Why Donate Cryptocurrency?

Donating a cryptocurrency gift to the DeKalb County Community Foundation is an easy and meaningful way to give back to the community. Gifts from you and grants from us make a lasting impact in DeKalb County.

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 crypto's fair market value. You avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation.

If you have additional questions about donating crypto, speak with your professional tax advisor before donating.

What Cryptocurrencies are Accepted?

The Community Foundation partners with BitPay (all wallets supported) to accept multiple cryptocurrencies including: Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), and USD-pegged stablecoins BUSD, DAI, GUSD, USDC, and USDP.  For a complete list of cryptocurrencies and stable coin accepted, visit the BitPay website.

BitPay Supported Currencies

How to Donate Cryptocurrency

  • Begin by clicking the button below and following the steps to complete your donation.
    Donate cryptocurrency to the Community Foundation >
  • A few things to note when donating:
    • When you donate cryptocurrency, we immediately transfer your coins to U.S. dollars. 
    • Donations over $3,000 require the donor to create or log into a BitPay account. Setting up a BitPay account is free to the donor.
    • Appraisal considerations for donors - The IRS requires that donors claiming total deductions of over $500 on noncash donations file Form 8283Noncash Charitable Contributions. The IRS also requires a qualified appraisal for donated property over $5,000. Donors planning to gift more than $5,000 worth of crypto need to arrange for an appraisal of the crypto’s value from a qualified appraiser. Finding a qualified appraiser may be challenging as there is neither a degree nor appraisal designation that specifically applies to crypto. Charitable Solutions, LLC, is one firm that offers crypto appraisal services, or ask your trusted CPA adviser for references. ~ Bert Feuss, Community Capital Advisors.
    • Be sure to let us know where to direct your generous donation. Whether you want to give to an established Fund or create one of your own, the Community Foundation offers various giving options to help donors maximize their impact. 

Learn more about Community Foundation Fund types >

For questions or additional information on donating to the Community Foundation, please contact Executive Director Dan Templin at 815-748-5383 or dan@dekalbccf.org.