Nonprofit webinar recording
Crypto 101: The rise of cryptocurrency & what it means for philanthropy in 2021
14% of Americans now own cryptocurrency and another 13% say they’ll buy crypto in the next year. Currencies from Bitcoin to Ethereum have been exploding in popularity — and all crypto is currently valued at more than $1.6 trillion.
Similar to stock, donating crypto is an incredibly tax-savvy way for donors to give. Yet, very few nonprofits accept crypto. As a new form of giving, gift officers and development leaders are still trying to understand what these gifts are, how to handle these donations, how it will impact philanthropy, and if accepting crypto is even worth it.
Watch Patrick Schmitt, the Co-CEO of FreeWill, to learn what crypto is, why it matters, and how nonprofits can accept these gifts.
In this webinar, we covered:
- History of crypto and how it works
- Insights on crypto impact on philanthropy
- Tax benefits of donating crypto
- How to accept crypto donations
- Paths to success with crypto