Changes

UPDATE, MONDAY APRIL 30October 17, 20182019: At this timeYes, we are unfortunately unable the Mozilla Foundation is now able to accept bitcoin donations. We are currently investigating new solutions around reenabling of bitcoins or bitcoin donationscash through Bitpay. If you have questions, check out [https://donate.mozilla.org/en-US/faq our FAQ] or contact us at donate@mozilla.org.

Ordinarily such fluctuations, like those of other investments, are not troublingNo. Mozilla’s bitcoin wallet service provider, CoinbaseBitpay, also provides Mozilla and other nonprofit clients the ability to convert bitcoins /bitcoin cash received into U.S. dollars at any timeimmediately after they are donated. Thus, Mozilla retains full power does not hold these assets long enough for any fluctuations in value to keep bitcoin or to convert it into dollars without losing affect the value, whichever seems more prudent at the timeof a donation.

While Mozilla may elect to have Coinbase convert some donated bitcoin into United States dollarsNo. Bitpay’s service fees, at a flat 1%, Coinbase waives all are actually lower than credit card or Paypal transaction fees for nonprofits who use its service, including Mozilla. That means the value in US Dollars of the bitcoin received by Mozilla (and the U.S. dollars it receives if it converts its bitcoin to cash) is the same amount donated by the donor and/or converted by Mozilla, without further reduction.

The Mozilla Foundation is a California non-profit corporation exempt from United States federal income taxation under IRC 501(c)(3) and a public charity classified under IRC sections 170(b)(1)(A) and 509(a)(1). Bitcoin /bitcoin cash donations Mozilla receives are considered charitable contributions under U.S. federal tax laws, to be used in its discretion for its charitable purposes.

Because the IRS has indicated that it will treat bitcoin bitcoins as property for U.S. tax purposes (see IRS Notice 2014-21), donations of bitcoin bitcoins may be subject to special rules as to the amount of your charitable deduction, the documentation that must be provided to claim a tax deduction(which may include specific tax forms or qualified appraisals), or other matters. (See http://www.irs.gov/taxtopics/tc506.html for an overview.) Depending on your individual circumstancecircumstances, a gift of bitcoin bitcoins could have better or worse tax consequences than a cash gift. You may wish to consult your tax advisor about the tax consequences of giving bitcoins in your specific circumstances and about the documentation required in order to claim a deduction.

We appreciate our donors and are happy to provide confirmation of their donation upon request. All bitcoin donors should automatically receive an acknowledgement of their donation for U.S. tax purposes, sent via email to the address they provide when they donate. <br>Depending on the amount of their non-cash contributions during the year, donors may also determine that they need the Mozilla Foundation to sign a Form 8283 confirming its receipt of their donation (e.g., if their total bitcoin donations to all charities for the year exceed $5,000). Mozilla Foundation is happy to sign a donor’s Form 8283 upon request, but it is the donor’s sole responsibility to determine whether this is necessary and, if so, to provide the form for signature at least 10 business days in advance. PDF copies of the form may be sent to donate@mozilla.org for signature. Any other documentation (e.g., an appraisal) remains the donor’s sole responsibility.

In most cases, Mozilla requires only an email address, which is necessary so that Mozilla can send them an acknowledgment letter for tax purposes. <br>For bitcoin contributions of more than $5,000, and other contributions for which the donor provides Form 8283 to Mozilla for signature, Mozilla expects to file a Form 8282 with the IRS in connection with any subsequent disposition of the donated bitcoins during the three years following the gift. In such cases, we will request the donor’s name, address, and U.S. tax identification number so that we can properly complete our tax forms. Typically, the donor is required to provide that information to Mozilla on a Form 8283 in any event, in order to secure his or her own tax deduction (see above). If we do not hear from a donor within 90 calendar days from the date of his or her donation, we reserve the right to file the Form 8282 using our best available information.

<h5>How secure is CoinbaseIf I donated in bitcoin, can I request a refund of my donation?</h5>Coinbase is committed Unfortunately bitcoin donations to keeping its platform secure by encrypting all sensitive customer information and storing 97% of funds offline to protect against theft. Coinbase also utilizes an active community of security researchers to encourage the continuous auditing of their platform. For more information on the measures Coinbase takes to protect your funds and informationMozilla Foundation are generally not refundable, visit their Security page:https://www.coinbaseexcept as may be required by law or in exceptional circumstances.com/security