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Author Topic: [ANN] Bit-pay Merchant Solutions for Charities & Non-Profits  (Read 4229 times)
koin
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October 07, 2011, 03:32:26 AM
 #41

We have a 501(c)(3) organization now accepting Bitcoin donations with Bit-Pay.

http://templeoftantra.org/

We have verified their status with the IRS and Bit-Pay will process all Bitcoin donations free of charge for the charity!

seriously?  http://www.cnn.com/2011/US/09/09/arizona.church.prostitution
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nhodges
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October 07, 2011, 04:06:51 AM
 #42

1)Both wikileaks and the EFF do not take donations in bitcoin....HINT HINT HINT
2)The charity has liability for what happens with bit-pay...but bit-pay is the same as Visa right? LOL.
3)Someone should read about the record keeping requirements for a charitable contribution.

Im not listing all the problems with your scam.

WikiLeaks does ... http://wikileaks.org/Donate.html

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October 07, 2011, 04:29:18 AM
 #43

.
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October 07, 2011, 05:18:15 AM
 #44

Wow, that's serious religion prosecution

I wonder why that doesn't happens when christians go around asking "stop teaching evolution to kids" and idiocies like that... no wait, i know why...
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July 02, 2012, 01:51:40 AM
 #45

Thanks to Anthony at Bit-Pay, Subud CA at San Diego can now accept BTC donations by posting signs ( draft version at http://dl.dropbox.com/u/16538039/bitcoinsign.pdf ) and sending fundraising emails with the QR code that would have otherwise just been on a single card.

If I didn't just have BTC0.00728 at the moment, I would send my own test payment.

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May 14, 2013, 09:10:08 PM
 #46

Just a warning to fellow non-profits who have provided documentation, it looks like our status may have been switched to merchant, so fees are now erroneously incurred.

ETA 6-25-13: We just got a fee refund, but ~100x what the refund should have been ($0.10 USD, not 0.1 BTC)  Huh
ETA 6-29-13: Issue resolved, I think.

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BitPay Business Solutions
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May 14, 2013, 11:34:18 PM
 #47

Just a warning to fellow non-profits who have provided documentation, it looks like our status may have been switched to merchant, so fees are now erroneously incurred.

This may have happened when we reduced the fees from 2.69% to 0.99%.  if there are fees on your account please open a support ticket at support@bitpay.com and make sure you include the email address registered on your bitpay account.


BitPay : The World Leader in Bitcoin Business Solutions

https://bitpay.com

Does your website accept bitcoins?
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May 15, 2013, 12:18:55 AM
 #48

I think you are misinformed.  Anonymous donations are quite common (at least in the US).  The ability to make truly anonymous donations using bitcoin might actually be a highly desirable feature.  All the IRS cares about is that you can prove that you actually made the contribution that you claimed on your tax form should they decide to audit you.  Half the time that I've donated, the charity gave me a blank receipt and let me fill it out.  And, as far as a receipt goes, just about anything goes...the IRS has no standard form for such receipts.

I can't comment on bitcharity.org, but one thing you could do is inform the charity of any donations to those addresses (and the charity themselves could monitor transactions to those addresses).

I disagree that tax-deductible anonymous donations are quite common. Sure anyone can accept bitcoins, but to meet the IRS rules, either the deductor or the charity have to have records. As far as a charity handing out blank tax deductible donation receipts, that wont work with the IRS where you just fill in the amount and they accept that position. I'll admit not all businesses know all regulations, and not all filings and records are in proper order. But if you look at the rules set out, they dont entitle anonymous tax deductible donations.

Anonymous donations are very common.   You are correct that either the person claiming a deduction or or the charity needs to have records.  I think you're confusing anonymity and record keeping.  As far as the IRS is concerned, they only care that you can prove to them that you made the donation (the proof can be in many forms and is only actually needed should you get audited).  The charity does not have to know who made the donation.  In fact, my previous employer allowed donations through payroll deduction and you could select an option to remain anonymous.  Obviously, the employer would know who made the donation, but the charity would not.  And those donations are definitely tax deductible.

I don't believe that that is correct. I've worked the charity side of audits a number of times and the auditors always insisted that the charity have a record of who made the donation for their tax purposes. I'm not saying this is definitive but it's always been the case with charities that I've worked with.  I'd recommend that you talk with a reputable non-profit audit/tax firm to be clear on the rules. It's a generous offer, but please make sure you have your i's dotted and t's crossed.

Bitcoin: 16i8sQWjZo3QPhhSfWupJff5PtwTxxpRJJ
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