Donate Cryptocurrency
Now it’s even easier to support St. Benedict's. 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. You can find all of our accepted cryptocurrencies in our FAQ below.
FAQS
I need a wallet address to complete my donation. Where can I access this information?
You can access all of our wallet addresses by using the widget above. Once you enter the type of cryptocurrency and reach the third step, you will receive a unique wallet address which can be used to complete your donation.
How many times can I use the wallet address provided to me?
Once you’ve filled out your information and receive a unique wallet address, this address can be used an infinite amount of times without having to re-enter any information on our page.
Will I get a receipt with my donation?
In order to receive a receipt with your donation, you must enter your email when prompted to in our widget above.
Can I donate anonymously?
Yes, of course! However, if you’d like to receive a tax receipt, you must enter your email address when prompted on the third page. A tax receipt will only be sent once you’ve entered your email address.
Why can I donate Polygon (MATIC) but not tokens sent via the Polygon network?
The Giving Block supports the ERC-20 Polygon (MATIC) asset but The Giving Block does not support transfers via the Polygon/Matic network. In order to successfully donate Polygon (MATIC) to a charity please be sure the assets you are transferring are on the Ethereum mainnet (ERC-20 token).
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one. If you have any questions about St. Benedict's or your donation, please reach out to Stephanie Alavarez for more information.