Re: Pay with Crypto Currencies (bitcoin, ethereum, etc)
Posted: Wed Nov 17, 2021 11:31 am
Nov 2021 Update:
YES there is a way to donate Bitcoin (or crypto):
1. Set up a Donor Advised Fund with Fidelity (or others)
2. Donate your BTC the Fidelity Charitable Giving Account (no fees except small on-chain transaction fee)
3. Fidelity sells the BTC and contributes those funds (in USD) to the Church in your name
4. The Church sends you a receipt for the value donated in kind
Link to Open a Giving Account: https://www.fidelitycharitable.org/givi ... arity.html
More info: I spoke today with Derek Carter (Donations Director at the Church of Jesus Christ of Latter-day Saints) and he said that they don't currently accept Bitcoin or crypto. They get 10 calls daily requesting this and have been turning people down. However, I looked into it and found they do accept donations from donor-advised funds like Fidelity - it just has to arrive in cash or accepted in-kind donations. We agreed this would be a workable way for people to donate Bitcoin and possible a source to point people to going forward.
Helpful contacts:
801-240-4554 Church Donations Director for specific Q's (spoke with Derek Carter)
800-682-4438 Fidelity Charitable Gift Accounts (spoke with Jeremy)
YES there is a way to donate Bitcoin (or crypto):
1. Set up a Donor Advised Fund with Fidelity (or others)
2. Donate your BTC the Fidelity Charitable Giving Account (no fees except small on-chain transaction fee)
3. Fidelity sells the BTC and contributes those funds (in USD) to the Church in your name
4. The Church sends you a receipt for the value donated in kind
Link to Open a Giving Account: https://www.fidelitycharitable.org/givi ... arity.html
More info: I spoke today with Derek Carter (Donations Director at the Church of Jesus Christ of Latter-day Saints) and he said that they don't currently accept Bitcoin or crypto. They get 10 calls daily requesting this and have been turning people down. However, I looked into it and found they do accept donations from donor-advised funds like Fidelity - it just has to arrive in cash or accepted in-kind donations. We agreed this would be a workable way for people to donate Bitcoin and possible a source to point people to going forward.
Helpful contacts:
801-240-4554 Church Donations Director for specific Q's (spoke with Derek Carter)
800-682-4438 Fidelity Charitable Gift Accounts (spoke with Jeremy)