Apply to donate your NFT for a tax deduction
The Foundation For Art and Blockchain welcomes charitable donations of NFTs. They will be used to build a permanent collection for display to the public in museums, galleries and other settings or be sold to raise proceeds for artist grants, etc.
The Foundation is happy to provide written documentation for tax deductions. This can be especially helpful for offsetting your capital gains and thus decreasing your taxes.
We will also provide you with an "FAB Patron" NFT to commemorate your support of FAB!
The deductible value of a donated NFTs is its Fair Market Value (FMV).
* Items under $5k do not require an appraisal. We rely on you to inform us of the fair market value, subject to a common-sense gut-check.
* Items over $5k do require an appraisal at your cost, which the Foundation can facilitate. You must have purchased the NFT at least one year ago to donate it. Please see IRS publication 561 for full details.
To donate your NFT, please begin by fill out the below form and we will reach out with further details.