Tax-efficiency – The IRS considers your cryptocurrency donation a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This is why cryptocurrency donations are one of the most tax-efficient ways to give clean water in Uganda and why financial advisors recommend donating your most highly appreciated assets first.
Anonymity – We know how important anonymity can be within the cryptocurrency community, so you can choose to make your secure donations entirely anonymous to us. You may choose to include contact information if you would like to receive email updates about your impact, but this is optional.
Simplicity – Our crypto platform, The Giving Block, will provide your tax receipts via email.
We also believe blockchain technology offers a more promising and secure future for vulnerable people around the world, including those in Uganda. Read more about why UWP thinks cryptocurrency can be a powerful tool for poverty reduction in our article Cryptocurrency Donations: Much More Than the Money or why cryptocurrency users are HODLING* onto UWP in our article Cryptocurrency Users are HODLIING* Onto the Ugandan Water Project.
P.S. Our crypto donation processor works with most major cryptocurrencies, but if yours is not listed, email info@ugandanwaterproject to donate directly to the Ugandan Water Project’s Atomic Wallet!