We accept cryptocurrency contributions to all OCCF funds. Donating a gift of cryptocurrency is a simple and tax-efficient way to make a difference in your community, impacting the causes you care about most.
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Make an Impact and Change Lives by Donating Cryptocurrency
What are the Financial Benefits?
The IRS classifies cryptocurrencies as property, so gifts of cryptocurrency to 501 (c)3 charities like the Orange County Community Foundation are tax deductible. Please contact your tax or financial advisor for more information.
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Cryptocurrency FAQs
What is cryptocurrency?
Cryptocurrency, sometimes called crypto, is a digital or virtual currency that uses cryptography to secure transactions (making it nearly impossible to counterfeit or double-spend). Cryptocurrencies don’t have a central issuing or regulating authority, rendering them theoretically immune to government interference or manipulation.
How does cryptocurrency work?
Cryptocurrency is not a tangible thing. What you own is a key that allows you to move a record or a unit of measure from one person to another without a trusted third party.
Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger that records transactions in code and is enforced by a disparate network of computers. Everyone who uses a cryptocurrency has their own copy of this ledger to create a unified transaction record. Software logs each new transaction and every copy of the blockchain is updated simultaneously with the new information to keep all records identical.
Units of cryptocurrency are created through a process called mining, which involves using sophisticated computer hardware to solve a complex computational math problem that generates the release of new currency into circulation. Cryptocurrency can also be purchased from brokers or online exchanges.
How do I get cryptocurrency?
The first step in buying crypto consists of choosing a crypto trading service or venue. Popular services include cyrpto exchanges, payment services and brokerages. Crypto exchanges are the most convenient option because they offer a breath of currencies and features for trading. These exchanges require you have a “wallet”. If you select a brokerage, you must connect their exchange with a payment option. Once all set, you can place an order. OCCF has partnered with The Giving Block service to process gifts of crypto. They use the Gemini exchange to process orders and sales transactions.
Which cryptocurrencies do you accept?
Bitcoin and Ethereum are two of the most popular versions of cryptocurrency, but there are more than 5,000 different cryptocurrencies in circulation. Bitcoin is the most widely traded and Ethereum the world’s second-largest cryptocurrency.
We accept all currencies/tokens supported by the Giving Block. This currently includes Aave (AAVE), Amp (AMP), Ankr (ANKR), ApeCoin (APE), API3 (API3), Avalanche (AVAX), Axie Infinity Shards (AXS), Basic Attention Token (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), ChainLink (LINK), Chiliz (CHZ), Compound (COMP), Curve Dao Token (CRV), Dai (DAI), Decentraland (MANA), Dogecoin (DOGE), Dogelon Mars (ELON), Enjin Coin (ENJ), Ethereum (ETH), Ethereum Name Service (ENS), Fantom (FTM), Fetch.ai (FET), Filecoin (FIL), Gala (GALA), Galxe (GAL), Gemini Dollar (GUSD), Injective (INJ), Lido (LDO), Liquity (LQTY), Liquity USD (LUSD), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Maker (MKR), Maple Finance (MPL), Mask Network (MASK), Merit Circle (MC), Metis (METIS), Orchid (OXT), PAX Gold (PAXG), Polkadot (DOT), Polygon (MATIC), Qredo (QRDO), Quant (QNT), Rally (RLY), Ren (REN), Render Token (RNDR), Samoyedcoin (SAMO), Shiba Inu (SHIB), Skale (SKL), Solana (SOL), Somnium Space (CUBE), STEPN (GMT), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), Tether (USDT), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), Tune.FM (JAM), UMA (UMA), Uniswap (UNI), USD Coin (USD), yearn.finance (YFI), Zcash (ZEC), 0x (ZRX)
Can I donate cryptocurrency anonymously?
Donors are required to provide their name and contact information so the Community Foundation can send a contribution acknowledgement letter and ensure your donation is transferred to the correct fund. This letter is needed for your tax deduction.
Will I get a receipt with my donation?
Yes, after the transaction is processed, you will receive an electronic contribution acknowledgement letter to the email provided in the donation.