These Are 6 Institutions That Benefit From Crypto Donations, One Of Them Is Orangutan Conservation!

Orangutans are one of the beneficiaries of crypto donations. (photo: twitter @redapes)

JAKARTA - Charity and donations have become a trending topic in the cryptocurrency world lately. This action is not just an act of giving. This is because in countries like the United States, state revenue authorities provide large tax breaks for those who donate their crypto to registered charities.

One company, The Giving Block, provides such crypto fundraising solutions to more than 1,000 nonprofits.

In a series of case studies provided to Cointelegraph, The Giving Block illustrates how the six charities benefited as the overall donation volume on its platform jumped by more than 1,000% year over year in 2021.

Tammy Tibbetts, co-founder and CEO of She's the First, a charity that helps gender equality through education, tells of the donation.

“In the most challenging fiscal year of my career as a nonprofit CEO, I realized that I had to take crypto seriously. Otherwise, the ship will sail without us and, with it, take the resources that can help the girls of the world to access education and unlock their dreams. This crypto donation is our second biggest giveaway this year, completely changing my view on cryptocurrencies,” Tibbetts said, as quoted by Cointelegraph.

Thanks to a crypto fundraising campaign, She's the First delivered more than 1,400 food, water and menstrual supplies, connecting more than 6,000 girls with mentors around the world.

Likewise, CARE, one of the oldest non-profit organizations fighting global poverty. They are now seeing crypto donations increase from around US$7,000 in 2020 to over US$330,000 in 2021.

One campaign, CARE's NFT Package for Afghanistan, even raised more than US$200,000 in a matter of weeks to provide humanitarian assistance and assistance to families in Afghanistan.

Then there's the orangutan conservation project Orangutan Outreach, which raised more than their entire 2020 revenue budget with crypto donations. “We will incorporate crypto into everything we do moving forward, making it bigger so we can do more of the good work,” said Richard Zimmerman, the organization's executive director.

The Organtuan Outreach team cares for orphaned and abandoned orangutans in a specially built nature reserve with the ultimate goal of releasing them back into the wild.

Thanks to the NFT donation campaign, the regenerative agriculture nonprofit Trees for the Future managed to plant 2.3 million trees which are estimated to absorb more than 80,000 metric tons of carbon dioxide over 20 years.

"We can change the lives of 5,000 farmers and their families by providing training and enabling them to have jobs and food security," said Alexa Castellano, partner at Trees for the Future.

Next up is the University of Arizona. This post-secondary institute earns more than US$20,000 per month in crypto donation volume. The money is used to fund scholarships, student experiences, athletics, research and various academic programs.

Finally, Vive Church, a global church community with locations throughout the United States and the European Union, raised more than $300,000 in crypto to make a down payment on an 80,000-square-foot building in Palo Alto that seats 2,000 in its auditorium. There seems to be a lot of "faith" in such donation methods as well, as Aaron Williams, Vive Church finance director explains:

“Crypto is the only asset class that people seem to really like. I keep getting phone calls and texts about it from donors. I didn't expect much passion around it. But I believe that their passion drives generosity,” says Williams.