SOME (So Others Might Eat) Announces Capability To Accept Cryptocurrencies Donations

Now donors can support SOME's (So Others Might Eat) mission to aid men, women, and children experiencing homelessness and extreme poverty in the Nation’s Capital, by making donations with the following cryptocurrencies:

Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Dai (DAI), Dogecoin (DOGE), The Graph (GRT), Gemini Dollar (GUSD), Litecoin (LTC), Storj (STORJ), UMA (UMA), Zcash (ZEC), 0x (ZRX) and 1inch (1INCH) and more.

The Giving Block is a donation platform for nonprofits to accept cryptocurrency through their existing websites. The Giving Block cites that SOME is one of the first D.C.-based, human services organizations exclusively focused on those affected by homelessness and poverty issues, to begin accepting cryptocurrencies. This new donation method enables SOME’s supporters with cryptocurrency portfolios the ability to support the organization in a tax-efficient way. The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are tax-deductible on the donor's tax returns.

“We're excited about this innovative way to engage donors in SOME’s mission,” said Ralph Boyd, SOME’s CEO & President. “The Giving Block makes it easy for our supporters to contribute their cryptocurrency and use technology for good.”

The Giving Block, leaders in equipping nonprofits with the tools and techniques to effectively fundraise with cryptocurrency, has made it possible for SOME’s stakeholders to make an important difference in the lives of D.C. residents experiencing poverty and homelessness in a meaningful way.

To donate with cryptocurrency to SOME visit some.org/crypto.

 

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