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Why Donate Cryptocurrency to United Way Miami?
United Way Miami is a driving force in the community, successfully responding to emerging needs and transforming people’s lives. Since 1924, we have worked together with our network of donors, volunteers, and partners, to generate and amplify resources, and advocate for policies that improve the quality of life for all. We leverage our unique role as convener, strategic funder, service provider, awareness builder, and influencer so that everyone in Miami-Dade has access to quality education and the opportunity to lead healthy and financially secure lives — the building blocks of a thriving community.
Save on your Taxes by Donating Cryptocurrency
Why Donate Cryptocurrency Directly? Taxes!
There’s a reason high net worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money. The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support your favorite cause. When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you’re able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%.
If you provide an email, you will automatically receive a tax receipt after donating.