What is Crypto?

Cryptocurrency, or “crypto,” is a form of digital currency that uses encryption and blockchain technology to enable secure, decentralized transactions. Popular cryptocurrencies like Bitcoin and Ethereum can be held as investments, just like stocks, and donated to nonprofits — often with significant tax advantages for the donor.

When you contribute cryptocurrency to your Donor Advised Fund, you transfer the digital asset directly to your DAF custodian rather than selling it yourself. Once received, the custodian converts your crypto into cash and credits it to your fund, allowing you to recommend grants to nonprofits like the Florida Native Plant Society at your convenience.

What is a DAF?

A Donor Advised Fund (DAF) is a simple, flexible, and tax-efficient way to support your favorite charitable causes. Think of it as a dedicated charitable investment account, created just for giving. You can support multiple causes, make recurring gifts, or donate anonymously.

You open a DAF through a sponsoring organization (like Fidelity Charitable, Schwab Charitable, or a community foundation), make a donation into the account, and receive an immediate tax deduction. The funds are managed by a DAF custodian, and the donor can recommend grants to their preferred nonprofit organizations. Donors can contribute to the fund over time and recommend grants to charities at their discretion, providing flexibility in your giving strategy.

Once the money is in the DAF, it’s invested and can grow tax-free while you take your time deciding which charities to support.

Start giving today and see the impact of your generosity grow!

Benefits

How to Give FNPS Crypto Today

With a Donor Advised Fund, you can turn a single tax-smart gift into a lifetime of giving — allowing you to support the causes you love, on your timeline.

FAQ - Giving Crypto With a DAF

Q: What exactly is a Donor Advised Fund?
A Donor Advised Fund (DAF) is a giving account established at a public charity that lets you make a tax-deductible donation, grow those funds tax-free, and recommend grants to nonprofits over time.

Q: What are the tax benefits of donating through a DAF?
When you contribute to a DAF, you typically receive an immediate tax deduction for the full amount. If you donate appreciated assets like stocks or cryptocurrency, you may also avoid paying capital gains tax on their growth.

Q: Why should I donate crypto through a DAF instead of giving directly?
DAFs handle the technical side of receiving and converting cryptocurrency, making it easy for you to secure tax benefits while simplifying the gift for both you and the nonprofit.

Q: Can I recommend multiple charities after donating crypto to my DAF?
Yes! Once your crypto is converted and in your DAF account, you can recommend grants to as many qualified nonprofits as you like, including FNPS.

Q: Can I recommend multiple charities after donating crypto to my DAF?
Yes — you may be eligible for a charitable deduction based on the full fair market value of your cryptocurrency at the time of transfer, provided you meet IRS guidelines.

Q: Do I have to choose the nonprofits right away?
No — that’s one of the biggest advantages of a DAF! You can donate today, claim the tax deduction now, and take your time deciding which nonprofits to support.

Q: Can I donate assets other than cash?
Yes! Many DAF providers accept cash, stocks, mutual funds, cryptocurrency, and other non-cash assets — allowing you to give in the way that makes the most financial sense for you.

Q: How do I choose a DAF provider?
You can open a DAF account with many financial institutions (like the National Philanthropic Trust, Fidelity Charitable, Schwab Charitable, Vanguard Charitable) or through community foundations. Look for one that fits your giving goals and investment preferences.

Q: Can I support multiple charities from one DAF?
Absolutely! A single DAF account allows you to recommend grants to as many qualified nonprofits as you like, all from one convenient place.

Q: Is my donation anonymous?
If you wish, yes. Most DAF providers let you choose whether to share your name with the nonprofit or to make your gift anonymously.

Q: How will my DAF donation support FNPS?
Your DAF donation directly fuels FNPS's mission to protect native plants and natural habitats through conservation, education, and advocacy. Your gift helps fund impactful programs, expand outreach, and safeguard the future of the places and species you care about — making your generosity last well beyond today.

Q: Are there fees associated with DAF donations?

DAFpay transactions have a processing fee of 4.99%. However, you have the option to cover the fees by bumping up the total amount of your distribution to FNPS. Please note: Donor-covered fees will round up to the nearest dollar when attached to a DAFpay transaction. This is because the majority of DAF Distributors will not honor distribution requests that aren't a whole number. 

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Disclaimer:  Estate and financial planning may implicate both state and federal laws, and estate planning needs will differ based on personal circumstance and applicable law. The Florida Native Plant Society is not a law firm and its services are not substitutes for an attorney’s advice. The information here is provided for educational purposes only and is not intended to provide, and should not be construed as providing legal or tax advice. This information is general in nature and is not intended to serve as the primary or sole basis for investment or tax-planning decisions.