Now it’s even easier to donate to Baker Industries. Donating cryptocurrency is a non-taxable event. Like donating shares of stock, you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin and other cryptocurrency donations one of the most tax-efficient ways to support your favorite cause with a charitable contribution. Through our cryptocurrency fundraising initiative with The Giving Block and Gemini Trust Exchange, we can accept all major cryptocurrencies.