You can now donate shares of your appreciated Bitcoin to Saint Basil the Great.
Donating Bitcoin to charity can be an excellent tax planning strategy!
You may be able to enjoy two tax benefits:
- Avoid the capital gains tax you’d pay if you sold the Bitcoin -and-
- If you itemize deductions you can claim a charitable deduction equal to the Bitcoion’s fair market value.
Consult your tax advisor for further information.
Unless requested, Saint Basil the Great Finance Committee will manage the donated Bitcoin holding or selling as appropriate.
Contact the church office to make arrangements.