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"We have heard many horror stories from nonprofits letting us know that they had to turn down gifts of $1 million or $2 million in bitcoin or another type of cryptocurrency, because they did not have their gift acceptance policy in place, their board was uncomfortable with a gift of that size coming to them in crypto or they had questions around accepting anonymous gifts," Rick Cohen, chief communications officer and operating officer at the National Council of Nonprofits, tells CNBC.
He says nonprofits often indicate in their policies that these types of gifts should be immediately liquidated to retain the full value of the donation, and that if they're unsure about accepting cryptocurrency donations, they don't have to advertise it on their site.
Cohen says most nonprofits don't have an acceptance policy at all.
"In most cases it isn't that they don't want it, it's that they haven't done it before, or maybe they'll take it, but they're not excited to take it," he says.
Hannah Berger, president of The Philanthropy Coach, tells CNBC that nonprofits often forget one crucial piece of their policy: who to talk to when a gift is questioned.
"Sometimes, donors will want to give a high-value asset to your nonprofit, but you
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
WBCSD aims to reduce 1 gigaton of GHG emissions (1 billion mtCO2 e) from its customers' carbon footprints by 2030 from a 2019 baseline.Over the last five years, we've reduced our customers'carbon...more
Musk Foundation steps in to fill a critical funding gap after federal support unexpectedly fell through earlier this year.The exact amount of the donation has not yet been disclosed, but sources...more
The Keweenaw Community Foundation launched the KEWeenaw Heartland Forest Fund Friday evening.The fund was established to support local management, sustainable access, and long-term care of...more
The initiative saw ZTE donate essential supplies and digital connectivity solutions worth 1 million THB to a Public charity organization, Baan Nokkamin Foundation.This foundation provides foster...more
Akeroyd serves as CIO of Lee Health, a role he assumed in June 2025 after nearly a decade with Children's Health in Dallas.Baker oversees IT, health information management, medical informatics,...more
We provide five core services: Advocacy, Independent Living Skills Training, Peer Support, Information and Referral, and Transition.Early intervention starts at birth and goes to age 3, with...more
The passing of my father was a transformative moment for me.This perspective shift is why I now dedicate much of my energy to youth programs and community development.I've leaned heavily on...more
Janet was joined by the CFNSV's executive director, Nancy Baker, and Erik Beatley, the board chair.They shed light on the foundation's crucial role in the community and their efforts to bolster local...more
OpenAI should continue to be controlled by a nonprofit.The artificial intelligence technology it is developing is "too consequential" to be governed by a corporation alone.The recommendations are not...more
Foundation: Arizona Community Foundation
Arizona Community Foundation of Yavapai County has surpassed $100 million in assets under management.The milestone reflects the deep trust the community places in the community foundation.ACF is...more
Nonprofit Management News from...
Washington Area Women's Foundation
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Community Foundations of the Hudson Valley
Headwaters Foundation for Justice
MacArthur Foundation
Marguerite Casey Foundation
San Francisco Foundation
Hewlett Foundation
Zellerbach Family Foundation
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
