ARTICLE

Sean Taylor’s Article Published in Nonprofit Information

by: Smith and Howard

July 11, 2018

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With the passage of the Tax Cuts and Jobs Act (TCJA) this year, nonprofits are steeling themselves for increased competition for decreased donations – an anticipated result of the change in charitable contribution deduction rules. Some nonprofits looking for an edge are exploring the option to accept cryptocurrency for donations. The most commonly referred to cryptocurrency is Bitcoin, but there are numerous currencies available. While adding this as an option for donors may increase the organization’s reach and its reputation for being on the leading edge, it comes with some cautions and important safeguards. Read Sean’s full article here.

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