Frequently Asked Questions
Why should I consider giving through cryptocurrency?
A cryptocurrency gift is one of the most tax-efficient ways to give to CedarCreek. Because donating cryptocurrency is a non-taxable event, you don’t owe capital gains tax on the appreciated amount and you can deduct it from your taxes.
Are cryptocurrency gifts tax-deductible?
Yes―your cryptocurrency donation is tax-deductible. Because it’s a non-cash donation, it will not appear on your regular end-of-year giving statement as a dollar amount, rather as a donation of property for which you must assign value for your tax purposes.
Are cryptocurrency gifts refundable?
Because the value of cryptocurrency can change within a short period of time, we are unable to refund donations of cryptocurrency for any reason. Make sure your gift is correct before completing it!
What cryptocurrency can I give to CedarCreek?
You can see currently available cryptocurrencies and tokens by dropping down that field on the giving form. We accept well over 95 coins currently and they are subject to change over time. For a complete list, click here.
What does CedarCreek do with cryptocurrency?
CedarCreek is not in the business of holding or investing in cryptocurrency. As such, all donations are immediately converted to cash through our partner platform Engiven.
Who do I contact with questions about cryptocurrency gifts?
We’re happy to answer any of your questions about cryptocurrency giving! Please contact us by email at firstname.lastname@example.org or by phone at 419.661.8661.