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yeah that's probably true, I guess the reality is that I wasn't looking at ones accepting stock, but physical art and crypto. Some do and that number is growing
by vmception 5y ago
yeah that's probably true, I guess the reality is that I wasn't looking at ones accepting stock, but physical art and crypto. Some do and that number is growing by orders of magnitude each year because its now the 2020s, but many think it's still the year 1997. It is surprising how low tech that entire sector is.
It seems to be a recurring story for new entrants to the non profit space to be the "tech savvy one doing things differently", because the whole space is, I guess, not market driven as it isn't motivated by being technologically aware. Only getting a few recurring donors and doing their mission.
- jvanderbot 5y agoIn each case, it is liquidated and used as cache. Some of the skill of the best philanthropy folks is in finding ways to offload these wonky donations that donors think are useful. However, from the donor's perspective, donating stock, and other valuable stuff, is a good tax dodge. You don't have to pay capital gains taxes and then send money to the org. So usually the org is happy to accept these gifts, but yes, they'll sell them.