New Solutions For Helping ALICE
Out of the 35 million households in New Jersey, nearly 1.3 million cannot make ends meet. This includes families in poverty and ALICE. ALICE households earn above the poverty level but not enough to afford the basics. We are embracing innovative approaches as we help these families rise in their journey toward financial stability.
Accepting cryptocurrencies is one step we’re taking as we amplify the voices of these essential workers. Together, we can improve life for ALICE.
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. This makes Bitcoin and other cryptocurrency donations one of the most tax efficient ways to support United Way. If you want to learn more about how donating crypto can lower your taxes,* check out thegivingblock.com/faq.
You can donate anonymously. However, you will not receive a tax receipt unless you provide an email address. Donation receipts will be sent via email from firstname.lastname@example.org as soon as the transaction is confirmed on the blockchain.
*Disclaimer: This page is for informational purposes only. It does not contain financial or investment advice. Please consult a certified tax professional in your locality to determine if your donation is tax deductible.