How Donating Crypto Can Help You Save on Taxes - Ep.94

Connie Gallippi, the founder and executive director for BitGive, and Joe Waltman, the executive director of GiveCrypto.org, discuss charitable giving in crypto -- what problems in philanthropy it solves, what level of transparency they can achieve and how they measure impact. Connie explains why she has chosen to work with existing non-profits and Joe, why GiveCrypto is working on its own initiatives, and why its working thesis is that crypto will be especially helpful in places with broken money or broken government. They also dive into the tax implications of donating crypto directly -- namely that donors can offset taxes on gains, particularly by donating their oldest coins before the end of the calendar year. Connie talks about how BitGive needs to ensure it doesn't hold or convert money in order to avoid money transmitter regulations, and Joe, how GiveCrypto has to ensure it's not giving money to bad people, such as money launderers or people or entities under economic sanctions. Plus, the two discuss why a space that so often espouses the ideals of democratization of finance gives so little and what it will take for it to donate more.

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Episode links:

Bitgive: https://www.bitgivefoundation.org

GiveTrack: https://www.givetrack.org

BitGive Twitter: https://twitter.com/BitGiveOrg

GiveCrypto: https://www.bitgivefoundation.org

GiveCrypto Twitter - https://twitter.com/givecrypto?lang=en

BitGive's five-year report: https://d1i1964a5wuyjt.cloudfront.net/2018/11/5-year-deck-021118_compressed-1.pdf

Joe's work trial for GiveCrypto: https://medium.com/givecrypto/givecrypto-work-trial-a-new-financial-system-a-new-opportunity-7f564b65aff5

GiveCrypto's October report: https://medium.com/givecrypto/givecryptos-october-monthly-report-5c191bc03b56

Unconfirmed episode with Robert Opp of the UN World Food Programme: http://unconfirmed.libsyn.com/the-un-world-food-programmes-blockchain-based-food-vouchers-for-syrian-refugees-with-robert-opp-ep017

Episode with Elizabeth Rossiello of Bitpesa: http://unchainedpodcast.co/bitpesas-elizabeth-rossiello-on-necker-island