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Our conversation was extremely rich and I think you’ll find there are some incredibly helpful insights documented below. This shift was challenging due to legal and governance considerations, but it has proven essential. So, I don’t have a secret bank full of gold coins to dish out.
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This includes not only bank accounts but also access to mission-critical IT systems, office and manufacturing facilities, customer and supplier relationships, etc. Ensure safe and legal business operations. Regardless, conduct and document formal safety, facilities and cyber-security audits within the first few days post-close.
The board should consider including virtual currency in its Gift Acceptance Policy, a document every organization should have to guide its board, executives, and staff in their development work. Donors of virtual currency typically skew younger, possibly opening up a new demographic of supporters for the organization.
This includes not only bank accounts but also access to mission-critical IT systems, office and manufacturing facilities, customer and supplier relationships, etc. Ensure safe and legal business operations. Regardless, conduct and document formal safety, facilities and cyber-security audits within the first few days post-close.
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