CoinDesk’s Inaugural MetaGala Raised $160,000 for Blockchain Education Charities

by | Dec 6, 2022

Crypto industry conferences are golden opportunities for learning, networking and—sure, why not—a dose of after-hours fun. They can also showcase the generosity of the crypto community. 

Crypto Philanthropy’s impact was on full display at CoinDesk’s inaugural MetaGala, an event at the news platform’s annual Consensus conference, which was held in Austin, TX, this year.

Organizers billed the stylish evening event as “A Gala for Good” and an occasion to “party, show off, and show up for a good cause.”

Ticket sales and sponsorships for the MetaGala raised over $160,000 for several nonprofits supporting blockchain education, which was donated in USDC, a leading stablecoin pegged to the US Dollar.

“The MetaGala is a great representation of thoughtful and collaborative corporate fundraising marrying profit and purpose,” said Pietro Moran, Director of Partnerships at The Giving Block.

“Events like this illustrate the genuine enthusiasm in the crypto industry for charitable initiatives that allow nonprofits to participate in the wealth creation of the ecosystem and adopt technology that bridges the digital gap between crypto holders and a previously antiquated nonprofit sector.”

The four charities that received donations were Code to Inspire, Girls Who Code, Crypto Kids Camp and Crypto Tutors.

Zooming Out: The Crypto Community’s History of Supporting Education

Savvy crypto users know that donating crypto directly to a charity is one of the most tax-efficient ways to give back. When it comes to which causes they support, education is near the top of the list.

Data from The Giving Block’s 2021 Annual Report shows that, out of fifteen cause-themed Impact Index Funds—which divide crypto donations evenly among participating nonprofits—donors gave the most to the fund for education charities.

More recently (in October 2022), Ethereum co-founder Vitalik Buterin made a $9.4 million donation in USDC to a higher education institution, the University of Maryland, to support pandemic research.

These are just a few of the many examples of crypto heroes who have stepped up to better the world through charitable giving to educational charities.

Donating Crypto to Educational Nonprofits is Easy

From funding scholarships to early childhood education programs to nonprofits that advocate for education policy and reform, there are countless ways to empower the next generation by donating to a charity. 

Ready to make a difference? Learn more about the benefits of donating crypto or stocks, or make a donation to a charitable organization today.

Be a Hero - Bag season - donate now | The Giving Block
| Reading Time:
JOIN OUR NEWSLETTER

Related Articles

Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang.
Crypto Donors: Transforming Global Relief Efforts Explore how crypto donors revolutionize global relief efforts and actively support nonprofits in times of crisis. Discover the innovative ways digital philanthropy makes a difference.

Featured Articles

JOIN OUR NEWSLETTER

Related articles

Are Church Donations Tax Deductible - BLOG | The Giving Block Tax and Tithing: Are Church Donations Tax Deductible? January 22, 2024 Posted in: Donors Wondering if the IRS considers church donations to be tax deductible? This article provides answers and resources for donors to churches and other houses of worship. Read more
Donation Donation Form | The Giving Block 17 Types of Giving Tuesday Charities that Accept Crypto Donations November 23, 2021 Posted in: Crypto Giving Tuesday, Donors, Nonprofits, Year-End Giving Giving Tuesday is one of the biggest giving days of the year. Here's how to give crypto donations to your favorite Giving Tuesday charities. Read more
Donation Donation Form | The Giving Block 7 Ways Your Donations Can Empower Women and Girls March 22, 2022 Posted in: Cause Awareness, Donors Donate to the Women and Girls Empowerment Impact Index Fund to support multiple nonprofits that are addressing the most pressing causes for women and girls. Read more