Donate With Cryptocurrency
Donations help Blessings in a Backpack provide weekend food for thousands of school-aged children who might otherwise go hungry. Last year, we provided almost 3.2 million hunger-free weekends!
Donating cryptocurrency to Blessings in a Backpack is easy using the simple and secure tool from The Giving Block. Make your donation in three easy steps:
1. Select any coin that Blessings in a Backpack accepts for donations and enter a donation amount.
2. Provide your information, including name, zip code, and state OR choose to donate anonymously.
3. Donate from your wallet using the address that is provided to you.
Why Donate Crypto Directly? Taxes!
There’s a reason high net worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501(c)(3) 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.
What cryptocurrencies do you accept?
We accept the following cryptocurrencies: Bitcoin (BTC) Ethereum (ETH) USD Coin (USDC) Dai (DAI) Dogecoin (DOGE) Basic Attention Token (BAT) Ethereum Name Service (ENS) 0x (ZRX) 1inch (1INCH) Aave (AAVE) Alchemix (ALCX) Amp (AMP) Ankr Network (ANKR) ApeCOIN (APE) API3 (API3) Audius (AUDIO) Axie Infinity Shards (AXS) Balancer (BAL) Bancor Network Token (BNT) BarnBridge (BOND) Bitcoin Cash (BCH) ChainLink (LINK) Civic (CVC) Compound (COMP) Curve (CRV) Decentraland (MANA) DeFI Pulse Index (DPI) Dogelon Mars (ELON) Enjin Coin (ENJ) Fantom (FTM) Fetch AI (FET) Filecoin (FIL) Gala (GALA) Gemini Dollar (GUSD) Injective Protocol (INJ) Keep3r (KP3R) Kyber Network (KNC) Lido (LDO) Liquity USD (LUSD) Liquity(LQTY) Litecoin (LTC) Livepeer (LPT) Loopring (LRC) Magic Internet Money (MIM) Maker (MKR) Maple Finance (MPL) Mask Network (MASK) Merit Circle (MC) Mirror Protocol (MIR) Moss Carbon Credit (MCO2) Numeraire (NMR) Orchid (OXT) PAX Gold (PAXG) Polygon-ERC 20 (MATIC) Quant (QNT) Radicle (RAD) Rally (RLY) Raydium (RAY) Ren (REN) Render Token (RNDR) Saber (SBR) Shiba Inu (SHIB) Skale (SKL) Smooth Love Potion (SLP) Solana (SOL) Somnium Space (CUBE) Spell Token (SPELL) Storj (STORJ) SushiSwap (SUSHI) Synthetix (SNX) Tezos (XTZ) The Graph (GRT) The Sandbox (SAND) UMA (UMA) Uniswap (UNI) Wrapped Centrifuge (wCFG) Yearn.Finance (YFI) Zcash (ZEC)
Is there a refund policy?
All cryptocurrency donations made via The Giving Block are nonrefundable. We are not able give refunds if you changed your mind, sent the wrong cryptocurrency, or made the wrong decision. The Giving Block does not, has not, and will never offer any form of cryptocurrency airdrop, goods or services in return for a donation.
Does the IRS recognize cryptocurrency donations?
Yes, the IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)(3) charities receive the same tax treatment as stocks. Our Tax ID # is 26-1964620.
How many people use cryptocurrency?
There are currently about 59,100,000 users in the US and 295,000,000 globally. The number of cryptocurrency users has increased exponentially from 2017 to 2022.
How much cryptocurrency is donated each year?
Currently, there is about $300,000,000 donated in the form of cryptocurrency each year. As the crypto market has grown, so too have cryptocurrency donations.