Donate Crypto Currency and NFTs
The Crohn's & Colitis Foundation accepts donations in the form of cryptocurrency. Read these frequently asked questions to find out more about this donation option.
What is cryptocurrency?
Cryptocurrency is a form of global digital currency that can be exchanged without the use of a central bank. This means that forms of cryptocurrency, such as Bitcoin and Ethereum, can be directly exchanged from user to user on peer-to-peer networks, without the need for intermediaries. Transactions are secured and verified using a technology called blockchain. The value of cryptocurrency can fluctuate.
How do cryptocurrency transactions work?
Users can send and receive forms of cryptocurrency through a mobile app or an online system called a digital wallet. The Crohn’s & Colitis Foundation has partnered with The Giving Block to accept crypto donations. Check here for a full list of crypto currencies currently accepted.
Are U.S. donors eligible for a tax deduction when they make a bitcoin donation?
Donating cryptocurrency is a non-taxable event. Donors do not owe capital gains tax on the appreciated crypto that is donated and can typically deduct the fair market value of the donation on their taxes. This often makes Bitcoin, Ethereum and other cryptocurrency donations one of the most tax efficient ways to support the Foundation. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.
How will donations received by the Crohn’s & Colitis Foundation be used?
Contributions of Cryptocurrency must be converted to US Dollars as swiftly as is practicable and will fund the Crohn’s & Colitis Foundation’s mission to find cures for Crohn’s disease and ulcerative colitis, and improve the quality of children and adults affected by these diseases.
Is it possible for my donation to remain anonymous?
At the time of donation, donors may select the option to remain anonymous in Foundation public-facing acknowledgements, such as the annual report.
How can I support the Foundation using NFT’s?
NFT creators, communities, and collectors can support our mission using NFT’s in one of the following ways:
- Perpetual giving of percentage of sales via Smart Contract on initial mint or secondary transactions
- Donating NFT’s as prizes for live or virtual fundraising events
- Hosting an NFT Auction
- Sell the NFT and donate the proceeds
- Promote our Foundation and its mission to your communities and help amplify our message
For more information on how creators and collectors can join our NFT for IBD Collective please contact Jason Rice at [email protected].
I need assistance in making my donation. Who can I contact?
If you have questions about crypto donations or digital fundraising opportunities using crypto, NFTs or other Web 3 platforms, please contact Jason Rice at [email protected]
All cryptocurrency donations are final and we are unable to offer refunds. No goods, services or airdrops will be offered in exchange for cryptocurrency donations.
*Please only send the exact cryptocurrency listed on the blockchain mentioned on the widget. Do not send any other cryptocurrencies (including layer 2, wrapped tokens, NFTs or other ERC-20 tokens not listed) as these are unsupported and may result in loss of donation. For more info, click here.