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Make a Difference by Donating Cryptocurrency

Tahoe Community Foundation

Making a gift of cryptocurrency is a powerful way to support Tahoe Community Foundation’s mission or contribute to your donor advised fund.

The Community Foundation uses Engiven as a trusted partner to facilitate cryptocurrency donations. Engiven accepts nearly 100 types of cryptocurrencies, including Bitcoin and Ethereum. For a full list of cryptocurrencies accepted by Engiven, click here.

By donating appreciated cryptocurrency directly to a charitable fund at the Community Foundation, you can maximize your support. Because the IRS classifies cryptocurrency as property, you may be eligible to receive a tax deduction for the fair market value of the cryptocurrency, while avoiding capital gains taxes. Donations valued over $5,000 require a qualified appraisal and filing IRS Form 8282 to claim the charitable deduction. Tahoe Community Foundation’s third-party partner, Engiven, can assist with meeting those IRS requirements. As tax implications can vary, we recommend consulting with your tax professional.

Engiven assesses a processing fee of 3% of the donation amount for each transaction.

Engiven will issue an email confirmation to the email address you provide at the time of your donation. This email serves as your tax receipt.

For Donor Advised Funds, please note in the memo line of the donation form the name of your fund at the Community Foundation.

 

Donate Cryptocurrency Here