A request has been received for the support of donations in bitcoin.
The board declines to support this method of donation at this time. We will re-evaluate at some point in the future. I will discuss this with our CPA to better understand the reporting burden and other implications of holding this class of asset.
Is there a broker that will let someone donate bitcoins to us and convert them into dollars at the same time (so we do not have to hold the assets as bitcoin?) -A
Yes, at least Bitpay and Coinbase can do that.
+1
Bitcoin still exists. This might be interesting: https://blog.wikimedia.org/2014/07/30/wikimedia-foundation-now-accepts-bitcoin/
This was discussed in https://www.gentoo.org/foundation/en/minutes/2014/meeting-12-21.log Dec 21 14:12:21 <NeddySeagoon> Bug 476718 Dec 21 14:12:23 <willikins> NeddySeagoon: https://bugs.gentoo.org/476718 "Request for bitcoin donation support"; Gentoo Foundation, Proposals; CONF; rich0:trustees Dec 21 14:13:51 <Betelgeuse> Coinbase seems ok to me. I would like an ACK from our accountant first though. Dec 21 14:14:41 <NeddySeagoon> We discussed bitcoin and stocks and shares donations a year or so ago and decided that they should be discouraged. But if anyone insisted, we would cash them soonest as holding other forms of investment is not our coure business Dec 21 14:15:08 <NeddySeagoon> core* Dec 21 14:15:34 <Betelgeuse> Is there any benefit for direct stocks and shares donations instead of the donor converting them to cash first? Dec 21 14:15:50 <NeddySeagoon> Betelgeuse, not to us, no. Dec 21 14:16:17 <NeddySeagoon> Bitcoin values vary considerably ... Dec 21 14:16:24 <Betelgeuse> NeddySeagoon: I was mainly asking from donor perspective Dec 21 14:17:42 <NeddySeagoon> Betelgeuse, I don't know the tax laws well enough to comment. We need a USA member Dec 21 14:18:13 <SwifT> not only tax laws, but we also need a more worked out suggestion than just "please accept bitcoin" Dec 21 14:18:23 <NeddySeagoon> ping Guest21526 Dec 21 14:19:10 <NeddySeagoon> SwifT, exactly. Thats why we opted to discourage it when it was last discussed Dec 21 14:19:54 <NeddySeagoon> Lets wove on ... we cannot resolve it today https://www.freebsdfoundation.org/donate/bitcoin BitPay https://blog.wikimedia.org/2014/07/30/wikimedia-foundation-now-accepts-bitcoin/ CoinBase http://www.openbsdfoundation.org/donations.html BitPay In addition here's a list: https://en.bitcoin.it/wiki/Donation-accepting_organizations_and_projects Regarding taxes, maybe this is helpful: http://www.irs.gov/uac/Newsroom/IRS-Virtual-Currency-Guidance
15:01 < prometheanfire@> I move to say no for now and revisit in perhaps a year (for all cryptocurrencies) 15:01 < zlg@> I vote "no" for now, definite "maybe 15:02 < zlg@> " later 15:02 < dabbott@> no 15:02 < alicef@> defer 15:02 < kensington@> No 15:02 < prometheanfire@> ok, I think that means we want to defer to later 15:03 < zlg@> yes, sorry. defer 15:03 < prometheanfire@> :D 15:03 < dabbott@> ok So we'll close this bug as something at may be looked into later. What may be best is to discuss this on the gentoo-nfp mailing list so a full proposal can be submitted to be voted upon later.
