Cryptocurrency
Donation
More than 800,000 people have joined #TeamTrees®. Whether you planted one tree, or a million-and-one, we did this together.
More than 800,000 people have joined #TeamTrees®. Whether you planted one tree, or a million-and-one, we did this together.
It’s easy! Select the method of currency you would like to donate, fill out some optional information about yourself, including an email address for a tax receipt, then a protected wallet address will be generated for your donation that will link directly to the #TeamTrees wallet.
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 Bitcoin and other cryptocurrency donations one of the most tax efficient ways for you to support #TeamTrees.
The IRS classifies cryptocurrency as a property for tax purposes which means it is typically the most tax-efficient way to support #TeamTrees. When donating cryptocurrency, you receive a tax deduction for the fair market value of the cryptocurrency, and you avoid the capital gains tax you would have incurred if you had sold the cryptocurrency and then donated. That means you can donate more, as well as deduct more on your tax return.
Yes. There is a minimum of $10 for all crypto donations.
You will, just not right away. Donations made using cryptocurrency will populate on the leaderboard within 3-5 business days. This won’t last forever, though, so, stay tuned!
Yes. All donations are deemed tax-deductible absent any limitations on deductibility applicable to a particular taxpayer.
Yes. Donors can choose to remain anonymous when donating Bitcoin and other cryptocurrencies. To receive a tax receipt for your donation, please provide an email address when completing the form.
Coinbase applies a 1% flat fee to your donation to cover processing and will instantly convert the crypto donation to USD to comply with IRS requirements for non-profits. For donations worth $250,000 USD or more, you can get a lower fee of 0.1-0.2% through the Coinbase OTC desk by emailing crypto@every.org.
#TeamTrees is continuing to plant trees worldwide, which includes new ways to fund our mission. Cryptocurrency as a donation method is rapidly growing and will provide a whole new way to plant trees and save the planet.
The cryptocurrencies that we can accept are Bitcoin, Ethereum, and USD Coin through our partners at Every.org. They have partnered with Coinbase, one of the most trusted brokerages in cryptocurrency. This ensures the necessary bandwidth is available to facilitate donations of any volume, as well as ensure that transactions are completed safely and securely. We are working to expand the types of cryptocurrency and tokens/alt coins, so if yours isn’t available yet, it could be in the future.
For donations less than $5,000, only Bitcoin, Ethereum, or USD Coin can be used, but exceptions can be made on a case-by-case basis. For donations exceeding $5,000, different cryptocurrencies can be used, but you will need to email crypto@every.org to request an address.
You can also click here to access a directory of crypto accountants, CPAs, and tax professionals for any questions regarding appraisals.
The Arbor Day Foundation plants millions of trees every year. Those trees are soaking up carbon, helping to reduce the footprint. That’s what trees do!
Due to the fluctuation of cryptocurrency value and strict rules for charities about use of funds, we are unable to refund cryptocurrency donations. Please only donate in cryptocurrency after careful consideration. Please contact info@teamtrees.org if you have further questions.
If you’re interested in learning more about cryptocurrency, these articles are a great place to start:
What To Know About Cryptocurrency and Scams | FTC Consumer Information
Carbon Reduction Initiative – The world's first carbon credit generating blockchain (cri.eco)
