Bitcoin for Nonprofits: Cryptocurrency Fundraising for the Future
Bitcoin was launched on January 3, 2009, in the midst of the financial crisis and bank bailouts. Coinbase, the largest US-based cryptocurrency exchange already has more than 40 million users and is registering tens of thousands of new users every day. This makes Coinbase larger than any stock brokerage (e.g., Charles Schwab, TD Ameritrade).
Are any nonprofits already accepting cryptocurrency donations?
Yes, they are! But only ~2% of nonprofit organizations are currently equipped to accept crypto donations. This figure is growing quickly.
Some organizations already accepting cryptocurrency donations include the United Way, Charity Navigator, the Lupus Foundation of America, the Human Rights Foundation, Red Cross, UNICEF, and Mercy for Animals.
Why are people donating in cryptocurrency?
There are many reasons why you’d want to donate cryptocurrency to your favorite non-profit organization.
We know that each of you is just an awesome person, wanting to do some good in this world. Additionally, there are major tax benefits to supporting nonprofits by giving cryptocurrency, as the IRS treats cryptocurrency as property. This means that when you donate your crypto directly, you give more, and pay less in taxes.
Read the full article on Nonprofit Tech For Good here: https://www.nptechforgood.com/2019/04/25/bitcoin-for-nonprofits-cryptocurrency-fundraising-for-the-future/
About The Giving Block
The Giving Block makes Bitcoin and other cryptocurrency fundraising easy for nonprofits. Empowering mission-driven organizations, charities, universities, and faith-based organizations of all sizes to leverage crypto technology to achieve their mission. Discover why cryptocurrency is the fastest growing donation method for Millennial and Gen-Z donors, at TheGivingBlock.com.