The Giving Block now joins a new health and prevention campaign, that of breast cancer, allowing individuals and companies to make donations in cryptocurrencies, which are tax deductible.
La ONG cripto The Giving Block advertisement its alliance with businesswoman and health researcher, Susan G. Komen, to receive donations in Bitcoin (BTC) y Ethereum (ETH) to fight breast cancer. They state that the idea is to continue promoting research to prevent this disease.
The Giving Block explains it as follows:
“There is a reason that people with high net worth tend to donate property rather than cash. Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money. And with continued support, this scientific research will address some of the most pressing problems in breast cancer today. “
The Giving Block contends that its sponsors and donors tend to fund in different ways research areas for the prevention of diseases such as breast cancer, always in order to guarantee treatments and survival of those affected.
Recently, The Giving Block reported that cryptocurrency donations from the “Crypto Giving Tuesday” program increased by almost 600% during 2021. The platform was founded in 2018 by Alex Wilson and Pat Duffy and is intended to help nonprofits take advantage of the growing philanthropy coming from cryptocurrencies.
They detonate donation campaigns with cryptocurrencies
For The Giving Block, donations in cryptocurrencies also help entrepreneurs to save taxes, since the ISR classifies the cryptocurrency as property “for tax purposes”, that is, “Recatalog” taxes allowing donations, and in crypto, allows a deduction for fair market value and avoids capital gains tax if you had sold the cryptocurrency and then made the donation.
The Giving Block refers to the following:
“That means you can donate more and 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. “
Meanwhile, the website by entrepreneur Susan G. Gomen says her mission is to save lives by investing in innovative research to prevent or cure breast cancer. With the alliance with The Giving Block, it also supports cryptocurrencies: USDC, DAI, Dogecoin, BAT, ENS, ZRX, 1INCH, AAVE, ALCX, AMP, ANKR, AXIE Infinity, MANA, UNI, LUNA, among other. Additionally, Susan’s website allows dollar donations of $ 25, 55, 100, 250, or $ 500.
All information on our website is published in good faith and for general information purposes only. Any action the reader takes on the information found on our website is strictly at your own risk.
We would love to thank the writer of this article for this awesome content
The Giving Block donation campaign announces that it now accepts Bitcoin and Ethereum – BeInCrypto