
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)3 charities receive the same tax treatment as stocks. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. Please contact your tax or financial advisor for more information.
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq