nonprofit

If anyone runs or knows of a 501(c)(3) charity willing to:

1. Set up a Farcaster profile
2. Connect an Ethereum address
3. Accept donations in USDC on @base via Pay on Warpcast

Would be happy to feature them in some marketing and I'll personally donate the first $100.

Question for my nonprofit friends and 501(c)(3) Ops people, 

If you accept crypto directly to a wallet address and not through an intermediary, are you providing tax deductible receipts? How would you see that working if you (hypothetically) accepted payments through Pay on Warpcast? Do nonprofits ever accept donations and say "sorry no receipt". 

I'm thinking through scenarios as I get this set up

cc: @zachfrench @irinaliakh

building families as ED and cofounder of The Surrogacy Foundation; pfp /beans

community builder /bright-moments, storyteller, AI enthusiast, activist, nonprofit founder /crystal-hearts @crystalhearts 🤍🇺🇦📍Venice Beach 🌊

The smartest way to give. Onchain, tax-deductible donations of crypto, stock or cash to 1.8m+ nonprofits in 150+ countries. Open a fund for free today.

Cohost /gmfarcaster livestream Farcaster news show 🎙️💬 Founder Tenger Ways, bringing joy into work with DevOps practices 🤗 mom x 3 💗

My understanding: You’re more than welcome to provide receipt for any donation you receive as a c3.

Value of deduction is on donor to prove/substantiate in their own tax return. You (the c3) just have to provide acknowledgement if the donor requests.

Depending on what you do with the gift, the size of the gift, and when you sell the gift might have additional reporting requirements. 

We built @endaoment to eliminate this overhead and handle the receipting and reporting for nonprofits and donors alike.

working on @endaoment, hosting /philanthropy


🙏 thanks, this is helpful 

3000 $degen