Crypto Donations
Src: https://thegivingblock.com/resources/crypto-philanthropy-key-data-and-statistics-2021/, thegivingblock.com/annual-report/ar21/
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Crypto is the fastest growing donation method in the world
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Average crypto donation is much larger than average online fiat donation
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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.