A whole lot of Hundreds of U.S. Charities Can Now Obtain Cryptocurrency Donations by JustGiving
CHARLESTON, S.C., Feb. 12, 2025 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the main supplier of software program for powering social affect, right this moment introduced that it’s enabling cryptocurrency donations to U.S. nonprofits by its JustGiving platform for peer-to-peer fundraising.
Cryptocurrency donations are already seamlessly built-in into all JustGiving fundraising pages within the U.Ok., and this characteristic is now prolonged to U.S. fundraising pages which might be DAF-enabled to obtain funds by The Blackbaud Giving Fund. This can enable tons of of hundreds of U.S. charities to obtain cryptocurrency as a giving methodology alongside extra conventional strategies.       Â
“Lately, there was a surge in using cryptocurrencies, and we’re persevering with to innovate for our nonprofit clients to verify they’ve entry to the most recent in funds expertise and accelerated giving,” stated Jerry Needel, chief of product innovation, Blackbaud. “By making cryptocurrency donation seamless, we’re enabling a approach for cryptocurrency customers to make tax-free donations and likewise opening up extra donation alternatives for nonprofits seeking to elevate funds for their necessary causes.”   Â
To facilitate this new donation methodology, Blackbaud has partnered with The Giving Block, a number one resolution for cryptocurrency donations. “580 million individuals now use cryptocurrency all over the world, and the market is price over $3 trillion,” stated Alex Wilson, co-founder of The Giving Block. “Charities have to faucet into this new donor demographic. Our purpose is to make accepting cryptocurrency donations simply as simple as taking another on-line donations, and that is precisely what this partnership is doing.”
In 2024 alone, it’s estimated that over $1 billion in cryptocurrency was donated to nonprofits. Cryptocurrencies‘ tax benefits—reminiscent of capital good points tax reduction—present donors with a compelling purpose to contribute, making it important for charities to allow this type of giving.
Donors can now give in over 60 different forms of cryptocurrency when making a donation to a U.S. or U.Ok. charity on the JustGiving platform. This consists of all main cryptocurrency cash reminiscent of Bitcoin, Ethereum and Tether, in addition to a few of the hottest memecoins together with Doge, Dogelon and Shiba. Cryptocurrency funds raised will probably be routinely and immediately transformed to U.S. {dollars} earlier than they’re distributed, eliminating the necessity for the charity to fret about value volatility. DAF-enabled charities on the platform will obtain the funds by The Blackbaud Giving Fund. Â
“We’re very excited to have the ability to obtain donations in cryptocurrency, which is an advantageous funding supply for nonprofits,” stated Matt Nash, government director, The Blackbaud Giving Fund. “Donors can obtain tax advantages from donating an appreciated asset, whereas nonprofits, with the moment conversion to money, can obtain funds that can be utilized to help something from day by day working bills to long run funding. We’re thrilled that this partnership between Blackbaud, The Blackbaud Giving Fund and The Giving Block is making a seamless cryptocurrency donation expertise.”
JustGiving has enabled over $9 billion to be raised for hundreds of charities and good causes because it launched in 2000. Facilitating cryptocurrency donations is the most recent innovation for JustGiving, following a transfer to combine AI into the fundraising web page creation course of final 12 months, which allows fundraisers to make use of the expertise to assist write their fundraising tales and appeals.
Nonprofits seeking to arrange fundraising campaigns on JustGiving can discover extra info here. People seeking to help charities can search for causes, donate or arrange fundraising pages here.
About JustGiving
JustGiving is the world’s most trusted platform for on-line giving. We assist individuals elevate cash for the charities and folks they care about essentially the most. In 2000, JustGiving.com started with one easy purpose – to allow charities to obtain donations on-line from wherever on the earth. Quick ahead 23 years and over $9 billion has been raised for good causes in virtually each single nation on the earth. JustGiving turned a part of Blackbaud in 2017.Â
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the main software program supplier completely devoted to powering social affect. Serving the nonprofit and schooling sectors, corporations dedicated to social duty and particular person change makers, Blackbaud’s important software program is constructed to speed up affect in fundraising, nonprofit monetary administration, digital giving, grantmaking, company social duty and schooling administration. With tens of millions of customers and over $100 billion raised, granted or managed by Blackbaud platforms yearly, Blackbaud’s options are unleashing the potential of the individuals and organizations who change the world. Blackbaud has been named to Newsweek’s listing of America’s Most Accountable Firms, Quartz’s listing of Finest Firms for Distant Staff, and Forbes’ listing of America’s Finest Employers. A remote-first firm, Blackbaud has operations in america, Australia, Canada, Costa Rica, India and the United Kingdom, supporting customers in 100+ nations. Be taught extra at www.blackbaud.com or comply with us on X/Twitter, LinkedIn, Instagram and Facebook.
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