Investors’ crypto donations to charity skyrocket. Why it can be ‘hugely beneficial,’ expert says – NBC10 Philadelphia
- There’s soaring interest in donating cryptocurrency to charity as digital currency investors seek to maximize their tax break and impact.
- For 2024, Fidelity Charitable has received $688 million in crypto donations through Nov. 19. That’s up from $49 million in all of 2023.
- If you itemize deductions, it’s typically better to donate profitable assets like crypto or stock, rather than cash, experts say.
There’s soaring interest in donating cryptocurrency to charity as digital currency investors seek to maximize their tax break and impact.
“A lot of folks have begun to realize that crypto giving is hugely beneficial,” said Kyle Casserino, vice president and charitable planning consultant for Fidelity Charitable, a…
