Donating through cryptocurrency is simple and easy to do through our trusted partner, The Giving Block. It accepts dozens of types of cryptocurrency on behalf of Generation and thousands of other non-profit organizations.
All cryptocurrency donations are nonrefundable. We are not able to give refunds if you changed your mind, sent the wrong cryptocurrency or made the wrong decision.
In the US, cryptocurrency donations are tax-deductible. The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)3 charities receive the same tax treatment as stock donations. 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 https://thegivingblock.com/resources/faq/
Generation neither provides tax or financial advice nor endorses crypto products.