Nonprofits: Working with Us
How are donations processed?
Crypto assets donated through the Crypto for Charity platform are initially received by our affiliated 501(c)(3) tax-exempt nonprofit, FreeWill Impact Fund, which maintains cryptocurrency exchange accounts and wallets with Coinbase and Gemini. See more info about our infrastructure here: https://support.cryptoforcharity.io/article/149-security.
FreeWill Impact Fund provides donors with a tax receipt for their donation, sells the donated cryptocurrency to USD, and passes the net cash proceeds on to the ultimate nonprofit beneficiary organization (subject to our grantmaking policies and procedures)
How can I incorporate this into my current donor strategy?
That’s up to you! If donors reach out to you asking if they can make a crypto donation, you can send them to cryptoforcharity.io and ask them to select your nonprofit. You can also incorporate the link into your website, wherever you list giving options. A more advanced option is to integrate our free donation widget.
Can you provide suggested language to share with my donors?
Sure! Suggested email or website copy:
Thanks so much for your interest in donating cryptocurrency to support {organization}. Check out cryptoforcharity.io, an innovative new giving platform! Crypto gifts are liquidated to US dollars and we receive the net proceeds of the liquidated crypto to put to work towards our mission. All distributions are subject to applicable grantmaking policies. Your gift may be tax-deductible for the full value.
Suggested language for Twitter:
We now accept donations of Bitcoin, Ether and other cryptocurrencies!
- Go to cryptoforcharity.io
- Pick {organization} from the list
- Donate crypto and get a tax receipt
Donations of appreciated crypto don’t trigger capital gains taxes, and may be tax-deductible for the full value.
How do I get my nonprofit added?
We currently accept donations on behalf of the largest 55,000 US nonprofits listed in GuideStar. If your nonprofit is not listed, but you would like to be included in our database, please reach out to us.
What if I don't want my nonprofit included as an option?
Let us know and we'll remove your organization from our database. You can reach out to us.
Can I provide thank-you gifts (or services) to our crypto donors?
No. To ensure that gift receipts provided by FreeWill Impact Fund accurately reflect the deductible value of their charitable contributions, Crypto for Charity partners may not provide donors with thank-you gifts of valuable goods or services.