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Donate Cryptocurrency

The Salvation Army USA is now accepting donations via cryptocurrency such as Bitcoin or Ethereum.

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What is
Cryptocurrency?

Cryptocurrency, also known as Virtual Currency or "Crypto" is a digital asset designed to function as an alternative to sovereign flat currency (US Dollar, for example) wherby transactions between two parties are verified through a public, distributed ledger, also know as a blockchain.

While Bitcoin is the original cryptocurrency and most widely followed, there are several cryptocurrencies options currently available to help us Do the Most Good

      

How it works

We distribute your cryptocurrency to help meet human needs wherever, whenever and however we can.

Step 1

Donate Crypto

Put your crypto to work to benefit the world. Your generosity will help us fill some of the most critical gaps in society.

Step 2

We Build Programs

We work to understand the obstacles, hardships, and challenges native to the area's particular population to offer immediate relief, short-term care, and long-term growth.

Step 3

Give the Most Good

Finally, we offer the local programs to the local community, working to continually optimze their efficacy via spiritual, physical, and emotional service.

Got a Question?

Please contact us if you have any questions or are interested in donating other types of cryptocurrency.

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FAQs

Cryptocurrency, also known as Virtual Currency or “Crypto,” is a digital asset designed to function as an alternative to sovereign fiat currency (US Dollars, for example) whereby transactions between two parties are verified through a public, distributed ledger, also known as a blockchain. Most people think of Bitcoin and/or Ether when they hear the word “Crypto,” and while Bitcoin is the original cryptocurrency and most widely followed, there are a number of cryptocurrencies currently available.

The Engiven platform is a third party vendor provided donation software technology that enables nonprofits to safely and securely receive cryptocurrency donations and then convert those donations into usable fiat currency such as US dollars. Learn more about Engiven here.

Yes. It is lawful for a nonprofit to accept a donation in the form of a cryptocurrency. On March 2014, the United States Internal Revenue Service (IRS) ruled that Bitcoin is treated as property for tax purposes (IRS Notice 2014-21).

For U.S. tax purposes, transactions using virtual currency must be reported in U.S. dollars. Therefore, taxpayers will be required to determine the fair market value of virtual currency in U.S. dollars as of the date of donation. If a virtual currency is listed on an exchange and the exchange rate is established by market supply and demand, the fair market value of the virtual currency is determined by converting the virtual currency into U.S. dollars (or into another real currency which in turn can be converted into U.S. dollars) at the exchange rate, in a reasonable manner that is consistently applied. Donors who give cryptocurrency donations to The Salvation Army USA Western Territory will receive an electronic donation receipt (through the Engiven donation platform) in US dollars with comprehensive details about each transaction.

As with any form of electronic payment or transaction, there are risks, however, our vendor Engiven has created certain safeguards they believe are needed to ensure that the transaction is secure. With the transfer of cryptocurrency from donor to nonprofit, Engiven believes the transaction can actually be more secure than many other forms of payment, provided certain protocols are followed: 1) By using the Engiven platform, both the nonprofit and the donor are required to undergo a simple but effective Know Your Customer (KYC) and Anti-Money Laundering (AML) screening which provides a high level of background security to ensure both parties are properly screened. 2) As with any cryptocurrency transaction, when transferring your tokens to The Salvation Army USA Western Territory's wallet to make a donation, do not expose or share your wallet’s private keys at any time.

If you would like to designate your cryptocurrency gift to a specific Salvation Army program or service, please contact donations@salvationarmyusa.org.