Articles and Resources on Cryptocurrencies, Blockchain and Crowdfunding

In 2016, I decided to remove my general fundraising resources page and refocus on just these timely topics: cryptocurrencies, Blockchain and crowdfunding.

Shared below are links to a variety of articles I find noteworthy. But sharing doesn’t necessarily suggest endorsement – this information is posted solely for the sake of discussion.

Carolyn M. Appleton

Most nonprofit organizations have trouble understanding cryptocurrencies like Bitcoin. But a growing segment of the philanthropic community today is making use of cryptocurrencies for charitable donation purposes. Our sector cannot afford to ignore the subject any longer.

Cryptocurrency is, “any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions” (Merriam-Webster). Blockchain is also included in the online dictionary, as noted:

Courtesy of Merriam-Webster

The following list is organized newest item of information first. If your nonprofit would like to accept cryptocurrencies, but you do not know how to launch the process, I have visited with The Giving Block at length. You might review their videos and information and reach out for assistance. #SmartThinking

On Clubhouse? There are a growing number of bitcoin and crypto discussions. Join in! I have learned a lot from them.

  • Fidelity, “Donating Bitcoin to Charity” (2019). “Fidelity Charitable accepts a wide range of cryptocurrency including Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.” 

Crowdfunding

Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business or social good venture. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together.

On a personal note and from the standpoint of a successful major gift fundraiser, crowdfunding requires many of the same types of preparation as traditional fundraising campaigns like capital and endowment campaigns. Crowdfunding should not necessarily be view as an “easy” way to replace major gift campaigns. When done well, neither type of campaign is necessarily easy. In addition, both methods can exist comfortably side-by-side in the context of the same major gift effort.

  • See the brief video below for excellent crowdfunding tips courtesy of Qgiv.

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