In an effort to support a wide range of diverse giving options for our donors, we’ve decided as an organization to begin accepting donations in Cryptocurrency. Some of our community members have already requested to make donations in cryptocurrency because of the tax benefits that come along with gifts of cryptocurrency.
For donors in the United States, the IRS has classified cryptocurrencies as property for tax purposes. This means that when you donate Bitcoin or other cryptocurrencies to a 501(c)(3) nonprofit like Suncoast Community Church, you aren’t required to pay capital gains tax and the amount can be written off on your taxes. If you’d like a tax receipt for your cryptocurrency gift, please email info@suncoastcommunity.
In accordance with our gift policy, all donations in cryptocurrency are final. If you have any questions about making a gift in cryptocurrency or would like to donate a different cryptocurrency, please email info@suncoastcommunity.