Gifts of Cryptocurrency

Central Michigan University recognizes the role of Bitcoin and other types of cryptocurrency in today’s economy and welcomes gifts of cryptocurrency. 

The IRS has classified cryptocurrency as a form of property for tax purposes. If you gift Bitcoin or other cryptocurrencies to CMU, you may not be required to pay capital gains tax on the donated funds and may be eligible to claim a deduction. Please consult your tax advisor.

All contributions of cryptocurrency are converted to cash immediately upon acceptance and cannot be refunded for any reason.

Please send only the exact cryptocurrency you have selected. Do not send any other cryptocurrencies (including layer 2, wrapped tokens, NFTs or other ERC-20 tokens not listed) as these are unsupported and may result in loss of donation. To learn more, visit The Giving Block FAQ.

For more information, contact Heather Tubbs or call her at 989-774-3312.