Use the “donations notes” field below to indicate a department or specific designation for your gift.
Why Do We Accept Cryptocurrency Donations?
Wake Forest recognizes the importance cryptocurrency plays in today’s economy and in the lives of our alumni, parents and friends. Donors may find it beneficial to make contributions of cryptocurrency and should consult their tax adviser regarding how donations of cryptocurrency and other highly appreciated assets may fit into their tax strategy.
Wake Forest’s ability to accept contributions of cryptocurrency was made possible, in part, by our alumni.
Why Donate In Cryptocurrency Specifically?
For donors in the United States, the IRS has classified cryptocurrency as a form of property for tax purposes. This means that when you donate Bitcoin or other cryptocurrencies to a 501(c)(3) nonprofit or University, like Wake Forest, you may not be required to pay capital gains tax on donated cryptocurrency and you may still be able to claim a deduction for your gift. Please consult your tax adviser for more information.
Wake Forest Gift Acceptance Requirements
- In accordance with Wake Forest Gift Acceptance Policy, all contributions of cryptocurrency are converted to cash immediately upon acceptance cannot be refunded for any reason.
- While we are happy to honor requests for anonymity, Wake Forest requires that all donors identify themselves when making a charitable contribution.
For more information contact: Gayle Parker | firstname.lastname@example.org | 336.758.6086.