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.

How Billionaires Are Pooling Assets For A New Philanthropic Fund

Several billionaire philanthropists who signed Bill Gates and Warren Buffett’s “Giving Pledge” have agreed to combine some of their resources and to develop new ideas for giving their money to philanthropic causes. Recently, Bill Gates, Richard Chandler, Jeff Skoll, Romesh Wadhwani and others have joined to launch Co-Impact, an organization committed to improving global health, education and economic inequality.


Giving Pledge

In 2010, billionaires Bill Gates and Warren Buffett created the campaign “The Giving Pledge.” This campaign inspires wealthy people to donate part of their money to philanthropic causes. The pledge is not a contract but a moral agreement to give at least half of their net worth to charity, either during their lifetime or upon their death. The Giving Pledge initially had 40 donors but has increased to 158 in seven years. Over $365 billion dollars has been pledged from the most wealthy including donations by Mark Zuckerberg, David Rockefeller, and Sara Blakely.



Co-Impact was founded due to the evolving approach to philanthropy, which connects philanthropists, non-profit organizations, government, social leaders, and the private sector to make change collectively. The group plans to connect, support and leverage to provide world-wide change. The organization has set a goal to donate at least $500 million to provide economic opportunities, advance education, and improve health for all people.

“Time is not on our side on some of the world’s most pressing issues,” Jeff Skoll, Co-Partner of Co-Impact, said. “Investing more in social entrepreneurs’ proven work allows them to accelerate their pace and reach, and enhances the possibility of achieving transformational social change sooner.”

The core of Co-Impact is to bring public and private groups together to create a “systems change.” Unfortunately, there are not many mechanisms to match leaders aiming to solve social issues with the donors and philanthropists interested in providing the right size and kinds of capital. Co-Impact wants to connect social change leaders with the donors who both share a vision to make change.

“Partnerships between social change leaders, youth, women and communities are essential to achieving the Sustainable Development Goals,” Amina J. Mohammed, Deputy Secretary-General for the United Nations, said. “If we want to improve people’s health and well-being, provide education and economic opportunities for all, we must scale up solutions. Co-Impact can make a meaningful contribution to building more peaceful and prosperous societies and creating a brighter future for all.”


Co-Impact is committed to improving global health, education and economic inequality around the world by connecting wealthy philanthropists to social change leaders. The organization is breaking down barriers to large-scale change and improving the lives the millions.

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.

What is the Center for Disaster Preparedness

If you are like millions of people around the world, you watched in horror as Hurricane Harvey and its aftermath tore up Texas and Louisiana. Many individuals were moved like the members of the Cajun Navy to move into the area to provide immediate help while thousands were moved to donate their hard-earned money to help victims. Most of the giving came within a week of the disaster and almost 80 percent of donations will come in the first month. Yet, recovery is a long-term process. As of September 12, 2017, 692,030 people had applied for federal emergency disaster help through the Federal Emergency Management Agency (FEMA).

Who is the Center for Disaster Preparedness?

Nearly everyone who opened their Facebook and Google accounts to be confronted with a request for donations. Facebook even announced that they would match donors pledges up to $1 million. Those donations went to a Washington D.C.-based think-tank called the Center for Disaster Preparedness led by Bob Ottenhoff that has been in operation since 2012. In 2016, this organization operated on a seven-person staff with a $4.4 million budget. This is the first time that the organization will handle anywhere near the amount of donations they are likely to receive. In addition to providing funding for organizations working on hurricane relief, the group assists with disaster funding for lesser-covered events like the severe flooding in Asia.

What Does the Center for Disaster Preparedness Do?

Storm victims are unlikely to recognize this nonprofit in the immediate wake of the hurricane. In fact, they may never recognize the name because this organization is not aiming to do hands-on relief. Instead, it is a clearinghouse that will distribute funds to organizations that are providing relief now and far into the future. It is the goal of Center for Disaster Preparedness to identify unmet needs and encourage organizations to meet those needs. The center takes only 5 percent of donated funds to cover their administrative costs, and it allows donors to determine what disaster their donations will help fund. The first funds will not be distributed for two to six months after Hurricane Harvey wrecked havoc as it came on land at Rockport, Texas.

Who Directs the Center for Disaster Preparedness?

Robert Ottenhoff is the Chief Executive Officer of the Center for Disaster Preparedness who is the former director of GuideStar. Regina A. Webster is the vice president of the center. In addition to working with FEMA, she has managed the emergency portfolio for the Bill and Melinda Gates Foundation.


Breast Cancer Awareness Month & How You Can Help

October is Breast Cancer Awareness Month. One out of every eight women will be diagnosed with breast cancer sometime in their life. Such a prevalent condition deserves as much publicity and attention as possible. Take the initiative this October to donate, become a corporate partner, contribute to the Art of Hope Gala, or utilize social media to educate and share your story.


By donating to the cause, you help a multitude of different people. Educational resources are created and utilized as prevention tools to provide information about breast cancer to people who otherwise may not have access to it. Your donation helps provide free mammograms to members of the public who are in need, so that breast cancer diagnosis can begin early and coincide with effective treatments. Otherwise, the same individuals risk being diagnosed later on in the cancer progression and met with less probability of remission, or worse. Patient navigation programs to help people through treatment are another objective of donated funds. This sort of support is invaluable to patients and family members alike. Fortunately, eighty percent of funds go directly to programs rather than to administrative support or overhead. You’ll rest assured that your donation is making as big an impact as possible.

Corporate Partnership

By establishing a partnership to support breast cancer awareness, you are establishing trust in your organization. Most of the general public is likely to buy from a company with strong moral values. By investing in breast cancer awareness, you are proving exactly that. Employees will be inspired by your organization’s social commitment to the cause.

Art of Hope Gala

By sponsoring or attending the gala in March in Dallas, Texas, you are demonstrating support and commitment to an enormously important cause. Thanks to your participation, more people will have access to the medical and social supports they need to stay healthy and happy.

Social Media

Engage with your community on social media to educate others about the importance of National Breast Cancer Awareness Month. Utilize images, text, and infographics to spread the word. Pink ribbons and inspiring messages are both symbols of the ongoing fight against breast cancer that are simple to work into existing conversations. Sharing a story about yourself or a loved one who is battling breast cancer or has survived it lets people know that the condition is real, serious, and beatable. Your words matter; use them to empower the people around you.

Truly, there are lots of ways to participate in Breast Cancer Awareness Month. Take your pick, engage your audience, and teach people why October matters.

New App Looks to Put Philanthropy in the Hands of Mobile Generation

At a certain point in life most people feel the need to give back. Philanthropy plays a big part in the lives of many of the wealthy people, but there are also some young people that would like to give to others as well. Fortunately, this new generation of smart device users are going to be able to become philanthropists through their apps. They don’t have to write big checks for any colleges and make donations in this way. They can actually get connected to an app that allows them to do what they need to do without ever leaving their home.

A new app like Give 2 Charity makes it possible for people that have smartphones to convert their location into points for a donation. This is something that has become innovative over the years because it gives people the ability to donate to different causes as soon as they find out about something that is going on. The great thing about apps like this is that it provides people with the opportunity to give to lots of to organizations like American Red Cross, the Salvation Army, American Cancer Society and the Ronald McDonald House Charities.

This is where technology is going, and people can look forward to moving apps like this where technology plays an important part in communication and regular donations towards certain causes.

App users have a lot to think about when it comes to the development of apps. It has always been stated that there is an app for everything, and this joke has taken life and become reality. It is possible that there are apps for just about everything that people would like to engage in, and philanthropy appears to be the newest thing that is getting buzz in the app community.

The thing that has managed to make this app spread is the attention that it gets from social media. There are a lot of people that are tweeting about it and posting likes about it through Facebook. That allows even more people to become connected with this type of app and the possibilities that exist for giving through a philanthropy app like this. No longer do people have to complain that they do not have the possibility to give. This app is putting the concept of giving into the hands of those that have smartphones. This shows how app software is evolving.

Why You Should Involve Your Kids In Philanthropy

One of the greatest transfers of wealth will be taking place over the next decade as Baby Boomers will be passing on their estates to their children. If history is any indication, most of that fortune will be lost inside of three generations.

This is why it is important to get your children involved in financial matters at an early age. One of the best ways to teach them about money and your values is to get them involved in philanthropic activities. By following a few simple strategies you can lay the groundwork for their financial education and ensure that your charitable legacy will remain intact.

Document Your Philanthropic History

By illustrating your family’s charitable giving history your children will have a better understanding of the motivations behind them. They will also be more inclined to carry on the family tradition if they know the origins of it.

Create A Family Mission Statement

Just like any business, your family should have a mission statement that clearly spells out the values and purpose. By involving your children in this process they will not only understand why they should give bt also will have a hand in deciding where the money will ultimately end up.

Get Them Involved

Regardless of your level of financial giving, you should get your kids involved in charitable activities as soon as possible. And it does not have to be through an organized charity. You can take your child and buy school supplies for those school children in need.

Spend one day with your kids and pack the supplies in bags or backpacks and involve them in the decision on which school to donate them to. You can even take it a step further and have them contact friends, family, and neighbors and get them to contribute and volunteer.

Allow Your Children To Decide Where To Contribute

One of the most effective ways to get your children involved in philanthropic ventures is to allow them to decide where the money goes. This will allow them to find a charity or cause that they feel strongly about.

Encourage them to do research on different charitable organizations and make a recommendation to you. Have them develop a plan to distribute the funds over a set period of time.

Setting up a plan for your family’s philanthropic activities will take some time but the effort will be worth it. Getting your children involved early will ensure that your charitable giving will continue through the following generations.

Making Philanthropy Part Of Company Culture

Charitable giving is not just the realm of wealthy individuals and global corporations. No matter what size business you can benefit from instilling philanthropic giving as part of your company culture. Not only will you be helping out the community your business serves but you will also be giving your employees a sense of contribution and self-satisfaction.

By following a few simple strategies you can have a culture of giving in your business in no time.

Volunteer Together

Plan quarterly or monthly volunteering events for your team. By getting out in a group you not only foster a sense of community within your company but you also make your brand more visible to the community at large.

Get suggestions from your staff as to which charities or events they would like to participate and plan to attend as many events as possible.

Participate In Community Projects

Many of your employees will have pet projects or charities that they are passionate about in the local community. This will give you company exposure as well as shedding a light on needs and concerns of your community.

These events can be food drives, 5K runs, bike rides or local festivals. Keep an eye out for events that are happening around you and see if there are ways your business can help.

Donate Your Time Or Expertise

You do not have to just donate money to charities. You can donate your time or professional expertise. If you are a consultant, you might consider holding classes for adults getting back into the job market. Or donate some of your company’s products to local charities in need.

Get your employees involved by giving them paid time off to go volunteer at local charities or events.

Get Input From Employees

Solicit philanthropic ideas from your employees. Do not just dictate what charities your employees will participate in. Many of them will have charities that they are actively supporting. They may have fundraisers at their children’s school or after school programs. By giving your employees a say in which charities get your time and money they will be more likely to participate.

Set The Example

Giving will quickly become part of your company culture when your team sees you taking an active part philanthropic activities. They will be more likely to emulate your actions rather than just follow your orders.

Being seen as a company who gives back and cares about the community will help set you apart from the competition. But it will also give your employees a sense of purpose and community.