CFK Africa is now able to accept cryptocurrency donations through a platform called Engiven. Engiven acts as your personal charitable giving fund, allowing you to safely send crypto or stock donations through one central location. The process is simple, and all money exchanged goes directly to CFK Africa.
For more about the platform and cryptocurrency, please visit Engiven’s FAQ page.
Why donate cryptocurrency?
Donating cryptocurrency is one of the most tax-efficient ways to support a nonprofit organization. The transaction is treated as an exchange of property, so the donation is exempt from capital gains tax and typically tax-deductible as well. Please consult your tax advisor for more information.
Why does CFK Africa accept cryptocurrency?
Over 100,000,000 people worldwide own cryptocurrency, and that number is growing every day. Many experts believe that crypto and digital currencies will only become more prominent in the future. Deciding to receive cryptocurrency donations opens CFK Africa to additional support and connects us to an innovative community that can help us solve some of the most pressing issues facing informal settlements.
In accordance with CFK’s Gift Acceptance Policy, all contributions are converted to cash immediately upon acceptance.
Which cryptocurrencies does CFK Africa accept?
CFK Africa accepts 26 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC), LINK, Orchid (OXT), DAI, Basic Attention Token (BAT), AMP, Compound (COMP), PAXG, ZRX, Balancer (BAL), Curve (CRV), MANA, Kyber Network Crystals (KNC), Maker (MKR), REN, STORJ, Synthetix Network Token (SNX), Universal Market Access (UMA), Uniswap (UNI), Yearn Finance (YFI), AAVE, Filecoin (FIL), Enjin (ENJ), Bancor Network (BNT), 1INCH, SKALE (SKL), The Graph (GRT), Looping Price Chart (LRC), Sandbox (SAND), CUBE, BOND, SUSHI, Injective Protocol (INJ), Polygon (MATIC), Livepeer (LPT), and Dogecoin (DOGE).
What is Bitcoin Tuesday?
Bitcoin Tuesday is the “biggest day of the year for cryptocurrency generosity.” It coincides with Giving Tuesday and encourages cryptocurrency owners to donate cryptocurrency to nonprofits around the world. This year, it will be held on November 30.
Does CFK Africa accept NFTs?
If you are interested in donating non-fungible tokens (NFTs) or donating proceeds from the sale of NFTs, please contact our team at firstname.lastname@example.org.