Cryptocurrency

Why Donate Cryptocurrency to the Great Lakes Center for the Arts? 

The performing arts are a transformative power, linking communities, spreading joy, and creating connections between neighbors, near and far! 

Donating cryptocurrency supports the Center’s many inspiring performances and K-12 educational programs—all of which provide greater access to exceptional performing arts for those who live, work, or play in Northern Michigan. 

From a tax standpoint, many find it more cost-effective to donate cryptocurrency itself rather than converting cryptocurrency to dollars and then donating the cash. Donating cryptocurrency typically means a donor avoids the capital gains tax that might otherwise have been incurred on the appreciated amount and can deduct the fair market value of the crypto donation, similar to stock donations. Donating crypto directly can mean a larger donation as well as a higher tax deduction— sometimes a difference of more than 30 percent! Please check with your tax advisor for further details. 

More information on the advantages of donating cryptocurrency can be viewed on our cryptocurrency partner’s site (The Giving Block) at www.thegivingblock.com/faq.  

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For more information or questions about how you can make an impact, please contact: