Algorand Public Address:

Donating cryptocurrency, or any property that has gone up in value, to charity has some advantages over donating cash.  First, when a person sells property that has appreciated, their tax basis is the cost they paid for the property.  When they donate the same property, the donor is eligible for a deduction at the current fair market value of the property.  The donor benefits from the appreciation without the lower cost basis being held against them.

Example:  Dan bought $10,000 worth of Algorand last year.  That Algorand is now worth $70,000.  If Dan sells it, he owes tax on the difference, which is $60,000.  If Dan donates the Algorand to a charity, he can be eligible for a tax deduction of the entire $70,000.