Washington State University Foundation recognizes the importance cryptocurrency plays in today’s economy and in the lives of our alumni, parents, and friends. Donors may find it beneficial to make contributions of cryptocurrency and should consult their tax adviser regarding how donations of cryptocurrency and other highly appreciated assets may fit into their tax plan.
Washington State University Foundation has partnered with The Giving Block to facilitate the donation of cryptocurrency. The Giving Block automatically exchanges your cryptocurrency donation for US dollars at the time of donation. Please use the “Donation Notes” field in The Giving Block donation page to designate the area or fund you would like to support as well as any other special instructions you may have.
Why Donate Cryptocurrency?
For donors in the United States, the IRS has classified cryptocurrency as a form of property or noncash for tax purposes. When you donate cryptocurrency to a 501(c)(3) non-profit organization, you may not be required to pay capital gains tax on donated cryptocurrency, and you may still be able to claim a tax deduction for your gift. Please consult your tax advisor for more information.
In accordance with our Gift Acceptance Policy, all cryptocurrency donations are converted to cash immediately upon acceptance and cannot be refunded for any reason. Please only send currencies listed on the “Select Your Crypto” dropdown within the Giving Block widget.
While we are happy to honor any request to keep gifts anonymous, we require that all donors identify themselves when making a cryptocurrency charitable contribution.
If you have any questions about donating cryptocurrency, please contact us at firstname.lastname@example.org or call (509) 335-1686.