Dementia Society of America Begins Accepting Cryptocurrency Donations: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH)
In 2016, The Dementia Society (DSA) began investing in Bitcoin, and accepting Bitcoin donations. They have long understood the value of cryptocurrencies like Bitcoin and have decided to partner with The Giving Block to expand their capabilities and engage the community, now accepting Ethereum, Litecoin and Bitcoin Cash, in addition to Bitcoin. Their plan is to HODL (hold) at least 51% of all donated cryptocurrencies for a period of at least 6 months, whereas the remaining portion may or may not be converted to serve their more immediate needs.
You can visit their dedicated cryptocurrency donation page here.
With these capabilities, DSA, a 501(c)(3) nonprofit organization, allows donors in the cryptocurrency community to change lives, or honor the memory and legacy of a loved one, in a convenient and tax efficient way.
Please reach out to info@dementiasociety.org if your blockchain or crypto organization is interested in partnering.
Why Crypto Donations?
Innovation has always been at the heart of the Dementia Society of America® (DSA) mission, from easy-to-use cognitive products and services to brain games, robotic pets and personalized music delivery. DSA is at the forefront with its Dementia SMART® Recognition Awards, and other technologies that enhance the lives of those living with Dementia.
Cryptocurrencies and blockchain will continue to yield use cases for those with Dementia. From better ways to track those who leave their homes to transaction fraud protection and identity security for people living with Dementia. Whatever is on the horizon, DSA and its founder and President, Kevin Jameson, strongly believe in investing in the future.
For donors in the United States, the IRS has classified Bitcoin as property for tax purposes. This means that when you donate Bitcoin or other cryptocurrencies to a 501(c)(3) nonprofit like the Dementia Society, you don’t pay capital gains tax and can write off the donation.
As Kevin Jameson recently stated,
“We want the crypto community to know that we support innovative mediums of exchange. More than 2,000 years ago, it was salt and gold — as we were worth our weight in it — today, its bits and bytes, and since our origins, we’ve understood that there is always lasting value to human kindness, no matter the currency.”
About Dementia Society of America:
Pennsylvania-based Dementia Society of America (DSA) is the nation’s leading volunteer-driven all-Dementias awareness organization. DSA provides an information hotline (1–800-DEMENTIA), many online resources, and an easy-to-use, web based locator, which can assist families and individuals in finding valuable support near to them. DSA underwrites through its Ginny Gives® Program, non-medical activities focused on: music and singing; dance and movement; the visual arts, touch, and sensory stimulation. The Dementia SMART Award Program provides recognition to those who serve the dementia community through meaningful innovation. You can learn more about the Society at www.dementiasociety.org.
About The Giving Block:
The Giving Block equips nonprofits to fundraise cryptocurrencies like Bitcoin, providing education, training and a technical solution. For nonprofits who choose to go the extra mile, they advise on crypto fundraising strategies, and/or pair nonprofits up with partner crypto organizations, elevating fundraising and awareness outcomes. Ultimately, they help nonprofits build a crypto fundraising program, and a brand in the cryptocurrency industry. Visit their website www.TheGivingBlock.com to learn more.
