Sep 13, 2022
Crypto donations increasingly play an important and enduring role in the nonprofit sector. Today, a sizeable donor demographic supports charity organizations with varying cryptocurrencies, including Bitcoin, Ethereum, USDC, and other digital assets, which can be automatically converted to US Dollars to further nonprofits' missions. This trend is continuing, and the donation volume has recently spiked. Cryptocurrency offers numerous benefits to nonprofits, including tax efficiency and ease of transaction, plus it makes it possible for the teeming population of crypto users to support philanthropic causes. In today's podcast, Zach Bronstein from Endaoment and Stephen Halasnik from Financing Solutions discuss how crypto philanthropy and web3 affect the dynamic of nonprofit fundraising.