Planned Giving
Giving From Your Cryptocurrency
Make a secure, tax-smart gift of Bitcoin, Ether, or another digital asset—and see your values make an immediate impact.
How It Works
- Transfer your crypto directly from your wallet or exchange to Indian River State College Foundation.
- Because the IRS treats cryptocurrency as property, assets held more than one year generally qualify for an income-tax deduction equal to the coin's fair-market value on the day of the gift. (IRS)
- You also eliminate capital-gains tax you would otherwise owe if you sold the coins first.
- For gifts over $5,000, the IRS currently requires a qualified, independent appraisal and a completed Form 8283, Section B. Exchange “price quotes” alone are not sufficient.
Benefits to You
- Greater tax savings: deduct the full fair-market value and avoid capital-gains tax.
- Bigger impact for our mission: we receive the full value of the asset once converted.
- Simplicity: one quick online transaction—no bank wires, checks, or paperwork for you.
- Always consult your tax adviser to confirm the rules that apply in the year you give.
Next Steps
- Contact us to let us know your plans. We'll provide a contemporaneous tax receipt as soon as the transfer settles.
- Talk with your adviser about whether an appraisal or additional forms are needed for your situation.
Create a Lasting Legacy
Philanthropic planning is a powerful mechanism for meeting personal estate planning objectives while making a meaningful impact on the College’s initiatives and mission. At Indian River State College, we welcome the opportunity to work with estate planners to ensure that your clients find the charitable arrangements that best meet their needs.
Estate-planning options can achieve significant tax benefits while furthering a client’s philanthropic goals:
- Gifts through a will or trust
- Charitable trusts and gift annuities
- Donation of stocks and mutual funds
If your client has already included or intends to include Indian River State College in their will or estate plan, or if you would like someone from IRSC Institutional Advancement to contact you to discuss how to support IRSC as part of their estate planning strategy, please contact us.
