Give Crypto Currency

We are excited to announce new ways to support our school. We can now accept online donations of crypto currencies, donor advised funds and stocks – all of which are tax-smart ways to support our mission!

We are partnering with the Giving Block to securely processes cryptocurrency on our behalf. Carmel Catholic does not hold cryptocurrency as a part of its investment portfolio. The Giving Block converts the crypto currency, and the donation is given to Carmel Catholic in the form USD.

Crypto Donation FAQ's

Q: What is Crypto Currency?

A: Crypto Currency, also known as Virtual Currency or “Crypto,” is a digital asset designed to function as an alternative to sovereign fiat currency (US Dollars, for example) whereby transactions between two parties are verified through a public, distributed ledger, also known as a blockchain. Most people think of Bitcoin and/or Ether when they hear the word “Crypto,” and while Bitcoin is the original cryptocurrency and most widely followed, there are a number of cryptocurrencies currently available.

Q: What forms of Crypto Currency are accepted?

A: The Giving Block's donation platform supports dozens of the world's leading cryptocurrencies.

As of 5/13/2024 supported cryptocurrencies include:

Bitcoin (BTC), Ethereum (ETH), USD Coin (USD), Tether (USDT), XRP (XRP), Avalanche (AVAX), Samoyedcoin (SAMO), Galxe (GAL), STEPN (GMT), Tune.FM (JAM), Chiliz (CHZ), Qredo (QRDO), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Dai (DAI), Litecoin (LTC), ChainLink (LINK), Uniswap (UNI), Bitcoin Cash (BCH), Decentraland (MANA), Filecoin (FIL), The Sandbox (SAND), ApeCoin (APE), Fantom (FTM), Axie Infinity Shards (AXS), Tezos (XTZ), Aave (AAVE), Zcash (ZEC), Maker (MKR), The Graph (GRT), Gala (GALA), Quant (QNT), Enjin Coin (ENJ), Loopring (LRC), Synthetix (SNX), Basic Attention Token (BAT), Curve Dao Token (CRV), Amp (AMP), Compound (COMP), Skale (SKL), PAX Gold (PAXG), yearn.finance (YFI), Ankr (ANKR), 0x (ZRX), Livepeer (LPT), Render Token (RNDR), Dogelon Mars (ELON), UMA (UMA), SushiSwap (SUSHI), Storj (STORJ), Ren (REN), Lido (LDO), Ethereum Name Service (ENS), Injective (INJ), Fetch.ai (FET), Orchid (OXT), API3 (API3), Mask Network (MASK), Somnium Space (CUBE), Gemini Dollar (GUSD) and more!

Q: How does donating Crypto Currency through the Giving Block work?

A: You can donate quickly and easily through the giving form.

1 - Choose which currency you would like to donate and how much.

2 - Enter your contact information, or you can choose to give anonymously.

3 - Confirm email address for tax receipt.

4 - Scan the QR code presented in your crypto app, or use the url in your online crypto account.

5 - The Giving Block converts the crypto to USD, and sends the donation in USD to Carmel Catholic.

Q: What are the tax benefits of donating crypto?

A: Donating crypto is a highly tax-efficient form of giving. Crypto is treated as a property by the IRS for tax purposes, meaning that donors typically don’t have to pay capital gains taxes—which can be as high as 37%—on their donated cryptocurrency. Donors can also write-off the donation as a charitable contribution. The result is often significant tax savings.

Q: Is it legal for Carmel Catholic to accept donations of Crypto Currency?

A: Yes. It is lawful for a nonprofit to accept a donation in the form of a cryptocurrency. On March 2014, the United States Internal Revenue Service (IRS) ruled that Bitcoin is treated as property for tax purposes (IRS Notice 2014-21).