Donors can now 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)
- 1inch (1INCH)
- And more!
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.
The new capability is made possible by Giving Block, a donation platform that enables nonprofits to accept cryptocurrency through their existing websites. The Giving Block cites that SOME is one of the first Washington, DC-based human services organizations exclusively focused on those affected by homelessness and poverty issues to begin accepting cryptocurrencies.
“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, have made it possible for SOME’s stakeholders to make an important difference in the lives of Washington, DC residents experiencing poverty and homelessness in a meaningful way.
To donate cryptocurrency to SOME, please visit SOME.org/Crypto.