In response to donor requests, the Greater Cedar Rapids Community Foundation is now accepting gifts of cryptocurrency. There are many different types of cryptocurrency, but each is a digital asset made for exchange across computer networks.
In recent years, cryptocurrency—or crypto—has grown in popularity with both investors and philanthropists. The Giving Block, which helps nonprofits fundraise through digital assets, processed $5 million in contributions in 2020, compared to $100 million in 2021.
“Cryptocurrency remains a developing industry, but its growth cannot be ignored,” said Michelle Beisker, Senior Vice President of Development at the Community Foundation. “Many foundations are beginning to accept these assets, and gifts of crypto have become popular with donors. We accept a wide range of gifts to make it easy for donors to strengthen our community, and adding crypto to that list will help ensure we are prepared for Linn County’s future.”
To learn how you can make gifts of crypto—or any other asset—to the Community Foundation, contact us at 319-366-2862 or firstname.lastname@example.org.