Court Watch NOLA fights for transparency, accountability, and transformative justice in the New Orleans criminal courts and beyond.
Why donate Cryptocurrency to Court Watch NOLA?
Your generous support will ensure more community court watchers are actively monitoring our courts. Court Watch NOLA educates and trains hundreds of local volunteers each year to monitor prosecutors, police, judges, public defenders, the sheriff, private defense attorneys, and the clerk of court. Court Watch NOLA’s reports have been featured in international and national publications and the sweeping reform its campaigns have achieved have changed the criminal court landscape in New Orleans and beyond. We dream that our work will lead to safer, vibrant, and more equitable communities with liberation and justice for all.
If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq
Why Donate Crypto Directly? Taxes!
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)3 charities receive the same tax treatment as stocks. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it all on your taxes. There’s a reason high net worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501c3 nonprofit is more tax efficient and can save you money. Please contact your tax or financial advisor for more information.
The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support us. 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. The difference? Sometimes more than 30%.
If you provide an email, you will automatically receive a tax receipt after donating.