Dan Romero pfp
Dan Romero
@dwr.eth
Whatโ€™s the simplest way to natively donate crypto to a charity?
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Joe Petrich ๐ŸŸช pfp
Joe Petrich ๐ŸŸช
@jpetrich
I used the giving block because they gave good receipts I could use for matching when I was at Google. It's not the simplest, but I'd recommend people making larger donations to use a DAF or set up a foundation.
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@wiselavalamp
@jpetrich how does that work come Tax season? โš–๏ธ๐Ÿ’ฐ๐Ÿ’ธ๐Ÿ’ฒ๐Ÿ’ต If at all?
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Joe Petrich ๐ŸŸช pfp
Joe Petrich ๐ŸŸช
@jpetrich
A DAF lets you take a large deduction in the year you donate to it, and then distribute to charities over the years. So you can optimize to itemize your deductions the year you donate to it (e.g. after selling your huge degen airdrop) and go back to the standard deduction in future years while donating from the DAF
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@wiselavalamp
So when you file a return do you include your wallet ID/transaction history to provide proof/verification? Thank you for explaining, this is all so interesting! 10 $degen
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Marcela Ochoa pfp
Marcela Ochoa
@marcela
Iโ€™ve done the DAF route via Fidelity to donate stock; pretty easy setup. Are you aware of any easy ways (โ€œone stop shopโ€) to set up a crypto DAF?
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Endaoment pfp
Endaoment
@endaoment
Couldnโ€™t have said it better! Check out https://dafsquatch.xyz for more DAF secrets ๐Ÿ‘€
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