[BCMA] Question regarding charitable donations using Bitcoin cryptocurrency

[Moderated BCMA subscriber listserv.]

I've been off this listserv for a couple of months, so my apologies if this question has been answered recently.

What I would like to know is if anyone has had experience with Bitcoin and has advice on the situation described below:

A supporter has indicated a potential interest in making a donation from their Bitcoin holdings. The donor wants to support us, but also wants to see others start using Bitcoin.

Our gift policy does not contemplate accepting donations in cryptocurrency, so we've suggested that the potential donor cash the Bitcoin and donate the proceeds to us. Apparently, the donor would prefer to have us do the conversion. We would then, presumably, issue a charitable donation receipt for the amount we receive after converting the cryptocurrency and paying any transaction fees.

Do any of you have thoughts or advise about this situation?

Thanks,
Nancy

Nancy Kirkpatrick, Director
North Vancouver Museum & Archives
604.990.3700 x 8001  www.nvma.ca<http://www.nvma.ca>
e-mail: kirkpatrickn at dnv.org<mailto:kirkpatrickn at dnv.org>

Museum address: 209 West 4th St, North Vancouver (closing mid-2018)
Community History Centre (Archives & NVMA Offices) address: 3203 Institute Road, North Vancouver, BC V7K 3E5
NEW MUSEUM in Lower Lonsdale: Will open mid-2019!

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