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How to hold bitcoin for 1,000+ years with Matt McClintock

The Bitcoin Frontier

NOTE

Bitcoin and Philanthropy: Donor Advised Funds

Bitcoin holders who are interested in philanthropy can use a special type of donor advised fund called an advisor-managed donor advised fund to donate Bitcoin to charity. This fund allows donors to receive a deduction for the value of the Bitcoin without having to liquidate it immediately. Unlike other donor advised funds, this unique fund permits holding Bitcoin until the donor decides to sell, allowing for potential long-term growth. The fund is managed by a family office company and complies with custody rules, utilizing qualified custodians both in the United States and abroad. When the donor wishes to make a charitable grant, the fund can sell the Bitcoin to generate fiat, which is then distributed to the charity. Alternatively, if the charity accepts Bitcoin, the fund can directly transfer the cryptocurrency to the charitable organization.

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