The Big List: Charities Embracing Change with Bitcoin and

Last updated: December 30, 2023 01:21 EST
. 7 min read

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.

Charitable giving occurs year round, yet end of year donations especially tend to resonate with donors. Recent statistics from digital marketing agency Nonprofits Source found that 30 percent of annual giving occurs in December. Findings further show that 10 percent of annual giving occurs during the last three days of the year.

Therefore, it shouldn’t come as a surprise that crypto holders may be looking to donate cryptocurrency as the year comes to a close. Crypto donations could even reach new highs in 2023 due to recent price increases seen in Bitcoin (BTC), Ethereum (ETH) and other well performing digital assets.

A growing trend: Charities accepting crypto donations.

While crypto donations may not yet be as common as traditional giving methods, it’s notable that a number of charities have started to accept cryptocurrency. Zoe Nawar, head of Web3 partnerships at The Giving Block – a crypto and non-cash asset fundraising platform – told Cryptonews that thousands of charitable organizations currently support cryptocurrency. She said:

“These include local food banks, along with some of the largest nonprofits in the world like St. Jude Children’s Research Hospital, Feeding America and United Way Worldwide. And despite some of the misconceptions about the cryptocurrency sector’s carbon footprint, more and more environmental organizations have embraced crypto philanthropy and are seeing positive outcomes from individual donors and charitable NFT projects.”

According to Nawar, The Giving Block currently supports 1,788 nonprofit organizations worldwide, allowing crypto donors to easily donate cryptocurrency online. This is important to note, as Nonprofits Source further found that 51 percent of high-wealth donors prefer to give online. Although this pertains to traditional donation methods, Nawar explained that donating crypto is just as easy as common models.

“Crypto users will have a crypto wallet with an asset they wish to donate. They can find thousands of nonprofits to support on The Giving Block’s website. Each organization has a donation form where users can generate a wallet address, give directly to the organization, and receive a receipt for tax purposes,” she said.

Organizations that accept cryptocurrency donations are also becoming more familiar with the process. For instance, Kelsey Driscoll, senior innovation and partnerships manager at Upbring – a direct-action organization headquartered in Austin, Texas – told Cryptonews that Upbring facilitates crypto donations in a few ways. She said:

“We provide donors with a few options on our website. For example, Upbring has its ‘Crypto Endowment Fund for Better Childhoods,’ where we hold our cryptocurrency donations and invest over time in innovative solutions. The other fund we offer is for direct services, where crypto funds are immediately converted to US Dollars and distributed to programs we…

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The big list Charities embracing change with Bitcoin and cryptocurrency donations last updated December 30 2020 3121 ESD 7 men redisclosure crypto is a high-risk asset class this article is provided for informational purposes and does not constitute investment advice by using this website you agree to our terms and conditions we may utilize

Affiliate links within our content and receive commission charitable giving occurs year round yet end of year donations especially tend to resonate with donors recent statistics from digital marketing agency nonprofit Source found that 30% of annual giving occurs in December findings further show that 10% of annual giving occurs during

The last 3 days of the year therefore it shouldn’t come as a surprise that crypto holders may be looking to donate cryptocurrency as the year comes to a close crypto donations could even reach new highs in 20203 due to recent price increases seen in Bitcoin BTC ethereum eth and other well performing digital

Assets a growing Trend Charities accepting crypto donations while crypto donations may not yet be as common as traditional giving methods it’s notable that a number of Charities have started to accept cryptocurrency Zoe nower head of web three Partnerships at the giving block a crypto and non-cash asset fundraising platform told Crypton news

That thousands of charitable organizations currently support cryptocurrency she said these include local food banks along with some of the largest nonprofits in the world like St je Children’s Research Hospital feeding America and United Way worldwide and despite some of the misconceptions about the cryptocurrency sector’s carbon footprint more and more environmental

Organizations have embraced crypto philanthropy and are seeing positive outcomes from Individual donors and charitable nft projects according to nowor the giving block currently supports 1,788 nonprofit organizations worldwide allowing crypto donors to easily donate cryptocurrency online this is important to note as nonprofit Source further found that 51% of high wealth

Donors prefer to give online although this pertains to traditional donation methods now are explained that donating crypto is just as easy as common models crypto users will have a crypto wallet with an asset they wish to donate they can find thousands of nonprofits to support on the giving blocks website

Each organization has a donation form where users can generate a wallet address give directly to the organization and receive a receipt for tax purposes she said organizations that accept cryptocurrency donations are also becoming more familiar with the process for instance Kelsey drisol senior Innovation and Partnerships manager at a

Bring a direct action organization headquartered in Austin Texas told Crypton news that upbring facilitates crypto donations in a few ways she said we provide donors with a few options on our website for example upbring has its crypto endowment fund for better childhoods where we hold our cryptocurrency donations and invest over

Time in innovative Solutions the other fund we offer is for Direct Services where crypto funds are immediately converted to US dollars and distributed to programs we support this gives donors options for giving based on their value systems in order to ensure ease and efficiency Driscoll explained that a bring actively engages with financial

Service providers working to shape the crypto giving space we have the giving block widgets embedded on our website we are also listed on endowment which is another crypto-friendly donation platform she said these Integrations allow donors to easily send crypto currency directly from their crypto wallets to up brings receiving wallet

Benefits of donating and receiving cryptocurrency for charity drisol added that donors who provide upbring with their contact information will receive an emailed receipt for a tax deduction this is important to highlight as donating cryptocurrency is known to be a more tax efficient form of giving in comparison to traditional methods now we

Elaborated on this noting that like stock donations appreciated crypto that is donated directly to a charity is not subject to capital gains taxes she said by making a crypto donation you can reduce your tax burden significantly in turn that means you’ll be able to donate more to the organization of your choice

So it’s a win-win for both parties in addition to tax benefits crypto donations are bringing forth a new younger generation of donors a report focused on crypto donors from the giving block found that 83% of millennial millionaires own cryptocurrency another study from Fidelity found that 45% of cryptocurrency users are likely to give

At least $1,000 per year to charitable cost CES in comparison 33% of the general investor population reported giving $11,000 or more to charity per year given this it’s beneficial for Charities to accept crypto donations as a way to attract new donors that are eager to contribute it’s also worth

Mentioning that crypto donations are borderless making transactions easy and transparent according to drisol this has been a major benefit for upbring she said traditional banking does not meet everyone’s needs equally especially when it comes to crossborder transactions crypto currency and its innate value of decentralization allows resources to

Flow more freely between communities for example if someone wants to support up bring but lives outside of the United States they can send cryptocurrency directly instead of having to incur the costs of converting their currency to US Dollars Charities that accept cryptocurrency given the benefits associated with crypto donations it

Shouldn’t come as a surprise that thousands of organizations within various Industries now support crypto philanthropy Global charities in fact some globally recognized organizations have begun supporting philanthropy with digital currencies for example UNICEF also known as the United Nations International children’s emergency fund launched a crypto Fund in 2018 consisting of Bitcoin and ether

According to UNICEF blog post crypto donations are being used to help support technology startups located in different countries the post further notes that UNICEF chose to accept cryptocurrency donations due to the transparent nature of blockchain Technology the post states by sharing the public records of crypto transfers the crypto fund aspires to

Create visibility for the donor and the public adding a layer of transparent accounting to the donation and investment processes in addition to UNICEF crypto donors can send funds to save the children to help kids stay safe educated and healthy during times of Crisis according to save the children’s

Website the organization was the first Ino international non-governmental organization to accept a Bitcoin donation in 2013 in response to Typhoon hayen Healthcare organizations Susan G Coman a leading bre Cancer Research Foundation also started accepting cryptocurrency donations about 2 years ago according to Susan G colan’s website crypto donations allow the organization

To save lives while helping find a cure for breast cancer through research my avatar is still wearing the wearable nfdi receive for donating to at Susan gcan Breast Cancer Foundation and at upin me piic Twitter el59 for Danny Brown wolf at Dana Brown December 29 2023 the Pediatric Cancer Research

Foundation also accept crypto donations which is powered by the giving block moreover variety is a children’s charity that is using crypto donations to help kids living with disabilities today is Hash crypto giving Tuesday your crypto donation can make a difference help us reach our goal to provide toys for 5,000

Kids experiencing disadvantage this Christmas all donations double today only at https SLT CSUS of HTO at the giving block at giving Tuesday pick Twitter Asar Robin TM variety the children’s charity at varic November 28th 2023 environmental causes the giving blocks Maui emergency response fund has also been collecting crypto

Donations to help support Maui Wildfire victims that were impacted in August 2023 now we shared that since then donations to the emergency relief fund for Maui have supported numerous nonprofits thanks to a generous donation match we’ve raised over $89,000 to date now we’re only $50,000 in donations away

From reaching the $1 million milestone she said Red Cloud renewable an organization helping thousands of Native Americans move away from fossil fuels towards renewable energy also accepts crypto donations the organization’s website includes a link to the giving block for donors interested in supporting their cause educational impact in addition Big Brothers Big

Sisters of metro Atlanta has started accepting crypto donations to help educate and Mentor Atlanta’s youth for those interested in helping kickoff space exploration space for Humanity accepts crypto donations as a way to support the planet’s first sponsored citizen astronaut Mission empowering change through crypto philanthropy while thousands of nonprofits and organizations currently accept

Cryptocurrency crypto donations are likely to become even more common moving forward according to naor the giving block is anticipating a big surge in crypto philanthropy due to the newly expected Bull Run and as crypto gets more mainstream more nonprofits are going to embrace crypto donors she added yet in order to ensure mainstream

Adoption more education and awareness is needed education is often a hurdle for Charities when it comes to crypto so the giving block prioritizes developing helpful resources for fundraisers and making the donation form and processing as simple as possible now we pointed out indeed the giving block offers a number

Of blog posts reports and guides for those interested in learning more about crypto philanthropy private donors and institutions seeking further information on cryptog giving can also learn more about getting involved through the giving block although a learning curve may be involved drisol noted that incorporating crypto donations can help

Charities grow in a number of ways for example she explained that a bring was able to launch its crypto and Diamond fund by participating in an NFD fundraising project called awaken your inner child all mint proceeds went to a bring directly through a smart contract the project consisted of 541 pieces and

Sold out in 30 minutes generating over $10,000 which help launch our fund she said as 2023 comes to an end now may be the perfect time for crypto holders to donate to crypto-friendly Charities at the same time n profit organizations looking to expand their reach and impact should also consider supporting crypto

Donations in the coming year and Beyond enter your email for our free daily newsletter a quick thre and read about today’s crypto news sign up this site is protected by recapture and the Google privacy policy in terms of service Supply msrc equals https Sim CP ml300 jpeg all equals image

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