Tips for 2023 End-of-Year Tax Deductible Charitable Donations 🌟

December 9, 2023

It’s time… to give! 🎁 Now is the perfect time to end the year with impact.

Pledge makes donating easy for everyone - from choosing how to donate, to enjoying tax benefits. We’re here to help you navigate your giving options and find what works best for you.

Whether you’re fundraising or making a donation through Pledge, you benefit by having access to more giving options than any other platform, including Venmo, PayPal, ApplePay, GooglePay, Card, and Bank to non-cash assets like Stock and Crypto, which are all popular options this time of year for good reason.


Donating with Added Tax Benefits 🌟

For donations to be considered tax-deductible on your 2023 tax return, you must donate before midnight on December 31, 2023. We invite you to explore your giving options and increase your giving power this month with Pledge!

Your year-end donations offer a win-win situation for the nonprofits you’re supporting and for you by reducing your taxable income. Donations during this crucial time help nonprofits meet their annual goals and achieve their mission, making a significant impact on their programs as they transition into the new year.

Let’s explore some of the most beneficial ways that you can make your year-end donations through Pledge:

Stock Donations 📈

Did you know that appreciated stock represents $100 billion in potential funding for nonprofits? Stock is one of the most tax-advantaged ways to give.

When you donate stock that has appreciated for more than one year, you are actually giving 20% more than if you sold the stock and then made a cash donation because you’re avoiding capital gains taxes. Imagine that… 20% more impact! It’s one of the most tax-smart ways to give.

And we’ve got a gift for you! 💝

Our partner DonateStock is matching up to $25,000 in stock gifts made via Pledge through December 31st. Through our partnership, you can now donate stock to any nonprofit in our database. We’ve made the process hassle-free for you and the nonprofits that you choose to support. Donate stock today through Pledge to your favorite nonprofit, enjoy tax benefits, and 2X your impact! Learn more here.

Crypto Donations 🚀

Donate over 130+ types of cryptocurrency through PledgeCrypto™and receive tax deductions based on its fair market value. Pledge converts your donation to cash for nonprofits and as part of our commitment to sustainability, we also offset carbon emissions through a patented partnership with the United Nations Climate Neutral Initiative. The process is automated, hassle-free, and trusted by nonprofits of all sizes.

Cash Donations via Venmo, PayPal, ApplePay, GooglePay, Card, Bank 💸

When you donate cash to a verified 501(c)(3) nonprofit organization - including all 2M+ in our database! - you can generally deduct up to 60% of your adjusted gross income. Through Pledge, you can choose to donate cash through card, bank transfer, Venmo, PayPal, ApplePay, and GooglePay. It’s safe, easy, and the quickest way to give.

Receive Instant Tax Receipts ✅

Our tax receipts include all you need to support your tax filings. When you donate through Pledge, you will automatically receive a receipt for your tax-deductible donation with the nonprofit name, your name, the donation amount, and a statement confirming no goods or services were received in exchange for your donation. If you lose track of your donation receipts from Pledge throughout the year, you can easily find them in your free Impact Hub account - all at your fingertips exactly when you need them.

More Tips & Tricks for End-of-Year Giving 🔎

  • Dedicate your donation in honor of someone special
  • Give a Pledge Gift Card to someone you care about, as a way for them to pledge support for a cause they care about
  • Spread the word and start a fundraising campaign so your community can do good while getting tax benefits, too
  • For personal tax advice, we encourage you to speak with a financial advisor who can guide you through options to maximize your annual tax deductions.

Ready to make an impact? Make your year-end giving count by benefiting from Pledge's streamlined process to make a bigger impact! Simplify your donation process, ensure timely tax receipts, and together, let's end the year supporting the causes that matter most to you.