I attempted to donate my crypto to charity. Right here’s what I realized.
Published:
Crypto had a surprisingly strong run this year — until it hit some nasty turbulence in November. Still, if you’re holding appreciated bitcoin BTCUSD, ether ETHUSD, Solana SOLUSD or other coins, think about doing something meaningful with them through charitable giving.
I’ve been using a donor-advised fund, or DAF, at Fidelity Charitable for about 20 years, and it’s become my favorite tool for strategic generosity. Schwab and Vanguard offer similar programs, and more charities now accept digital assets directly. But, even for seasoned investors, the rules around donating crypto can still be confusing — and a few small mistakes can cost cause angina at tax time.