Make a charitable donation to families in need
Create profound change for individuals and families in our community when you donate your cryptocurrency to Freedom Path Counseling
donate cryptocurrency to FREEDOM PATH COUNSELING
People are struggling in our community and we're committed to helping them. Your gift provides an opportunity for us to offer significantly discounted services (sometimes at no cost) to those in need. Your gifts are needed more than ever as Freedom Path Counseling's scholarship fund provides a safety net when unexpected crises hit families with low or loss of income, no insurance, or both.
Your cryptocurrency donation is tax-deductible to the extent allowable by law. Please consult your tax advisor. If you have any questions or are interested in donating other types of gifts, please visit our main Donation Page HERE.
What is cryptocurrency? Cryptocurrencies are digital or virtual currencies which operate like ordinary money such as dollars, pounds or euros, but have no physical counterparts. They exist only in electronic form. Millions of people use cryptocurrencies such as Bitcoin, Ethereum, Zcash, Litecoin, Bitcoin Cash and others for various transactions.
Why is Freedom Path Counseling accepting cryptocurrency? A growing number of nonprofits and charities are beginning to accept donations in the form of cryptocurrency. We believe that accepting cryptocurrency will open doors for new donors and offer an additional option for those trading crypto who are also philanthropic.
Are cryptocurrency donations anonymous? We collect each donors name and email address in order to provide a tax receipt, but never share our donors information.
How does it work? When you donate cryptocurrency to Freedom Path Counseling, you do not recognize capital gains from the donation and can deduct it on your taxes. In other words, donating your crypto can often reduce your tax burden.
Does Freedom Path Counseling hold cryptocurrency? No, we do not. We are able to convert these gifts into dollars once we receive them.
Are network fees charged with donating cryptocurrency. Coinbase does charge a network fee to donate, but it is often less that traditional credit card fees. Simply reduce your gift by the amount of the fee to ensure the total fits within your desired gift budget.
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Freedom Path Counseling offers supporters with cryptocurrency the ability to support our mission 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. Your contribution is tax-deductible to the fullest extent allowed by law. Donations to a 501(c)(3) nonprofit like Freedom Path Counseling means you do not have to pay capital gains tax and it is tax-deductible if you provide your email address.