Innovations for the Philanthropic Economy
RenPSG & The Giving Block Partner to enable crypto donations to donor-advised fund
This partnership allows donors to easily move cryptocurrency assets into new or existing donor-advised funds to support nonprofits and other charitable organizations.
Enabling philanthropy with Bitcoin, Ethereum, and more
As with DAFs, cryptocurrencies have experienced rapid growth in popularity in recent years. Cryptocurrencies like Bitcoin have now attracted more than 220 million users and boast a global market cap of roughly $2 trillion.
For crypto donors, there is much excitement about their ability to support causes with crypto, coupled with the fact that crypto donations can be a highly tax-efficient form of philanthropy. By donating cryptocurrencies instead of traditional government-back currencies, individual donors in the U.S. and several other countries have the option to reduce their capital gains taxes.
Learn more on the RenPSG website.