The Giving Block Review: Bitcoin Donations for Non Profits

Description

The Giving Block is a donation platform that empowers non-profit organizations to accept and manage donations in Bitcoin. It provides a user-friendly interface for both nonprofits and donors to facilitate a smooth and transparent donation process. This helps nonprofits connect with a wider range of donors using Bitcoin donations. The bitcoin donation platform is used by a wide range of non-profit organizations, including 501(c)3s, charities, universities, and faith-based organizations.

Bitcoin adoption has surged over the past decade, with Millennials at the forefront of global bitcoin usage. Bitcoin donations have emerged as a popular means for younger donors to support causes they care about. The Giving Block offers more than just donation processing. They provide non-profits with the tools to raise more money. This includes accepting non-cash gifts, like stocks, and customizing donation pages. They also provide real-time tracking of donations.

How the Giving Block Works

Non-profit organizations can join The Giving Block by creating an account and set up their donation page, where they can share their mission and showcase the transformative impact of their work. The platform offers a user-friendly widget that can be integrated into the nonprofit’s website or social media platforms. To get started, you need to request for a free demo by providing basic information about yourself and your organization.

Bitcoin donors represent a more diverse and complex demographic than previously understood. For this reason, the platform offers free reports to help non-profits learn about the motivations and behaviors of bitcoin donors, enabling charitable organizations of all sizes to enhance their bitcoin fundraising efforts.

For donors seeking to make a meaningful difference, The Giving Block presents a curated selection of non-profit organizations aligned with diverse causes, empowering them to support initiatives that resonate with their passions. With a few simple clicks, donors can select their preferred non-profit, choose their desired cryptocurrency, and initiate a donation.

Donating Bitcoin, stock, or other non-cash assets can significantly enhance your tax savings. The Internal Revenue Service classifies these assets as property, exempting them from capital gains tax when donated to a registered charity. Capital gains tax can reach up to 20%, so this exemption can lead to substantial savings. In some cases, charitable deductions can be applied to your tax returns, further amplifying your tax benefits.

The Giving Block Pricing

The Giving Block fees are deducted from the donation amount before it is sent to the nonprofit. The good news is that there are no hidden fees, and The Giving Block’s fees are competitive with other bitcoin donation platforms. This means that nonprofits can keep more of the money they raise through bitcoin donations.

There is no fee for setting up an account with The Giving Block. Nonprofits can also sign up for a free trial to see if The Giving Block is a good fit for their organization.

The platform charges a tiered fee for cryptocurrency donations. For donations under $1,000, there is a 3.5% fee. Imagine you receive a donation of $500. A 3.5% fee on $500 translates to $17.50. For donations between $1,000 and $10,000, there is a 3% fee. Let’s say you receive a donation of $5,000, the fee would be $150.00. For donations over $10,000, there is a 2.5% fee. If you receive a generous donation of $20,000, the fee would be $500.00. This means that the more you receive, the lower the fee you will pay.

The Giving Block also offers a number of discounts and incentives to non-profits. For example, non-profits that raise more than $10,000 in a year can receive a discount on their fees. Additionally, The Giving Block offers a number of free resources to help non-profits get started with cryptocurrency donations.

The Giving Block Alternatives

There are a number of alternatives to The Giving Block that may be a better fit for some non-profits. Here are some of the best alternatives:

• Bitpay
• Every.org
• Engiven
• Pledge Crypto
• Donorbox

Accepting Bitcoin Donations

The Giving Block has emerged as a powerful platform for non-profit organizations to embrace Bitcoin and unlock new avenues of fundraising. By simplifying the process of accepting and managing Bitcoin donations, The Giving Block empowers non-profits to connect with a wider donor base, including tech-savvy individuals and those seeking alternative donation methods.

Through its user-friendly interface and comprehensive features, The Giving Block simplifies the complexities of Bitcoin transactions, allowing non-profits to focus on their core mission and maximize the impact of their fundraising efforts. Whether you’re a seasoned non-profit leader or just starting your journey into the world of crypto philanthropy, The Giving Block offers a valuable solution to expand your reach and make a difference.

However, it’s essential to note that the platform requires exclusive contracts with its non-profit partners. This means that organizations cannot promote or utilize other Bitcoin donation services alongside The Giving Block.