Donating Cryptocurrency

Why donate in cryptocurrency specifically?

For donors in the United States, the IRS has classified cryptocurrency as a form of property for tax purposes. This means that when you donate Bitcoin or other cryptocurrencies to a 501(c)(3) nonprofit or University, like Central Michigan University, you may not be required to pay capital gains tax on donated cryptocurrency and you may still be able to claim a deduction for your gift. Please consult your tax adviser for more information.

Central Michigan University Gift Acceptance Requirements

• In accordance with Central Michigan University’s Gift Acceptance Policy, all contributions of cryptocurrency are converted to cash immediately upon acceptance and cannot be refunded for any reason.
• While we are happy to honor requests for anonymity, Central Michigan University requires that all donors identify themselves when making a charitable contribution.
  

For more information contact: Heather Tubbs by email at tubbs1hl@cmich.edu or by phone at 989-774-1012.

Important

Please only send 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. For more information visit The Giving Block FAQ.