FJC Accepts Its First Donation of Cryptocurrency
In December, 2020 FJC accepted its first ever donation of Bitcoin, liquidating the asset through a leading Bitcoin exchange to generate over $56,000 in philanthropic resources for a Donor Advised Fund (DAF) account. For Bitcoin enthusiasts who have benefitted from the increase in the currency’s value in recent years, the tax benefits for donating Bitcoins and other cryptocurrencies held for a year may be similar to appreciated stock. (FJC does not give tax advice, so please consult your tax advisor). Read more.