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<p class="MsoNormal"><span style="color:#1F497D">Hello Nancy,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">While I would doubt that many museums contemplate receiving gifts of cryptocurrency, depending upon the NVMA’s investment policies and risk tolerance, it might be prudent to retain the donation in Bitcoin. R<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Has anyone else received Bitcoin donations?
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Its value is volatile but certainly on a significant rise. Today Bitcoin broke the $10K USD mark ($14K+ CDN) for the first time, which is about double where it was trading in the Summer, and up from $850 CDN
in the Summer of 2016 ($1000% increase).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">A more conservative strategy would conduct the exchange somehow as part of the donation process, but the reliability of the donor would be a mitigating factor for me.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Definitely an interesting problem to have!
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">-Matthew<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;color:#1F497D"><img width="162" height="102" id="Picture_x0020_1" src="cid:image001.gif@01D36922.19353BC0" alt="cid:021060022@24032011-0C05"></span><span lang="EN-US" style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:14.0pt;color:#E36C0A">Matthew Francis<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:10.0pt;color:#1F497D">Executive Director</span><span lang="EN-US" style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:10.0pt;color:#1F497D">Chilliwack Museum and Archives</span><span lang="EN-US" style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:10.0pt;color:#1F497D">45820 Spadina Avenue</span><span lang="EN-US" style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:10.0pt;color:#1F497D">Chilliwack, BC V2P 1T3</span><span lang="EN-US" style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:10.0pt;color:#1F497D">Phone: (604) 795-5210<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:10.0pt;color:#1F497D">Mobile: (604) 845-1063</span><span lang="EN-US" style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="color:#1F497D"><a href="http://www.chilliwackmuseum.ca/"><span style="font-size:10.0pt;color:blue">www.chilliwackmuseum.ca</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span lang="EN-US" style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span lang="EN-US" style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> bcma-bounces@lists.vifa.ca [mailto:bcma-bounces@lists.vifa.ca]
<b>On Behalf Of </b>Moderated BCMA subscriber listserv.<br>
<b>Sent:</b> November-29-17 1:14 PM<br>
<b>To:</b> bcma@lists.vifa.ca<br>
<b>Cc:</b> Laurel Lawry<br>
<b>Subject:</b> [BCMA] Question regarding charitable donations using Bitcoin cryptocurrency<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<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">Nancy Kirkpatrick, Director<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F497D">North Vancouver Museum & Archives<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="color:#1F497D">604.990.3700 x 8001 </span><a href="http://www.nvma.ca"><span style="color:blue">www.nvma.ca</span></a><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">e-mail: </span><a href="mailto:kirkpatrickn@dnv.org"><span style="color:blue">kirkpatrickn@dnv.org</span></a><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="color:#1F497D">Museum address</span></b><span style="color:#1F497D">: 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">Community History Centre (Archives & NVMA Offices) address</span></b><span style="color:#1F497D">: 3203 Institute Road, North Vancouver, BC V7K 3E5<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="color:#1F497D">NEW MUSEUM in Lower Lonsdale:
</span></b><span style="color:#1F497D">Will open mid-2019!<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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