Cryptocurrency Donations

Discuss These Items Below with the Donor Before Completing the Cryptocurrency Donation Form

• The University will accept cryptocurrency donations of $5,000 or greater from known donors. The UVA Gift Policy Committee will make the final determination of acceptance.
• As the IRS considers cryptocurrency personal property for income tax purposes, a qualified appraisal of the cryptocurrency will be needed for deductions in excess of $5,000. The donor is responsible for obtaining the appraisal and completing IRS Form 8283. 
• The UVA Foundation wallet is held at Coinbase, so we can accept many different cryptocurrencies - including all the major ones. For smaller, less liquid cryptocurrencies, the Foundation will work with UA and Coinbase to determine if we can accept. 
• The donor must sign a Letter of Understanding, outlining terms and disclosures before transferring the crypto. A copy for review is available below. The final version will be sent to the donor via DocuSign. 
• At the donor's request, UVA can provide a list of cryptocurrency appraisers. 
• The UVA Foundation will attempt to sell the cryptocurrency as soon as possible, however due to market volatility the net proceeds from the liquidation of the gift of cryptocurrency could significantly differ from the appraised value of the gift. 
• The donor will be credited in Advance at the liquidation value (net of fees), per CASE guidelines. 
• The above conversation tips are available for download as a PDF here. 
• Please review the Crypto Donation Procedure and Gifts of Cryptocurrency - Marketing Collateral for Donor.

Have a donor interested in donating crypto? Fill out this form to alert us as early as possible:

Cryptocurrency Donation Form                   

UVA Crypto Donation Procedure