Cryptocurrency Giving
Why Do We Accept Cryptocurrency?
Cedarville University recognizes the importance cryptocurrency plays in today’s economy and in the lives of our alumni, parents, and friends. Donors may find it beneficial to make contributions of cryptocurrency and should consult their tax adviser regarding how donations of cryptocurrency and other highly appreciated assets may fit into their tax strategy.
Why Donate in Cryptocurrency?
For donors in the United States, the IRS has classified cryptocurrency as a form of property for tax purposes. This means that when you donate Bitcoin or other cryptocurrencies to a 501(c)(3) nonprofit or University, like Cedarville, you may not be required to pay capital gains tax on donated cryptocurrency and you may still be able to claim a deduction for your gift. Please consult with your tax adviser for additional information on this topic.
Cedarville University Gift Acceptance Requirements
While we are happy to honor requests for anonymity, Cedarville University will require all donors to identify themselves when making a charitable contribution.
All contributions of cryptocurrency are converted to cash immediately with the aid of our partner The Giving Block upon acceptance and cannot be refunded for any reason.
Do You Have Other Questions?
For any questions, please contact Stephen Schindler at sjschindler@cedarville.edu