The ESU Foundation secures philanthropic support to advance the University's mission to enhance every student's educational experience. With tuition and state funding only covering a portion of an ESU education, we rely on private support to help fund programs that benefit the entire university community.
The IRS classifies cryptocurrency as property for tax purposes which means it is typically the most tax-efficient way to support ESU. Donating cryptocurrency is a non-taxable event, which means, donors do not owe capital gains tax on the appreciated amount and can typically deduct the fair market value of the donation on their taxes. Please contact a crypto-savvy tax professional or financial advisor for more information.