MidAmerica Nazarene University Foundation recognizes the growing significance of cryptocurrency in today’s economy. Donors may find it beneficial to make cryptocurrency contributions and should consult their tax advisor regarding how these donations may fit into their tax strategy.
For donors in the United States, the IRS has classified cryptocurrency as a form of property. This means that when you donate Bitcoin or other cryptocurrencies to a 501(c)(3) nonprofit, such as the MNU Foundation, you may be required to pay capital gains tax on donated cryptocurrency and still be able to claim a deduction for your gift. Please consult your tax advisor for more information.
In accordance with the MNU Foundation Gift Acceptance Policy, all contributions of cryptocurrency are immediately converted to cash upon receipt and cannot be refunded for any reason. While we are happy to honor requests for public anonymity, donors must identify themselves when making a cryptocurrency charitable contribution.
For more information, contact Associate Vice President Christa Jenkins at ccjenkins@mnu.edu or 913.971.3607.
Make your gift through our cryptocurrency partner.