BLOOM Charity now accepts Cryptocurrency donations!
After a vetting process, BLOOM joined a small but growing number of nonprofits able to accept cryptocurrency donations. As members of the The Giving Block, the #1 crypto donation solution, Bitcoin and other cryptocurrencies donated will be automatically liquidated to US dollars through the Gemini exchange and delivered to BLOOM Charity. Reduce your crypto tax-burden by making a donation!
Frequently Asked Questions
I NEED A WALLET ADDRESS TO COMPLETE MY DONATION. WHERE CAN I ACCESS THIS INFORMATION?
You can access all of our wallet addresses by using the crypto donation widget above. Once you enter the type of cryptocurrency and reach the third step, you will receive a unique wallet address which can then be used to complete your donation.
WILL I GET A RECEIPT WITH MY DONATION?
You will receive a receipt for your donation via email. You must enter your email when prompted in our widget above. At this time, BLOOM does not accept anonymous cryptocurrency donations.
IS MY CRYPTOCURRENCY DONATION TAX DEDUCTIBLE?
In the US, the IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)(3) charities receive the same tax treatment as stocks. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. Please contact your tax or financial advisor for more information.
In the UK, your cryptocurrency donations to a charity may be eligible for relief from capital gains tax, with the transfer taking place on a no-gain, no-loss basis. Cryptocurrency donations do not qualify for gift aid. Please contact your tax or financial advisor for more information.
WHICH CRYPTOCURRENCIES DO YOU ACCEPT?
Through our cryptocurrency fundraising initiative with The Giving Block and Gemini Trust Exchange, we can accept multiple cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Aave (AAVE), Alchemix (ALCX), Ankr Network (ANKR), Axie Infinity Shards (AXS), Balancer (BAL), Bancor Network Token (BNT), BarnBridge (BOND), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Compound (COMP), Curve (CRV), Dai (DAI), Decentraland (MANA), Dogecoin (DOGE), Enjin Coin (ENJ), Fantom (FTM), Filecoin (FIL), Gemini Dollar (GUSD), Injective Protocol (INJ), Kyber Network (KNC), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Maker (MKR), Mirror Protocol (MIR), Moss Carbon Credit (MCO2), Orchid (OXT), PAX Gold (PAXG), Polygon (MATIC), Ren (REN), Skale (SKL), Smooth Love Potion (SLP), Somnium Space (CUBE), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), Terra (LUNA), TerraUSD (UST), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), UMA (UMA), Uniswap (UNI), Yearn.Finance (YFI), Zcash (ZEC), 0x (ZRX), 1inch (1INCH), or any tokens currently accepted on the Gemini Exchange.
IS MY CRYPTOCURRENCY DONATION REFUNDABLE?
All cryptocurrency donations made via The Giving Block are nonrefundable. We work hard to ensure that every token that is donated is put to work as soon as possible. When we receive your donation it is understood that this is made to support our mission and we are grateful for your support. As these donations are often immediately converted into fiat, we do not offer refunds on any donations that are made in cryptocurrency. We are not able give refunds if you changed your mind, sent the wrong cryptocurrency or made the wrong decision. The Giving Block does not, has not, and will never offer any form of cryptocurrency airdrop, goods or services in return for a donation.