Crypto Philanthropy is a new and thrilling fundraising avenue for nonprofit organizations. With more than 300 million crypto users worldwide and the value of many cryptocurrencies rising, the crypto community is in a position to make a wide-reaching impact through philanthropy. Donating crypto is also one of the most tax-efficient ways for individuals to support causes that matter to them. We are excited about what the future holds in the crypto and blockchain space, and believe that we've just scratched the surface of its true fundraising potential.
The Giving Block Cryptocurrencies:
The Giving Block's donation platform supports dozens of the world's leading cryptocurrencies. Click on the icons or names below to learn more about each one, from general information to donation stats. We are continually in the process of adding support for new cryptocurrencies.
As of 5/13/2024:
Bitcoin (BTC), Ethereum (ETH), USD Coin (USD), Tether (USDT), XRP (XRP), Avalanche (AVAX), Samoyedcoin (SAMO), Galxe (GAL), STEPN (GMT), Tune.FM (JAM), Chiliz (CHZ), Qredo (QRDO), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Dai (DAI), Litecoin (LTC), ChainLink (LINK), Uniswap (UNI), Bitcoin Cash (BCH), Decentraland (MANA), Filecoin (FIL), The Sandbox (SAND), ApeCoin (APE), Fantom (FTM), Axie Infinity Shards (AXS), Tezos (XTZ), Aave (AAVE), Zcash (ZEC), Maker (MKR), The Graph (GRT), Gala (GALA), Quant (QNT), Enjin Coin (ENJ), Loopring (LRC), Synthetix (SNX), Basic Attention Token (BAT), Curve Dao Token (CRV), Amp (AMP), Compound (COMP), Skale (SKL), PAX Gold (PAXG), yearn.finance (YFI), Ankr (ANKR), 0x (ZRX), Livepeer (LPT), Render Token (RNDR), Dogelon Mars (ELON), UMA (UMA), SushiSwap (SUSHI), Storj (STORJ), Ren (REN), Lido (LDO), Ethereum Name Service (ENS), Injective (INJ), Fetch.ai (FET), Orchid (OXT), API3 (API3), Mask Network (MASK), Somnium Space (CUBE), Gemini Dollar (GUSD) and more!
Creative Tip: Visit our Crypto Library for all your crypto image needs! You can also find a Zip file that contains all crypto images you can download at once for your social media and marketing purposes!
A Powerful Donation Form:
The Donation Form is the tool that allows your organization to accept dozens of the world's leading cryptocurrencies as donations. You pop it on a 'Donate Crypto' page on your site for your donors. and we add it to your profile on our crowdfunding site for new donors. Our standard Donation Form size recommendation is 300 x 600.
Troubleshooting & Donation Form Security:
The Giving Block also offers technical support, Donation Form troubleshooting and is the best in class donation security.
Cryptography is also a way of protecting information through complex coding that allows only the intended parties to read or process the information. Basically, cryptography helps keep the world's digital data secure from hackers and other unwanted viewers. By design, cryptocurrency is intent on protecting user privacy, and it allows users to have some degree of anonymity
How does the Donation Form work:
Donating crypto is safe, easy, and fast. Using the Donation Form on this page, making a charitable gift is a quick three-step process:
- Select your preferred crypto and enter your gift amount
- Type in your email and basic info (or choose to give anonymously)
- Make your gift!
Upon making a donation, you can elect to receive an automatically generated tax receipt that will be sent to the email address you provide. This confirmation of your donation will help you close the loop when calculating your taxes. Crypto charitable donations are processed quickly and safely with The Giving Block and Gemini Trust Exchange.
How do I obtain a wallet address from the Donation Form?
After donors go through the process of accessing your Donation Form on your donor page, and choose the cryptocurrency, they will then receive a unique wallet address that they can copy and use repeatedly that is donation form specific to your organization located on your cryptocurrency donate page. The donation form is Dynamic which means, it generates unique wallet addresses each time to keep the nonprofits and the donors safe.
What should my online presence be and how best do I utilize this Donation Form snippet?
We always recommend having a stand-alone landing page so donors and SEO can easily find you, like www.yourorganization.org/donatecryptocurrency/ or /donatecrypto/ or /crypto.
Below are recommendations of sections to include on your page:
- The Why
- Why should people donate cryptocurrency to your organization (your mission + any emergency or rapid response you are supporting e.g. COVID relief, Afghanistan response).
- Include a mission-focused photo or video - something that visually conveys the impact of your organization to draw the donor in.
- Tax Benefits
- Donating cryptocurrency is a non-taxable event. Donors do not owe capital gains tax on the appreciated crypto that is donated and can typically deduct the fair market value of the donation on their taxes. This often makes Bitcoin, Ethereum, and other cryptocurrency donations one of the most tax efficient ways to support your favorite cause. Talk to a crypto-savvy tax professional or connect with The Giving Block to get connected with one. If you want to learn more about how donating crypto can lower your taxes, check out thegivingblock.com/faq.
- List Crypto Accepted
- Bitcoin (BTC), Ethereum (ETH), USD Coin (USD), Tether (USDT), XRP (XRP), Avalanche (AVAX), Samoyedcoin (SAMO), Galxe (GAL), STEPN (GMT), Tune.FM (JAM), Chiliz (CHZ), Qredo (QRDO), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Dai (DAI), Litecoin (LTC), ChainLink (LINK), Uniswap (UNI), Bitcoin Cash (BCH), Decentraland (MANA), Filecoin (FIL), The Sandbox (SAND), ApeCoin (APE), Fantom (FTM), Axie Infinity Shards (AXS), Tezos (XTZ), Aave (AAVE), Zcash (ZEC), Maker (MKR), The Graph (GRT), Gala (GALA), Quant (QNT), Enjin Coin (ENJ), Loopring (LRC), Synthetix (SNX), Basic Attention Token (BAT), Curve Dao Token (CRV), Amp (AMP), Compound (COMP), Skale (SKL), PAX Gold (PAXG), yearn.finance (YFI), Ankr (ANKR), 0x (ZRX), Livepeer (LPT), Render Token (RNDR), Dogelon Mars (ELON), UMA (UMA), SushiSwap (SUSHI), Storj (STORJ), Ren (REN), Lido (LDO), Ethereum Name Service (ENS), Injective (INJ), Fetch.ai (FET), Orchid (OXT), API3 (API3), Mask Network (MASK), Somnium Space (CUBE), Gemini Dollar (GUSD) and more!
- Refund Policy:
- We strongly suggest that you explicitly treat all cryptocurrency donations as final and do not offer refunds. Also make it clear that no goods, services or airdrops will be offered in exchange for cryptocurrency donations. An example of our donation refund policy is here. Here is an example for your crypto giving webpage:
"All cryptocurrency donations made via The Giving Block are nonrefundable. We are not able to give refunds if you changed your mind, sent the wrong cryptocurrency or made the wrong decision."
- We strongly suggest that you explicitly treat all cryptocurrency donations as final and do not offer refunds. Also make it clear that no goods, services or airdrops will be offered in exchange for cryptocurrency donations. An example of our donation refund policy is here. Here is an example for your crypto giving webpage:
- Donors Please Read - IMPORTANT:
- Please only send the exact cryptocurrency listed on the blockchain mentioned on the donation form. Do not send any other cryptocurrencies (including layer 2, wrapped tokens, NFTs or other ERC-20 tokens not listed) as these are unsupported and may result in loss of donation. For more info, click here.
- Make sure it is easy to find, and ensure that it's accessible from your website menus and other ways to give page.
- Client Examples:
- Once your crypto giving webpage is ready:
- After setting up your crypto donation webpage, please submit it for a complimentary audit by our team. We will provide you with feedback to enhance your giving page(s).
How many people use cryptocurrency?
There are currently about 59,100,000 users in the US and 300,000,000 globally. The number of cryptocurrency users has increased exponentially from 2017 to 2022.
Who donates cryptocurrencies?
Cryptocurrency donors are generally Millennials and Gen Z donors. 43% of Millennials prefer crypto investing to stocks. Meaning a significant percentage of Millennials have appreciated crypto they can donate each year for tax purposes.
Does the IRS recognize cryptocurrency donations?
The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501c3 charities receive the same tax treatment as stocks.
Which cryptocurrencies are donated the most?
Ethereum, Bitcoin and USDC were the most-donated cryptocurrencies to nonprofits on The Giving Block in 2021. While Bitcoin used to be the dominant cryptocurrency for charitable giving, the Crypto Philanthropy landscape has become more diverse over time.
How much cryptocurrency is donated each year?
Currently, there is about $300,000,000 donated in the form of cryptocurrency each year. As the crypto market has grown, so too have cryptocurrency donations.