Where did crypto donations go? Here are six beneficiary charities told by The Giving Block

Charity and donations have been a hot topic in the cryptocurrency space lately. It's not just an act of giving. In countries such as the United States, national tax authorities offer generous tax breaks to those who donate cryptocurrencies to registered charities. A company called The Giving Block provides cryptocurrency fundraising solutions to more than 1,000 nonprofits.

But how exactly does investor money play out? In a series of case studies provided to Cointelegraph, The Giving Block illustrates how six charities have benefited, with total donations on its platform growing by more than 1,000% year-over-year in 2021. Tammy Tibbetts, co-founder and chief executive of She's the First, a charity promoting gender equality through education, said:

“During one of the most challenging fiscal years of my career as a nonprofit CEO, I realized I had to take cryptocurrency seriously. If I didn’t, the ship would start without us voyage, and take away the resources that can help girls around the world get an education and start their dreams. This cryptocurrency donation, our second largest gift of the year, has completely changed the way I think about cryptocurrencies.”

Thanks to a cryptocurrency fundraiser, She's the First delivered more than 1,400 food, water and menstrual kits and connected more than 6,000 girls around the world with mentors. Likewise, cryptocurrency donations to CARE, one of the oldest nonprofits fighting global poverty, rose from around $7,000 in 2020 to over $330,000 in 2021. The NFT CARE Package for Afghanistan raised over $200,000 in a few weeks to provide humanitarian aid to Afghan families.

Or the orangutan conservation project Orangutan Outreach, which has raised more money through cryptocurrency donations than their entire 2020 revenue budget. "We're going to incorporate cryptocurrency into everything we do in the future, and make it bigger so we can do more good," said Richard Zimmerman, the organization's executive director. Organtuan Outreach's team at the purpose-built shelter cares for orphaned and displaced orangutans, with the ultimate goal of releasing them into the wild.

Regenerative farming nonprofit Trees for the Future managed to plant 2.3 million trees, thanks in part to a non-fungible token campaign, which are estimated to absorb more than 80,000 metric tons over a 20-year period of carbon dioxide. “We can make a difference in the lives of 5,000 farmers and their families by providing the training to give them jobs and food security,” said Alexa Castellano of Trees for the Future.

Next up is the University of Arizona, an institution of higher education with more than $20,000 in monthly cryptocurrency donations. This money is used to fund scholarships, student experience, athletics, research and various academic programs. Finally, Vive Church, a global community of churches across the US and EU, managed to raise over $300,000 in cryptocurrency as a down payment on an 80,000-square-foot Palo Alto building with a 2,000-seat auditorium. Vive Church's financial director, Aaron Williams, explained that there also seems to be a lot of "confidence" in this method of giving.

“Cryptocurrency is the only asset class that people seem to be super passionate about. I get calls and texts from donors a lot. I didn’t expect so much enthusiasm from them. But I believe their enthusiasm drives generosity. "

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