What Not-for-Profits Should Know Before Accepting Digital Assets as Donations

Although some of the hype around cryptocurrencies has leveled over the last year, it’s clear that digital assets are here to stay, and the not-for-profit industry should understand how this impacts them. In this episode of But Who’s Counting?, David E. Hartley discusses the possible future of crypto in not-for-profit organizations with Jeanne M. Dee, audit partner and leader of the Anders Not-for-Profit team, including the following highlights: 

·       The current accounting rules regarding crypto and digital assets in the not-for-profit industry

·       Possibility for fair value accounting going forward and how that might affect organizations

·       What to consider before accepting digital asset or cryptocurrency donations

·       Why a well-thought-out gift acceptance policy is more important than ever

·       Multiple strategies organizations can consider when accepting crypto donations

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