By Pat Duffy, co-founder of The Giving Block 1) Should your nonprofit fundraise cryptocurrency? Hundreds of nonprofits now accept cryptocurrency donations. Bitcoin is perhaps the fastest and most tax-efficient way for donors to support nonprofits, but not all nonprofits should accept cryptocurrency. Reasons to accept crypto donations: Simplicity: Crypto is significantly easier than accepting stock donations. Market Size: Crypto...
By Alex Wilson and Pat Duffy, co-founders of The Giving Block Nonprofits have been accepting cryptocurrency donations for over a decade. The recent spike in cryptocurrency fundraising was sparked by IRS guidance which provided clarity and ignited the trend. Over the last couple of years, we’ve spent hundreds of hours talking to senior nonprofit leaders across organizations both large and small about Bitcoin...
By Alex Wilson and Pat Duffy, co-founders of The Giving Block Thanks to the increase in the price of Bitcoin and other cryptocurrencies, nonprofits are increasingly turning to cryptocurrency as a new source of revenue. Beyond the revenue potential, some nonprofits are taking things a step further by looking at ways they can become more transparent, provide stability, and provide tax...
By Paul Lamb, Principal at Man On A Mission Consulting, has over 25 years of experience in business, nonprofit management, technology, and public policy. We’ve all heard about blockchain, or at least its most famous application – bitcoin. But what exactly is blockchain it and how is it relevant for nonprofits? Blockchain Simplified At its core blockchain is a...
By Alex Wilson, Director of BlockShop DC and founding partner of The Giving Block Let’s start with the basics. Bitcoin was launched on January 3, 2009, in the midst of the financial crisis and bank bailouts. Why does that matter? Bitcoin is a digital cash with no middle-men, no central authority, and truly peer-to-peer in a way that couldn’t be censored...