Giving Through Royalties, IP, or Other Assets
If you're an artist, inventor, or creator seeking to leave a lasting impact on sovereign art, donating royalties, intellectual property (IP), or other unique assets is a creative option. This guide explains how it works, the benefits, and easy steps to get started.
As the first 501(c)(3) nonprofit paying artists exclusively in Bitcoin, we can convert your gift's value or income to BTC (per our volatility policy), helping fund creators through grants, workshops, and our HODL Vault endowment. Your intellectual legacy supports uncensorable creativity for generations.
Royalties can provide recurring funding for grants and programs.
Donate partial rights (e.g., 50% royalties) or transfer full IP.
We coordinate sale/conversion where appropriate and provide documentation.
Income/proceeds can be converted to BTC per policy for long-term impact.
What is a royalty/IP/asset gift?
- Royalties / IP: Transfer rights to patents, copyrights, trademarks, or royalty streams (books, music, inventions). We may receive future income or sell the IP depending on structure.
- Other assets: Donate tangible items like art collections, vehicles, real estate, or in-kind goods. We coordinate liquidation to support the mission.
- Bitcoin tie-in: Income or proceeds can be converted to Bitcoin for low time preference growth, funding artists for the long run.
Benefits for donors
- Tax savings: Deduction rules vary for IP and assets; additional deductions may apply for qualified IP income (consult your advisor).
- Legacy impact: Royalties can fund ongoing grants; converted to BTC, gifts can support censorship-resistant art for years.
- Flexibility: Donate partial rights or a full transfer depending on your goals.
- Simplicity: We coordinate sale/conversion and issue acknowledgments.
How it works
- Contact us: Email donate@bitcoinforthearts.org and we’ll discuss the asset and next steps.
- Appraise & transfer: A qualified appraisal may be required for certain gifts (e.g., $5,000+ threshold). Sign assignment/deed for IP/royalties; transfer title for other assets.
- Income reporting: For qualified IP with income, we can report net earnings so donors may claim additional deductions (consult your advisor).
- Conversion: Proceeds/income can be converted to BTC per policy for grants and the HODL Vault.
- Confirmation: We send an IRS-compliant acknowledgment based on the gift type.
Tips for success
- Best assets: Patents and royalties can support ongoing funding; collections can create immediate impact.
- Tax advice: Consult your advisor — rules vary and appraisals may be required.
- Bitcoin conversion: You can specify “Convert to BTC for endowment” to align with sound money.
- State rules: Generally available nationwide; estate tools can help with IP bequests too.
Ready to immortalize your creativity?
Contact us today — your IP could ignite the next renaissance in Bitcoin-backed art.