Donate Crypto to The Life You Can Save

Donating cryptocurrency is a great way to support The Life You Can Save itself or any of the nonprofits we recommend. Our cryptocurrency donations are processed through The Giving Block, and you can currently donate a wide variety of cryptocurrencies to help save and improve lives around the world. 

How can I donate cryptocurrency to The Life You Can Save?

You can make a safe, easy, and fast donation of cryptocurrency using the widget on this page. Just follow this quick four-step process:

  1. Select your preferred crypto and enter your gift amount
  2. In the “Donate Notes” field of the widget, indicate whether you’d like your gift to go to one or all of our recommended charities (or leave this field blank to support The Life You Can Save itself).  See the “How can my crypto donation help people in extreme poverty?” section for a full list of giving options.
  3. Type in your email and basic info (or choose to give anonymously)
  4. Make your gift! 

Upon making a donation, you can elect to receive an automatically generated receipt that will be sent to the email address you provide. You can use this confirmation of your donation to claim any tax relief you are legally entitled to.

Cryptocurrency donations to The Life You Can Save are processed quickly and safely with The Giving Block.

 

How can my crypto donation help people in extreme poverty?

You can use the widget on this page to make your cryptocurrency gift and specify which organizations you would like your gift to support.

Donate to The Life You Can Save Itself: To make a cryptocurrency gift in support of The Life You Can Save’s operations, write “The Life You Can Save” in the “Donation Notes” field or simply leave the “Donation Notes” field blank. Supporting The Life You Can Save’s operations can be a great way to multiply the impact of your gift: over the past three years, we’ve raised an average of $17 for our recommended charities for each dollar we have spent on our own operations.

Donate to One of Our Recommended Charities: To make a cryptocurrency gift to one of our recommended charities, simply specify the name of that charity in the “Donation Notes” field. 

Specific charities you can donate cryptocurrency to:

  • Against Malaria Foundation
  • Development Media International
  • Equalize Health (formerly D-Rev)
  • Evidence Action
  • Fistula Foundation
  • Fred Hollows Foundation
  • GiveDirectly
  • GAIN’s Salt Iodization Program
  • Helen Keller International’s Vitamin A Supplementation Program
  • Innovations for Poverty Action
  • Iodine Global Network
  • Living Goods
  • Malaria Consortium’s Seasonal Malaria Chemoprevention Program
  • New Incentives
  • One Acre Fund
  • Oxfam
  • Population Services International
  • Sanku- Project Healthy Children
  • SCI Foundation (formerly Schistosomiasis Control Initiative)
  • Seva Foundation
  • Village Enterprise
  • Zusha!

Please note that, if no charity has been specified in the “Donation Notes” field, your donation will be used to support The Life You Can Save’s work

Donate to Our “90/10 Fund:” If you would like to use 90% of your gift to support all of our recommended charities and 10% to support The Life You Can Save itself, please write “90/10 Fund” in the “Donation Notes” field.

Donate to All of Our Recommended Charities: If you would like to distribute your cryptocurrency gift evenly across all of our recommended charities, please write “All Charities” in the “Donation Notes” field.

Why does The Life You Can Save accept cryptocurrency?

The Life You Can Save aims to make “smart giving simple”, and accepting cryptocurrency donations is a great way to do that. We want to give donors as many options as possible to support high impact charities, and we also want to help the nonprofits we recommend connect with new supporters. 

With more than 220 million crypto users worldwide and the value of many cryptocurrencies rising, we see crypto-philanthropy as a new and exciting fundraising avenue to help the global poor. We’ve written more about how crypto fits into The Life You Can Save’s strategy and why we’re prioritizing this market here.

As just one example of the opportunities we see in this area, we’re helping to organize an online Crypto For Good event on December 2 that will feature Sam Bankman-Fried, Caitlin Long, Laura Shin, and other crypto VIPs alongside our founder Peter Singer. All money raised at this event will go to benefit GiveDirectly.

Which cryptocurrencies do you accept?

We currently accept more than 40 cryptocurrencies, including: Aave (AAVE), Amp (AMP), Balancer (BAL), Bancor Network Token (BNT), Basic Attention Token (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), Chainlink (LINK), Compound (COMP), Curve (CRV), Dai (DAI), Decentraland (MANA), Dogecoin (DOGE), Enjin Coin (ENJ), Ethereum (ETH), Fantom (FTM), Gemini Dollar (GUSD), The Graph (GRT), Injective Protocol (INJ), Kyber Network (KNC), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Maker (MKR), PAX Gold (PAXG), Polygon (MATIC), Ren (REN), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), UMA (UMA), Uniswap (UNI), Yearn.Finance (YFI), Zcash (ZEC), 0x (ZRX) and 1inch (1INCH). We are continually in the process of adding support for new cryptocurrencies, so please check back soon for more giving options.

Are crypto donations tax-deductible?

Anyone can give through this page, but only US donors will be able to claim any eligible tax deductions. Australian donors should consider donating crypto to The Life You Can Save Australia here, which will allow them to claim any tax relief they are entitled to. See below for more information about the tax-deductibility of crypto donations in different locations.

Tax benefits of donating crypto in the United States

Donating Bitcoin and other cryptocurrencies can be one of the most tax efficient ways to give. 

Moreover, in the US, the Internal Revenue Service (IRS) classifies cryptocurrency as “property” for tax purposes. This classification means you can receive a tax deduction for the fair market value of the cryptocurrency and avoid the capital gains tax you would have incurred if you had sold the cryptocurrency first and then made a donation. 

If you want to learn more about how donating crypto can lower your taxes, US donors may find this FAQ from The Giving Block helpful. As with any tax-related questions, be sure to consult with a qualified, professional tax advisor.

Tax benefits of donating crypto in Australia and other countries 

Australia – The Life You Can Save Australia can accept crypto donations via The Giving Block here. Donating crypto may be a tax efficient way to give for some donors; however we recommend donors consult a knowledgeable tax professional to get personalized advice.

Other countries – Some of our recommended charities and partners accept crypto donations outside of the US and Australia. Please email us at cryptoinfo@thelifeyoucansave.org for more information.

What is #CryptoGivingTuesday? 

#CryptoGivingTuesday is the biggest occasion of the year for crypto fundraising and giving. Established in 2019 by The Giving Block to encourage crypto users to make donations and raise awareness among nonprofits about the ease and the benefits of accepting cryptocurrencies like Bitcoin. It falls on the first Tuesday after Thanksgiving in the U.S. 

Today, #CryptoGivingTuesday drives millions of dollars worth of crypto donations toward nonprofits around the world. We hope you’ll celebrate this occasion by supporting the outstanding charities we recommend, which you can do using the widget on this page. You can also amplify the impact of your gift by sharing it on social media, using the #CryptoGivingTuesday hashtag. 

What is #BagSeason, and how is The Life You Can Save planning to celebrate it?

#BagSeason is the crypto community’s annual fundraising season that starts with #CryptoGivingTuesday, and runs throughout the month of December. #BagSeason aims to bring visibility to nonprofits that accept crypto, and to inspire crypto users to donate to charitable causes before the end of the calendar year. 

The Life You Can Save will celebrate #BagSeason by co-hosting an online Crypto For Good event on December 2 (RSVP here). Our founder Peter Singer will join some of the biggest names in crypto including Sam Bankman-Fried, Caitlin Long, and Laura Shin, in a discussion about how crypto philanthropy can fight poverty and promote financial inclusion. All money raised at this event will go to benefit GiveDirectly.

I need assistance with my donation. How can I get in touch?

Thank you for your interest! To contact us with any questions you might have about giving crypto, please send us an email at cryptoinfo@thelifeyoucansave.org with the subject line, “Crypto Donation.”