Tax Benefits of Cryptocurrency
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, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. Please contact your tax or financial advisor for more information specific to your financial situation.
Please note that The Giving Block immediately converts cryptocurrency donations into US dollars upon receiving a donation to the CCR. The CCR does not hold or invest in cryptocurrencies.
Refund Policy for Cryptocurrency
All cryptocurrency donations to SBI made via The Giving Block are nonrefundable.
We work hard to ensure that every token that is donated is put to work as soon as possible. When SBI receives your donation it is understood that this is made to support our mission and we are grateful for your support. As these donations are immediately converted into US dollars, we do not offer refunds on any donations that are made in cryptocurrency.
We are not able give refunds if you changed your mind, sent the wrong cryptocurrency or made the wrong decision. No goods, services or airdrops will be offered in exchange for cryptocurrency donations.