Lately, donations and donations have been a trending topic in the cryptocurrency space. And it’s not just in the form of an act of giving; In countries such as the US, the country’s revenue authority offers generous tax deductions for those who donate their crypto to registered charities. One company, The Giving Block, provides such crypto-fundraising onboarding solutions to over 1,000 nonprofits.
But how does it matter to investors’ money? In a series of case studies provided to Cointelegraph, The Giving Block described how six such charities benefited, as the total donation volume on its platform grew by more than 1,000% year over year in 2021. As Tammy Tibbets, co-founder and CEO of Shees, told First, a charitable organization helping gender equality through education:
“In the most challenging financial year of my career as a non-profit CEO, I realized I had to take crypto seriously. If I didn’t, the ship was going to sail without us and, with it, resources. Take what can help girls around the world reach education and open their dreams. This crypto donation was our second biggest gift this year, which completely changed my view on cryptocurrencies.
Thanks to a crypto-fundraising campaign, She’s the First distributed more than 1,400 food, water and menstrual kits, as well as connecting more than 6,000 girls around the world with mentors. Similarly, CARE, one of the oldest non-profit organizations fighting global poverty, saw its crypto donations increase from nearly $7,000 in 2020 to over $330,000 in 2021. One campaign, the NFT Care Package for Afghanistan, raised more than $200,000 to provide humanitarian aid in a matter of weeks. aid to afghan families
care organization banner , Source: The Giving Block
Then there is the orangutan conservation project Orangutan Outreach, which raised more than its entire 2020 revenue budget with crypto donations. Richard Zimmerman, the organization’s executive director, said, “We’re going to include crypto in everything we do going forward, grow it so we can do better.” The team at Organtuan Outreach cares for orphaned and displaced orangutans in specially built sanctuaries, with the ultimate goal of releasing them back into the wild.
orangutan outreach banner , Source: The Giving Block
And thanks to NFT Campaigns, the regenerative agriculture nonprofit Trees for the Future managed to plant 2.3 million trees, which are estimated to sequester more than 80,000 metric tons of carbon dioxide over 20 years. “We can transform the lives of 5,000 farmers and their families by providing training and allowing them jobs and food security,” said Alexa Castellano, associate at Trees for the Future.
Next up is none other than the University of Arizona, where the post-secondary institution sees over $20,000 per month in crypto donation volume. The funds are used for scholarships, student experience, athletics, research, and various academic programs. In the end, Vive Church, a global community of churches with US and EU locations, managed to raise over $300,000 in crypto for a down payment for an 80,000-square-foot building in Palo Alto, which has 2,000 in its auditorium. People could sit. And there also appears to be a lot of “belief” in this kind of donation method, as Vive Church’s director of finance Aaron Williams explains:
“Crypto is the only asset class that people are passionate about. I constantly get phone calls and text messages about it from donors. I didn’t expect that much passion around it. But I believe it.” that their passion outweighs generosity.”
