Lupus Foundation Of America Accepts Five Major Cryptocurrencies For Donations
The national force devoted to solving the mystery of lupus in the U.S, the Lupus Foundation of America, has announced that it now has the capacity to accept donations in five major cryptocurrencies.
By being able to accept donations in crypto, the foundation offers supporters with cryptocurrency portfolios the ability to support the organization in a tax-efficient way. This because IRS classifies cryptocurrency donations as property, meaning they are not subject to capital gains tax and are fully tax deductible.
According to Stevan W. Gibson, president, and CEO, Lupus Foundation of America, they recognize the benefit of accepting cryptocurrency and the groundbreaking nature of blockchain technology.
“With this new capability, we are also looking forward to expanding into accepting more cryptocurrencies as well as how we can leverage blockchain to elevate our impact as we see more individuals and organizations using this technology,” Stevan added.
Adding this new donation method not only gives donors another convenient way to support the Foundation’s work, but it is also a first step in learning more about how emerging technologies like blockchain can help us do more for those with lupus. The Foundation will be working with The Giving Block, an expert in this technology, to grow its use of blockchain.
Donations can be made using cryptocurrency online and will be an accepted currency as part of the 2018 Evening of Hope Gala, taking place in New York City this November.