BitGive Foundation – Raises $4,850 for Save the Children

BitGive Foundation – Raises $4,850 for Save the Children

The BitGive Foundation, the charitable giving organization of the Bitcoin community, provided its first donation yesterday to Save the Children for their Typhoon Haiyan Children's Relief Fund. The Foundation raised $4,850, exclusively from the Bitcoin community, as part of Bitcoin Black Friday. BitGive has also worked with event organizers to develop a broader charitable drive as part of Bitcoin Black Friday and involve other charities in the event.

Founder and Executive Director of BitGive, Connie Gallippi, is very pleased with the progress of the Foundation thus far, which launched earlier this year, and thrilled to see their first donation drive a success. “‘Tis the Season of Giving, and we hope to see more donations to charity in Bitcoins, including BitGive and Save the Children.” The Foundation is running a holiday donation drive ‘Give a Bit this Holiday Season.’

Madeline Finch, Board Member and Secretary of the Foundation says,

“We are excited to be entering the world of philanthropy on behalf of the Bitcoin community, and Save the Children’s relief efforts in the Philippines is exactly where we want to see our first donation drive make a big difference.”

To share their vision and continue to educate audiences about Bitcoin and charitable giving, Ms. Gallippi recently presented on the “Positive Social Impact of Bitcoin,” alongside Elizabeth Ploshay of the Bitcoin Foundation Board, at the first annual Latin American Bitcoin Conference in Buenos Aires, Argentina, December 7-8, 2013.

The BitGive Foundation, launched earlier this year, is a charitable giving organization of the Bitcoin community, whose mission is to provide gifts to environmental and public health causes worldwide. BitGive has received several early donations from Bitcoin mining companies KnCMiner and Butterfly Labs, which have grown ten-fold in value, as well as in-kind donations and services from Perkins Coie, LLP and BitPay, Inc., which also processes Bitcoin donations to charities at no cost.

More donations in Bitcoin have come in through the easy two-step donation process on their website. The Foundation has a multi-million dollar long-term goal for global giving and is confident that the Bitcoin community will support that bold vision.

BitGive would appreciate your donation this holiday season.

To support the BitGive Foundation, donations are being accepted at: http://bitgivefoundation.org/donate.html.


Related News

Tis the Season to Give with Bitcoin

What comes to mind first during the holiday season? Many are interested in purchasing gifts for friends and family members. Yet, there certainly is a need to give to those in need. During Bitcoin Black Friday, the BitGive Foundation successfully raised $4,850 in Bitcoin for the Save The Children's Philippines Relief Effort directing funds to the Typhoon Haiyan Children's Relief Fund. Bitcoin is simply the easiest way to send in and process donations to organizations providing relief around the world. BitGive Foundation's Executive Director, Connie Gallippi put out the following press....

BitGive Foundation Partners with Bitcoin Black Friday

What do most Americans and for that matter, individuals around the world do the day after Thanksgiving? SHOP. Well, this year, The BitGive Foundation is partnering with Bitcoin Black Fridayto provide you an opportunity to give back through a donation drive. Bitcoin Magazine encourages you to look into giving back with the best way to give: through Bitcoin! BitGive issued the following press release: BITGIVE FOUNDATION - BITCOIN CHARITY DRIVE ON BLACK FRIDAY. A Charitable Giving Organization of the Bitcoin Community. (Sacramento, CA - November 22, 2013) - The BitGive Foundationis partnering....

Save the Children Senior Advisor: We Chose ADA Because Its Backed by the Card...

In July 2021, the non-governmental organization (NGO) Save the Children in Rwanda announced it partnered with the Cardano Foundation on a project that allows well-wishers to make donations in the form of cryptocurrencies. Save the Children Meets ADA At the time, it was revealed that Save the Children’s acceptance of ADA donations was not the first time the non-governmental organization (NGO) had accepted crypto. In fact, Save the Children says it has been accepting donations in cryptocurrency form since 2013. However, some have questioned the wisdom of accepting donations in a form....

The Future of the BitGive Foundation: Great Potential Amid Uncertainty

Over the past three days, Bitcoin Magazine has featured stories about the BitGive Foundation; how it began and the work that it has done with charities including Save the Children, The Water Project and Medic Mobile. Its founder and sole full-time staffer, Connie Gallippi, has helped the organization grow to become the first registered tax-exempt bitcoin charity, spreading the word about Bitcoin's potential for positive change in the world. "We've continuously put out great efforts," says Gallippi, "and we have a lot of supporters who like our work. The community has been looking for ways....

BitGive Becomes First IRS Tax Exempt Bitcoin Charity

The BitGive Foundation announced today that it has become the first nonprofit bitcoin organization to achieve 501(c)(3) status, meaning the Internal Revenue Service (IRS) officially recognizes it as a charitable organisation in the US. This means that any gains made by the foundation will not be taxed, thus directing more money to its supported causes. BitGive executive director Connie Gallippi told CoinDesk that it is about more than just money, however: "It does give us legitimacy with the US government, which has been a huge struggle for bitcoin as far as businesses are concerned."....