Accepting Crypto Donations at Your Nonprofit: A Guideby@techsoup

Accepting Crypto Donations at Your Nonprofit: A Guide

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Cryptocurrency is surging in popularity, with the market cap reaching [over $2 trillion] in 2021. Over 14 percent or 21 million U.S. adults are holding some form of crypto. By accepting crypto directly, nonprofits can help donors give more. Donating crypto is not a taxable event for the IRS, meaning that donors don't have to recognize any capital gains on the appreciated asset. By highlighting the tax advantages of donating crypto, you may be able to encourage donors to donate more at year-end.

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