Why Donate Crypto to The Stanley M. Marks Blood Cancer Research Fund?
Making a donation to the Stanley M. Marks Blood Cancer Research Fund will provide seed money for young investigators as they build their research program for the future as well as for senior investigators to conduct highly innovative or specialized research projects. Through fundraising, The Stanley M. Marks Blood Cancer Research fund supports the recruitment of new leaders and provides support to launch unique programs and major initiatives, like early diagnosis of blood cancers. This promotes the pursuit of continued excellence in patient care, for which Dr. Marks has set the standard.
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%.
If you provide an email, you will automatically receive a tax receipt after donating.