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CRYPTOCURRENCY DONATIONS

We believe in what we do. We work hard to ensure the money we raise is used to transform the lives of children in Africa, but all of that depends on people like you making the selfless decision to put other people first. We invite you to help us change the world.

Help save lives.

There is really no other way to say it: We need your help.

Every year BethanyKids transforms lives across a continent through our pediatric surgery and rehabilitation services for children. And because our model is built around training local surgeons, we’re growing every year.

You can learn more about the impact of our work here.

Cryptocurrency continues to become more mainstream and so we’re proud to now accept:

Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT), Chainlink (LINK), 0x (ZRX), Storj (STORJ), Dai (DAI), Amp (AMP).


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.

CANADA

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.

UNITED KINGDOM

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

1. Tax-Efficient 

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.

2. Anonymous 

Building on the anonymity 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.

4. Impact 

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.

WHY ARE CHARITIES ACCEPTING CRYPTOCURRENCIES? 

How Cryptocurrency is changing the face of nonprofits.

Cryptocurrencies continue to make headlines around the world. More and more companies, charities and other entities are recognizing that they are here to stay and a great alternative to traditional forms of currency. In fact, in the spring of 2021 the total value of Cryptocurrencies worldwide was over 2 Trillion Dollars US. 

With anything new there are always plenty of questions, so here’s our attempt to answer a few potential questions people might have about cryptocurrencies and charities.

1. Why have Cryptocurrencies become so popular so quickly?

Some younger people assume that cryptocurrencies are the way of the future and so believe that the earlier they adopt them and begin holding them the more wealth they’ll have. The result has been there has been something of a scramble to buy and hold cryptocurrencies over the last few years. 

In April of 2011 for example, a single Bitcoin was valued at about a single US dollar, within a few months it had increased in value to $32 USD. By the summer of 2021 it was worth just above $40,000 USD. Imagine holding 100 Bitcoin for that decade and seeing your investment go from $100 USD to 4 Million USD. You can begin to see why a lot of investors are excited by it.

Many others see the value in decentralizing currencies away from central banks and other national bodies and thus see this as a great alternative to other forms of currency.

2. Who is most commonly using cryptocurrencies?

While there are people of all ages who hold and benefit from cryptocurrencies, it’s becoming increasingly popular with millennials. In fact a recent survey suggests that a good portion of millennials trust cryptocurrencies more than traditional stock markets. Another study suggests that almost 20% of millennials in the US own Bitcoin. 

3. Why are some nonprofits beginning to accept cryptocurrencies?

The short answer is that cryptocurrencies now have real monetary value that charities, like BethanyKids, can use to make the world a better place. In fact it’s estimated that 300 Million is donated to charities each year now in cryptocurrencies.

Meanwhile, donors themselves continue to scramble to find charities that accept donations because of the significant tax incentives for those holding cryptocurrencies. In many countries donating cryptocurrencies is treated much like donating property and is a taxable event.

So if you are one of those people who is holding crypto, looking for some tax reductions and are looking for a charity who will put it to good use, look no further. BethanyKids, through our partnership with The Giving Block, not only accepts crypto donations, but is committed to using the donations for investing in training and mobilizing pediatric surgeons across Africa.