Today we’re pleased to announce that The Giving Block and RenPSG have onboarded eleven new Donor-Advised Fund (DAF) programs who will now accept crypto donations. The new programs include those associated with the UNC System Donor-Advised Fund Program including the ECU Giving Fund, Aggie Charitable Giving Fund, NC State Donor Advised Giving Fund, and UNCP Giving Fund. Seven additional programs have also made the decision that now is the right time to begin accepting crypto donations.
This is made possible by our partnership with RenPSG, announced in September. The partnership enables easy donations of cryptocurrency assets into new or existing Donor-Advised Funds to support nonprofits, charitable organizations, and educational institutions. As a result, the colleges and institutions from the UNC System can incorporate cryptocurrencies into their long-term investment strategies.
North Carolina has a long history of leadership in public higher education. Founded in 1789, the University of North Carolina at Chapel Hill is one of the country’s oldest state universities. Today, the UNC System includes 16 universities that grant four-year degrees. Understanding the potential power of cryptocurrency as an investment is another progressive step forward.
“This is exciting news for our UNC System Donor-Advised Fund Program,” said Kinna Clark, Director of Planned Giving Services for the University of North Carolina. “The ability to accept new types of assets is vital to the growth of our system-wide program. Cryptocurrency is an asset that is growing and we want to make sure our donors can utilize those assets in meeting their philanthropic goals through use of their Donor-Advised Funds.”
Ms. Clark works with the UNC System’s Advancement team as well as the North Carolina Gift Planning, LLC, to assist institutions with the enhancement of their gift planning programs.
These UNC System institutions have adopted cryptocurrency in time for end-of-year giving season, when many alumni and other supporters make their annual charitable donations.
“Crypto is the best performing asset class of the last decade. With Bitcoin’s market cap on track to eclipse silver, nonprofit institutions like DAFs, Foundations and Universities are faced with a choice: accept cryptocurrency or get left behind. We’re proud to be working with UNC on the former,” said Pat Duffy, Co-Founder of The Giving Block.
We look forward to sharing news of additional crypto-ready DAF programs in the coming weeks and months.