Nonprofit Law

Bitcoin Benefactors: Navigating the Legal Maze of Crypto Donations

Credits Available
Credit Status Total
Alaska CLE Approved 1.5 Total
Alabama CLE Approved 1.5 Total
Arkansas CLE Approved 1.5 Total
Arizona CLE Approved 1.5 Total
California CLE Approved 1.5 Total
Colorado CLE Approved 2 Total
Connecticut CLE Approved 1.5 Total
Delaware CLE Approved 1.5 Total
Florida CLE Approved 2 Total
Georgia CLE Approved 1.5 Total
Hawaii CLE Approved 1.5 Total
Iowa CLE Upon Request 1.5 Total
Idaho CLE Approved 1.5 Total
Illinois CLE Approved 1.5 Total
Indiana CLE Approved 1.5 Total
Kansas CLE Upon Request 1.5 Total
Louisiana CLE Approved 1.5 Total
Maine CLE Approved 1.5 Total
Minnesota CLE Approved 1.5 Total
Missouri CLE Approved 1.8 Total
Northern Mariana Islands CLE Approved 1.5 Total
Montana CLE Approved 1.5 Total
North Dakota CLE Upon Request 1.5 Total
Nebraska CLE Approved 1.5 Total
New Hampshire CLE Approved 1.5 Total
New Mexico CLE Approved 1.5 Total
Nevada CLE Approved 1.5 Total
New York CLE Approved 1.5 Total
Ohio CLE Approved 1.5 Total
Oklahoma CLE Approved 2 Total
Oregon CLE Approved 1.5 Total
Pennsylvania CLE Approved 1.5 Total
Rhode Island CLE Upon Request 1.5 Total
South Carolina CLE Approved 1.5 Total
Tennessee CLE Approved 1.5 Total
Texas CLE Approved 1.5 Total
Utah CLE Approved 1.5 Total
Vermont CLE Approved 1.5 Total
Washington CLE Approved 1.5 Total
Wisconsin CLE Approved 1.5 Total
West Virginia CLE Approved 1.8 Total
Wyoming CLE Approved 1.5 Total
OnDemand
1 hours 16 minutes
John Cahill
With John P. Cahill from Wilson Elser
Recorded February 10, 2025
Product ID 99924

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Overview

Critical Considerations for Nonprofits and Donors

Cryptocurrencies are becoming increasingly popular for charitable giving, offering donors faster, more secure, and lower-cost transactions compared to traditional payment methods. Accepting crypto gifts directly is tricky for charities because of value fluctuation, tax and documentation/receipt issues, converting digital assets to flat currency, and other issues. For donors, crypto assets pose their own problems: claiming the deduction, meeting timelines, etc. There ARE ways to mitigate the risks, and this course will outline them. Register today!

  • Learn how cryptocurrency donations are classified and reported.
  • Weigh donor anonymity vs. transparency requirements.
  • Identify and overcome top challenges to setting up a crypto donations program.

Abbreviated Agenda

  1. Determining the Value of the Donation
  2. Due Diligence
  3. Cybersecurity
  4. Setting Up a Digital Wallet
  5. Documentation/Receipt
  6. Claiming the Tax Deduction
  7. Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) Regulations: What Donor Information Must be Provided
  8. Reporting and Risk Mitigation Solutions

Related Topics

Product ID 99924

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 1.5 Total
Alabama CLE Approved 1.5 Total
Arkansas CLE Approved 1.5 Total
Arizona CLE Approved 1.5 Total
California CLE Approved 1.5 Total
Colorado CLE Approved 2 Total
Connecticut CLE Approved 1.5 Total
Delaware CLE Approved 1.5 Total
Florida CLE Approved 2 Total
Georgia CLE Approved 1.5 Total
Hawaii CLE Approved 1.5 Total
Iowa CLE Upon Request 1.5 Total
Idaho CLE Approved 1.5 Total
Illinois CLE Approved 1.5 Total
Indiana CLE Approved 1.5 Total
Kansas CLE Upon Request 1.5 Total
Louisiana CLE Approved 1.5 Total
Maine CLE Approved 1.5 Total
Minnesota CLE Approved 1.5 Total
Missouri CLE Approved 1.8 Total
Northern Mariana Islands CLE Approved 1.5 Total
Montana CLE Approved 1.5 Total
North Dakota CLE Upon Request 1.5 Total
Nebraska CLE Approved 1.5 Total
New Hampshire CLE Approved 1.5 Total
New Mexico CLE Approved 1.5 Total
Nevada CLE Approved 1.5 Total
New York CLE Approved 1.5 Total
Ohio CLE Approved 1.5 Total
Oklahoma CLE Approved 2 Total
Oregon CLE Approved 1.5 Total
Pennsylvania CLE Approved 1.5 Total
Rhode Island CLE Upon Request 1.5 Total
South Carolina CLE Approved 1.5 Total
Tennessee CLE Approved 1.5 Total
Texas CLE Approved 1.5 Total
Utah CLE Approved 1.5 Total
Vermont CLE Approved 1.5 Total
Washington CLE Approved 1.5 Total
Wisconsin CLE Approved 1.5 Total
West Virginia CLE Approved 1.8 Total
Wyoming CLE Approved 1.5 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Bitcoin Benefactors: Navigating the Legal Maze of Crypto Donations

    1. Determining the Value of the Donation
    2. Due Diligence
    3. Cybersecurity
    4. Setting Up a Digital Wallet
    5. Documentation/Receipt
    6. Claiming the Tax Deduction
    7. Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) Regulations: What Donor Information Must be Provided
    8. Reporting and Risk Mitigation Solutions

Who Should Attend

This legal course is designed for attorneys. Accountants, tax professionals, nonprofit directors, and paralegals will also benefit.

Speakers

John P Cahill
John P.
Cahill
Wilson Elser
Speaker bio
John P Cahill

John P. Cahill

Wilson Elser
John Cahill

is an associate attorney with the White Plains, New York office of Wilson Elser. He handles a range of matters, with a concentration in the developing field of cryptocurrencies, NFTs in particular. Mr. Cahill researches current trends, keeping up to date with all developments in the NFT space, in and outside the courtroom, to ensure that clients are in compliance with any current and developing legal restrictions. Given the milieu in which the business of cryptocurrency exists, he ensures clients are current with information security policies and programs to counter the emerging risks posed by bad actors, and that they use the proper methods of collecting and monitoring personal information. Mr. Cahill understands that a powerful cyber breach incident response is the gatekeeper for trust and credibility for blockchain-based companies. Prior to joining Wilson Elser, he spent two years with Chubb Insurance, where he worked on cyber law, corporate law and insurance law issues. While there, Mr. Cahill also participated in researching best practices with respect to critical initial response phases, forensics investigations and system restoration, as well as reporting and notification obligations arising from cybersecurity incidents. He also worked on a statewide campaign and a presidential campaign, and before that with All American Games, LLC. During that time, Mr. Cahill orchestrated, presented and executed numerous events throughout the country, formally inviting the nation's top players to the U.S. Army All American Bowl. He earned his B.S. degree from Saint Louis University and his J.D. degree from New York Law School.

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