ABOUT OVERFLOW
Overflow is a digital solution for donating almost any asset to your favorite nonprofits in minutes. Overflow allows your dollars to go further by offering some of the most tax-efficient ways to give and the lowest processing fees on the market. Overflow makes it easy to give what you want, how you want.
IS GIVING THROUGH OVERFLOW SAFE AND SECURE?
Yes. Overflow's Information Security Program is SOC 2 Type 2 compliant and follows strict criteria set forth by the SOC 2 Framework, a widely respected information security auditing procedure. Overflow does not have access to nor stores any brokerage account Login information. For security and data privacy measures, Overflow uses Yodlee, a third-party provider, to handle the brokerage account login process. Over 600 companies including PayPal, Mint, and Amazon use Yodlee to connect their clients’ accounts.
WHY SHOULD I CONSIDER GIVING THROUGH CRYPTOCURRENCY?
Cryptocurrency can be donated just like other appreciated assets such as stocks. Instead of selling your cryptocurrency and donating the after-tax proceeds, consider donating your cryptocurrency directly to the Church. You will be eligible for a tax deduction equal to the fair market value of the donated cryptocurrency and the appreciation in the value of the donated asset will not be subject to capital gains taxes.
HOW CAN I DONATE CRYPTOCURRENCY ON OVERFLOW?
Overflow’s digital giving solution allows you to donate cryptocurrency in just a few clicks. Once you complete the steps online, you’ll be presented with an easy-to- use giving code that you must place into your crypto wallet to complete the donation. This code contains the donation information you've selected in the flow including the type of coin, amount of coin, and the destination wallet ID.
WHICH CRYPTOCURRENCIES CAN I DONATE?
Cryptocurrencies that are compliant and accepted within the United States are available to give through Overflow's crypto donation processing platform. Please refer to The Giving Block website for an up-to-date list of supported cryptocurrencies. If you are interested in giving a coin that you don't see supported, please email support@overflow.co. It is sometimes possible to facilitate your donation off-platform depending on the type of coin and gift value.
WHAT SPECIFIC STOCK COULD I DONATE?
Overflow supports the transfer of any publicly-traded stock that is exchanged on the US stock market. Overflow also supports the transfer of ETFs and Mutual Funds, but there may be brokerage-imposed restrictions on the transfer depending on the fund and gift value. If that is the case, Overflow’s concierge services will work with you directly to understand the restrictions and implications.