BitGive and Songs of Love charities accept donations in bitcoin
Two charities began accepting bitcoins today. A newly formed foundation called BitGive was announced, which will filter bitcoin donations through to a variety of causes. Another existing organization, Songs of Love, also announced a bitcoin donation option. Connie Gallippi, founder of the BitGive Foundation, explained that the organization had applied for its 501c status. In the meantime, it would be collecting bitcoin donations, she said. BitGive came out of meetings held at the Bitcoin conference in San Jose in May, said Gallippi, the sister of BitPay founder Tony Gallippi. She has spent....
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The BitGive Foundation — celebrating its 2nd Anniversary — is asking for donations to fund its mission to demonstrate the social value of Bitcoin to people around the world. To encourage donations, BitGive will hold an online auction on the occasion. Connie Gallippi, Founder and Executive Director of BitGive, took an early leadership role in Bitcoin philanthropy, founding BitGive in mid-2013. Gallippi aims to spread the knowledge about Bitcoin across the world. Pursuing the goal, the organization is organizing a fundraiser through an auction that will support the BitGive in its efforts.
The US Internal Revenue Service (IRS) has committed to cracking down on bitcoin users that may have been evading paying taxes. However, there is still time to make charitable donations to your favorite charities and thereby give a little less to the tax man. Year-End Tax Planning. For federal tax purposes, the IRS treats bitcoin as property, not....
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....
In today's day and age, most people are completely unaware that many charities are charged a fixed transaction cost for every deposit into their bank account. Because of this, charities almost never see the entirety of donations given to them to help fight their cause or aid others. Also read: Bitcoin Microtransaction Advertisements Cause Issues for Some Bitcoin Websites. In order to raise awareness and provide philanthropists with a way to give every single bit of their donation to causes they care about, the Bitcoin Foundation, BitGive Foundation and Bitcoin Black Friday are teaming up....
Bitcoin Magazine is proud to announce the launch of BitGive Foundation, the first Bitcoin charity! BitGive is a non-profit foundation (IRS 501c3 status is pending) accepting donations from the greater Bitcoin community and offering charitable gifts to environmental and public health causes worldwide. As Bitcoin continues to grow in prominence and utility, BitGive Foundation provides the opportunity for you to give to those in need in the most expedient and efficient way: through the Bitcoin currency! The BitGive Foundation will provide charitable donations on behalf of the growing Bitcoin....