Cryptocurrency is a decentralized digital form of currency based on blockchain technology. Unlike the U.S. dollar or Euro, no central authority manages and maintains the value of a cryptocurrency. Instead, cryptocurrency is broadly distributed among its users via the internet.
God provides for us in a number of ways—including cryptocurrency! Since cryptocurrency has value, it provides one more way we can honor God through giving.
Because the value of cryptocurrency can change within a short period of time, we are unable to refund donations of cryptocurrency for any reason. Make sure your gift is correct before completing it!
Yes―your cryptocurrency donation is tax-deductible. Because it’s a non-cash donation, it will not appear on your regular end-of-year giving statement. Instead, you will receive a separate letter acknowledging your gift(s) for tax purposes.
A cryptocurrency gift is one of the most tax-efficient ways to give to Life.Church. Because donating cryptocurrency is a non-taxable event, you don't owe capital gains tax on the appreciated amount and you can deduct it from your taxes.
We’re happy to answer any of your questions about cryptocurrency giving! Please contact us by email at firstname.lastname@example.org or by phone at 405-216-7054.