CommPRO Editorial Staff
To celebrate America’s founding fathers and their desire for freedom and independence, the Dementia Society of America® (DSA), a national 501(c)(3) nonprofit organization, has begun accepting a broader range of cryptocurrencies as donations to help further the critical mission of the Society.
Founder and Volunteer President, Kevin Jameson, made the 21st-century pronouncement on the morning of July 4th, 2019 while standing approximately 25 miles from where the U.S. Declaration of Independence was signed and then ratified in 1776 in Philadelphia, Pennsylvania. He said, “We have long understood the innovation and freedom-loving value of cryptocurrencies like Bitcoin, and have decided to partner with The Giving Block to expand our crypto capabilities and engage the community, thereby expanding our reach. We will now accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and USD Coin for general fund donations, legacy donations, and for those donations made in memory or honor of a loved one.”
In the future, the Dementia Society of America envisions that cryptocurrencies and blockchain may yield essential use cases for those living with Dementia and their care partners. From better ways to help those who leave their residences, therefore subject to becoming lost or disoriented, to financial fraud protection and identity security for those living with Dementia. Whatever is on the horizon, DSA strongly believes in investing in the future of blockchain by embracing its forward-thinking and unbounded applications.
As Kevin Jameson recently stated, “We want the crypto community to know that we support innovative mediums of exchange. More than 2,000 years ago, we traded salt and gold for our labors – as we were worth our weight in it – today, its bits and bytes, and since our Society’s origins just over 5 years ago, we’ve understood that there is always lasting value to human kindness, no matter the currency.”
Innovation has always been at the heart of the DSA’s mission, from easy-to-use assistive products and door-to-door transport services to robotic pets and personalized music delivery. DSA is at the forefront with its Dementia SMART® Recognition Awards, and other mission-related programs that enhance the lives of those living with Dementia.
Why crypto donations? For donors in the United States, the IRS has classified Bitcoin as property for tax purposes. When you donate Bitcoin or other cryptocurrencies to a 501(c)(3) nonprofit like the Dementia Society, you don’t pay capital gains tax and can write off the donation. You can change lives, and honor the memory and legacy of a loved one, in a convenient and tax efficient way.
Moreover, DSA has created a dedicated crypto donation page on their website at www.dementiasociety.org/crypto. There, you’ll also be able to learn more about their unique “clicks-to-bricks” plan for their new national headquarters. It’s a program that allows you to donate crypto and buy a brick to create a lasting real-world legacy in honor or memory of a loved one.