Crypto

When you make a donation to the Count Basie Center for the Arts, you’re making an investment. You’re acting as an advocate for the arts. You are preserving this historic landmark. You are assuring the arts and arts education remain a vibrant part of our lives in central New Jersey.

And right now, your gift will help the Basie climb out of the hole left by the COVID-19 pandemic, as we prepare to continue serving our mission despite 7+ months of closure and a future of abbreviated capacities.

By donating your Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Z-cash, or Gemini Dollars (GUSD) to the Basie Center, you will invest in our mission, and our recovery. (Looking to donate XRP? Send us a message and we’ll show you how.)

Please note that donations made through this link support the Count Basie Center for the Arts’ entire mission and will not be designated to a specific campaign or location. Your gift will be used where it is needed most.

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 on your taxes.

Additionally, the CARES Act now provides new benefits for charitable giving in 2020 that impact people who take the standard deduction as well as those who itemize. Some of the changes include the following benefits:

  1. Donors who take the standard deduction are allowed a tax benefit for donations up to $300.
  2. For donors who itemize, the income limit has been eliminated for direct gifts of cash allowing donors to give up to 100% of their adjusted gross income to a qualified charitable organization like the Count Basie Center for the Arts.
  3. Donors exceeding the 2020 limitation may carry the deduction forward for five years.
  4. The corporate restriction on charitable gifts has been raised to 25% of taxable income

Please contact your tax or financial advisor for more information.