Donating cryptocurrency is a new way to support our mission to re-home hundreds of animals while also providing food, transfers, life-saving surgeries and medical care to animals that otherwise might not receive a second chance.
When donating Bitcoin to Footbridge Foundation, you receive a tax deduction for the fair market value of the crypto, and this way, you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you’re able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%.
If you donate Bitcoin, we'll hold the coins and will not immediately liquidate your gift. We believe that cryptocurrencies will have a greater impact overtime and will hold the majority of gifts until at least 2025. Hopefully, this investment will increase in value and allow us to save even more lives.