Cryptocurrency, DAF & Stock Gifts
Minneapolis Heart Institute Foundation (MHIF) is an independent, nonprofit research organization that partners with the cardiologists from Allina Health Minneapolis Heart Institute to lead groundbreaking clinical research and education focused on the prevention, diagnosis and treatment of heart and vascular disease. Your generosity will make a difference in the lives of patients everywhere, thank you!
How can I donate cryptocurrency?
Donating crypto is safe, easy, and fast. Using the donation form on this page, making a charitable gift is a quick three-step process:
- Select your preferred crypto and enter your gift amount
- Type in your email and basic info (or choose to give anonymously)
- Make your gift!
Upon making a donation, you can elect to receive an automatically generated tax receipt that will be sent to the email address you provide after a certain amount of confirmations of the transaction on the blockchain. This confirmation of your donation will help you close the loop when calculating your taxes.
Crypto charitable donations are processed quickly and safely with The Giving Block and Gemini Trust Exchange.
Why does MHIF accept cryptocurrency?
Crypto Philanthropy is a new and thrilling fundraising avenue for nonprofit organizations like Minneapolis Heart Institute Foundation. With more than 300 million crypto users worldwide and the value of many cryptocurrencies rising, the crypto community is in a position to make a wide-reaching impact through philanthropy. Donating crypto is also one of the most tax-efficient ways for individuals to support causes that matter to them. We are excited about what the future holds in the crypto and blockchain space, and believe that we've just scratched the surface of its true fundraising potential.
Crypto FAQs
Why donate crypto directly?
Taxes! There’s a reason high net worth individuals tend to donate property instead of cash. Donating cryptocurrency directly to a 501(c)3 nonprofit is more tax efficient and can save you money.
The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax efficient way to support your favorite cause. When donating crypto, you receive a tax deduction for the fair market value of the crypto, and you avoid the capital gains tax you would have incurred if you had sold the crypto and then made a donation. That means you’re able to donate more, as well as deduct more on your tax return. The difference? Sometimes more than 30%.
What cryptocurrencies are accepted?
We currently accept more than 100 cryptocurrencies, including:
Bitcoin (BTC), Ethereum (ETH), USD Coin (USD), Tether (USDT), XRP (XRP), Avalanche (AVAX), Samoyedcoin (SAMO), Galxe (GAL), STEPN (GMT), Tune.FM (JAM), Chiliz (CHZ), Qredo (QRDO), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Dai (DAI), Litecoin (LTC), ChainLink (LINK), Uniswap (UNI), Bitcoin Cash (BCH), Decentraland (MANA), Filecoin (FIL), The Sandbox (SAND), ApeCoin (APE), Fantom (FTM), Axie Infinity Shards (AXS), Tezos (XTZ), Aave (AAVE), Zcash (ZEC), Maker (MKR), The Graph (GRT), Gala (GALA), Quant (QNT), Enjin Coin (ENJ), Loopring (LRC), Synthetix (SNX), Basic Attention Token (BAT), Curve Dao Token (CRV), Amp (AMP), Compound (COMP), Skale (SKL), PAX Gold (PAXG), yearn.finance (YFI), Ankr (ANKR), 0x (ZRX), Livepeer (LPT), Render Token (RNDR), Dogelon Mars (ELON), UMA (UMA), SushiSwap (SUSHI), Storj (STORJ), Ren (REN), Lido (LDO), Ethereum Name Service (ENS), Injective (INJ), Fetch.ai (FET), Orchid (OXT), API3 (API3), Mask Network (MASK), Somnium Space (CUBE), Gemini Dollar (GUSD) and more!
Are crypto donations tax-deductible?
Yes! Crypto donations are one of the most tax-efficient ways to give to charity. Your crypto donation is tax-deductible to the fullest extent permitted by law if you pay taxes in the U.S. By making a charitable gift, you may also be eligible to significantly reduce what you would otherwise owe in capital gains taxes. As with any tax-related questions, be sure to consult with a qualified, professional tax advisor.
Minneapolis Heart Institute Foundation is a 501(c)3 tax-exempt organization and your donation is tax-deductible within the guidelines of U.S. law. To claim a donation as a deduction on your U.S. taxes, please keep your donation receipt as your official record. We'll send it to you upon successful completion of your donation. Our IRS Identification (EIN) number is #41-1426406.
Why donate cryptocurrency to MHIF?
As one of the leading nonprofit cardiovascular research and education institutions in the United States, our cutting-edge clinical research helps pioneer improvements to diagnose, treat and prevent heart and vascular disease. By educating and disseminating our research findings to physicians across the region, country and world, our work helps optimize patient care to improve and save thousands of lives every year. Your support can help us further that research to be able to have a larger impact, leading to better cardiovascular outcomes.
You can read more about your donation in action and MHIF's major accomplishments through Our History page or by reviewing our Financials page.
