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Topic: [ANN] Bit-pay Merchant Solutions for Charities & Non-Profits (Read 4772 times)

member
Activity: 70
Merit: 10
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.
hero member
Activity: 742
Merit: 500
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 [email protected] and make sure you include the email address registered on your bitpay account.

legendary
Activity: 3038
Merit: 1032
RIP Mommy
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.
legendary
Activity: 3038
Merit: 1032
RIP Mommy
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.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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...
sr. member
Activity: 300
Merit: 250
sr. member
Activity: 322
Merit: 251
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
legendary
Activity: 873
Merit: 1000
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
hero member
Activity: 602
Merit: 502
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!

Your payment page looks pretty good. I hadn't seen it until now.
hero member
Activity: 742
Merit: 500
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!




sr. member
Activity: 300
Merit: 250

These guys are promoting sound money. Their donation page could use a some bitcoin flare.

http://econstories.tv/donate/

hero member
Activity: 602
Merit: 502
They are written and will be published with the next update.  Man, you guys can't let us catch our breath!  LOL

It's tough to provide a service because people always want more and more (and sometimes they want something and when they get it they realize they really didn't need it after all). Anyway, it was just a suggestion. Take your time ... Cool
hero member
Activity: 742
Merit: 500
Congratulations on the improvements. Maybe you should get a section at your website for announcements? I see the Press/Media section there, but it doesn't have any info on opencart/charities.

They are written and will be published with the next update.  Man, you guys can't let us catch our breath!  LOL
hero member
Activity: 602
Merit: 502
Congratulations on the improvements. Maybe you should get a section at your website for announcements? I see the Press/Media section there, but it doesn't have any info on opencart/charities.
hero member
Activity: 868
Merit: 1008
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.
hero member
Activity: 742
Merit: 500
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.

I think you are creating a problem where none exists.  Charities know the rules.  Donors know the rules.  We're giving them another way to transact.  Let's be productive and talk to the charities where this can be helpful.

member
Activity: 105
Merit: 10
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.

member
Activity: 105
Merit: 10
1)Both wikileaks and the EFF do not take donations in bitcoin....HINT HINT HINT

http://wikileaks.org/support.html

Quote
Bitcoin

Bitcoin is a secure and anonymous digital currency. Bitcoins cannot be easily tracked back to you, and are safer and faster alternative to other donation methods. You can send BTC to the following address:

1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v

Various sites offer a service to exchange other currency to/from Bitcoins. There are also services allowing trades of goods for Bitcoins. Bitcoins are not subject to central regulations and are still gaining value. Read more about Bitcoins on Wikipedia

For maximum security, you can also request a one-time Bitcoin address. To do so, please join our IRC and type /msg Bitcoin new.

Our helpful bot will generate new donation address. Please make sure Bot is active on #bitcoin channel and has @ to the left of his nick.

You are correct. Wikileaks accepted donations starting June 2011, and before that I couldnt find any position against bitcoins. There was some momentum hoping they wouldnt accept bitcoins led by Satoshi and our friend BruceWagner(I am not trying to imply any relationship between Satoshi and BruceWagner) back in Dec2010. I shouldnt have mentioned wikileaks because they are not a 501c3 org.

hero member
Activity: 530
Merit: 500
1)Both wikileaks and the EFF do not take donations in bitcoin....HINT HINT HINT

http://wikileaks.org/support.html

Quote
Bitcoin

Bitcoin is a secure and anonymous digital currency. Bitcoins cannot be easily tracked back to you, and are safer and faster alternative to other donation methods. You can send BTC to the following address:

1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v

Various sites offer a service to exchange other currency to/from Bitcoins. There are also services allowing trades of goods for Bitcoins. Bitcoins are not subject to central regulations and are still gaining value. Read more about Bitcoins on Wikipedia

For maximum security, you can also request a one-time Bitcoin address. To do so, please join our IRC and type /msg Bitcoin new.

Our helpful bot will generate new donation address. Please make sure Bot is active on #bitcoin channel and has @ to the left of his nick.

hero member
Activity: 868
Merit: 1008
yes, if you get the receipt...which they are not suppose to hand out if they dont know who the donor is. The charity by law must keep record of the source of donations. A terrorist cant give $1 million confidentially to AlQCharity#5 without any records....nor can you just type in someone else's credit card# for your donation....well thats how its supposed to work. Bitpay saying who the donor is not going to cut it either.

As I said, wait until there is a dispute....but then again, maybe there are some charities willing to put their 501c3 status on the line to accept bitcoins through some payment processor.

I did look at a site, http://www.bitcharity.org/#addresses, which claims a bitcoin address for Amnesty International....which seems like their(bitcharity) address that who knows what happens after that. I didnt see a 501c3 listed there for the direct donations. Freedombox doesnt have any records on the foundation lookup(it doesnt claim to be a 501c3 either)...http://bartlett.oag.state.ny.us/Char_Forms/search_charities.jsp

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).
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