Cryptocurrency community

Receiving and Sending Donations

Learn about fees, locations, and other features of Coinstar® Actually cryptocurrency donations With 232 against 94 votes, the verdict of the Request for Comment (or RfC), in which members of the Wikipedia community contributed following a proposal by the Wikimedia Foundation, was to stop accepting Bitcoin and cryptocurrency donations.

Actually cryptocurrency donations back

In 2021 alone, the WMF received $130 worth of cryptocurrency contributions. This is a significant figure for donations, it only amounted to 0.08% of its total revenue. The most popular coin donated was Bitcoin, although all donations were converted into fiat USD before being used.  Saving Animals' Lives Every Day Stonewall Community Foundation is a 501(c)3 nonprofit organization, Federal Tax ID Number: 13-3550688. 

Giving

Accepting crypto donations was an extension of this drive. Cryptocurrency is the currency of the internet age, and using it to promote this resource is sound. Well, that may change if the Foundation accepts this proposal. List of cryptocurrencies The mining of cryptocurrency is energy intensive and is concerning to some. If you run an organization whose cause is tied to the environment (or you are simply aligned with those goals), accepting cryptocurrency in its current form might be counter to your goals.

Actually started accepting cryptocurrency donations

Establish a Giving Account and then donate cash, stocks, or non-publicly traded assets such as private business interests, cryptocurrency, and private company stock to be eligible for an immediate tax deduction. A contribution to a donor-advised fund is an irrevocable commitment to charity; the funds cannot be returned to the donor or any other individual or used for any purpose other than grantmaking to charities. Related Media & Insights “I’m really happy that the Wikimedia Foundation implemented the request from its community, and I’m really proud of my community for making what I feel was the ethical decision after a lot of thoughtful discussion,” White said in a statement to The Verge. “There are just too many issues with crypto for any potential donation revenue to be worth the cost of helping to legitimize it.”