Bitcoin Policy Institute is an organization formed under Section 501(c)(3) of the Internal Revenue Code and accepts unlimited contributions from individuals, corporations, unions, or trade associations. Bitcoin Policy Institute has ultimate authority to use contributions made to it at its discretion for purposes consistent with its exempt purpose. Bitcoin Policy Institute’s status as a 501(c)(3) organization is pending approval by the Internal Revenue Service (IRS). In the event that Bitcoin Policy Institute’s tax-exempt status is denied by the IRS, contributions to Bitcoin Policy Institute are not tax deductible for federal income tax purposes. Bitcoin Policy Institute will provide prompt notice to its contributors of any developments on its tax-exempt status.