Paul Sullivan, Wealth Matters, NY Times (July 30, 2021): Nonprofits Get a New Type of Donation: Cryptocurrency

Paul Sullivan’s weekly New York Times Wealth Matters column focuses on cryptocurrency donation. His article, “Nonprofits Get a New Type of Donation: Cryptocurrency,” begins as follows:

The University of Pennsylvania recently announced a $5 million gift to Wharton, its business school. The donation was not one of its largest, but the university announced the gift with the type of fanfare it usually lavishes on gifts many times its size.

What gives?

The gift, from an anonymous donor, was in Bitcoin. The announcement, therefore, was a trial balloon — a signal that cryptocurrencies are now as acceptable for donations as stocks, bonds, real estate and other investments.

Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.

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