Donor-advised fund, stock, and cryptocurrency gifts
Three tax-efficient ways to give to Breakthrough T1D.
Donor-advised fund
What is a donor-advised fund?
A donor-advised fund (DAF) is a charitable giving vehicle that you can create to manage charitable donations on behalf of yourself and your loved ones. You can set up a DAF account with most financial institutions by contributing cash, securities, or appreciated assets.
Why give via DAF to Breakthrough T1D?
DAFs allow you to support Breakthrough T1D while receiving favorable tax benefits and having the ability to recommend grants from your fund over time. When you give via your DAF, you will be eligible for a current-year tax deduction and can be more strategic about your giving decisions.
More questions about DAFs? See our FAQ at the end of this page.
Donate via DAF to
Breakthrough T1D
Donate via DAF to Breakthrough T1D through our trusted DAF partners, BNY Mellon, Fidelity, or Charles Schwab.
If you plan to make a gift to Breakthrough T1D via your DAF account that is outside of BNY Mellon, Fidelity, or Charles Schwab, please complete this form . A member of our team will get in touch with you to confirm receipt and ensure that your gift is directed to the area of your interest.
Stock
Why donate stock to Breakthrough T1D?
Gifts of appreciated stock or mutual funds are another great way to give to Breakthrough T1D. You get an income tax deduction for the full fair market value of securities you have owned more than one year—subject to the usual limitations—and capital gains taxes will be completely avoided on these assets.
To transfer securities to Breakthrough T1D, please contact Manager of Donor Services Elizabeth Fay at 952-236-3457 or email her at efay@BreakthroughT1D.org.
More questions about giving stock? See our FAQ at the end of this page.
Donate stock to
Breakthrough T1D
To ensure your Depository Trust Company (DTC)-eligible free transactions are properly transferred to Merrill Lynch, please include the following information in your stock transfer:
DTC Participant Number: 8862
Breakthrough T1D Account Number: 825-03211
Breakthrough T1D Account Name: Breakthrough T1D
To make sure it’s credited appropriately, please include the stock name, number of shares, and donor name in the notes/memo/description section of your stock transfer.
For all NSCC-eligible mutual funds and other types of securities, please contact Manager of Donor Services Elizabeth Fay at donorservices@BreakthroughT1D.org to receive the most current transfer instructions.
To receive a tax acknowledgment, Breakthrough T1D must also be contacted with gifting instructions and an address of where to send a tax letter.
Cryptocurrency
What is cryptocurrency?
Cryptocurrency (also called “crypto”), like Bitcoin, is digital money. Like traditional money, it can be used for transactions such as purchases, investments, or donations. Unlike traditional money, no bank or financial institution is needed to make crypto transactions
Why give cryptocurrency directly to Breakthrough T1D?
Because the IRS classifies cryptocurrency as property, it is one of the most tax-efficient ways to give.
When you donate crypto, you receive a tax deduction for the fair market value. You also avoid the capital gains tax you would have incurred if you had sold the crypto, and then made the donation. This means you are able to donate more and deduct more from your taxes. The difference? Sometimes more than 30 percent!
If you provide an email, you will automatically receive a tax receipt after donating.
More questions about cryptocurrency? See our FAQ at the end of this page.
Donate crypto to
Breakthrough T1D
Donate cryptocurrency to Breakthrough T1D through our trusted partner, The Giving Block.*
*Any personal information you submit to The Giving Block cryptocurrency donation widget is governed by The Giving Block’s own privacy policy and terms and conditions, both of which are accessible on The GIving Block’s website. Breakthrough T1D does not control nor is it responsible for The Giving Block’s use of any information you submit to The Giving Block.
FAQ
Answers to the most frequently-asked questions about donating crypto, via DAF, or stock to Breakthrough T1D.
Our tax ID number/EIN is 23-1907729.
If you already have a DAF account, you can recommend a grant directly to Breakthrough T1D from BNY Mellon, Fidelity, or Charles Schwab by using the DAF widget on this page (see above “Donate Via DAF to Breakthrough T1D”).
Please complete this form if you plan to make a gift to Breakthrough T1D through your DAF account outside of BNY Mellon, Fidelity, or Charles Schwab. A member of our team will get in touch with you to confirm receipt and ensure that your gift is directed to the area of your interest.
The DAF sponsor handles all record-keeping, disbursements, and tax receipts.
Contributions are tax-deductible, and any investment growth in the DAF is tax-free. It is also easy to donate long-term appreciated securities, eliminating capital gains taxes.
Yes! A DAF is a powerful way to build or continue a tradition of family philanthropy.
Once approved, 100% of your recommended grant comes directly to Breakthrough T1D to fuel our mission to cure T1D and make life with the condition better for the people who face it.
When initiating your donation via DAF, please include the purpose or designation of your grant. You many do this by listing the participant’s name, team name and/or event that you wish to support. This will ensure your gift is applied to the appropriate campaign.
To receive a tax acknowledgment, Breakthrough T1D must be contacted with gifting instructions and an address of where to send a tax letter. Contact Manager of Donor Services Elizabeth Fay at donorservices@BreakthroughT1D.org .
Please speak to your financial planner or tax attorney if you have questions about how any tax reforms impact your stock donations to Breakthrough T1D.
If you have questions about donating stock to Breakthrough T1D, contact:
Elizabeth Fay
Manager of Donor Services
Phone: 952.236.3547
Email: donorservices@BreakthroughT1D.org
We accept cryptocurrency donations through our portal powered by The Giving Block, which accepts numerous supported cryptocurrencies. All that is required is the most basic knowledge of conducting cryptocurrency transactions and a desire to give.
We only accept cryptocurrencies listed by The Giving Block. This list is subject to change by The Giving Block, and can be verified either by consulting the list in The Giving Block’s widget or consulting The Giving Block’s website.
To Breakthrough T1D, all cryptocurrency donations through The Giving Block are essentially the same since they’re all converted to USD immediately and used to advance our mission.
No. Blockchain payments are non-refundable by design. Always check the accuracy and authenticity of any address to which you are sending cryptocurrency. This is best practice for any crypto transaction.
If you provide an email in The Giving Block, you will automatically receive a tax receipt after donating.
Yes. Simply provide an email address for your tax receipt but not any other personal information in The Giving Block. You will automatically receive a tax receipt after donating.
Consider making online donations whenever possible to avoid unnecessary handling of checks. Breakthrough T1D offers both secure credit/debit card and bank account withdrawal options digitally.
If you must send a check, please make it out to Breakthrough T1D and mail it to:
Breakthrough T1D
PO Box 5021
Hagerstown, MD, 21741-5021
Please include a note indicating the event, walk, or ride that it should be directed to, if applicable.
Other ways to give to Breakthrough T1D
Make a donation
Explore our other giving programs, including our Workplace and Monthly Giving programs; Tribute, Memorial, and vehicle donations; and more.
Fundraise with us
Walk. Ride. Gala. Golf. Play. Or create your own way! Learn about our peer-to-peer fundraising programs and how you can participate.
