Donate $CEL, pay less tax!
There’s no other way to say it: We need your help.
Every year BethanyKids transforms lives across Africa through our pediatric surgery and rehabilitation services for children. Since 2004, with generous support from our donors, we have provided over 37,000 surgeries to impoverished children in need. However, thousands of other children need our support now. After significant demand, we plan to expand our services into Uganda in 2022.
- 16% of the 20 million children living in Uganda have a disability.
- 5% of school-aged children with a disability have access to education.
- 5 Million children for every 1 pediatric surgeon in the country
With your donation, our innovative cost-effective approach puts more local accredited pediatric surgeons in the field and reduces “brain drain” by ensuring surgeons are not only trained by BethanyKids at an accredited training hospital, but also given a secure fair wage post-graduation.
Your donation is a big part in our FUTURE FUND vision, as it is helping us showcase the Mashinsky method of “Doing Good Then Doing Well” and to build a more sustainable model of international aid.
NOTE: We accept $CEL, as well as any other asset listed on Celsius.Network, into our corporate account.
What is the FUTURE FUND?
We believe in the future of crypto, like you. Rather than market sell your donation today, we believe HODLing will change more lives and your generosity today will make a long-term impact. This portfolio will be used as capital preservation by holding assets that continue to appreciate against fiat currency and will act as a hyper-inflation hedge. We commit to HODL all donations for at least 3 years and showcase the impact yield generating portfolios can have using a more sustainable charitable model.
Phase 1: Our initial goal is to create a FUTURE FUND (a Celsius yield-earning crypto portfolio) to cover all administrative costs strictly from the weekly Celsius rewards. Currently these administrative costs are under 10% of our global operating budget, however we want to reduce this to zero. This would allow 100% of all future donations, both in crypto and in USD, to go directly to our surgical and rehabilitation projects across 7 African nations.
Phase 2: In the future, as the FUTURE FUND value grows, we plan to cover the expansion of future programs and services from our Celsius rewards and showcase a more sustainable model of international aid that is effective, efficient, and transparent.
Thank you for helping us build a better future for children across Africa with this generous donation. You can learn more about the impact of our work here.
How to donate?
For donors in the United States, the IRS has classified crypto as property for tax purposes. This means that when someone donates bitcoin and other cryptocurrencies to a 501(c)(3) nonprofit like BethanyKids, donors do not have to pay capital gains tax and it is tax-deductible if you provide your email address. We are currently building an automated process for donations of $CEL token due to lack of custodian support with the Giving Block system. Until then, please use our form to provide your name, address, and donation value. This is necessary information to process your IRS tax deductible receipt. If you are not a resident of the USA, please contact us for more details. At this time, tax-receipts are valid for US citizens only.
Once you donation of $CEL is confirmed in Celsius, we will email you to provide the tax-receipt.
NOTE: You can donate anonymously but you will not receive a tax receipt. Please consult your tax advisor for more details.
Our Global Supporters
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DONATING IN THE UK, CANADA AND USA.
UNITED STATES OF AMERICA
Crypto Donations are tax-deductible in the US and all receipts processed by the Giving Block are intended for US-based donors at the moment.
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)3 charities receive the same tax treatment as stocks. Please contact your tax or financial advisor for more information.
Cryptocurrency donations in Canada are considered a taxable event and you should review CRA’s advice on Cryptocurrency for how to use donations to reduce your taxable income.
All receipts processed by the Giving Block are specifically intended for our US-based donors, if you live in Canada contact us to discuss receipt options.
Cryptocurrency donations in the UK are considered a taxable event and you should review your local government’s advice on Cryptocurrency for how to use donations to reduce your taxable income.
All receipts processed by the Giving Block are specifically intended for our US-based donors, if you live in the UK contact us to discuss receipt options.
A FEW REASONS TO DONATE CRYPTOCURRENCY
Donate crypto, pay less tax! Donating cryptocurrency is a non-taxable event in many countries, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause. To learn more about tax rules for crypto donations in specific countries contact us or your tax advisor.
3. It’s Simple
Our crypto platform, The Giving Block, provides the tax receipts via email for US tax reporting. Giving is simple and efficient.
Building on the fundamental value of privacy of cryptocurrency, donors who donate in crypto can choose to remain entirely anonymous to us.
Anyone who wants to can sign up for our newsletter, to receive impact updates, but that is optional.
By training local pediatric surgeons we are investing in the future and slowly transforming pediatric care across a continent. Your donation is helping us make that happen.