Donate with Cryptocurrency

Gifts of noncash assets, such as retirement plans, tangible property, life insurance or virtual currency, offer donors powerful ways to give. These giving solutions allow donors to increase their giving potential while maximizing tax benefits. When noncash assets are contributed to a charitable organization, often the full fair market value of the asset is tax deductible and capital gains tax are not incurred upon its sale.

HighGround does not provide legal or tax advice to individuals, but will provide more general information to assist the donor in decision-making, such as requirements for a gift to be tax-deductible, charitable deduction limits based on the donor’s adjusted gross income, tax forms that may be required, the Internal Revenue Service (IRS) requirements for a qualified appraisal, and other pertinent information, such as projected tax implications of the gift being considered. Donors should be aware that a qualified appraisal is required for cryptocurrency donations where a charitable deduction of more than $5,000 is claimed. Should you have any questions please contact us at 1.800.747.5564 for assistance.

What is Cryptocurrency?

Cryptocurrency is a digital currency secured by cryptography. Cryptocurrencies typically use a distributed public ledger technology called blockchain to manage and record all transactions. In addition to being highly secure, this technology allows cryptocurrency to remain decentralized, free from the control of banks or governments and this is a large part of the currency’s appeal. 

How HighGround works with Crypto Donations

HighGround is able to accept gifts of cryptocurrency on behalf of our nonprofit client partners and their donors. Our policy is to liquidate crypto assets immediately upon receipt and invest the net proceeds into the investment fund(s) requested. 

What is The Giving Block?

The Giving Block is a trusted platform that makes cryptocurrency donations simple and secure for nonprofits and the individuals who support them. A 4% processing fee applies to all cryptocurrency donations.

How to Donate Cryptocurrency using The Giving Block

  • Select your cryptocurrency type and enter your donation amount using the widget below.
  • Check the option to add a note and click Donate.
  • Please use the note section to include the name of the charitable beneficiary you wish to support.
  • Provide your donor information.
  • Scan the provided QR code or copy the wallet address below the image shown.
  • Using your wallet or exchange interface, re-enter the amount you’d like to transfer.  
  • Before submitting, please confirm the amount is accurate. 
  • Once your donation is received and processed, HighGround will send you a tax receipt for your records.