Cryptocurrency in the nonprofit sector: What you need to know
ASU Lodestar Center
APRIL 5, 2022
What are the benefits for cryptocurrency donors, and the risks for nonprofits? If the currency has been owned for at least a year, the donor may also get a tax deduction at market value and any unused deduction can be carried forward to gain tax benefits for another five years. Bitcoin started 2022 at nearly $48,000.
Let's personalize your content