Cryptocurrency - Donors (Especially Millennials) Are Still Giving it to Charity

A reminder - or news - that in 2023, the IRS posted new rules stating that gifts of #cryptocurrency would be treated as real #property and not as #cash: https://lnkd.in/e7CrJamU

You might say, "What the heck does that mean?" or, "Why should my #nonprofit care?"

A donor who makes a gift of $5,000 or more without a qualified, third-party appraisal for the crypto donation is out of compliance and it's not too late to get the forms completed if you are the donor or to inform your #donors should you represent an #organization receiving the #gift.

A reminder came in the form of an outstanding newsletter the other day from Julianne Buck, CAP®, the CEO of Community Foundation of Grundy County, my relatively new friend from the National Association of Charitable Gift Planners. 

To subscribe to Buck's newsletter and to learn more, visit: https://lnkd.in/e7SeZfec.

Julianne's got a lot of good information for #professionaladvisors, nonprofit #leaders and #board members. Five stars.