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<div><font face="Calibri">Hi Nancy,</font></div>
<div><font face="Calibri"><br>
</font></div>
<div><font face="Calibri">An Associate with our firm has some knowledge/experience with Bitcoin and has the following advice on the process:</font></div>
<div><font face="Calibri"><br>
</font></div>
<div>
<div><font face="Calibri">To accept the donation and convert it into cash the museum will have to:</font></div>
<ol>
<li><font face="Calibri">Get a bitcoin wallet (essentially an address that the bitcoin can be transferred to). Wallet.btc.com </font></li><li><font face="Calibri">Have the donor send the bitcoin to the address.</font></li><li><font face="Calibri">Sell the bitcoin through a bitcoin exchange (can be done through bittrex or quebex or many others). These methods take fees for finding buyers and completing the transfer. They will vary a lot website to website. Many exchanges also
don’t deal with Canadian banks so some research is required.</font></li></ol>
<div><font face="Calibri">There is a lot of bitcoin hacking happening and so I would recommend getting a hardware wallet if you will keep the bitcoin for an extended period of time. </font><span style="font-family: Calibri;">FYI: The amount donated, after converting
to cash and assuming bitcoin is trading at the same value, will not be the same amount due to the conversion fees. A charitable receipt could them be issued for the final amount received.</span></div>
<div><span style="font-family: Calibri;"><br>
</span></div>
<div>It’s a bit of an involved process, but it can be done.</div>
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<div><br>
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<div>If you have any other questions, please feel free to reach out.</div>
<div><br>
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<div>Cheers,</div>
<div>Amy</div>
<div><br>
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<div><span class="Apple-style-span" style="font-size: 12px;"><font face="Helvetica" color="#797979"><b>Amy Calder, MA</b></font></span></div>
<div><span class="Apple-style-span" style="font-size: 12px;"><font face="Helvetica" color="#797979">Associate, Strategic Planning</font></span></div>
<div><span class="Apple-style-span" style="font-size: 12px;"><font face="Helvetica"><font color="#999999"><br>
</font></font></span></div>
<div><span class="Apple-style-span" style="font-size: 12px;"><font face="Helvetica" color="#00aaad"><b>Cornerstone Planning Group</b></font></span></div>
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<span style="font-weight:bold">From: </span><<a href="mailto:bcma-bounces@lists.vifa.ca">bcma-bounces@lists.vifa.ca</a>> on behalf of "Moderated BCMA subscriber listserv." <<a href="mailto:bcma@lists.vifa.ca">bcma@lists.vifa.ca</a>><br>
<span style="font-weight:bold">Reply-To: </span>"<a href="mailto:bcma@lists.vifa.ca">bcma@lists.vifa.ca</a>" <<a href="mailto:bcma@lists.vifa.ca">bcma@lists.vifa.ca</a>><br>
<span style="font-weight:bold">Date: </span>Wednesday, November 29, 2017 at 1:14 PM<br>
<span style="font-weight:bold">To: </span>"<a href="mailto:bcma@lists.vifa.ca">bcma@lists.vifa.ca</a>" <<a href="mailto:bcma@lists.vifa.ca">bcma@lists.vifa.ca</a>><br>
<span style="font-weight:bold">Cc: </span>Laurel Lawry <<a href="mailto:LawryL@dnv.org">LawryL@dnv.org</a>><br>
<span style="font-weight:bold">Subject: </span>[BCMA] Question regarding charitable donations using Bitcoin cryptocurrency<br>
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<p class="MsoNormal">I’ve been off this listserv for a couple of months, so my apologies if this question has been answered recently.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">What I would like to know is if anyone has had experience with Bitcoin and has advice on the situation described below:
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Do any of you have thoughts or advise about this situation?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks,<o:p></o:p></p>
<p class="MsoNormal">Nancy<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="color:#1F497D;mso-fareast-language:EN-CA">Nancy Kirkpatrick, Director<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F497D;mso-fareast-language:EN-CA">North Vancouver Museum & Archives<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-CA">604.990.3700 x 8001
</span><a href="http://www.nvma.ca"><span style="color:blue;mso-fareast-language:EN-CA">www.nvma.ca</span></a><span style="color:#1F497D;mso-fareast-language:EN-CA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-CA">e-mail:
</span><a href="mailto:kirkpatrickn@dnv.org"><span style="color:blue;mso-fareast-language:EN-CA">kirkpatrickn@dnv.org</span></a><span style="color:#1F497D;mso-fareast-language:EN-CA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-CA"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="color:#1F497D;mso-fareast-language:EN-CA">Museum address</span></b><span style="color:#1F497D;mso-fareast-language:EN-CA">: 209 West 4<sup>th</sup> St, North Vancouver (closing mid-2018)<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="color:#1F497D;mso-fareast-language:EN-CA">Community History Centre (Archives & NVMA Offices) address</span></b><span style="color:#1F497D;mso-fareast-language:EN-CA">: 3203 Institute Road, North Vancouver, BC V7K 3E5<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="color:#1F497D;mso-fareast-language:EN-CA">NEW MUSEUM in Lower Lonsdale:
</span></b><span style="color:#1F497D;mso-fareast-language:EN-CA">Will open mid-2019!<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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