Donating Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies to the IRCFÂ is a powerful and efficient way to support our mission to improve the lives of people with cancer and their families.
The IRCF Charitable Crypto Fund is working to raise £100,000,000 by 2026 to support humanitarian projects in Ukraine, where the population, especially children, are suffering due to the ongoing war.
Crypto donors can choose to support specific initiatives like providing shelter, food, and medical assistance to those in need, or allocate their contribution toward rebuilding efforts in war-torn areas.
A crypto donation equals to…
Donating cryptocurrency directly to a registered UK charity can provide potential tax benefits, such as Gift Aid, to eligible individuals.
HMRC classifies cryptocurrency as property for tax purposes, which may make it a more tax-efficient way to give compared to other methods of donation.
If you provide an email at the time of your donation, you will automatically receive a receipt after donating, which you can use for your tax records.
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies, cryptocurrencies operate on decentralized networks based on blockchain technology. This ensures transparency, security, and immutability of transactions. Examples include Bitcoin (BTC), Ethereum (ETH), and many others.
Donating cryptocurrency can offer several benefits, such as lower transaction fees, faster transfer times, and potential tax advantages. Additionally, since crypto donations are decentralized, they can be more secure and less prone to restrictions compared to traditional banking methods.
The Foundation typically accepts a range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others. The list of accepted cryptocurrencies may vary, so it’s best to check with the Foundation for the most current information.
Crypto donations are a fast, efficient way to provide funds for infrastructure projects. These funds are converted into local currency and used to finance the rebuilding and restoration of essential infrastructure such as roads, schools, hospitals, and more. Cryptocurrency donations enable immediate access to resources, helping projects to start sooner.
To donate cryptocurrency, visit the Foundation’s donation page, select the cryptocurrency you wish to donate, and follow the instructions provided. You’ll need to send your chosen amount of cryptocurrency to the Foundation’s designated wallet address.
Generally, there is no minimum or maximum limit on cryptocurrency donations. However, the Foundation may set minimum donation amounts depending on the specific cryptocurrency due to transaction fees and network costs. It’s advisable to check the guidelines provided during the donation process.
Once donated, the cryptocurrency is usually converted into local currency to be used for funding infrastructure restoration projects. The exact process may vary depending on the Foundation’s policies and the cryptocurrency donated.
Yes, cryptocurrency donations can often be made anonymously, as they don’t require personal information to complete the transaction. However, if you require a receipt or wish to track your donation, you may need to provide some identifying information.
After making a donation, you can track your transaction on the blockchain using the transaction ID (TXID) provided by your wallet or exchange. The Foundation may also send a confirmation once your donation has been received.
In many jurisdictions, cryptocurrency donations to registered charitable organizations are tax-deductible. However, the rules can vary widely depending on where you reside. It’s recommended to consult with a tax professional to understand the specific tax implications for your donation.
When reporting a cryptocurrency donation, you’ll typically need to determine the fair market value of the cryptocurrency at the time of the donation. This amount should be reported on your tax return, similar to how you would report other charitable contributions. It’s advisable to keep detailed records of the transaction.
Donating cryptocurrency generally carries minimal legal risks, especially when donating to a reputable organization. However, it’s essential to ensure that the donation is compliant with local laws and regulations, particularly in countries with strict controls on cryptocurrency transactions.
Yes, most charitable organizations accept cryptocurrency donations from donors worldwide. However, you should be aware of any legal restrictions on cross-border cryptocurrency transfers that may apply in your country of residence.
Yes, the Foundation typically issues a receipt for your donation, which can be used for tax purposes. The receipt will usually be sent to the email address you provide during the donation process and will include details of the donation such as the amount and the transaction date.
We accept Bitcoin (BTC), Ethereum (ETH) and a growing list of other cryptocurrencies* including: Aave (AAVE), Amp (AMP), Balancer (BAL), Bancor Network Token (BNT), Basic Attention Token (BAT), Bitcoin Cash (BCH), Chainlink (LINK), Compound (COMP), Curve (CRV), Dai (DAI), Decentraland (MANA), Dogecoin (DOGE), Enjin Coin (ENJ), Fantom (FTM), Gemini Dollar (GUSD), The Graph (GRT), Injective Protocol (INJ), Kyber Network (KNC), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Maker (MKR), PAX Gold (PAXG), Polygon (MATIC), Ren (REN), Solana (SOL), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), UMA (UMA), Uniswap (UNI), Yearn.Finance (YFI), Zcash (ZEC), 0x (ZRX) and 1inch (1INCH).
*subject to change
