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Donate Cryptocurrency to Ragtag Film Society

Ragtag Film Society is excited to now accept donations of crypto via The Giving Block. By accepting crypto philanthropy, RFS can broaden its reach and grow its donor base to include a new generation of film and media arts supporters.

When you donate to Ragtag Film Society, your gift directly impacts independent arthouse cinema, creative nonfiction filmmakers, emerging artists and musicians, and engages this community in immersive arts experiences that explore assumptions and elicit shared joy, wonder, and introspection.

How can I donate crypto to RFS?

Donating cryptocurrency is a quick, easy, and secure way to directly support True/False Film Fest, Ragtag Cinema, and its year-round community partnerships and educational programming.

Using the widget on this page, making a charitable gift is a quick, three-step process:

  1. Select your preferred cryptocurrency and enter your donation amount.
  2. Type in your email and basic informations (or choose to give anonymously).
  3. Make a difference! 

Upon making your gift, you will receive an automatically generated tax receipt that will be sent to the email provided. This confirmation will help you close the loop when calculating your taxes.

When you donate crypto to Ragtag Film Society, it is immediately converted into cash and therefore, all cryptocurrency donations made via The Giving Block are nonrefundable. Also keep in mind that no goods, services, or airdrops will be offered in exchange for cryptocurrency donations.

Why donate crypto to RFS?

Crypto Philanthropy is a new and thrilling fundraising avenue for nonprofit organizations like Ragtag Film Society. When you invest in RFS, you support a broad cross-section of socioeconomic backgrounds, abilities, cultures, ages, and genders by providing media arts programming to nearly 30,000 people annually. Your gift champions the creation and exhibition of art that transforms perspectives by offering a communal space for individuals and groups to process and reflect upon the stories of others. These shared experiences promote well-being by building community and widening systems of support.

Tax benefits of donating crypto

Each gift of crypto donated directly to a 501(c)(3) nonprofit is a non-taxable event meaning donors will not owe capital gains tax on the appreciated amount that is donated and can typically deduct the fair market value of the donation on their taxes. This often makes Bitcoin, Ethereum, and other cryptocurrency donations one of the most tax-efficient ways to support your favorite cause. 

Your crypto donation is tax-deductible to the fullest extent permitted by law if you pay taxes in the U.S. As with any tax-related questions, be sure to consult with a qualified, professional tax advisor.

FAQ

You can donate: Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Aave (AAVE), Alchemix (ALCX), Ankr Network (ANKR), Balancer (BAL), Bancor Network Token (BNT), BarnBridge (BOND), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Compound (COMP), Curve (CRV), Dai (DAI), Decentraland (MANA), Dogecoin (DOGE), Enjin Coin (ENJ), Fantom (FTM), Filecoin (FIL), Gemini Dollar (GUSD), Injective Protocol (INJ), Kyber Network (KNC), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Maker (MKR), Mirror Protocol (MIR), Orchid (OXT), PAX Gold (PAXG), Polygon (MATIC), Ren (REN), Skale (SKL), Somnium Space (CUBE), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), UMA (UMA), Uniswap (UNI), Yearn.Finance (YFI), Zcash (ZEC), 0x (ZRX), 1inch (1INCH). 

You can generate a wallet address by using our widget above.

  1. Choose the currency you wish to donate.
  2. Put in any amount for the pledge (don’t worry – receipts will match the actual amount donated). 
  3. Enter your donor information or choose to donate anonymously. 

Once you reach the third page, the widget will generate a dynamic wallet address you can use to complete your donation.

When using The Giving Block widget you’ll notice that a new wallet address is created every time. This is because The Giving Block uses dynamic wallet addresses which is done to protect your privacy and ours. Doing so helps prevent third parties from viewing your transaction history simply by copying and pasting the wallet address or TXID into a block explorer.

All addresses that are generated are associated with your donor information AND ours forever. This means that you can reuse the address as often as you’d like or you can generate a new one each time. It’s up to you. In some cases, users want to re-use an address because they’ve added it as a payout address in an app or smart contract. *Note that for ETH, after the first donation is sent, the address is converted to a smart contract.

In order to receive a receipt with your donation, you must enter an email address when prompted in our widget above. You will automatically receive a receipt from [email protected] as soon as the transaction is confirmed on the blockchain. This changes depending on the blockchain – you can refer to this guide for estimates and more information. Please note that you will receive a receipt every time you donate with our wallet address to the email you enter when generating the address.

Yes, of course! However, if you’d like to receive a tax receipt, you must enter your email address when prompted. A tax receipt will only be sent once you’ve entered your email address.

The Giving Block supports the ERC-20 Polygon (MATIC) asset but The Giving Block does not support transfers via the Polygon/Matic network. In order to successfully donate Polygon (MATIC), please be sure the assets you are transferring are on the Ethereum mainnet (ERC-20 token).