Crypto philanthropy is a powerful and efficient way to support our mission in this new era of digital finance and commerce.
- Crypto FAQs
Support the future of military families by donating cryptocurrency today. The emerging space of decentralized web protocols, blockchains, cryptocurrencies, and beyond can be a powerful force in building strong, stable, and secure military families. The crypto community can truly strengthen lives.
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Why Donate Bitcoin and Other Cryptocurrenciesto Operation Homefront
Digital currency and financial technology are transforming our society. For America’s military families, cryptocurrency donations can make a significant difference. We try to offer a variety of ways for prospective donors to support our mission. Interest in the crypto ecosystem is increasing. We see crypto in philanthropy as an exciting way for donors to support our military families.
Support Military Families
For over twenty years, we have provided short and long-term stability to military families through programs that offer relief, resiliency, and recurring family support. Throughout the years these programs help military families become strong, stable, and secure.
Crypto Donation FAQs
Q: What are the benefits of donating Bitcoin and other cryptocurrencies to Operation Homefront?
A: Donating Bitcoin and other cryptocurrencies can be a tax-efficient way to support your favorite non-profit. The IRS classifies cryptocurrency as property for tax purposes, which may allow you to decrease your tax obligations while making a gift to a nonprofit charity.
When donating crypto, you receive a tax deduction for the crypto’s fair market value at the donation time. By donating crypto directly, you may be able to avoid the capital gains tax you would have incurred if you had sold the crypto and then made a cash donation. This ultimately means you may be able to donate more, as well as deduct more from your taxes. The capital gains tax will vary based on several factors. To learn more, consult a tax professional.
Q: What will happen to my cryptocurrency once it is donated?
A: Your cryptocurrency gift will convert to U.S. dollars so it can be put to work toward our mission to build strong, stable, and secure military families so they can thrive—not simply struggle to get by—in the communities that they’ve worked so hard to protect.
Q: Can I donate crypto to this non-profit anonymously?
A: Yes. However, providing contact information enables us to provide tax receipts. For tax receipts, at minimum, we require your email address.
Q: Is donating cryptocurrency tax-deductible?
A: Yes. The IRS classifies cryptocurrency donations as property. It is a non-taxable event when donated, per guidance from the IRS. Your contribution is tax-deductible to the full extent allowed by law. To learn more, consult a tax professional
Q: What is Operation Homefront’s tax ID number?
A: TheOperation HomefrontFederal Tax ID number (EIN) is 32-0033325.Operation Homefrontis a 501(c)(3) tax-exempt nonprofit organization.
Q: Will I receive a tax receipt for my cryptocurrency donation?
A: Yes. When you donate using our form, you will enter and submit your email address to receive a tax receipt.
Q: Are my Bitcoin or cryptocurrency donations refundable?
A: A crypto donation is non-refundable. Therefore, always check the accuracy and credibility of any address you send cryptocurrency to as a donation. This is the best practice for any Bitcoin or cryptocurrency transaction.
Q: Which digital currency does Operation Homefront accept?
A: Operation Homefrontaccepts several cryptocurrencies through The Giving Block portal at the top of this page. For a full list of eligible cryptocurrencies, please visit our submission form at the top of this webpage.
Q: Will you accept more cryptocurrencies in the future?
A: Operation Homefrontis open to accepting any cryptocurrency that can be converted into U.S. dollars.As we continue to expand, we’ll add the cryptocurrencies we’re accepting tothe form above.
Q: Can I donate cryptocurrencies to Operation Homefront from outside the United States?
A: Cryptocurrencies are a global payment network. Therefore by accepting cryptocurrencies,Operation Homefrontis enabled to accept Bitcoin and crypto donations from anywhere in the world.
Q: What is a non-fungible token (NFT), and does Operation Homefront accept NFT donations?
A: An NFT is a digital asset stored in a blockchainthat represents real-world objects like art, music, in-game items, and videos. NFTs are purchased and sold online, frequently with cryptocurrency.
Supporters can donate the proceeds from the sale of an NFT toOperation Homefront. If the proceeds from your sale are received in cryptocurrency, you can donate the crypto through our form at the top of this webpage by converting it to one of the cryptocurrencies that we accept. Including us as recipients of benefits in your smart contract makes this even easier!
Even the Smallest Contribution Can Make a Difference
Arizona
Air National Guardsman Struggles After Stroke
Your donation today is urgently needed to help keep this military family in their home. After passing out during drill due to what doctors believe was a stroke, this Air National Guardsman and single mom of four was put on medical leave, resulting in lost income. Because doctors haven't reached a diagnosis, a VA claim cannot be filed, and the Guardsman continues to get further behind on her mortgage. Your generosity today will make a huge difference in the lives of this family.
$1,546 still needed
$4,167
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California
Finance Office Delay Prevents Receipt of Benefits
Backlogs in processing paperwork at the Defense finance office has delayed the office from creating the retirement account for this Navy sailor. It has been several months, and the delay is now creating a situation where a smooth transition has become more challenging due to the financial strain from being unable to receive her benefits, benefits she earned in a career of service to our country. We are asking for a gift to help with housing and utility expenses to give her the stability she needs at this critical time.
$1,902 still needed
$3,172
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Arizona
Job Loss Leads to Financial Insecurity for Army Family
Between this veteran losing work due to covid, and his spouse getting laid off from her teaching job, this Army family has had a difficult time making their mortgage and auto payments on time. Although the veteran has found new work, they are still having a difficult time getting up to date on payments. With a baby on the way, it is important we support this family as they work toward stability. Please help us provide relief with recent mortgage and auto payments.
$2,374 still needed
$6,272
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