IslamiCity
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Our mission is to blend technologies, sciences, and social sciences to provide education and information resources that assist in the development of mutual understanding, respect and cooperation for a more engaged and cohesive global society. Now it's even easier to donate to IslamiCity. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes cryptocurrency donations one of the most tax-efficient ways to support your favorite cause. You can find all of our accepted cryptocurrencies in our FAQ below.
When you donate crypto to IslamiCity, we immediately transfer your coins to fiat (Dollars). Your donation will fund IslamiCity.
Please note: All cryptocurrency donations made to IslamiCity are non-refundable. Please only send currencies listed on the widget, do not send unsupported currencies (including unsupported ERC-20s, ERC-721s and BEP20s) as these may be lost.
Now it's even easier to donate to IslamiCity. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes.
Why Donate Crypto Directly? Taxes!
There's a reason high net worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money.
The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support your favorite cause. When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you're able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%.
You will automatically receive a tax receipt after donating.
Through our cryptocurrency fundraising initiative with The Giving Block and Gemini Trust Exchange, we can accept multiple cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Aave (AAVE), Alchemix (ALCX), Ankr Network (ANKR), Axie Infinity Shards (AXS), Balancer (BAL), Bancor Network Token (BNT), BarnBridge (BOND), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Compound (COMP), Curve (CRV), Dai (DAI), Decentraland (MANA), Dogecoin (DOGE), Enjin Coin (ENJ), Fantom (FTM), Filecoin (FIL), Gemini Dollar (GUSD), Injective Protocol (INJ), Kyber Network (KNC), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Maker (MKR), Mirror Protocol (MIR), Moss Carbon Credit (MCO2), Orchid (OXT), PAX Gold (PAXG), Polygon (MATIC), Ren (REN), Skale (SKL), Smooth Love Potion (SLP), Somnium Space (CUBE), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), Terra (LUNA), TerraUSD (UST), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), UMA (UMA), Uniswap (UNI), Yearn.Finance (YFI), Zcash (ZEC), 0x (ZRX), 1inch (1INCH), or any tokens currently accepted on the Gemini Exchange.
You can access all of our wallet addresses by using the widget above. Once you enter the type of cryptocurrency and reach the third step, you will receive a unique wallet address which can be used to complete your donation.
Since we send you a tax receipt, you must enter your email address and billing information when prompted. A tax receipt will be sent once you've entered all your information.
The Giving Block supports the ERC-20 Polygon (MATIC) asset but The Giving Block does not support transfers via the Polygon/Matic network. In order to successfully donate Polygon (MATIC) to a charity please be sure the assets you are transferring are on the Ethereum mainnet (ERC-20 token).
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one. If you have any questions about your donation, please reach out to [email protected] for more information.