Report: Crypto Donations are a Multi-Billion-Dollar Revenue Stream for Charities
Nonprofit fundraising solution The Giving Block, a Shift4 company, has released its "2024 Annual Report on Crypto Philanthropy" featuring key insights into this fast-growing movement in charitable giving.
The comprehensive online report includes a crypto market outlook geared toward nonprofit professionals, specific data-driven recommendations for successful crypto fundraising efforts, and examples that showcase the diversity and creativity of crypto philanthropy as a giving method.
Notable takeaways from the report include:
- Over $2 Billion in cryptocurrency has been donated to charitable causes over the last five years.
- Crypto acceptance reaches an all-time high in the nonprofit sector, with the majority of Forbes’ Top 100 Charities now taking cryptocurrency donations.
- USDC, Bitcoin, and Ethereum were the most donated assets in 2023 on The Giving Block.
- Recommendations to integrate cryptocurrency fundraising into a strategy that engages a broader demographic of non-cash asset donors.
“With more investors than ever, prices surging upward, the Bitcoin halving on the horizon, and cryptocurrency investments now accessible through the stock market, the nonprofit industry is poised for the most promising crypto fundraising opportunity in history,” write co-founder Pat Duffy in the opening note to readers.
With thousands of charities actively fundraising cryptocurrency, the report is designed to help guide the nonprofit sector toward a greater appreciation of crypto donors and a better understanding of how to engage them.
The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within do not directly reflect the thoughts or opinions of the staff of NonProfit PRO.
