Where do crypto donations go? Here are six charities that have benefited, as ...
"As a smaller organization with a smaller team, we saw how crypto could level the playing field and provide massive fundraising success," said giving associate Alexa Castellano at Trees for the Future. Charities and donations have been a trending topic in the cryptocurrency realm as of late. And it's not simply an act of giving. In countries such as the United States, the country's revenue authority provides generous tax deductions for those who donate their crypto to registered charities. One company, The Giving Block, provides such crypto-fundraising onboarding solutions to more than....
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Giving to charities has been one of the highlighted use cases of crypto-currency. The Dogecoin community is known for its philanthropic campaigns; some of the world’s largest charities have started accepting Bitcoin donations as well. Now, there is Charitycoin, a crypto-currency designed to incentivize Bitcoin donations. Charitycoin.co.uk has compiled a list of over 10,000 charities, including Amnesty International UK and The Salvation Army. Charitycoin will match each English pound worth of Bitcoin donated to one of the 10,000 charities with an equal donation through Just Giving, a social....
Charities supporting children’s causes, victims of humanitarian disasters, the environment, scientific research or the arts raise millions of dollars in donations each year. Yet, while generous contributions continue to be made around the world, public trust and confidence in charities has been reported at its lowest recorded level. According to a 2016 report from UK Fundraising, a survey of over 1,000 people found that trust in charities has fallen from 6.7 out of 10 in 2014 to 5.7 in 2016. The main reasons for this decline are distrust in how charities spend their donations, a lack of....
One of the oldest UK charities accepts Bitcoin donations. On July 31, The Royal National Lifeboat Institution (RNLI) began accepting Bitcoin. The RNLI was founded in 1824, and is a major charity based in the UK and Ireland. RNLI considers taking bitcoin donations a pilot scheme, and does not have expectations as to how many bitcoins will be donated. The ability to accept bitcoin does not replace but rather it complements existing donation mechanisms. Donating bitcoin to the cause is as easy as visiting the RNLI website, and sending to their Bitcoin wallet. Now accepting donations in....
On Wednesday, tracked total crypto donations to the government of Ukraine wallet addresses, charities, and humanitarian initiatives had topped $108 million. The official Bitcoin (BTC) and Ethereum (ETH) wallet addresses of the Ukrainian government, as well as a BTC donations address for Come Back Alive, are the top three beneficiaries of such cash. Tracked Donations […]
Robbie Heegers Endaoment has facilitated the donation of over $30 million of cryptocurrency to 243 different charities. These donations come from altruistic cryptocurrency investors who are also partly motivated by reducing their tax burdens to Uncle Sam and keeping more of their profits.Born in Silicon Valley, Heeger, now in his early 30s, was exposed to entrepreneurship from a young age. Though he initially worked in big tech, he soon became so enthralled with blockchain that he dropped everything to pursue his new passion in 2018. This led him to create Endaoment, which he calls the....