Digital asset basics for NFPs: Accepting and valuing crypto gifts

As crypto assets (crypto) continue to make the headlines and push into the mainstream of finance, more nonprofits are seeking solutions for donations of these assets and asking questions about accounting implications. According to Fidelity Charitable’s 2023 Giving Report, donors contributed $38 million in cryptocurrency assets to Fidelity Charitable in 2022—and surpassed $500 million in total crypto donations since Fidelity Charitable began accepting these assets in 2015. This article outlines the basics for accepting and valuing donations of bitcoin and