INFOGRAPHIC: Ten reasons nonprofits should embrace crypto philanthropy
1. It’s an opportunity to connect with new donors demographics
At a time when nonprofits are struggling to onboard new donors, crypto philanthropy presents an exciting opportunity to connect with a new donor base that is distinct from traditional donor populations.
2. It can lead to new partnerships
The Web3 ecosystem is full of builders, collectives, and projects aimed at creating a better world. By engaging with Web3, nonprofits can form exciting partnerships with these projects, opening the door to all sorts of future collaborations and fundraising opportunities.
3. Crypto donors are very generous
Crypto donors are known for being very generous, especially during crypto bull markets! In fact, on Giving Tuesday in 2021, the average crypto donation made via The Giving Block was $12,600!
4. Crypto giving can be more cost effective
Traditional giving methods can come with hefty transaction fees, including payment processing fees, credit card fees, and platform costs. While there are stills costs associated with crypto giving, crypto transactions can be much more cost-effective, ensuring more goes directly to the cause, and less to intermediaries.
5. It can help expand your reach globally
The Web3 ecosystem is truly global and presents an opportunity like no other to bring your message to a diverse audience. Given crypto’s borderless nature, it is easy for crypto donors to give to nonprofits from anywhere in the world, amplifying your nonprofits potential impact and reach.
6. It’s a great way to learn about the Web3 ecosystem
One of the biggest barriers for nonprofits engaging in Web3 is not knowing where to start. Crypto philanthropy presents a relatively easy, low risk entry point for your nonprofit to begin experimenting and learning.
7. It shows that you value innovation
By engaging with crypto giving, it demonstrates to the community that you are forward-thinking and believe in the importance of transparency, one of the pillars of Web3.
8. It’s a foot in the door to Web3
By engaging with Web3 via crypto philanthropy, it can open your mind to new technologies and applications that have the opportunity to revolutionize the way your organization delivers on its mission.
9. It’s easier than ever to accept crypto donations
Over the past few years, several crypto philanthropy platforms have emerged, making it easier than ever to integrate crypto donations. These platforms make it easy to set up a wallet, start receiving donations, and convert your crypto donations to fiat.
10. It can help future proof your organization
As digital currencies become more mainstream, crypto philanthropy will likely play an indispensable role in charitable giving. By engaging now, nonprofits are setting themselves up for success in this inevitable future. It’s better for nonprofits to be early adopters, and experience all the benefits that come with that, rather than scrambling to play catch up later.
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