A crypto donation is a charitable gift made using cryptocurrencies like Bitcoin or Ethereum instead of traditional cash or checks.
Accepting crypto donations can diversify fundraising streams, attract new donors, and potentially offer tax benefits to supporters.
Many nonprofits use third-party processors to convert crypto donations to fiat currency immediately, reducing exposure to price fluctuations.
In many jurisdictions, crypto donations are treated as property and can be tax-deductible, but donors and nonprofits should consult tax professionals.