What Your Nonprofit Needs to Know About Cryptocurrency
At Cathexis Partners, we’re always keeping an eye on the latest nonprofit fundraising and marketing tech trends to help our customers understand what trends may be worth trying to help boost fundraising and marketing results. One emerging trend that every nonprofit should know about is cryptocurrency donations.
Here are some additional details and a resource to help you learn more about this growing trend:
What is cryptocurrency?
Cryptocurrency is a digital currency that can be transferred electronically. You may be most familiar with the cryptocurrency called Bitcoin. Cryptocurrencies such as Bitcoin are traded on platforms, or exchanges, such as Coinbase.
Why are cryptocurrency donations important to nonprofits?
Donating directly in cryptocurrency offers substantial tax advantages for the donor because cryptocurrency donations are treated the same as real estate or stock, but are more easily converted to U.S. dollars. Use of cryptocurrency is growing rapidly, presenting a unique opportunity for nonprofits to tap in to a new community of donors.
What every nonprofit should know about cryptocurrency
Find out more about cryptocurrency donations and how you can start using them for your nonprofit in this webinar that Cathexis Partners recently hosted with The Giving Block and Lupus Foundation of America:
What Every Nonprofit Should Know About Cryptocurrency — watch the recorded webinar
I hope you find this resource helpful. And remember, as you look to take your fundraising to the next level, contact us at Cathexis Partners. We’re here to help.