Copyright ©2024 Tuesdays Children. 390 Plandome Road, Suite 215, Manhasset, NY 11030 • (212) 332-2980 • (516) 562-9000 • EIN # 52-2347446
Privacy Policy and Meaningful Access Statement • Board of Directors • Financials
If you want to learn more about donating crypto and the potential tax benefits, check out www.thegivingblock.com/faq and the faq’s below. We also recommend you speak with a crypto-savvy tax professional. Upon your crypto donation to Tuesday’s Children, The Giving Block provides an automatic tax receipt.
How can I donate bitcoin or other cryptocurrencies to Tuesday’s Children?
Currently, we accept direct donations of Bitcoin, Ethereum, and supported cryptocurrencies through our donation portal powered by The Giving Block. All that is required is the most basic knowledge of conducting cryptocurrency transactions and a desire to give.
Which cryptocurrencies do you accept?
Currently, we only accept cryptocurrencies specifically listed by The Giving Block. This list is subject to change and can be verified either within The Giving Block’s widget or The Giving Block’s website.
For cryptocurrencies that exist on multiple networks--like Polygon (MATIC), which exists as an ERC-20 token on Ethereum AND separately on its own network--which one do I donate?
Scrolling through the supported assets on The Giving Block widget will show whether or not the token is an ERC-20. In these cases, The Giving Block will likely accept the Ethereum (ERC-20) version of a token which lives on multiple networks. Always verify which one is supported before donating.
Is there a preferred cryptocurrency for donating? One which will do the most good?
To us, all direct cryptocurrency donations through The Giving Block are functionally the same since they’re all converted to USD immediately and put to use in our mission sooner.
Is my donation refundable?
No. Blockchain payments are non-refundable by design. Always check the accuracy and authenticity of any address you’re sending cryptocurrency to. This is best practice for any bitcoin or cryptocurrency transaction.
Will I get a tax receipt with my cryptocurrency donation?
Yes, when you donate through our Giving Block portal, you will be prompted to submit your email to receive an automatic tax receipt.
Can I donate anonymously and still get a tax receipt?
Yes, if you wish to donate anonymously, you can submit only an email to receive an automatic tax receipt and provide no further personal information.
Can I donate the proceeds from an NFT charity auction or other Web3 application?
Yes, but with some consideration. For example, while split payments of NFT auction proceeds can be configured with our ETH address (which is fundamentally a Gemini exchange wallet), you would not be able to receive a tax receipt in this automated value flow. A bulk or recurring direct donation of auction proceeds would allow you to receive tax receipts. Also, bear in mind that web3 systems like NFTs or decentralized finance (DeFi) applications have their own considerations regarding taxes. The Giving Block has published a basic overview of NFT-related tax situations.
To contact The Giving Block directly, please click here.
Copyright ©2024 Tuesdays Children. 390 Plandome Road, Suite 215, Manhasset, NY 11030 • (212) 332-2980 • (516) 562-9000 • EIN # 52-2347446
Privacy Policy and Meaningful Access Statement • Board of Directors • Financials
If you have questions or would like more information, please email keri@tuesdayschildren.org
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