Now it’s even easier to donate to Baker Industries. Donating cryptocurrency is a non-taxable event. Like donating shares of stock, 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 with a charitable contribution. Through our cryptocurrency fundraising initiative with The Giving Block and Gemini Trust Exchange, we can accept all major cryptocurrencies.
When you donate crypto to Baker Industries, we immediately convert your crypto coins to dollars. Your donation will help hundreds of adults in need through our unique workforce development program.
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq. Talk to a crypto-savvy tax professional or connect with The Giving Block to connect with one. If you have any questions about Baker or your donation, please reach out to [javascript protected email address] for more information.
What is #CryptoGivingTuesday?
#CryptoGivingTuesday on November 30 (Giving Tuesday for cryptocurrencies) is the biggest day for giving cryptocurrency to charity and is organized by The Giving Block. Baker Industries is one of hundreds of nonprofits around the world participating, opening their doors to donors looking to make a difference during the holidays. On #CryptoGivingTuesday, the biggest names in cryptocurrency come together with the biggest names in philanthropy.