Fidelity Charitable: Investors Want to Use Bitcoin to Do Good
Fidelity Charitable became the latest major US charity to accept bitcoin this November when it added the digital currency as an eligible asset for its donor-advised accounts. With the move, Fidelity Charitable joins an expanding list of nonprofits that have opted to accept bitcoin donations, including American Red Cross, Greenpeace USA, Save the Children and United Way, among others. Like these organizations, Fidelity reports that customer acceptance and interest in the idea were the motivating factors behind the move. In interview, Fidelity Charitable senior vice president Matt Nash....
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Fidelity Charitable is now accepting bitcoin thanks to a partnership with Coinbase. Adding Bitcoin as a method of donation allows donors to bypass high international bank fees on money transfers. Fidelity Charitable is the second largest charity in the U.S. and worked with Fidelity Labs, a unit of Fidelity Investments, on the integration. Coinbase announced on their blog that Fidelity Charitable has partnered with them to give donors the option of using bitcoin for their offers. Matt Nash, Senior Vice President of Donor Engagement for Fidelity Charitable, stated: “Enabling donors to....
Fidelity Charitable, the public charity arm of mutual fund giant Fidelity Investments, raised $7m in bitcoin donations last year. The organization launched the donation option in November 2015, enabling contributions from customers by way of their donor-advised funds. Fidelity Charitable has utilized Coinbase as a payment processor to handle bitcoin-to-dollar conversions. New statements from Fidelity Charitable indicate that those efforts have paid off. The organization said today: “To support strategic giving and as part of a broader expansion in November 2015, Fidelity Charitable began....
Boston, November 18 Fidelity Charitable has announced it will be allowing donors to support charities with Bitcoin. The nonprofit is expanding its various forms of assets that people can donate. Digital currency is the next step for the organization. Donors can use Bitcoin to support multiple charities through one donation using Fidelity’s platform. Matt Nash, senior vice president of donor engagement for Fidelity Charitable, said: Significant contributions to the organization have been paid in capital assets as the use of Bitcoin opens up more avenues for the nonprofit. Fidelity....
Fidelity Charitable, the public charity arm of US mutual fund giant Fidelity Investments, has announced customers can now use bitcoin to support charities through its donor-advised funds. According to the organization's latest annual report, Fidelity Charitable customers had more than 63,000 donor-advised accounts open as of 2014, with the median giving balance equalling roughly $16,000. In statements, Fidelity Charitable senior vice president Matt Nash sought to emphasize that the move was geared toward maximizing the ways in which its 100,000 donors could engage in philanthropic giving.....
Fidelity Charitable, an independent public American charity, has announced that it received $7 million in bitcoin donations in 2016 from donors across the country. To enable Fidelity Charitable donors to give more and to support a broader expansion, in November 2015, the charity began accepting bitcoin. Donors were then able to donate more with the non-profit efficiently monetizing the bitcoin for grant-making. As well as accepting digital currency donations, the charity also raised $3.5 billion in donor-recommended grants to non-profit organizations last year, which saw a 15 percent....