B Charitable Lays Foundation for IRS-Backed Crypto Donations With Simplicity in Mind PlatoBlockchain Data Intelligence. Vertical Search. Ai.

B Charitable Lays Foundation for IRS-Backed Crypto Donations With Simplicity in Mind

Time Stamp: March 4, 2022 6:26 AM

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  • Launched in 2019, B Charitable is a platform that allows for patrons to donate crypto as ‘charitable contributions’ recognized by the IRS.
  • Most P2P crowdfunding platforms that allow donations are not considered to be ‘charitable contributions’ for IRS-reporting purposes.
  • B Charitable just announced its partnership with YouTube influencer Andrei Jikh.

B Charitable, one of the industry’s few charitable giving platforms that harnesses the tax advantage of a charitable contribution and combines that with smart technology, crowdfunding campaigns, low fees, performance tracking, and tax-free investment growth, helps give individuals an opportunity to proactively donate appreciated assets.

Its latest development adds the ability for users to make donations in stocks or crypto by simply clicking the “Donate Crypto” on their dashboard.

With most P2P crowdfunding platforms, funds received are not considered to be ‘charitable contributions’ for IRS-reporting purposes – even if that person intends to use those fu …

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