Crypto gifts gain in popularity despite volatility: What nonprofits need to know about taking cryptocurrency.

Whether cryptocurrency markets and donations are here to stay or fading fast is anyone's guess following a mid-May crash of the market. But prior to the crash, digital currency donations were on the rise, and an increasing number of charities were betting crypto would continue to gain favor with investors- turned-donors. Those gifts represent another way charitably-inclined investors can benefit nonprofits, while also offsetting capital gains taxes for investors who make money in the market and providing federal tax deductions. [Extracted from the article]