Be The Change You Want To See
Purpose for Profit provides below-market-rate loans to businesses building quality affordable housing. We focus on borrowers dedicated to creating sustainable communities with green spaces and diverse housing options. Our mission is to transform marginalized communities through these initiatives, promoting long-term growth and sustainability.
Our Goals
We imagine a world where equitable access to resources, sustainable housing, and environmental stewardship empower communities to thrive.
Circle Guide Star
501 (c)(3)
Charity Navigator
Fidelity Charitable
Non-profit tax id EIN: 88-3636285
Our Impact Targets
Technology and development
Purpose for Profits underlying infrastructure provides donors with real-time insights into fund and treasury management. There's no need to wait for a quarterly board meeting or an annual report.
Endowment Fund Growth
Grow the Endowment Fund to $30M by 2028 for ongoing support of affordable housing projects.
Community Engagement and Marketing
Lend over $100M by 2028 and bring (or preserve) an additional 2,000+ affordable units to market.
Operations Costs
100% of donations go the Purpose for Profit Endowment fund to provide loans for affordable housing.
Operational expenses are covered by token sales (85% to lending and 15% to operations), loan origination fees and interest paid on loans.
Our Targets
Endowment Fund Growth
Grow the Endowment Fund to $30M by 2028 for ongoing support of affordable housing projects.
Operations Costs
100% of donations go the Purpose for Profit Endowment fund to provide loans for affordable housing.
Operational expenses are covered by token sales (85% to lending and 15% to operations), loan origination fees and interest paid on loans.
Technology and development
Purpose for Profits underlying infrastructure provides donors with real-time insights into fund and treasury management. There's no need to wait for a quarterly board meeting or an annual report.
Community Engagement and Marketing
Lend over $100M by 2028 and bring (or preserve) an additional 2,000+ affordable units to market.
Our Targets
Endowment Fund Growth
Grow the Endowment Fund to $30M by 2028 for ongoing support of affordable housing projects.
Operations Costs
100% of donations go the Purpose for Profit Endowment fund to provide loans for affordable housing.
Operational expenses are covered by token sales (85% to lending and 15% to operations), loan origination fees and interest paid on loans.
Technology and development
Purpose for Profits underlying infrastructure provides donors with real-time insights into fund and treasury management. There's no need to wait for a quarterly board meeting or an annual report.
Community Engagement and Marketing
Lend over $100M by 2028 and bring (or preserve) an additional 2,000+ affordable units to market.
You Can Donate Via
You Can Donate Via
Purpose for Profit is a Delaware-registered 501(c)(3) tax-exempt organization. All donors will receive a letter of contribution for tax purposes, ensuring that your generosity is recognized and can be applied toward tax benefits. EIN: 88-3636285
Purpose for Profit is a Delaware-registered 501(c)(3) tax-exempt organization. All donors will receive a letter of contribution for tax purposes, ensuring that your generosity is recognized and can be applied toward tax benefits. EIN: 88-3636285
Donations & Tax FAQ
Purpose For Profit is a registered 501c(3), your support will help fund affordable housing. Contributions can be made in USD, BTC, ETH, USDC, USDT.
Can I donate cryptocurrency and get a tax write-off?
In the US, people and businesses can donate cryptocurrencies to charity. Please keep in mind that donating crypto is different from simply sending crypto to a wallet belonging to another person. In the US, you can donate cryptocurrencies to a charitable organization and claim an itemized deduction, enabling you to lower your crypto tax bill.
I’d like to donate crypto to Purpose for Profit Foundation, how should I get started?
Start by looking at the cost basis and the current Fair Market Value (in USD) of the currency being donated, this will influence the amount you will be able to deduct from your taxes.
Which designation does Purpose For Profit have and how can I check?
Purpose For Profit Foundation is a 501(3) tax exempt organization. The exemption status and designation letter can be found on the IRS website https://apps.irs.gov/app/eos/details/ OR by searching the IRS database with our EIN: 88-3636285
Should I donate cash or an appreciating asset like crypto?
Investors have more benefits when donating cryptocurrency, or any appreciating asset, than cash because donating assets like crypto can be used to overcome capital gains taxes and get a tax deduction while donating cash doesn’t offer those advantages.
Is making a donation a taxable event?
Making a donation to a charitable organization is not a taxable event, nor is it subject to any taxes. However, there are specific criteria that need to be met to claim a tax deduction, such as donating to a qualified tax exempt charitable organization. The most commonly known tax exempt status is 501c(3), this designation is provided by the Internal Revenue Service (IRS) and can be verified on the IRS website https://www.irs.gov/charities-non-profits/search-for-tax-exempt-organizations
Is it better to donate holdings or sales proceeds?
If you sold your crypto holdings, you’d have to pay capital gain taxes (if you had a profit), and then you could donate the sales proceeds. However, if you donated your crypto holdings, you’d be able to deduct the Fair Market Value (in USD) of your crypto, a much higher amount than your sales proceeds after taxes. Please remember that the FMV for your crypto has to be higher than your cost basis. If you donate an appreciated asset (like crypto), you won’t need to report any capital gain for the difference between the FMV and your cost basis. As a result, it is better to donate your crypto directly to a qualified charitable organization than to sell it and donate the sales proceeds unless the FMV is lower than your cost basis.
Can I donate cryptocurrency and get a tax write-off?
In the US, people and businesses can donate cryptocurrencies to charity. Please keep in mind that donating crypto is different from simply sending crypto to a wallet belonging to another person. In the US, you can donate cryptocurrencies to a charitable organization and claim an itemized deduction, enabling you to lower your crypto tax bill.
I’d like to donate crypto to Purpose for Profit Foundation, how should I get started?
Start by looking at the cost basis and the current Fair Market Value (in USD) of the currency being donated, this will influence the amount you will be able to deduct from your taxes.
Which designation does Purpose For Profit have and how can I check?
Purpose For Profit Foundation is a 501(3) tax exempt organization. The exemption status and designation letter can be found on the IRS website https://apps.irs.gov/app/eos/details/ OR by searching the IRS database with our EIN: 88-3636285
Should I donate cash or an appreciating asset like crypto?
Investors have more benefits when donating cryptocurrency, or any appreciating asset, than cash because donating assets like crypto can be used to overcome capital gains taxes and get a tax deduction while donating cash doesn’t offer those advantages.
Is making a donation a taxable event?
Making a donation to a charitable organization is not a taxable event, nor is it subject to any taxes. However, there are specific criteria that need to be met to claim a tax deduction, such as donating to a qualified tax exempt charitable organization. The most commonly known tax exempt status is 501c(3), this designation is provided by the Internal Revenue Service (IRS) and can be verified on the IRS website https://www.irs.gov/charities-non-profits/search-for-tax-exempt-organizations
Is it better to donate holdings or sales proceeds?
If you sold your crypto holdings, you’d have to pay capital gain taxes (if you had a profit), and then you could donate the sales proceeds. However, if you donated your crypto holdings, you’d be able to deduct the Fair Market Value (in USD) of your crypto, a much higher amount than your sales proceeds after taxes. Please remember that the FMV for your crypto has to be higher than your cost basis. If you donate an appreciated asset (like crypto), you won’t need to report any capital gain for the difference between the FMV and your cost basis. As a result, it is better to donate your crypto directly to a qualified charitable organization than to sell it and donate the sales proceeds unless the FMV is lower than your cost basis.
Can I donate cryptocurrency and get a tax write-off?
In the US, people and businesses can donate cryptocurrencies to charity. Please keep in mind that donating crypto is different from simply sending crypto to a wallet belonging to another person. In the US, you can donate cryptocurrencies to a charitable organization and claim an itemized deduction, enabling you to lower your crypto tax bill.
I’d like to donate crypto to Purpose for Profit Foundation, how should I get started?
Start by looking at the cost basis and the current Fair Market Value (in USD) of the currency being donated, this will influence the amount you will be able to deduct from your taxes.
Which designation does Purpose For Profit have and how can I check?
Purpose For Profit Foundation is a 501(3) tax exempt organization. The exemption status and designation letter can be found on the IRS website https://apps.irs.gov/app/eos/details/ OR by searching the IRS database with our EIN: 88-3636285
Should I donate cash or an appreciating asset like crypto?
Investors have more benefits when donating cryptocurrency, or any appreciating asset, than cash because donating assets like crypto can be used to overcome capital gains taxes and get a tax deduction while donating cash doesn’t offer those advantages.
Is making a donation a taxable event?
Making a donation to a charitable organization is not a taxable event, nor is it subject to any taxes. However, there are specific criteria that need to be met to claim a tax deduction, such as donating to a qualified tax exempt charitable organization. The most commonly known tax exempt status is 501c(3), this designation is provided by the Internal Revenue Service (IRS) and can be verified on the IRS website https://www.irs.gov/charities-non-profits/search-for-tax-exempt-organizations
Is it better to donate holdings or sales proceeds?
If you sold your crypto holdings, you’d have to pay capital gain taxes (if you had a profit), and then you could donate the sales proceeds. However, if you donated your crypto holdings, you’d be able to deduct the Fair Market Value (in USD) of your crypto, a much higher amount than your sales proceeds after taxes. Please remember that the FMV for your crypto has to be higher than your cost basis. If you donate an appreciated asset (like crypto), you won’t need to report any capital gain for the difference between the FMV and your cost basis. As a result, it is better to donate your crypto directly to a qualified charitable organization than to sell it and donate the sales proceeds unless the FMV is lower than your cost basis.
Purpose
for Profit
We aim to make affordable housing, and other complex social and environmental issues, approachable. PFP is creating a platform and a community that enables a broader audience to make a real world impact.
© 2024 Purpose for Profit
Purpose
for Profit
We aim to make affordable housing, and other complex social and environmental issues, approachable. PFP is creating a platform and a community that enables a broader audience to make a real world impact.
© 2024 Purpose for Profit
Purpose
for Profit
We aim to make affordable housing, and other complex social and environmental issues, approachable. PFP is creating a platform and a community that enables a broader audience to make a real world impact.
© 2024 Purpose for Profit