Crypto Donations

Src: https://thegivingblock.com/resources/crypto-philanthropy-key-data-and-statistics-2021/, thegivingblock.com/annual-report/ar21/

• Crypto is the fastest growing donation method in the world

• Average crypto donation is much larger than average online fiat donation

• Ethereum flipped Bitcoin as the most donated crypto

• 46% of donors struggled to find a suitable non-profit that would take their crypto

Non-Profits

• 142k non-profits in Czech Republic (https://takovijsme.cz/, https://mapaneziskovek.cz/english/)
• Not all of them are ‘charitable’ - there are many sport clubs, religious ones etc.
• Many of them fund their activities from grants, rather than direct donations
• Crypto donations can help charities to reach a global audience: By accepting cryptocurrency donations, charities can appeal to a wider audience of donors who may not have access to traditional payment methods.
• Crypto donations can be easily tracked: Many blockchain-based cryptocurrencies offer a public ledger that allows for transparent and traceable transactions. This can help charities demonstrate the impact of their work and build trust with donors.

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https://www.vlada.cz/assets/ppov/rnno/dokumenty/studie_prouzova_data_a_fakta_o_neziskovem_sektoru_1.pdf

• Biggest Czech donation platform Darujme.cz has 1300 charitable non-profits on it
• In the Czech Republic, donations of cryptocurrency are generally subject to the same tax treatment as donations of other types of property. If a nonprofit makes a donation of cryptocurrency to a registered charity, it may be entitled to claim a tax deduction for the value of the donation on their tax return.