How Cryptocurrency and Blockchain are Changing Philanthropy

Most of the headlines surrounding cryptocurrencies tout its revolutionary impact on the monetary system and the vast fortunes being made almost overnight. Famously, the Winkelvoss twins became Bitcoin billionaires. YouTube and social media outlets are crammed full of Bitcoin gurus and promotors showing how average Joe’s became wealthy. From all the hype, it would seem cryptocurrency fosters an avarice that would make Gordon Gecko proud.

Perhaps it does. But a less known aspect of the cryptocurrency revolution is how it is changing philanthropy. As detailed by Cointelegraph, cryptocurrency offers charities options for fundraising, issuing charity coins, and creating crypto-foundations. Some philanthropists are actively using cryptocurrency to increase their charitable efforts.

Many well-known charitable organizations have started accepting Bitcoin donations, at least on a trial basis. Red Cross, Save the Children, United Way, and Electronic Frontier Foundation are amongst the charities accepting Bitcoin. Fidelity Charitable took in $69 million in Bitcoin donations for 2017.

The new crypto charity platform BitHope provides a convenient way for donors to give to their favorite charities. The site advertises that users can utilize their Bitcoins to give hope. Platform users simply navigate to BitHope’s website, where they can search for available charities.

Most initial coin offerings (ICOs) are for business. They are typically used to raise startup capital, much like an initial public offering of stock, though an ICO requires substantially less red tape and remains largely outside the purview of government regulators. Charitable-minded people who believe in a certain cause can now give through charitable coins. For example, Clean Water Coin has been invented to raise money for the charity Water, which works to provide clean water to families in regions suffering scarcity. Pinkcoin offers a unique platform where investors can earn a return and give to charity.

Foundations have long been a mainstay of the charity world. It seems natural that they should extend into the cryptocurrency world, considering that many view cryptocurrency as the future of money. Many charities have already been set up and provide large donations of Bitcoin and other cryptocurrencies to a large number of charities.

Cryptocurrency shows no sign of slowing down. From ICOs to surging valuations, fortunes are being made. History has shown that when people make tremendous amounts of money, they feel obligated to give back. In the world of cryptocurrency, the charitable giving infrastructure is already being built.

What To Consider Before Donating To Charity This Holiday Season

The holiday season is finally here, and you can’t get your mind off your to-do list. Your list is long, as usual, but there is one thing that makes it different from other lists that you have made before: it includes giving some money to a charitable organization. You want to be a change agent and help make the world a better place. Before you give, however, be aware that there are fake charity organizations out there that want to take advantage of your generosity and compassion for others. You want to ensure your hard-earned money is benefiting a worthy cause. Here is what you should consider before you donate to a charitable organization this holiday.

Are They Legitimate?

Charity solicitations increase during holidays. Before you give, it is crucial to ensure the non-profit organizations you choose are legitimate. How can you tell if a non-profit is legit or not? The first thing you should consider is the word-of-mouth. Do your friends and colleagues know about the organization? You should also conduct research online to find out what other donors and other people say about the organization. Besides, there are also online tools that have popped up in recent years that can help you know whether or not an organization is worth donating to. Use every source possible!

Tip: Donate only to organizations that you know and have confidence in what they do and represent.

Who Runs The Organization?

Information about the people running a non-profit will also help you know if it’s worth it or not. Well-run charitable organizations are effective and have a transparent management team. Are they responsive and committed to the people they serve? How will they show you that your donations will be put to good use? Answers to these questions will help you know what you are getting yourself into.

Tip: Look at the organization’s financial records will help you know the kind of people that run the organization.

Does The Non-Profit Organization Have Tax-Exempt Status?

When giving to charity, it’s advisable to ensure your donations are tax-deductible. The best way to make sure this happens is to ensure you only deal with accepted non-profit organizations. If an organization claims to have a have tax-exempt status, don’t take their word for it. Make sure you use every resource possible to verify that information.

Tip: Check if the organization is in the IRS online charity database is the easiest way to know if it has a 501(c)(3) tax exemption.

Don’t judge a non-profit based on its name. Be bold and ask the hard questions. This way, you will identify a non-profit that will help make a difference.

Following Your Donor Dollars: How the Money You Donate is Spent

Something catastrophic happens in the world and your first reaction is to want to help by whatever means you can. Most often, this means donating money to a relief fund or nonprofit organization so that front line work can happen at the location of the tragedy. Once the dollars leave your plastic card in your wallet, do you know exactly where they go? The truth is, there’s a lot more to the path than a direct flight from your pocket to the scene of the disaster.

Separating Emotion from Thought

Sometimes it can be difficult to separate thinking from emotion during traumatic times. People most often relate to others in hard times through sympathy and empathy, which are not tied to cerebral brain function. Conversely, investing money has lots to do with practical thought. Before you donate, do your best to take a second for critical analysis of whichever charity or vessel your money will travel through to get to the people who need it. “Is this organization healthy and functional? Does their mission resonate with me on a deep level?” If both of these questions are answered with the affirmative, proceed to donate your heart out.

Undesignated Funds for the Win

Pro tip: If given the option, let your donation stay undesignated rather than choosing a specific job for it. For example, if there are multiple projects as options for donating and another pool that says the foundation can do as they see fit with the money, choose the latter. By entrusting your donation to the organization, they can direct it toward whichever program is in the highest demand at that moment. Allowing this freedom means that your dollar will go as far as it possibly can.

Advantages to Donating Money vs. Supplies

Once the organization receives your money, it is turned into a grant and utilized for project purposes. Often, especially if you allowed your donation to stay unrestricted, your dollar goes a lot further than it would if you had spent it and donated physical supplies. Nonprofits and charities often get special discounts at stores that allow them to purchase much needed supplies cheaply in bulk so that they can be re-packaged and distributed to people that need them.

Thanks to people like you, victims of tragedies can get the support they need following an unfortunate event. By understanding the process of donation, you maximize your contribution.

The Most Influential Nonprofit Organizations

In the wake of the natural disasters that have occurred over the last few months, nonprofit organizations are important. These organizations strive to make an impact by helping people. If you are looking to donate your time or finances, here is a look at the top nonprofit organizations in the World.

National 4H Council

4H is one of the most historic land grant universities in the World. 4H has a large mentoring and development organization. National 4H Council emphasizes public service and strives to help out communities. The National 4H Council has positively impacted millions of young people through its large network of volunteers.


The Public Broadcasting Services have reached multiple generations of people through their intriguing, high quality programs. PBS hopes to positively influence people regardless of their gender, socioeconomic status, or race. The famous home of Reading Rainbow, Barney, and Sesame Street, PBS Kids is available to everyone free of charge.


The Technology, Education, and Design nonprofit organization was founded by Richard Wurmah. TED was originally a conference for people who wanted to establish new relationships. Today, TED strives to increase awareness about commerce, innovation, and society.

The Rotary Foundation

The Rotary Foundation is made up of many volunteer organized projects that strive to help communities. The Rotary Club is actively backed by more than a million people. The Rotary Foundation uses their funds to create grants that start neighborhood cleanups, among other initiatives.

United Nations Children’s Fund

UNICEF is committed to the health of every child in the World. UNICEF strives to make sure that every child receives the proper education and nutrition. The organization sets aside billions of dollars to go towards medical supplies and services to make sure that every child receives the necessary vaccines.

Human Rights Watch

The Human Rights Watch is made up of hundreds of lawyers, journalists, and other experts around the World who investigate information about the global outlook. The Human Rights Watch issues multiple reports and briefings throughout the year. The Human Rights Watch works with different financial institutions, government officials, and corporations.

Sierra Club

The Sierra Club is one of the most famous environmental organizations in The World. The Sierra Club promotes clean energy, and has helped pass the Clean Air Act and Clean Water Act.