Susan G. Komen Foundation now accepts BTC, ETH, SHIB and other cryptocurrencies for donations

Breast Cancer Foundation of America – Susan G. Komen (also known as Komen) – has allowed those who are willing to donate in digital currency instead of just fiat currency. The partner in the initiative is donation platform – The Giving Block.

Susan G. Komen announced the new additions on her Twitter page. The organization hopes that this new form of donation will provide “more ways to fight breast cancer”.

The Giving Block – The Giving Block – disclosure that the accepted cryptocurrencies are over 50. Some of the most popular examples include Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and Shiba Inu (SHIB).

Interestingly, people can also donate using some of the most popular Metaverse tokens – The Sandbox (SAND) and Decentraland (MANA).

The Giving Block notes that under current US law, giving away digital assets is more tax-efficient and can “save you money.”

“The IRS classifies cryptocurrency as an asset for tax purposes, which means it is often the most tax-efficient way to support your favorite target,” the company explains.

Not so long ago, another charity – Nicklaus Children’s Hospital Foundation – announced that they accept cryptocurrency donations. Nonprofit organization focused on providing better healthcare for children accepting Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), etc.

Last month, the largest donor in the United States – Fidelity Charity – disclosure they have accepted over $270 million in digital assets since the beginning of 2021. The previous record was set in 2017, when the institution received $69 million in crypto.


Categorized as news

By Nguyen Manh Cuong

Nguyen Manh Cuong is the author and founder of the nguyendiep blog. With over 14 years of experience in Online Marketing, he now runs a number of successful websites, and occasionally shares his experience & knowledge on this blog.

Leave a comment

Your email address will not be published. Required fields are marked *