Empowering rural women and supporting their efforts to achieve economic independence is a priority at Africa Development Promise. Studies have shown that when women earn an income, they invest 90 percent on their families. By building the productive capacity of women to manage and operate agricultural cooperatives and small business not only reduces poverty but spurs economic progress leading to economic self-sufficiency, health, and overall well-being.
Africa Development Promise has been accepting Bitcoin and other cryptocurrency donations since November 2019 to expand our reach and attract a new group of donors who want to build sustainable pathways to economic independence for rural African women. Currently we accept the following cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Zcash (ZEC)
- Gemini Dollar (GUSD)
Your gift enable us to advance our mission of driving the collective action of rural women to advance sustainable business and economic independence in East African communities.
Why donate cryptocurrency?
If you’re a donor in the U.S., the IRS treats cryptocurrency donations like stocks, meaning you do not have to pay capital gains tax on your appreciated cryptocurrency and can write it off on your taxes. This is also the case in many other countries around the world, but please check with a tax professional for guidance.
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. This makes Bitcoin and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one.