image

Breast Cancer Charity Platform to Accept Crypto Donations

You can now contribute to breast cancer causes in crypto. Susan G. Komen, the largest breast cancer charity, has said it’ll be accepting donations in digital assets. The charity is partnering with The Giving Block (TGB), a crypto charity enabler, to facilitate those donations.

The charity announced the partnership through a Twitter post on December 26, 2021. That announcement read, ” Through a partnership with The Giving Block, Susan G. Komen now accepts cryptocurrency as a form of donation.”

The Susan Goodman Komen Foundation was formed in 1980. It takes its name from a fashion model with the same name who succumbed to breast cancer at 36, three years after her diagnosis.

Susan’s younger sister Nancy Brinker is the founder. The charity funds breast cancer research, community health awareness and advocacy globally. Since 1982, it has invested over a billion dollars in breast cancer research.

Why S.G Komen Is Taking Crypto Donations

S.G Komen sees this as an opportunity to expand its plans in fighting breast cancer. Furthermore, it will give the charity more options in saving the lives of people globally.

Additionally, S.G Komen says well-wishers can now contribute to its causes using several cryptos. Chief among these are Bitcoin and Ethereum. But you can also do so using one of the many popular meme coins such as Shiba Inu and Dogecoin.

This news drew quick reactions on Twitter. The charity’s partner in the venture, The Giving Block, was among the first to react. It expressed its excitement at their new partnership. Its reply to the tweet appreciated the charity joining The Giving Block community.

The two then went on to justify the importance of crypto donations. In a shared statement, they said donating crypto to nonprofits is tax efficient. Besides, it can help you save money.

Their statement adds that the IRS considers crypto as taxable property. Thus, your crypto donations earn you tax deductions based on the crypto’s market value. Moreover, you get exemptions from capital gains tax reporting.

On the contrary, you’d attract capital gains tax if you sold the crypto before your donation. The relief from capital gains enables you to contribute more. Additionally, you can deduct as much as 30 percent of your tax returns.

Crypto Donations Are on the Rise

A recent CNBC report indicates that crypto donations are surging. The report also shows TGB has experienced an over 580% rise in crypto donations this year compared to its 2020 Crypto Giving Tuesday campaign.

Likewise, data from other firms mirrors TGB. For instance, Fidelity Charitable VP Tony Oommen says they’ve recorded about fivefold growth in crypto donations from 2020 to 2021.

The firm also says that 45 percent of crypto holders donated at least $1,000 to charitable causes in 2020. The figure trumps the average of 33 percent of investors contributing the same amount overall.


Source link

0 0 votes
Article Rating

S’abonner
Notifier de
0 Commentaires
Commentaires en ligne
Afficher tous les commentaires
Reset Password

Avertissement sur les risques :

Le trading peut vous exposer à des risques de pertes supérieures aux dépôts et ne convient qu’à une clientèle avisée ayant les moyens financiers de supporter un tel risque. Les CFD sont des instruments complexes et présentent un risque élevé de perte rapide en capital en raison de l’effet de levier. Entre 74 et 89% des comptes de clients de détail perdent de l’argent lors de la négociation de CFD. Vous devez vous assurer que vous comprenez comment les CFD fonctionnent et que vous pouvez vous permettre de prendre le risque élevé de perdre votre argent. Ce site n’est en aucun cas une offre de conseil en investissement ni une incitation quelconque à acheter ou vendre des instruments financiers. Trader le Forex et/ou les CFD’s implique un niveau de risque élevé, et peut ne pas être approprié car vous pouvez subir des pertes supérieures à votre dépôt. L’effet de levier peut être en votre défaveur.

Vous devez être conscient et avoir une compréhension complète de tous les risques associés au marché et au trading. Le site Union-trader.com peut être amené à produire des commentaires d’ordre général, ce qui ne constitue pas des conseils en investissement et ne doit pas être interprété comme tel.

Veuillez recourir aux conseils d’un conseiller financier extérieur. Le site Union-trader.com décline toute responsabilité pour les erreurs, inexactitudes ou omissions et ne garantit pas l’exactitude ou le caractère complet des informations, textes, graphiques, liens ou autres éléments contenus dans cette documentation. Toute information et toute mise à disposition sur le site ont un caractère privé.