The new website for donating cryptocurrency to the Fred Hutchinson Cancer Research Center.
As the values of Bitcoin and Ether are hovering near record highs, America’s nonprofits are in the peak months of their annual fundraising. Some charitable organizations are hoping to bring those two events together to boost coffers that have taken a hit during the pandemic.
This fall, Pacific Northwest nonprofits including the Fred Hutchinson Cancer Research Center and Mary’s Place, an organization supporting women and families experiencing homelessness, have started directly accepting donations of cryptocurrency.
While it’s early days, the response so far has been muted: Fred Hutch reports two crypto gifts, and Mary’s Place is working out details with a donor who is offering a “sizable match” — in regular dollars — for crypto donations received during the upcoming GivingTuesday event. 501 Commons, the nonprofit that organizes GivingTuesday and GiveBIG events in Washington, said few nonprofits in the state are directly accepting crypto at this point.
“This is brand new. In the world of philanthropy, things take a while,” said Kelly O’Brien, vice president of philanthropy for Fred Hutch.
But change is coming as cryptocurrencies are becoming increasingly mainstream.
‘This is brand new. …read more
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