On GoFundMe and Crypto: A Match That's Shaking Up Charity

Dear Valued Readers,

Many of you are active, philanthropic, and digitally enlightened individuals always on the lookout for more efficient and meaningful ways to directly lend your support to the causes that resonate with you. With that in mind, let’s discuss the ability to donate cryptocurrency to GoFundMe campaigns.

More Ways to Give

GoFundMe.org has aided a multitude of initiatives. You might not have known, however, that they've expanded their repertoire of donation methods to embrace assets such as stocks, real estate, and, quite significantly, various forms of cryptocurrency.

To make a donation with cryptocurrency, or explore other unconventional methods like contributions from donor-advised funds (DAFs) or private foundations, you're encouraged to visit the specialized off-platform donation page, GoFundMe.org.

If you feel uncertain about anything, GoFundMe.org invites direct communication through accounting@gofundme.org. Their team is prepared to guide you in channeling your charitable gestures into impactful actions.

You’ll be pleased to know that GoFundMe.org accepts all the major cryptocurrencies. Aside from Bitcoin and Ethereum, there is an array of other cryptocurrencies to choose from (e.g. Dogecoin, Litecoin, Cardano, or Polkadot).

The Caveats

Note that when you choose to donate your cryptocurrency, it must be to campaigns where GoFundMe.org is acting as the beneficiary or organizer so that your contributions are funneled to extensive, vetted causes and are eligible for tax deductions as allowed by law.

If GoFundMe.org sounds fishy, let me assure you that donations go to a central fund that supports individuals and nonprofits connected with a specific cause, providing donors with confidence and simplicity in their charitable giving.

The relationship between GoFundMe.org and the GoFundMe platform is one of partnership and resource-sharing, although GoFundMe.org operates independently with its board. This partnership allows for efficient fund distribution to various needs, with GoFundMe.org ensuring funds reach verified individuals and nonprofits in good standing and aligned with each Cause's mission.

Causes are chosen based on clear, ongoing needs and the ability to grant meaningful aid to those affected. Some current Causes include efforts for basic essentials, education opportunities, global food shortages, disaster relief, and support for communities such as the AAPI and Ukrainian people.

To decide who receives grants, GoFundMe.org uses a meticulous vetting process, checking alignment with the Cause's mission, the recipient's charitable status, and the organization's standing and efficiency. This ensures that donations made to these Causes are effectively used for the intended charitable purposes.

Find the full list of causes here.

How to Donate

GoFundMe.org's process is designed to be as straightforward as possible. There's a form on their website where you'd enter some basic personal information, select from a list of funds that are actively accepting donations, and then choose the type of cryptocurrency you’d like to use for your contribution. If your preferred cryptocurrency isn’t listed, GoFundMe.org encourages potential donors to get in touch with them directly via email at accounting@gofundme.org for further assistance.

For those of you looking to make a difference, this could be an excellent opportunity to marry investment with generosity. As always, I'm here to keep you updated on how technology opens new pathways for positive impact.