Cryptocurrency donations is an emerging channel for charitable giving. Cryptocurrencies have been making a big philanthropic wave lately.
In the beginning of 2018, “Pineapple,” an anonymous donor, gave over $55 million worth of Bitcoins to 60 charities. In March, Ripple donated $29+ million in XRP to DonorsChoose.org. The largest donor-advised fund in the US, Fidelity Charitable, received $69 million in cryptocurrency donations in 2017 from 169 donors. The list goes on.
What’s driving such trend? Several things. The donation reaches the charity faster, without going through behemoth banking institutions which would make them only richer. The distributed ledger system offers transparency, so that the public can verify that donations are really going where their senders claim they go. Also by accepting cryptocurrency donations, organizations increase people’s trust. What’s more, in some countries like the US, donating cryptocurrency directly has its certain tax benefits.
See below our favorite organizations that accept cryptocurrency donations.
Anyone who’s ever worried about privacy online know the Tor Project. On Tor Project’s website, click other ways to donate and you’ll see the cryptocurrency donations page. You can donate in Bitcoin and Bitcoin Cash through the Tor Projects BitPay page.
This nonprofit organizes health and education programs in the US, Africa, Asia, Greater Middle East, Latin America, and the Caribbean. Your dollars are truly going to support children around the world.
“For over four years, we’ve helped folks like you exchange your ‘coins’ for clean water!” The Water Project makes it obvious on their website that they accept cryptocurrency donations and even state that they were one of the first nonprofits to accept Bitcoin, starting four years ago. To date, over 100 water projects have been funded in part by crypto donations. The Water Project also holds transparency dear: Their Water Project app allows donors to see how their funds are being used.
You can donate in Bitcoin, Bitcoin Cash, Ethereum, or Litecoin.
Russian authorities recently announced that they extended Snowden’s asylum until 2020. Meanwhile Mr. Snowden is fighting for his release. The Free Snowden organization collects donations to fund the whistleblower’s mounting legal expenses.
The organization accepts cryptocurrency donations in Bitcoin and Zcash.
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