The best season for giving: The bag season, One Million in match donations

Last updated on October 31, 2022
Lanya SalvailLanya Michèle

The most wonderful time of year to give is now! The time of year when cryptocurrency investors “bail in” and give to charities is known as the “bag season”. Bag Season begins on November 29 with Crypto Giving Tuesday and continues to build through via NFTuesday on December 6 and until the end of the year. To assist us in raising cryptocurrency donations, The Giving Block will collaborate with Food for Life International.

What is bag season

In order to unite the cryptocurrency community during the holiday giving season, the giving block launched “Bag Season” in 2019. Four years ago, a little campaign was launched, but it has now evolved into the hub of The Giving Block’s enormously popular Crypto Philanthropy movement, enlisting the support of online influencers like FTX and Barstool as well as celebrities like Tony Hawk.

The Giving Block receives the largest influx of cryptocurrency donations during Bag Season each year as a result of collaborations, fundraisers, and synergies with other cryptocurrency platforms.around

The Giving Block network has received over $100 million in cryptocurrency donations, and the impact is felt all over the world. For our biggest “Bag Season” campaign ever, they have put together the greatest coalition of pro-crypto NGOs in history, offering millions of dollars to match the generosity of the donors, thanks to the support of top payments provider Shift4.

They kick things off with a $1 million cryptocurrency flash match that went online last Wednesday October 26, 2022  Through the giving block platform, cryptocurrency users from all across the world may help Food for Life Global and have your generosity matched.

Why crypto donations are the best way to give

Donating crypto is a very tax-friendly way to give charitably. Crypto is considered a property by the IRS for tax purposes, meaning that crypto donations are treated similar to stock donations.  Donations made using cryptocurrencies are immediate, transparent, secure, and have tax advantages.

So, when is the ideal time to give? The best time to give is upon us! In this year let’s double our effort to help those people in need. 

With Food for Life Global, our primary mission goal is to “create peace and prosperity in the world through the liberal distribution of pure plant-based meals prepared with loving intention.”

We have stayed true to our mission and, along with our affiliates, we have distributed more than 8 billion meals to date — more meals than any other food relief agency in the world. Join this campaign and donate crypto today. 

So, if you want to change the world this holiday season, think about making a cryptocurrency donation. The best time of year to give is now!

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