Why does FOAS accept cryptocurrency?
Crypto Philanthropy is a new and thrilling fundraising avenue for nonprofit organizations like FOAS. With more than 300 million crypto users worldwide and the value of many cryptocurrencies rising, the crypto community is in a position to make a wide-reaching impact through philanthropy. Donating crypto is also one of the most tax-efficient ways for individuals to support causes that matter to them. We are excited about what the future holds in the crypto and blockchain space, and believe that we’ve just scratched the surface of its true fundraising potential.
Which cryptocurrencies do you accept?
We currently accept more than 100 cryptocurrencies, including:
Bitcoin (BTC), Ethereum (ETH), USD Coin (USD), Tether (USDT), XRP (XRP), Avalanche (AVAX), Samoyedcoin (SAMO), Galxe (GAL), STEPN (GMT), Tune.FM (JAM), Chiliz (CHZ), Qredo (QRDO), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Dai (DAI), Litecoin (LTC), ChainLink (LINK), Uniswap (UNI), Bitcoin Cash (BCH), Decentraland (MANA), Filecoin (FIL), The Sandbox (SAND), ApeCoin (APE), Fantom (FTM), Axie Infinity Shards (AXS), Tezos (XTZ), Aave (AAVE), Zcash (ZEC), Maker (MKR), The Graph (GRT), Gala (GALA), Quant (QNT), Enjin Coin (ENJ), Loopring (LRC), Synthetix (SNX), Basic Attention Token (BAT), Curve Dao Token (CRV), Amp (AMP), Compound (COMP), Skale (SKL), PAX Gold (PAXG), yearn.finance (YFI), Ankr (ANKR), 0x (ZRX), Livepeer (LPT), Render Token (RNDR), Dogelon Mars (ELON), UMA (UMA), SushiSwap (SUSHI), Storj (STORJ), Ren (REN), Lido (LDO), Ethereum Name Service (ENS), Injective (INJ), Fetch.ai (FET), Orchid (OXT), API3 (API3), Mask Network (MASK), Somnium Space (CUBE), Gemini Dollar (GUSD) and more!
We are continually in the process of adding support for new cryptocurrencies, so please check back soon for more giving options.
If you don’t see a cryptocurrency you would like to donate in, please fill out this form to be connected with our Crypto Philanthropy partners at The Giving Block.
Are crypto donations tax-deductible?
Yes! Crypto donations are one of the most tax-efficient ways to give to charity. Your crypto donation is tax-deductible to the fullest extent permitted by law if you pay taxes in the U.S. By making a charitable gift, you may also be eligible to significantly reduce what you would otherwise owe in capital gains taxes.
As with any tax-related questions, be sure to consult with a qualified, professional tax advisor. Get more information about lowering your crypto taxes.
I need assistance with my donation. How can I get in touch?
Thank you for your interest in supporting FOAS. To contact us about making a crypto donation, please send us an email at info@friendsofoas.org with the subject line, ‘Crypto Donation.’