Hundreds of Thousands of U.S. Charities Can
Now Receive Cryptocurrency Donations through
JustGiving
CHARLESTON, S.C., Feb. 12,
2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the
leading provider of software for powering social impact, today
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.
Nonprofits looking to set up fundraising campaigns on JustGiving
can find more information here. Individuals looking to support
charities can search for causes, donate or set up fundraising pages
here.
About JustGiving
JustGiving is the world's most
trusted platform for online giving. We help people raise money for
the charities and people they care about the most. In
2000, JustGiving.com began with one simple goal – to
enable charities to receive donations online from anywhere in the
world. Fast forward 23 years and over $9
billion has been raised for good causes in almost every
single country in the world. JustGiving became part of
Blackbaud in 2017.
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the
leading software provider exclusively dedicated to powering social
impact. Serving the nonprofit and education sectors, companies
committed to social responsibility and individual change makers,
Blackbaud's essential software is built to accelerate impact in
fundraising, nonprofit financial management, digital giving,
grantmaking, corporate social responsibility and education
management. With millions of users and over $100 billion raised, granted or managed through
Blackbaud platforms every year, Blackbaud's solutions are
unleashing the potential of the people and organizations who change
the world. Blackbaud has been named to Newsweek's list of America's
Most Responsible Companies, Quartz's list of Best Companies for
Remote Workers, and Forbes' list of America's Best Employers. A
remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa
Rica, India and the
United Kingdom, supporting users
in 100+ countries. Learn more at www.blackbaud.com or follow
us on X/Twitter, LinkedIn, Instagram and Facebook.
Media Inquiries
media@blackbaud.com
Forward-looking Statements
Except for historical
information, all of the statements, expectations and assumptions
contained in this news release are forward-looking statements that
involve a number of risks and uncertainties, including statements
regarding expected benefits of products and product features.
Although Blackbaud attempts to be accurate in making these
forward-looking statements, it is possible that future
circumstances might differ from the assumptions on which such
statements are based. In addition, other important factors that
could cause results to differ materially include the following:
general economic risks; uncertainty regarding increased business
and renewals from existing customers; continued success in sales
growth; management of integration of acquired companies and other
risks associated with acquisitions; risks associated with
successful implementation of multiple integrated software products;
the ability to attract and retain key personnel; risks associated
with management of growth; lengthy sales and implementation cycles;
technological changes that make our products and services less
competitive; and the other risk factors set forth from time to time
in the SEC filings for Blackbaud, copies of which are available
free of charge at the SEC's website at www.sec.gov or upon request
from Blackbaud's investor relations department. All Blackbaud
product names appearing herein are trademarks or registered
trademarks of Blackbaud, Inc.
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SOURCE Blackbaud
