Thanks to Endaoment’s smart hack, you may donate a portion of your crypto gains to charity and wind up with more profits than usual. Here is how. (Via CointelegraphZN)
charities registered with U.S. authorities. This means that while many local charities outside the U.S. would not be valid recipients of donations, various international causes can still be targeted as many of the charities act globally.“We‘ve done a lot of work in Sub-Saharan Africa and Afghan refugee relief, and donations to
Though Heeger notes that he “cannot solicit services to people outside of the U.S.,” people outside the United States have used the Endaoment software to make crypto donations for which they receive U.S. tax receipts just as any American would. Success in getting tax deductions in such international cases is far from guaranteed, and Heeger notes that not all countries issue tax deductions on the basis of charitable giving.
Heeger sees many opportunities for future expansion including to charities in other countries which he believes would upgrade the number of options from 2.5 to over 7 million charitable organizations. It is clear that his mind has never left Silicon Valley, as he characterizes the project as a “minimum viable product that supports straightforward crypto giving of any crypto asset to any U.S. nonprofit as dollars.
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