Blackbaud Enables Cryptocurrency Donations for US Nonprofits Through Its JustGiving Platform
Blackbaud, a provider of software for powering social impact, announced that it is enabling cryptocurrency donations to U.S. nonprofits through its JustGiving platform for peer-to-peer fundraising.
Cryptocurrency donations are already seamlessly integrated into all JustGiving fundraising pages in the U.K., and this feature is now extended to U.S. fundraising pages that are DAF-enabled to receive funds through The Blackbaud Giving Fund. This will allow hundreds of thousands of U.S. charities to receive cryptocurrency as a giving method alongside more traditional methods.
“In recent years, there has been a surge in the use of cryptocurrencies, and we’re continuing to innovate for our nonprofit customers to make sure they have access to the latest in payments technology and accelerated giving,” said Jerry Needel, chief of product innovation, Blackbaud. “By making cryptocurrency donation seamless, we’re enabling a way for cryptocurrency users to make tax-free donations and also opening up more donation opportunities for nonprofits looking to raise funds for their important causes.”
To facilitate this new donation method, Blackbaud has partnered with The Giving Block, a leading solution for cryptocurrency donations. “580 million people now use cryptocurrency around the world, and the market is worth over $3 trillion,” said Alex Wilson, co-founder of The Giving Block. “Charities need to tap into this new donor demographic. Our goal is to make accepting cryptocurrency donations just as easy as taking any other online donations, and that’s exactly what this partnership is doing.”
In 2024 alone, it is estimated that over $1 billion in cryptocurrency was donated to nonprofits. Cryptocurrencies’ tax advantages—such as capital gains tax relief—provide donors with a compelling reason to contribute, making it essential for charities to enable this form of giving.
Donors can now give in over 60 different forms of cryptocurrency when making a donation to a U.S. or U.K. charity on the JustGiving platform. This includes all major cryptocurrency coins such as Bitcoin, Ethereum and Tether, as well as some of the most popular memecoins including Doge, Dogelon and Shiba. Cryptocurrency funds raised will be automatically and instantly converted to U.S. dollars before they are distributed, eliminating the need for the charity to worry about price volatility. DAF-enabled charities on the platform will receive the funds through The Blackbaud Giving Fund.
“We are very excited to be able to receive donations in cryptocurrency, which is an advantageous funding source for nonprofits,” said Matt Nash, executive director, The Blackbaud Giving Fund. “Donors can receive tax benefits from donating an appreciated asset, while nonprofits, with the instant conversion to cash, can receive funds that can be used to support anything from daily operating expenses to long term investment. We’re thrilled that this partnership between Blackbaud, The Blackbaud Giving Fund and The Giving Block is creating a seamless cryptocurrency donation experience.”
JustGiving has enabled over $9 billion to be raised for thousands of charities and good causes since it launched in 2000. Facilitating cryptocurrency donations is the latest innovation for JustGiving, following a move to integrate AI into the fundraising page creation process last year, which enables fundraisers to use the technology to help write their fundraising stories and appeals.
The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within do not directly reflect the thoughts or opinions of the staff of NonProfit PRO.
