BitGive Foundation: First Bitcoin Charity Launched
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....
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During the Inside Bitcoins Chicago Conference, BitGive Foundation announced its newest initiatives in spearheading charity projects using the cryptocurrency. BitGive Foundation founder Connie Gallippi presented their results with the charity efforts in Kenya, as well as their plans for The Water Project. In Kenya, BitGive was able to conduct a fundraising process for a water well to the Shisango Girls School with the help of BitPesa and Libra. The 3-minute video she shared illustrated how bitcoin and the underlying blockchain technology has been able to transform lives in the country.....
The BitGive Foundation has become the first bitcoin charity to receive a 501 (c) (3) non-profit status with the Internal Revenue Service (IRS), according to a Monday morning announcement. The news comes just one year after the formation of the charity. As part of this major achievement, BitPay, Xapo, LibraTax, Roger Ver, and some others have started a fundraising campaign that will begin today, designed to build long-term funding for charitable giving. "One of our first goals was to secure our 501 (c) (3) status, which enables BitGive to provide US donors a tax deduction for their donation....
Eight teams representing bitcoin companies in the San Francisco Bay area competed in a charitable tournament hosted by the BitGive Foundation on Sunday, 8th June at the Yerba Buena Gardens skating and bowling center. The fundraising event featured food, drink, crypto-related socializing and relaxation. Further, a number of leading bitcoin companies in the Bay Area participated including Coinbase, Xapo, Vaurum, BitPay, Kraken, Buttercoin, BitGo and BTCJam. The result was that bitcoins were also raised for a good cause. Entrance to the event cost 1 BTC per team, with some proceeds going to....
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....
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."....