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Nonprofits Get a New Type of Donation: Cryptocurrency


Still, she said, there are plenty of resources, like the Giving Block, that allow people to donate cryptocurrency and nonprofits to receive it safely and relatively easily.Donor-advised funds, which allow people to make donations today for tax purposes and recommend charitable grants at a later date, have seen an increase in cryptocurrency donations. Among them are Fidelity Charitable, the largest donor-advised fund in the United States, with over $35 billion in assets, and its main competitor, Schwab Charitable, with over $17 billion.So far this year, Fidelity Charitable has received $150 million in cryptocurrency, up from $28 million for all of 2020 and $13 million …

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