Donate Crypto
Now Accepting Cryptocurrency Donations
Sofia's Hope continues to adopt new technology to ensure donors can give back through a variety of ways, which now includes cryptocurrency. Similar to donating equities or other appreciating assets, there can be significant tax advantages to donating cryptocurrency directly. Since the IRS classifies donated cryptocurrency as property, donating it is not a taxable event. This means donors do not have to recognize capital gains on donations of appreciated crypto. If they held it for over a year, they may even be able to deduct the fair market value on their taxes.
The crypto donations are supported through Every.org, which takes cryptocurrency and converts it into fiat currency, at no additional cost to the donor. Donors can donate Bitcoin, Ethereum, USD Coin directly on Every.org.
Please contact crypto@every.org if donating with a different coin and the donation is valued at $5,000 or more. Donors will also receive a tax-deductible receipt from Every.org once the transaction is detected on the blockchain.
Guidestar provides information that enables users to make better decisions regarding their charitable giving. Click here to visit our profile.
Official “Give with Confidence” charity, indicating that our organization is using its donations effectively based on Charity Navigator’s criteria.
GreatNonprofits' 2022 Top-Rated Nonprofits are endorsed by clients, volunteers, and their community. Their badge is one of the most trusted rating seals for donors. Click here to visit our profile.
Project World Impact is the leading nonprofit hub providing innovative ways for people to connect with and support nonprofits.