Create an Unchained account and complete the DAF interest form to get started.
A donor-advised fund (DAF) is a charitable giving vehicle that allows individuals or organizations to donate assets, such as bitcoin, to a dedicated account. Once contributed, the donor receives an immediate tax deduction for the donation, and the funds can grow tax-free. Over time, the donor can recommend grants from the DAF to support various qualified nonprofit organizations of their choice.
Unchained’s current DAF Sponsor is University Impact Charitable Advisors.
Learn: You can read more about bitcoin donor-advised funds in this article.
How to create a DAF vault:
- Complete the Unchained DAF interest form. Unchained will send you a link to create a University Impact account.
- Create a new Unchained account using the sign up code provided by University Impact.
- In your Unchained account, select Connections, enter the University Impact Connections code from your email, and click Request connection.
- Once University Impact accepts the connection request, click on View and select one of your keys to share with University Impact.
- University Impact will create a vault using your shared key.
Success! You can now fund your DAF with a charitable contribution.
Note: To receive tax benefits, bitcoin donations of greater than $5,000 may require a qualified appraisal completed by a qualified appraiser. Work with a tax advisor to see if your donation requires qualified appraisal.
This information is educational only and cannot be relied upon as tax advice. It has not been catered to your individual tax circumstances. Unchained makes no representations regarding the tax consequences of any structure described herein, and all such questions should be directed to an attorney, CPA, or other tax advisor of your choice.