Sponsored By

More Nonprofits Are Accepting Digital AssetsMore Nonprofits Are Accepting Digital Assets

Despite crypto-winter, crypto giving trends may recover.

Sandra G Swirski, Founder

May 12, 2023

1 Min Read
crypto currencies phone
Marc Bruxelle/iStock/Getty Images Plus

On March 30, The Giving Block, an intermediary organization that helps nonprofits accept gifts of crypto assets, released its annual report on crypto philanthropy, which shares data and trends in digital asset gifts to charities.

The report indicates a decrease in donations made through the platform, totaling about $50 million compared to the $70 million processed in 2021. This trend is consistent with reports from other organizations that facilitate crypto donations and wasn’t unexpected, given the poor performance of digital asset markets in 2022.

Despite this malaise, The Giving Block notes that more nonprofits are using their platforms to accept crypto donations than in any other year, and the average size of gifts remains high. This momentum suggests that crypto-giving trends may recover if digital asset markets improve.

Digital asset donations will likely continue to fluctuate if market volatility and crypto’s user base ebbs and flows as we’ve seen over the past few years. However, if policymakers craft thoughtful consumer protections that increase trust in crypto markets–which is proving to be a bigger lift than many had hoped–more investors may trade in digital assets, possibly increasing their market value. And nonprofits already engaging with crypto donors will be the first in the charitable sector to benefit if crypto’s user base grows sharply. 

Related:Advisors Expect More Crypto Failures in 2023

 

About the Author

Sandra G Swirski

Founder, Integer, LLC

Trusted executive, thought leader, and expert. I sit at the intersection of policy and philanthropy, and leverage my savvy, coalition building expertise, and deep industry knowledge to build solutions and progress for those I work with. I am also the founder of Integer, a women-owned government relations firm.

I have demonstrated expertise in collaborating with both major political parties to accomplish client goals.  My expertise comes from years on Capitol Hill working for seasoned Members of Congress and leading government relations teams for companies and clients in the private sector. 

I serve as a Board Member of Exponent Philanthropy, Member of the Philanthropy Editorial Board of Trusts and Estates as well as an Advisory Council Member of Engage, a bipartisan women's organization that promotes economic security for all American women. I am also a frequent speaker and author, providing insightful analysis of breaking financial issues and policy trends to watch for in Washington. I often publish with CEOWorld magazine on these insightful topics to provide my expertise to the public.

You May Also Like