Give Digital Assets
We accept gifts of cryptocurrency, arranged individually so that both sides can verify the transfer before it happens.
Appreciated digital assets held more than a year are treated as property for charitable purposes, so transferring them directly can avoid the capital gains a sale would trigger.
We arrange each transfer in conversation rather than publishing a wallet address. Published addresses are a standard target for substitution fraud, and a misdirected transfer is irreversible.
How It Works
Tell us the asset, the network, and roughly what you intend to send.
We agree a transfer method and confirm the destination with you directly.
You send a small test transfer first, which we confirm before the full amount.
We acknowledge the gift at its value on the date of receipt.
Tax and Substantiation
The IRS treats cryptocurrency as property rather than currency, so non-cash substantiation rules apply.
A non-cash gift over $500 generally requires IRS Form 8283 with your return. Above $5,000 the IRS generally also requires a qualified appraisal, and we countersign the donee section once the gift is accepted.
If we dispose of a donated non-cash asset within three years, our practice is to file IRS Form 8282 and send you a copy.
Balance Fund, Inc. is a 501(c)(3) nonprofit corporation. EIN 99-1105175.
Balance Fund cannot provide tax or legal advice. Please consult your own adviser about the treatment of any gift.
Start the Conversation
Start here rather than sending anything. We confirm every destination directly with you before a transfer.
Put the power of an asset to work
Not Sure Which Route Fits?
Tell us roughly what you have in mind and we will point you to the simplest path.