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Infinite Giving is proud to announce that our investment clients can now easily accept crypto gifts. We believe an Investment Advisor for Nonprofits needs to support their clients receipt of asset gifts in addition to managing their curated portfolios. Accepting cryptocurrency is just one more way Infinite Giving's nonprofit expertise provides a smarter, modern investment experience that amplifies giving.
Tap into a new demographic of donors.
Did you know that by the end of 2022, the number of US adults who own at least one cryptocurrency is estimated to be 33.7 million people? That equates to 12.8% of the population, and a more than 10% growth from last year. World wide there are 100 million owners of bitcoin. They tend to be younger and more tech savvy than the traditional wealth donor and studies show that crypto holders are also more philanthropic than the average investor.
Tax savings.
Did you know the IRS considers cryptocurrencies similar to property? This means donors are not required to pay capital gains taxes on crypto giving and can receive immediate tax deductions. They can also claim losses. By accepting Bitcoin and Ethereum (more cryptocurrencies to come), nonprofits are actually helping their donors to be more generous. It's a win for them and for you.
How it works.
1. Share your giving link.
We provide our nonprofit investment clients with a custom giving link that allows donors to gift cryptocurrencies.
2. We convert the crypto.
Once the crypto has been received, we automatically convert it to USD and send the donor a tax receipt.
3. It arrives in your bank.
Once the crypto has been converted, we initiate a cash transfer to your connected bank account.
Transparency in giving.
Our investment platform allows our clients to easily view all their cryptocurrency (and stock!) gifts at a glance giving them ultimate transparency into who their donors are and when to thank them. The entire process is automated and seamless letting you focus on the relationships, not the transactions.
What does it cost?
Unlike other providers, we do not charge high transaction fees, or require minimums. The cryptocurrency donation tool is available for free with all Infinite Giving modern brokerage accounts (excluding minor gas fees common in all crypto transactions or fees charged by our cryptocurrency partner, Gemini).
Accepting cryptocurrency is just one more way Infinite Giving's nonprofit expertise provides a smarter, modern investment experience that amplifies giving.
Want to learn more? Download our white paper on Crypto and Philanthropy here.
