The Giving Block, the leading crypto philanthropy platform, has launched Private Client Services, the first premium cryptocurrency donation experience specifically tailored to the needs of high-net worth individuals, institutions and advisors. High-value donors now have access to a suite of services including white-glove donation execution as well as a network of top crypto tax experts, accountants and appraisers. Private Client Services was developed in partnership with TaxBit, Friedman LLP, and Ren in response to rising demand from individuals and institutions aiming to donate crypto to reduce their tax exposure in the face of increasing regulatory uncertainty.
The new service adds to The Giving Block’s popular crypto donation offerings including the Crypto Adoption Fund and Cause Funds which allow donors to support multiple nonprofits in a single donation, and the ability for donors to make anonymous cryptocurrency donations to charities to preserve personal privacy. Donors can now complete large cryptocurrency donations in a private, secure and compliant manner, including illiquid small-cap and mid-cap cryptocurrencies that are traditionally hard to donate. This gives individuals and institutions new opportunities to unlock significant tax savings by reducing their capital gains burden, and likely increasing their deductions.
“Historically, making a major crypto donation was a massive undertaking, requiring hours of research and a carousel of platforms.” said Pat Duffy, Co-Founder of The Giving Block. “Our new Private Client Services offering streamlines this process into a first-of-its-kind white-glove donation experience that allows high-value donors to quickly and securely give large gifts to their favorite charities while reducing their tax bill.”
The Giving Block, who is on pace to process over $100,000,000 in crypto donations this year, has been helping tens of thousands of investors make tax-deductible cryptocurrency donations to charities, universities, places of worship and other nonprofit organizations since 2018. In that time the cryptocurrency market cap has grown by nearly 1,700%, making it a desirable appreciated asset for investors to give to 501(c)(3) nonprofits. This has attracted the attention of institutional investors, who traditionally donate stocks, now pivoting to donate their more appreciated crypto holdings which present greater tax-efficiency.
About The Giving Block
Founded in 2018, The Giving Block is turning Crypto Philanthropy into one of the greatest forces for good on the planet by making cryptocurrency fundraising easy for nonprofits while empowering donors to give Bitcoin and other cryptocurrencies to their favorite causes. The Giving Block currently enables more than 700 mission-driven organizations, charities, universities, and faith-based organizations of all sizes to accept cryptocurrency donations and helps them maximize their fundraising outcomes with strategic consulting and personal support. Learn more and discover why cryptocurrency is the fastest growing donation method for Millennial and Gen-Z donors, at TheGivingBlock.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211215005359/en/
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Media:
Steven Wright-Mark
thegivingblock@sparkpr.com
