Bitcoin and other cryptocurrencies have been experiencing a new wave of popularity in the past year, with more and more people investing in crypto than ever before.
By the same token, Bitcoin donations have also been experiencing a sharp rise in popularity. Generous donors who wish to support a charity of their choice are now able to donate Bitcoin or make a Bitcoin gift to a growing number of organizations, with considerable benefits for both parties.
But how can you start the process of donating to nonprofits using cryptocurrency, and what charitable organizations have already embraced this change? Who accepts Bitcoin donations in 2022?
In this brief guide, we’ll walk you through all you need to know about charities that accept Bitcoin, so you can start supporting the causes you care about the most, in the way that suits you best!
Can Nonprofits Accept Bitcoin?
Bitcoin and other cryptocurrency donations have long been embraced by different international charities, as they make for one of the most tax-efficient ways of donating to nonprofits.
As a result, many charities don’t only accept Bitcoin but also outright prefer this method. It’s seen as the best, most cost-efficient way for making the most out of a donors’ support.
When donating Bitcoin or other cryptos, in fact, donors can benefit from considerable tax write-offs: This type of donation is classified as property, meaning that it won’t be subject to capital gains tax and is also tax-deductible. On top of that, Bitcoin donations are also incredibly cost-efficient when it comes to making international transactions, as it eliminates all the costly bank fees associated with international giving.
Still, even though accepting Bitcoin comes with a whole lot of benefits for both charity and donor, you should keep in mind that not all nonprofits have embraced blockchain technology and crypto donations.
So, if you’re not sure if your charity of choice can accept your favorite cryptocurrency, keep reading to find out which ones do!
5 Charities That Accept Bitcoin
So, who accepts Bitcoin?
From national animal rescue charities to international human rights NGOs, there are many different types of organizations that accept Bitcoin, proceeds from NFTs, and other cryptocurrency donations.
Here are some of our favorites:
Food for Life Global
We couldn’t start this list without talking about our international hunger relief organization, Food for Life Global. We were one of the very first charities to accept cryptocurrency donations.
Food for Life Global’s mission is quite simple: to bring about peace and prosperity in the world through the liberal distribution of pure plant-based meals prepared with loving intention.
Through these efforts, we aim to eradicate food insecurity and child hunger all over the world in the most sustainable and cost-efficient way possible. Our incredible volunteers work hard to serve nutritious and environmentally sustainable, plant-based meals to those living in the regions where emergency food relief is needed the most. We’ve been doing so for over 25 years.
Head over to our cryptocurrency donation page or check the bottom of this article to donate to our cause. Along with Bitcoin, we accept other popular cryptocurrencies like Ethereum, LiteCoin, Doge, Polygon, ChainLink, Gemini Dollar, and Basic Attention Token and many others!
The Water Project
The Water Project is an inspiring nonprofit operating in the poverty-stricken villages of Sub-Saharan Africa. They provide much-needed clean water and sanitation among communities that lack access to both.
By tackling the growing water and hygiene crisis in the region, The Water Project has been making a tangible difference in the lives of countless African communities for over ten years.
This water relief charity accepts Bitcoin donations as well as Ethereum and other cryptocurrencies, on top of welcoming gifts in stocks, securities, and planned giving options.
Liberty In North Korea
Liberty In North Korea, also known as LiNK, is a human rights nonprofit working to: raise awareness of North Korea’s human rights abuses, rescue defectors within the country, and support North Korean refugees living abroad.
Based in both Long Beach, CA, and Seoul, South Korea, Liberty In North Korea is the most well-known charity supporting North Korean defectors looking to escape the totalitarian country. Using the support from their donors they organize rescue trips as well as resettlement projects to help refugees start their new lives.
The charity accepts all the major cryptocurrencies, including ChainLink, LiteCoin, and Basic Attention Token.
The Leukemia and Lymphoma Society
The Leukemia and Lymphoma Society is a leading organization in the fight against cancer, working to fund blood cancer research around the world. They focus on life-threatening illnesses like leukemia, myeloma, Hodgkin’s disease, and lymphoma.
On top of funding this lifesaving research, this inspiring charity also works to provide free information and support services to families affected by these diseases, advocating for more affordable care options.
You can donate to this charity with a Bitcoin contribution, as well as with any other major cryptocurrency.
Wright-Way Rescue has long been a pioneer in the field of animal welfare and animal rescue. They work to tackle the issue of pet overpopulation by rescuing dogs and cats without a home in the poorest rural areas of the United States.
This animal welfare charity is committed to saving the lives of countless pets at risk of euthanasia and abandonment by finding them a new forever home. They do this by collaborating with hundreds of rescue partners throughout the Midwest, South, and Southeast.
Wright-Way also accepts all major cryptocurrencies, including Bitcoin, Ethereum, and Gemini Dollar.
How Can You Donate Bitcoins to Charity?
Now that you know who accepts Bitcoin, let’s quickly go through how you can make your donation easily and efficiently.
Most charities, including ours, will have a specific page on which you can donate Bitcoin or other cryptocurrencies, where you can share your virtual wallet and choose the number of tokens to donate. These pages might also display an automatic converter showing you how much you’re donating in your national currency, so you can easily keep track of your contributions.
Once the transaction has been completed and accepted, you will receive a receipt to keep for tax purposes, just like you would with a regular transaction. You can learn more about how the process works and what tax considerations you need to keep in mind before donating here.
Food for Life Global is dedicated to providing nutritious, sustainable vegan meals to children in need, and with over 7 billion meals served to date, all over the world. We continue working tirelessly to make child hunger a tragedy of the past.
As one of the very few food relief charities accepting Bitcoin donations, we firmly believe in the power of crypto for making a considerable positive impact on our cause.
Whether you’re considering donating in memory of a loved one, becoming a monthly member, or interested in making a more substantial contribution with planned giving, Food for Life Global is always open to making your contribution as easy and hassle-free as it can be. Get in touch today to learn more!