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edits
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Further clarity
You can find a list of supported crypto wallets here: https://support.bitpay.com/hc/en-us/articles/115005701523-Which-wallets-work-best-for-a-BitPay-payment-
<h5>Is Mozilla worried about the fluctuating value of bitcoincryptocurrencies?</h5>No. Mozilla’s service provider, Bitpay, provides Mozilla and other nonprofit clients the ability to convert bitcoins/bitcoin cash cryptocurrencies received into U.S. dollars immediately after they are donated. Thus, Mozilla does not hold these assets long enough for any fluctuations in value to affect the value of a donation.
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<h5> Does giving bitcoin cryptocurrency result in more of my charitable donation going to transaction fees?</h5>
No. Bitpay’s service fees, at a flat 1%, are actually lower than credit card or Paypal transaction fees.
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<h5>Is it tax-deductible to donate using bitcoincryptocurrencies?</h5>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 Cryptocurrency donations Mozilla receives are considered charitable contributions under U.S. federal tax laws, to be used in its discretion for its charitable purposes.
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<h5>Are there any special tax rules for contributions of bitcoincryptocurrency?</h5>Because the IRS has indicated that it will treat bitcoins cryptocurrency as property for U.S. tax purposes (see IRS Notice 2014-21), donations of bitcoins cryptocurrency 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 circumstances, a gift of bitcoins cryptocurrency 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 cryptocurrency in your specific circumstances and about the documentation required in order to claim a deduction.
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<h5>What documentation does Mozilla provide to donors?</h5>
We appreciate our donors and are happy to provide confirmation of their donation upon request. All bitcoin cryptocurrency donors should automatically receive an acknowledgement acknowledgment of their donation for U.S. tax purposes, sent via email to the address they provide when they donate.
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.
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<h5>What personal information does Mozilla require Bitcoin cryptocurrency donors to provide?</h5>
In most cases, Mozilla requires only an email address, which is necessary so that Mozilla can send them an acknowledgment letter for tax purposes.
For bitcoin cryptocurrency 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 cryptocurrency 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.
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<h5>If I donated in bitcoincryptocurrency, can I request a refund of my donation?</h5>Unfortunately bitcoin , cryptocurrency donations to the Mozilla Foundation are not refundable, except as may be required by law or in exceptional circumstances.
