Selling crypto first means capital gains tax takes a bite before your ministry ever sees a dollar. Gift the asset directly, and we handle the conversion, the compliance, and the receipt — through our partnership with The Giving Block.
A platform built specifically to receive, convert, and document cryptocurrency gifts to nonprofits — handling the donor-facing transaction directly, in coordination with our office for the receipt and required IRS filing.
Click below to open a secure form where you'll select your coin and receive the correct wallet address to send it to.
Your digital asset is converted to US dollars promptly upon receipt, and the realized proceeds — less a modest Ministry Grant — go straight to your donor-advised fund.
| Component | Rate | Notes |
|---|---|---|
| We Take IT Ministry Grant | 3% | Taken from realized US dollars, not the gross asset value |
| Conversion to fiat | Prompt | Reduces market-volatility exposure between receipt and sale |
| Contribution receipt | Issued | Reflects total US dollars realized, for your tax records |
| IRS Form 8282 | Filed by WTI | Required filing whenever donated property is sold within 3 years |
| IRS Form 8283 & appraisal | Your responsibility | Required for your deduction on gifts over $5,000 — we connect you with a qualified appraiser |
We maintain an approved list based on market stability and our ability to track and convert the asset reliably. Not sure if yours qualifies? Just ask.
Reach out and let us know the asset, the approximate amount, and which ministry fund should receive it.
The gift is received through The Giving Block, verified per our donor due diligence procedures, and converted to US dollars.
For gifts over $5,000, the IRS requires a qualified appraisal for Form 8283. We arrange this for you.
We send your contribution receipt and, if required, Form 8282 — along with the net proceeds directed to your fund.
No — gifting cryptocurrency held longer than a year avoids the capital gains tax that would apply if you sold it first and donated the cash. You get a deduction for the fair market value at the time of transfer, and the coin is liquidated and receipted on our end.
Every crypto gift is receipted with full Form 8282 compliance, so your deduction paperwork holds up cleanly if it's ever reviewed.
Tell us what you're holding and we'll walk you through exactly how it would work — no obligation either way.
