Considerations for Cryptocurrency Donations

(from AICPA) As cryptocurrency and digital assets become more mainstream, independent schools need to consider accepting these assets as part of their donation strategy. A good place to start is to update existing gift acceptance policies and procedures to specifically state the school's stance on accepting crypto donations. Accepting these assets requires time and effort. AICPA has provided considerations on the basics for accepting and valuing donations of bitcoin and other crypto as well the process of working with third-party service providers to receive, hold and liquidate these assets.

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