Why Do We Accept Cryptocurrency Donations?
Scottsdale Artists’ School recognizes the importance cryptocurrency plays in today’s economy and the lives of our alumni, parents, and friends. Donors may find it beneficial to make contributions to cryptocurrency and should consult their tax adviser regarding how donations of cryptocurrency and other highly appreciated assets may fit into their tax strategy.
Why Donate In Cryptocurrency Specifically?
For donors in the United States, the IRS has classified cryptocurrency as a form of property for tax purposes. This means that when you donate Bitcoin or other cryptocurrencies to a 501(c)(3) nonprofit like Scottsdale Artists’ School, you may not be required to pay capital gains tax on donated cryptocurrency, and you may still be able to claim a deduction for your gift. Please consult your tax adviser for more information.
We accept the following cryptocurrencies: Bitcoin (BTC) Ethereum (ETH) Aave (AAVE) Alchemix (ALCX) Amp (AMP) Ankr Network (ANKR) API3 (API3) Axie Infinity Shards (AXS) Audius (AUDIO) Balancer (BAL) Bancor Network Token (BNT) BarnBridge (BOND) Basic Attention Token (BAT) Bitcoin Cash (BCH) ChainLink (LINK) Civic (CVC) Compound (COMP) Curve (CRV) Dai (DAI) Decentraland (MANA) Dogecoin (DOGE) Dogelon Mars (ELON) Enjin Coin (ENJ) Ethereum Name Service (ENS) Fantom (FTM) Fetch AI (FET) Filecoin (FIL) Gala (GALA) Gemini Dollar (GUSD) Injective Protocol (INJ) Keep3r (KP3R) Kyber Network (KNC) Litecoin (LTC) Livepeer (LPT) Loopring (LRC) Magic Internet Money (MIM) Maker (MKR) Mask Network (MASK) Merit Circle (MC) Mirror Protocol (MIR) Moss Carbon Credit (MCO2) Numeraire (NMR) Orchid (OXT) PAX Gold (PAXG) Polygon (MATIC) Quant (QNT) Radicle (RAD) Ren (REN) Render Token (RNDR) Shiba Inu (SHIB) Skale (SKL) Smooth Love Potion (SLP) Solana (SOL) Somnium Space (CUBE) Spell Token (SPELL) Storj (STORJ) SushiSwap (SUSHI) Synthetix (SNX) Terra (LUNA) TerraUSD (UST) Tezos (XTZ) The Graph (GRT) The Sandbox (SAND) UMA (UMA) Uniswap (UNI) USD Coin (USDC) Wrapped Centrifuge (wCFG) Yearn.Finance (YFI) Zcash (ZEC) 0x (ZRX) 1inch (1INCH)
Scottsdale Artists’ School Gift Acceptance Requirements
- By Scottsdale Artists’ School Gift Acceptance Policy, all contributions of cryptocurrency are converted to cash immediately upon acceptance and cannot be refunded for any reason.
- While we are happy to honor requests for anonymity, Scottsdale Artists’ School requires that all donors identify themselves when making
a charitable contribution.