For the first time, donors can now make a tax-deductible gift of popular cryptocurrencies, such as Bitcoin and Ethereum, to Chai Lifeline, the Jewish community’s leading international children’s health network.
Utilizing The Giving Block platform to process all transactions simply and safely, donors can select from a wide variety of cryptocurrencies to support Chai Lifeline in any amount they want.
“With the shift to digital payments and rapid adoption of cryptocurrencies, we want to ensure everyone can join us in supporting our critical mission and give however they choose,” said Rabbi Simcha Scholar, CEO of Chai Lifeline. “Every crypto donation will help us continue to provide unparalleled programs and services to more than 6,000 children and families confronting illness, crisis, and loss.”
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, and donors do not owe capital gains tax on the appreciated amount.
To learn more to donate Bitcoin or other cryptocurrencies to Chai Lifeline, visit www.chailifeline.org/crypto.
Chai Lifeline offers various methods to support its children and families, including donations of appreciated securities, real estate, and vehicles, as well as legacy gifts. To learn more, visit www.chailifeline.org/support. A leading children’s health support network, Chai Lifeline provides critical assistance to children with life-threatening or lifelong illnesses and their families, through more than two-dozen, free year-round programs.
