Ronald McDonald House Charities of Chicagoland & Northwest Indiana Announces Capability to Accept Cryptocurrency Donations
Today, Ronald McDonald House Charities® of Chicagoland & Northwest Indiana (RMHC-CNI) announced that it will now accept donations in over 80 leading cryptocurrencies through The Giving Block.
By accepting cryptocurrencies, RMHC-CNI is able to offer those with cryptocurrency portfolios the ability to support the organization in a tax efficient way. The IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are deductible on the donor’s tax returns.
Cryptocurrency donations enable us to help children and families get better together. To learn more and donate cryptocurrency, visit ronaldhousechicago.org/donate-cryptocurrency. You may also contact The Giving Block to learn more about how donating cryptocurrency can lower your taxes.