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adrienne
@adrienne
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
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Zach French
@zachfrench
Most of the giving software automatically generates receipts. In this instance you could put it on the donor to generate a receipt However anything over $250 and you are required to give an acknowledgment letter So you’d need to gather a bit of PI
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adrienne
@adrienne
Thx Zach. No giving software intermediary in this scenario. I also got this piece of info from someone, which made it seem like donor could generate a receipt but they'd still need our taxid "Tax note: If donors do give crypto directly, a nonprofit cannot assign a monetary value, as crypto is treated as an in-kind donation. Valuation is up to the donor and their tax advisor."
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Zach French
@zachfrench
Is there an easy way to create another WC account for the foundation without signing out everywhere?
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adrienne
@adrienne
@super /supercast was best for managing multiple accounts Think I recall Dan saying Warpcast was gonna make it easier too @nounishprof might know more
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Zach French
@zachfrench
Maybe I am technologically challenged but still can’t figure it out
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