Crypto Donations: What Nonprofits Need to Know

What Are Crypto Donations? 💸

A crypto donation involves a donor giving digital currency instead of traditional cash to a nonprofit organization. These gifts can be converted into regular currency or held as assets by the nonprofit, depending on their policies.

Why Nonprofits Are Exploring Crypto Donations:

💻 A Growing Donor Base: Over 420 million people worldwide use cryptocurrency, with many seeking innovative ways to give back.

📈 Rising Popularity: More nonprofits are beginning to accept crypto, recognizing its potential to diversify income streams and reach new donors.

🌍 Global Reach: Crypto transcends borders, allowing nonprofits to connect with international supporters more easily than ever before.

How It Works for Nonprofits:

1. Donor Transfers Crypto: A supporter sends cryptocurrency to your nonprofit’s digital wallet.

2. Automatic Conversion: Using platforms like The Giving Block or Engiven, crypto can be automatically converted into cash.

3. Acknowledgment: Issue a tax receipt reflecting the donation’s fair market value at the time of the gift

How to Start Accepting Crypto Donations 🚀

Ready to take advantage of crypto donations? Here’s how to get started:

- Choose a Trusted Platform: Services like The Giving Block and Engiven offer secure crypto donation processing.

- Update Your Donation Page: Clearly explain how crypto gifts support your mission and add a “Donate Crypto” button.

- Educate Your Supporters: Share content explaining the tax benefits of crypto giving.

- Acknowledge Gifts Transparently: Provide a detailed tax receipt and clearly explain how the donation will be used.

💡 Pro Tip: Host a "Crypto Giving Webinar" for your donors to educate them on this emerging way to give!

Featured Grants 🗂️

🎀 1. Literacy Opportunity Fund
Focus: Supports adult literacy programs across the United States, providing funding for general operating expenses and specific literacy initiatives.
Amount: Varies
Deadline: Rolling
Pro Tip: Highlight measurable literacy outcomes and community impact to strengthen your application.
👉 Apply Here

🎀 2. Fisher House Foundation Grant
Focus: Provides grants for nonprofits supporting military families, housing, and wellness services.
Amount: Up to $250,000
Deadline: March 6, 2025
Pro Tip: Highlight long-term support services for veterans and their families.
👉 Apply Here

🎀 3. KFC Foundation’s “Kentucky Fried Wishes” Grant
Focus: Provides grants to nonprofits addressing community needs like education, crisis support, and personal growth.
Amount: Up to $10,000
Deadline: Rolling
Pro Tip: Focus on how your program directly impacts local communities and aligns with KFC’s commitment to helping people thrive.
👉 Apply Here

🎀 4. Dan Paul Foundation Grant
Focus: Funds programs that enhance education, youth development, and environmental initiatives.
Amount: Varies
Deadline: Rolling
Pro Tip: Showcase innovative and impactful programs that benefit youth and align with the foundation's mission.
👉 Apply Here

🎀 5. Entergy Micro Grants
Focus: Supports nonprofits in Entergy’s service areas working on community improvement, education, and disaster recovery.
Amount: Up to $1,000
Deadline: Rolling
Pro Tip: Highlight specific, localized projects with immediate impact to improve your chances of approval.
👉 Apply Here