diff --git a/gratipay/models/participant.py b/gratipay/models/participant.py
index e09ae0f8d4..7adbf3e815 100644
--- a/gratipay/models/participant.py
+++ b/gratipay/models/participant.py
@@ -463,6 +463,9 @@ def get_teams(self):
     def accepts_tips(self):
         return (self.goal is None) or (self.goal >= 0)
 
+    @property
+    def has_funding(self):
+        return self.last_bill_result == '' or self.last_coinbase_result == ''
 
     def insert_into_communities(self, is_member, name, slug):
         participant_id = self.id
@@ -581,7 +584,7 @@ def update_is_closed(self, is_closed, cursor=None):
 
     def update_giving(self, cursor=None):
         # Update is_funded on tips
-        if self.last_bill_result == '':
+        if self.has_funding:
             (cursor or self.db).run("""
                 UPDATE current_tips
                    SET is_funded = true
diff --git a/tests/py/test_participant.py b/tests/py/test_participant.py
index ee5c1cc449..136284efaa 100644
--- a/tests/py/test_participant.py
+++ b/tests/py/test_participant.py
@@ -524,6 +524,26 @@ def test_only_funded_tips_count(self):
         funded_tips = self.db.all("SELECT amount FROM tips WHERE is_funded ORDER BY id")
         assert funded_tips == [3, 6, 5]
 
+    def test_coinbase_result_changes_is_funded(self):
+        alice = self.make_participant('alice', claimed_time='now', last_coinbase_result='')
+        bob = self.make_participant('bob', claimed_time='now', last_coinbase_result=None)
+        carl = self.make_participant('carl', claimed_time='now', last_coinbase_result="Fail!")
+        raj = self.make_participant('raj', claimed_time='now', last_coinbase_result="Fail!", last_bill_result='')
+        dana = self.make_participant('dana', claimed_time='now')
+        alice.set_tip_to(dana, '1.00') # Funded
+        bob.set_tip_to(dana, '2.00') # Not Funded
+        carl.set_tip_to(dana, '3.00') # Not Funded
+        raj.set_tip_to(dana, '4.00') # Funded by CC
+
+        assert alice.giving == Decimal('1.00')
+        assert bob.giving == Decimal('0.00')
+        assert carl.giving == Decimal('0.00')
+        assert raj.giving == Decimal('4.00')
+        assert dana.receiving == Decimal('5.00')
+
+        funded_tips = self.db.all("SELECT amount FROM tips WHERE is_funded ORDER BY id")
+        assert funded_tips == [1, 4]
+
     def test_only_latest_tip_counts(self):
         alice = self.make_participant('alice', claimed_time='now', last_bill_result='')
         bob = self.make_participant('bob', claimed_time='now', last_bill_result='')