Susan G. Komen Foundation Now Accepts Donations in Cryptocurrencies

Susan G. Komen Foundation Now Accepts Donations in Cryptocurrencies

The Susan G. Komen Foundation now accepts donations in BTC, ETH, SHIB, and many other cryptocurrencies.

The charitable foundation suggested that cryptocurrency donations could give “additional avenues to fight breast cancer and save lives.”

Susan G. Komen for the Cure (commonly known as Komen) is an American breast cancer foundation that makes it possible for people to donate digital assets instead of fiat cash. The Giving Block, a donation platform, is a partner in the program.

Susan G. Komen for the Cure revealed the latest additions on Twitter. This new sort of gift, according to the group, will permit “additional avenues to combat breast cancer and save lives.”

‘Breaking news,’ according to a Twitter message.

Susan G. Komen now accepts #cryptocurrency as a form of donation thanks to a partnership with @TheGivingBlock. You can donate #Bitcoin, #Ethereum, and other cryptocurrencies. This will provide us with more options for combating #breastcancer and saving lives.

The Giving Block, a subsidiary of the entity, revealed that more than 50 coins are accepted. Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and Shiba Inu are some of the most popular examples among the coins.

People can also donate using some of the most popular Metaverse coins, such as The Sandbox (SAND) and Decentraland (DCN) (MANA).

According to current US law, giving away digital assets is more tax effective and could “save you money,” according to The Giving Block.

“The IRS defines cryptocurrencies as property for tax purposes,” the business noted, “which means it’s usually the most tax-efficient option to support your favorite cause.”

Another charity, the Nicklaus Children’s Hospital Foundation, just announced that it will take cryptocurrency donations. The non-profit organization dedicated to improving children’s healthcare has accepted Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), and other cryptocurrencies.

Fidelity Charitable, the largest grantmaker in the United States, announced last month that it had taken more than $270 million in digital assets since the start of 2021. The previous high was $69 million in cryptocurrency received by the organization in 2017.

The Author

Samuel Adeshina

Samuel is a financial reporter whose interests include blockchain, market, business, insurance, and Crypto to provide relevant information to all interested.