Donations help Healthy Harvest Food Bank provide food to thousands of people every year.
When you donate bitcoin or crypto to HHFB, you invest in an organization where 96% of every dollar donated goes directly back to programs and services for those in need. Healthy Harvest Food Bank's core values include financial responsibility, transparency, and accountability. Bitcoin and cryptocurrency donations to HHFB are tax-deductible.
How To Donate Crypto
Donating cryptocurrency to Heatlhy Harvest Food Bank is easy using the simple and secure tool from The Giving Block. Begin by clicking on "Crypto" .
From there make your donation in three easy steps:
1. Select any coin that Heatlhy Harvest Food Bank accepts for donations and enter a donation amount.
2. Provide your information, including name, zip code, and state OR choose to donate anonymously.
3. Make your gift!
Why Does Healthy Harvest Food Bank Accept Crypto Donations?
Crypto Philanthropy is a new and thrilling fundraising avenue for nonprofit organizations like Healthy Harvest Food Bank. With more than 220 million crypto users worldwide and the value of many cryptocurrencies rising, the crypto community is in a position to make a wide-reaching impact through philanthropy.
Are Crypto Donations Tax Deductible?
Crypto donations are one of the most tax-efficient ways to give to charity. Your crypto donation is tax-deductible to the fullest extent permitted by law if you pay taxes in the U.S. By making a charitable gift, you may also be eligible to significantly reduce what you would otherwise owe in capital gains taxes.
This is because 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, Ethereum and other cryptocurrency donations one of the most tax-efficient ways to support Healthy Harvest Food Bank.
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)3 charities receive the same tax treatment as stocks. 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. Please contact your tax or financial advisor for more information.