GRCM Accepts Cryptocurrency Donations!
Great River Children’s Museum accepts donations of Bitcoin, Ethereum, and other alt-coin currencies. Help us build the children’s museum with your donation today!
Tell me more…
Did you know that selling crypto, converting crypto to USD or even another cryptocurrency, and/or using crypto to buy goods and services can all potentially trigger a taxable-event?
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to Great River Children’s Museum, a 501(c)(3) nonprofit, receives the same tax treatment as a stock donation. 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. Please contact your tax professional or financial advisor for guidance and more information.
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/resources/why-donate-bitcoin/.
GRCM is one of the first children’s museums to accept cryptocurrency donations.
At GRCM, we believe that innovative solutions are an important part of our future. The children of today and tomorrow are going to grow up in a world that involves blockchain and cryptocurrencies – these technologies will play a role in everyday life in ways many of us cannot even imagine. Helping children and families learn and grow, through play, helps strengthen our future. The crypto giving capacity is limitless, and it is believed that these resources can help us open worlds by opening doors. You can read more about our mission here: About GRCM.
Frequently Asked Questions
Can I donate anonymously? – Yes. By checking the box at the top of the “Info” tab, you can set up your donation to be anonymous and leave the information blank. On the subsequent tab, you will still be offered an option to receive an email receipt to retain for your records (if desired).
Will I get a receipt with my donation? – Yes, by supplying your email address when prompted on the donation widget above you will receive a receipt via email to retain for your tax records. If you have any questions about receiving a donation receipt, please feel free to contact us.
Which Cryptocurrencies do you accept? – Bitcoin (BTC), Ethereum (ETH), and many other cryptocurrencies are currently accepted. Please check the drop-down list on the widget above for the most up-to-date list of accepted cryptocurrencies. Please do not submit unsupported currencies via this platform. Donations are non-refundable, and we cannot guarantee receipt of unsupported currencies.
I want to give BIG, can I do this here? – As you can imagine, building a children’s museum is a big task. We have a $12MM campaign goal and are grateful for gifts of all sizes as we work to create the second largest children’s museum in the state of Minnesota. We are also aware that there has been a tremendous amount of wealth generated in the past 6 years via crypto, and we are hopeful and mindful that the right donor could find this project, understand how meaningful it is, and make dreams come true in just 1 day. If you might be that person, please feel free to contact us or surprise us with that ultimate gift. Large crypto gifts can certainly be made via this platform.