Donate Cryptocurrency to Morton Community Foundation
Your Bitcoin, Ethereum, or other crypto could be your most powerful charitable gift
If you've held cryptocurrency for more than a year, chances are it has grown significantly in value — and with that growth comes a real capital gains tax liability the moment you sell. By donating your appreciated crypto directly to Morton Community Foundation, you sidestep that tax entirely, claim a full fair-market-value deduction, and direct every dollar toward the causes you care about most right here in Morton.hat tax entirely, claim a full fair-market-value deduction, and direct every dollar toward the causes you care about most right here in Morton.
0%
Capital gains tax on
donated crypto
FMV
Full fair-market-value
deduction
>5×
Total tax benefit
vs. initial investment*
Two benefits in one gift
Most donors are surprised to learn that donating crypto delivers a double tax benefit — and that selling first is almost always the less efficient choice.
AVOID CAPITAL
GAINS TAX
When you donate crypto held more than one year, the IRS does not treat it as a sale. You owe zero capital gains tax on the appreciation — no matter how large the gain.
CLAIM A
FULL DEDUCTION
You receive a charitable deduction equal to the fair market value of the crypto on the date of your gift — not your original cost basis.
THE MATH
ADDS UP FAST
On a $5,000 gift with a $500 cost basis, the combined tax savings can exceed $2,600 — more than 5× the original investment — while the full $5,000 goes to work in our community.
Selling first costs you. If you sold $5,000 of crypto before donating the proceeds, you'd owe capital gains tax on the appreciation first — reducing the amount available to give and eliminating the avoidance benefit entirely. Donating directly is almost always the smarter move.
We've made donating crypto easy — powered by GivingIQ
Morton Community Foundation has partnered with GivingIQ to make crypto giving as simple and secure as possible. The entire process takes just a few minutes — no technical expertise required.
Click the button below. Our secure GivingIQ portal opens in a new window. Select your cryptocurrency and enter your gift amount.
Transfer your crypto. GivingIQ provides a unique wallet address for your transaction. Send your gift directly from your wallet — most transfers confirm within minutes to a few hours.
Receive your acknowledgment. GivingIQ generates a complete gift record with the date, currency type, and units transferred — everything your tax advisor needs for your return.
Tell us how to use it. Designate your gift to an existing fund, open a new one, or let us direct it where the need is greatest. Your crypto gift is immediately put to work.
Your tax savings become our community’s gain
Every crypto gift received by Morton Community Foundation is converted and deployed as a grant to local nonprofits, scholarship funds, and community initiatives in the Morton area. When you eliminate the capital gains tax and redirect those dollars to MCF instead of the IRS, you're not just giving generously — you're giving at maximum efficiency.
Whether you care about education, the arts, youth programs, human services, or civic needs, your crypto gift creates a permanent, named legacy. Over time, an endowed fund grows and gives year after year — long after the gift is made.
Think of it this way: the money you would have paid in capital gains tax doesn't disappear — it flows directly into Morton schools, food pantries, arts organizations, and the programs that make this community strong. That's a choice only you can make, and Morton Community Foundation is here to help you make it.
Questions? We're here to help.
Our team is happy to walk you through the process — no obligation, no technical expertise required. We also welcome conversations with your financial advisor, CPA, or attorney.
Contact us at 309-291-0434 or info@cfmorton.org
*Example assumes a $500 cost basis, $5,000 fair market value, 25% combined capital gains rate, and 30% personal income tax rate. Tax situations vary. This content is for informational purposes only and does not constitute tax or legal advice. Please consult a qualified tax professional regarding your specific circumstances.