Planned Giving
Giving From Your Cryptocurrency
Make a secure, tax-smart gift of Bitcoin, Ether, or another digital asset—and see your values make an immediate impact.
How It Works
- Transfer your crypto directly from your wallet or exchange to Springbrook Foundation.
- Because the IRS treats cryptocurrency as property, assets held more than one year generally qualify for an income-tax deduction equal to the coin's fair-market value on the day of the gift. (IRS)
- You also eliminate capital-gains tax you would otherwise owe if you sold the coins first.
- For gifts over $5,000, the IRS currently requires a qualified, independent appraisal and a completed Form 8283, Section B. Exchange “price quotes” alone are not sufficient.
Benefits to You
- Greater tax savings: deduct the full fair-market value and avoid capital-gains tax.
- Bigger impact for our mission: we receive the full value of the asset once converted.
- Simplicity: one quick online transaction—no bank wires, checks, or paperwork for you.
- Always consult your tax adviser to confirm the rules that apply in the year you give.
Next Steps
- Contact us to let us know your plans. We'll provide a contemporaneous tax receipt as soon as the transfer settles.
- Talk with your adviser about whether an appraisal or additional forms are needed for your situation.