Support our work with a cryptocurrency donation

Thank you for supporting our mission to accelerate the transition to renewable energy and a modern grid! You generous support allows us to continue our work making clean local energy accessible now — bringing communities unparalleled economic, environmental, and resilience benefits.

Donate by cryptocurrency

If you provide an email, you will automatically receive a tax receipt after donating.

Why donate by cryptocurrency?

  • Crypto donations to support clean local energy will help ensure that energy used for crypto is increasingly clean — essentially like local solar offsets for energy-related emissions.
  • Clean local energy like rooftop solar is decentralized energy and similar to decentralized finance — essentially the energy equivalent of DeFi.
  • The proliferation of clean local energy provides resilience that is similar to the unparalleled integrity of a robust blockchain.

Save on your taxes by donating crypto

There’s a reason high-net-worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501c(3) 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.

  • Just like donations of appreciated property like stocks, donations of appreciated cryptocurrencies that have been held for at least a year can be deducted at full fair market value without ever realizing the gain, up to 30% of adjusted gross income (AGI) with a five-year carryover.
  • While appreciated assets held less than a year avoid any capital gains taxes, they can only be deducted at cost basis, up to a 50% AGI with five-year carryover.

This information is current as of 2021; please consult a tax expert for current and definitive details.

The 501(c)3 nonprofit Tax ID for the Clean Coalition is 14-1901877.

FAQ

How do I donate Bitcoin and other cryptocurrencies?

Donating cryptocurrency to the Clean Coalition is easy. Use the crypto donation widget above, select your cryptocurrency type, complete the information, receive the wallet address, and make your donation.

Where do I get the wallet address to complete my donation?

You can access all of our wallet addresses by using the crypto donation widget above. After you enter the type of cryptocurrency and reach the third step, you will receive a unique wallet address that can be used to complete your donation.

Will I get a receipt with my donation?

If you provide your email address, you will automatically receive a tax receipt after donating.

Which cryptocurrencies do you accept?

We accept many cryptocurrencies, including the following:

Transitioning to renewable energy is critical to fighting climate change, and maximizing local renewable sources makes communities resilient. While our Santa Barbara region is incredibly special, the grid is alarmingly vulnerable to natural disasters. Our family foundation has supported the Clean Coalition for the past decade. The organization's leadership, vision, and initiative has demonstrated that clean energy innovations can benefit our local region and also serve as a model for communities across the country.

Wendy Schmidt
President and Co-Founder of The Schmidt Family Foundation

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