With the price of Bitcoin tripling in a year, donations also are on the rise. From a tax perspective, Bitcoin and other cryptocurrencies are treated like stock donations, meaning the donor doesn’t have to pay capital gains tax and gets a nice tax write off.
In this webinar, Alex and Patrick from The Giving Block discuss how your nonprofit can capture this next wave of Bitcoin and other cryptocurrency donations. They also cover what has made fundraising Bitcoin successful for nonprofits who already have these programs.