Pay with Crypto Currencies (bitcoin, ethereum, etc)

Discussions about the Online Donation system.
jpierce21
New Member
Posts: 2
Joined: Sun Sep 08, 2019 5:14 am

Re: Pay with Crypto Currencies (bitcoin, ethereum, etc)

#11

Post by jpierce21 »

Nov 2021 Update:

YES there is a way to donate Bitcoin (or crypto):
1. Set up a Donor Advised Fund with Fidelity (or others)
2. Donate your BTC the Fidelity Charitable Giving Account (no fees except small on-chain transaction fee)
3. Fidelity sells the BTC and contributes those funds (in USD) to the Church in your name
4. The Church sends you a receipt for the value donated in kind

Link to Open a Giving Account: https://www.fidelitycharitable.org/givi ... arity.html

More info: I spoke today with Derek Carter (Donations Director at the Church of Jesus Christ of Latter-day Saints) and he said that they don't currently accept Bitcoin or crypto. They get 10 calls daily requesting this and have been turning people down. However, I looked into it and found they do accept donations from donor-advised funds like Fidelity - it just has to arrive in cash or accepted in-kind donations. We agreed this would be a workable way for people to donate Bitcoin and possible a source to point people to going forward.

Helpful contacts:
801-240-4554 Church Donations Director for specific Q's (spoke with Derek Carter)
800-682-4438 Fidelity Charitable Gift Accounts (spoke with Jeremy)
seth.wagenman
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Posts: 31
Joined: Mon Nov 16, 2009 5:28 am
Location: Ohio
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Re: Pay with Crypto Currencies (bitcoin, ethereum, etc)

#12

Post by seth.wagenman »

Maybe the Church could go with GivingBlock?
https://thegivingblock.com/
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