American Hiking Society will accept forms of cryptocurrency that have an equivalent value in real currency or that acts as a substitute for real currency, also known as convertible virtual currency. Such forms of cryptocurrency are listed on an exchange and the exchange rate is established by market supply and demand.
The fair market value of the virtual currency is determined by converting the virtual currency into U.S. dollars at the exchange rate in a reasonable manner that is consistently applied. Contributions of cryptocurrency will be treated as a contribution of Tangible Personal Property.
Contributions of Cryptocurrency must be converted to U.S. Dollars as swiftly as is practicable. They may not be made in a completely anonymous manner although donors may request anonymity in publications and/or gift announcements. All gifts of cryptocurrency are considered irrevocable upon conversion to US Dollars and may not be refunded.
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. This makes Bitcoin, Ethereum and other cryptocurrency donations one of the most tax-efficient ways to support AHS. You can find all of our accepted cryptocurrencies in our FAQ below.
When you donate crypto to American Hiking Society, we immediately convert your donation to fiat, which means all donations are non-refundable. Please only send currencies listed on the widget. Do not send unsupported currencies (including unsupported ERC-20s, ERC-721s and BEP20s) as they will be lost.
Accepted Currencies
Support our work to empower all to enjoy, share, and preserve the hiking experience by donating your 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), The Graph (GRT), UMA (UMA), or 1inch (1INCH).
Visit The Giving Block FAQ or consult with your financial planner to determine your tax benefits.
Donations made here will support the entire mission of AHS and will not be designated to a specific program or location. Your gift will be used where it is needed most. Cryptocurrency donations are not refundable.
Frequently Asked Questions
I need a wallet address to complete my donation. Where can I access this information?
You can generate a wallet address by using our widget above.
- Choose the currency you wish to donate
- Put in any amount for the pledge (don’t worry – receipts will match the actual amount donated).
- Enter your donor information or choose to donate anonymously.
- Once you reach the third page, the widget will generate a dynamic wallet address you can use to complete your donation.
Will I get a receipt with my donation?
In order to receive a receipt with your donation, you must enter your email when prompted to in our widget above. You will automatically receive a receipt from receipts@thegivingblock.com as soon as the transaction is confirmed on the blockchain.
This changes depending on the blockchain – you can refer to this guide for estimates and more information. Please note that you will receive a receipt every time you donate with our wallet address to the receipt you enter when generating the address.
Is donating Crypto tax deductible?
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. This makes Bitcoin and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause.
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 get connected with one.
May I donate anonymously?
Yes, of course! However, if you’d like to receive a tax receipt, you must enter your email address when prompted on the third page. A tax receipt will only be sent once you’ve entered your email address.
Why can I donate Polygon (MATIC) but not tokens sent via the Polygon network?
The Giving Block supports the ERC-20 Polygon (MATIC) asset but The Giving Block does not support transfers via the Polygon/Matic network. In order to successfully donate Polygon (MATIC) to a charity please be sure the assets you are transferring are on the Ethereum mainnet (ERC-20 token).
I need assistance with my donation. How can I get in touch?
Thank you for your interest in supporting American Hiking Society. To contact us about making a crypto donation, please send us an email at hkleinolson@americanhiking.org with the subject line Crypto Donation.
