Gifts Today
Cryptocurrency
Digital assets such as Bitcoin, Ethereum, and other cryptocurrencies may become charitable gifts when transferred directly to a ministry. Because the IRS generally treats cryptocurrency as property, some donors explore crypto giving for reasons similar to appreciated stock gifts. The best next step is always to contact Denison Ministries first so we can discuss feasibility, timing, and the transfer process.
Who is this for?
This option is generally best for donors holding appreciated cryptocurrency who want to explore a charitable gift directly from those assets rather than selling first.
Eligibility
Crypto gifts usually require advance coordination. Appraisal or tax-reporting requirements may apply, especially for larger gifts.
This might be right for you if:
- You hold digital assets that have appreciated significantly.
- You want to explore whether a direct crypto transfer may be more efficient than selling first.
- You are comfortable coordinating with Denison before initiating the transfer.
Why this gift?
How it may benefit you
For eligible donors, a direct cryptocurrency gift may offer benefits similar to appreciated stock:
possible lessening or elimination of capital gains tax on appreciation,
a potential charitable deduction for fair market value in qualifying situations, and
the option to repurchase a similar asset separately with cash if that fits the broader plan you and your advisor choose.
Your advisors should confirm any appraisal, reporting, or substantiation requirements.
How it helps the mission
When feasible, a crypto gift can create another pathway for strategic generosity, helping Denison Ministries put more resources to work without requiring the donor to convert the asset first.
See the difference
| Sell & Give Cash | Donate Asset Directly | |
|---|---|---|
| Asset Value | $10,000 | $10,000 |
| Original Cost (Basis) | $2,000 | $2,000 |
| Capital Gain | $8,000 | $8,000 |
| Capital Gains Tax (20%) | $1,600 | $0 |
| Charitable Deduction | $10,000 | $10,000 |
| Net Tax Benefit (32% Bracket) | $1,600 | $4,800 |
| Total Benefit to Charity | $10,000 | $10,000 |
| Effective Cost to Donor | $8,400 | $5,200 |
How it works
-
1
Contact Denison Ministries first
We will discuss whether the gift is feasible, which digital assets may be accepted, and what timing makes sense.
-
2
Confirm the tax and valuation details with your advisor
Crypto gifts can involve additional appraisal and reporting considerations, especially for larger gifts.
-
3
Receive wallet or processing instructions
If the gift is approved, the ministry will share the transfer process with you.
-
4
Initiate the transfer
Send the gift only after the process is confirmed so the transfer can be identified and acknowledged properly.
Example
Alex bought Bitcoin for $2,000, and it is now worth $10,000. By donating the cryptocurrency directly to Denison Ministries, he may lessen or eliminate capital gains tax on the $8,000 gain and may receive a charitable deduction for the full $10,000 value, subject to applicable tax rules and substantiation requirements.
Frequently asked questions
Ready to take the next step?
Contact us first before initiating any cryptocurrency transfer.
Because crypto transfers are not an instant self-serve workflow, start with a conversation so we can discuss fit and process.
Email: donors@denisonministries.org
EIN: 26-3191442
Denison Ministries does not provide legal, tax, or financial advice. Please consult your advisors. Gift acceptance is subject to Denison Ministries' Gift Acceptance Guidelines.