How do I go about donating Bitcoin (BTC) or other cryptocurrencies to help support the mission & work of 1517, and are there any advantages to doing so?
At 1517 we share the Good News that we are forgiven and free through Christ Jesus alone, and your partnership makes this mission possible. Your support helps us continue this mission.
One powerful way to contribute is by donating Bitcoin (BTC) or other cryptocurrencies. By transferring to 1517 BTC and other cryptos you may be able to:
- Avoid capital gains taxes on BTC or other cryptos that have appreciated while you have held them.
- Potentially claim a tax deduction for the full market value of the BTC or crypto at the time of your donation.
- Repurchase Bitcoin (an optional strategy beyond simply giving) at the current market price, resetting your cost basis to the new, higher value. This could reduce future taxes if you sell later.
Your gift of Bitcoin will directly fuel our mission to spread the Gospel. YOU CAN MAKE A BITCOIN OF CRYPTO DONATION HERE.
Thank you for partnering with us to proclaim forgiveness and freedom in Christ Jesus. Your generosity powers our shared mission!
SEVERAL NOTES:
- Our team is here to assist you every step of the way. If you have further questions you are invited to contact David Rufner, our Director of Development & Relations. You can contact him at david@1517.org or 616.822.3984.
- Always consult with your financial or tax advisor to ensure this approach fits your personal circumstances.
- In case you need to find us another way, our full legal name (New Reformation Publications) and our EIN/TaxID# is 46-3986960.