Difference between revisions of "Timeline of cryptocurrency and philanthropy"

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* What are some enterprises aimed at receiving cryptocurrency donations for philanthropic causes?
 
* What are some enterprises aimed at receiving cryptocurrency donations for philanthropic causes?
 
** Sort the full timeline by "Event type" and look for the group of rows with value "Campaign launch" (for campaigns), "Platform launch" (for online platforms), and "Program launch".
 
** Sort the full timeline by "Event type" and look for the group of rows with value "Campaign launch" (for campaigns), "Platform launch" (for online platforms), and "Program launch".
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* Other events are described under the following types: "Partnership", "Publication", "Recommendation", "Regulation", "Security", "Tool launch", and "Trend growth".
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* Other events are described under the following types: "Funding", "Partnership", "Publication", "Recommendation", "Regulation", "Security", "Tool launch", and "Trend growth".
  
 
==Big picture==
 
==Big picture==
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| 2016 || Formalization || Organizations trying to do charity work and delivering aid through the form of Bitcoin begin to emerge, along with organizations that do impact investing based on blockchain technology.<ref>{{cite web |title=Blockchain for Philanthropy – Master of Development Practice |url=https://mdp.berkeley.edu/blockchain-for-philanthropy/ |website=mdp.berkeley.edu |access-date=14 December 2021}}</ref>  
 
| 2016 || Formalization || Organizations trying to do charity work and delivering aid through the form of Bitcoin begin to emerge, along with organizations that do impact investing based on blockchain technology.<ref>{{cite web |title=Blockchain for Philanthropy – Master of Development Practice |url=https://mdp.berkeley.edu/blockchain-for-philanthropy/ |website=mdp.berkeley.edu |access-date=14 December 2021}}</ref>  
 
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| 2017 || Take off || Cryptocurrency donations accelerate in 2017 after Bitcoin hits US$20,000 for the first time. Over US$100 million in crypto is donated to the few organizations who are ready to accept Bitcoin. Since then, cryptocurrency donations would increase with estimates of $200-$300 million per year being donated in crypto.<ref>{{cite web |title=Is your nonprofit missing out on a huge crypto-tunity? |url=https://www.helenbrowngroup.com/is-your-nonprofit-missing-out-on-a-huge-crypto-tunity/ |website=Helen Brown Group |access-date=16 January 2022 |date=13 May 2021}}</ref> In 2018, whereas foundations crypto assets plung, donations keep rising in the year.<ref>{{cite web |last1=Pender |first1=Kathleen |title=Silicon Valley foundation's crypto assets plunged, but donations rose in 2018 |url=https://www.sfchronicle.com/business/networth/article/Silicon-Valley-foundation-s-crypto-assets-14029709.php |website=San Francisco Chronicle |access-date=14 February 2021 |date=22 June 2019}}</ref> In 2020, the {{w|COVID-19 pandemic}} prompts even more nonprofit organizations to accept cryptocurrency donations.<ref>{{cite web |title=COVID-19 has spurred more nonprofit organizations to accept crypto |url=https://cointelegraph.com/news/covid-19-has-spurred-more-nonprofit-organizations-to-accept-crypto |website=Cointelegraph |access-date=12 February 2021 |language=en}}</ref> "Charitable Organisations Increasingly Receiving Donations in Cryptocurrency"<ref>{{cite web |title=Charitable Organisations Increasingly Receiving Donations in Cryptocurrency |url=https://www.newsbtc.com/news/bitcoin/charitable-organisations-increasingly-receiving-donations-in-cryptocurrency/ |website=NewsBTC |access-date=16 December 2021 |date=4 October 2018}}</ref>
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| 2017 onwards || Take off || Cryptocurrency donations accelerate in 2017 after Bitcoin hits US$20,000 for the first time. Over US$100 million in crypto is donated to the few organizations who are ready to accept Bitcoin. Since then, cryptocurrency donations would increase with estimates of $200-$300 million per year being donated in crypto.<ref>{{cite web |title=Is your nonprofit missing out on a huge crypto-tunity? |url=https://www.helenbrowngroup.com/is-your-nonprofit-missing-out-on-a-huge-crypto-tunity/ |website=Helen Brown Group |access-date=16 January 2022 |date=13 May 2021}}</ref> In 2018, whereas foundations crypto assets plung, donations keep rising in the year.<ref>{{cite web |last1=Pender |first1=Kathleen |title=Silicon Valley foundation's crypto assets plunged, but donations rose in 2018 |url=https://www.sfchronicle.com/business/networth/article/Silicon-Valley-foundation-s-crypto-assets-14029709.php |website=San Francisco Chronicle |access-date=14 February 2021 |date=22 June 2019}}</ref>  
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| 2020 onwards || {{w|COVID-19 pandemic}} || The pandemic prompts even more nonprofit organizations to accept cryptocurrency donations.<ref>{{cite web |title=COVID-19 has spurred more nonprofit organizations to accept crypto |url=https://cointelegraph.com/news/covid-19-has-spurred-more-nonprofit-organizations-to-accept-crypto |website=Cointelegraph |access-date=12 February 2021 |language=en}}</ref> In the United States, the booming cryptocurrency donations to charities are benefited by not being recognized as taxable events.<ref>{{cite web |title=Tax Benefits of Cryptocurrency Donations {{!}} Insider Guide |url=https://www.classy.org/blog/crypto-donation-tax-benefits/#:~:text=Donating%20crypto%20directly%20to%20a,gains%20tax%20when%20you%20file.&text=If%20you%20donate%20a%20long,the%20time%20of%20your%20contribution. |website=Classy |access-date=30 January 2022 |date=27 October 2021}}</ref><ref>{{cite web |title=Charitable Organisations Increasingly Receiving Donations in Cryptocurrency |url=https://www.newsbtc.com/news/bitcoin/charitable-organisations-increasingly-receiving-donations-in-cryptocurrency/ |website=NewsBTC |access-date=16 December 2021 |date=4 October 2018}}</ref>
 
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| 2016 || December 8 || || || Tool launch || Nonprofit organization BitGive launches GiveTrack, a blockchain-based multidimensional donation platform that provides the ability to transfer, track and provides a permanent record of the end-to-end route of global transactions.<ref>{{cite web |last1=Shin |first1=Laura |title=Want To Follow Your Donation In Real Time? Bitcoin Non-Profit BitGive Launches Donation Tracker |url=https://www.forbes.com/sites/laurashin/2016/12/08/want-to-follow-your-donation-in-real-time-bitcoin-non-profit-bitgive-launches-donation-tracker/?sh=3c2e2b77774a |website=Forbes |access-date=5 January 2022 |language=en}}</ref><ref>{{cite web |last1=Campbell |first1=Rebecca |title=BitGive Launches GiveTrack, a Real-Time Donation Tracking System |url=https://bitcoinmagazine.com/culture/bitgive-launches-givetrack-a-real-time-donation-tracking-system-1482179875 |website=Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides |access-date=6 January 2022 |language=en}}</ref><ref>{{cite web |title=Bitcoin Nonprofit BitGive Launches Donation Tracking Platform {{!}} Finance Magnates |url=https://www.financemagnates.com/cryptocurrency/innovation/bitcoin-nonprofit-bitgive-launches-donation-tracking-platform/ |website=Financial and Business News {{!}} Finance Magnates |access-date=6 January 2022 |language=en |date=9 December 2016}}</ref>
 
| 2016 || December 8 || || || Tool launch || Nonprofit organization BitGive launches GiveTrack, a blockchain-based multidimensional donation platform that provides the ability to transfer, track and provides a permanent record of the end-to-end route of global transactions.<ref>{{cite web |last1=Shin |first1=Laura |title=Want To Follow Your Donation In Real Time? Bitcoin Non-Profit BitGive Launches Donation Tracker |url=https://www.forbes.com/sites/laurashin/2016/12/08/want-to-follow-your-donation-in-real-time-bitcoin-non-profit-bitgive-launches-donation-tracker/?sh=3c2e2b77774a |website=Forbes |access-date=5 January 2022 |language=en}}</ref><ref>{{cite web |last1=Campbell |first1=Rebecca |title=BitGive Launches GiveTrack, a Real-Time Donation Tracking System |url=https://bitcoinmagazine.com/culture/bitgive-launches-givetrack-a-real-time-donation-tracking-system-1482179875 |website=Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides |access-date=6 January 2022 |language=en}}</ref><ref>{{cite web |title=Bitcoin Nonprofit BitGive Launches Donation Tracking Platform {{!}} Finance Magnates |url=https://www.financemagnates.com/cryptocurrency/innovation/bitcoin-nonprofit-bitgive-launches-donation-tracking-platform/ |website=Financial and Business News {{!}} Finance Magnates |access-date=6 January 2022 |language=en |date=9 December 2016}}</ref>
 
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| 2017 || May 30 || Ethereum || Research ({{w|artificial intelligence}}) || Donation || {{w|Machine Intelligence Research Institute}} receives a US$1.01 million anonymous donation from an Ethereum cryptocurrency investor.<ref>{{cite web |title=Our all-time largest donation, and major crypto support from Vitalik Buterin |url=https://intelligence.org/2021/05/13/two-major-donations/ |website=Machine Intelligence Research Institute |access-date=14 December 2021 |date=14 May 2021}}</ref>   
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| 2017 || May 30 || Ethereum || Research ({{w|artificial intelligence}}) || Donation || {{w|Machine Intelligence Research Institute}} receives a US$1.01 million anonymous donation from an Ethereum cryptocurrency investor.<ref name="vxxz">{{cite web |title=Our all-time largest donation, and major crypto support from Vitalik Buterin |url=https://intelligence.org/2021/05/13/two-major-donations/ |website=Machine Intelligence Research Institute |access-date=14 December 2021 |date=14 May 2021}}</ref>   
 
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| 2017 || December || Bitcoin || Education || Donation || Global cryptocurrency trading platform Paxful inaugurates its first school built with Bitcoin, under the initiative #builtwithbitcoin, in {{w|Bugesera District}}, {{w|Rwanda}}.<ref>{{cite web |title=School Funded with Bitcoin is Now Up & Running {{!}} Paxful Blog |url=https://paxful.com/blog/first-school-built-bitcoin-ready/ |website=Paxful Blog {{!}} Crypto Guides & Product Updates |access-date=2 December 2021 |language=en |date=7 December 2017}}</ref>
 
| 2017 || December || Bitcoin || Education || Donation || Global cryptocurrency trading platform Paxful inaugurates its first school built with Bitcoin, under the initiative #builtwithbitcoin, in {{w|Bugesera District}}, {{w|Rwanda}}.<ref>{{cite web |title=School Funded with Bitcoin is Now Up & Running {{!}} Paxful Blog |url=https://paxful.com/blog/first-school-built-bitcoin-ready/ |website=Paxful Blog {{!}} Crypto Guides & Product Updates |access-date=2 December 2021 |language=en |date=7 December 2017}}</ref>
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| 2017 || December || Bitcoin || Sport || Campaign launch || The USA Luge Foundation launches a Bitcoin fundraising campaign, allowing holders the possibility to donate through the campaign page. It is the first US Olympic team to set up an account within their endowment to buy and hold Bitcoin.<ref>{{cite web |last1=Kooser |first1=Amanda |title=US Olympics luge team embraces bitcoin donations |url=https://www.cnet.com/news/winter-olympics-usa-luge-team-takes-bitcoin-donations/ |website=CNET |access-date=29 December 2021 |language=en}}</ref><ref>{{cite web |last1=Foundation |first1=USA Luge |title=USA Luge Team Running on Bitcoin |url=https://medium.com/@usalugefoundation/usa-luge-team-running-on-bitcoin-80a8b1d8bddb |website=Medium |access-date=29 December 2021 |language=en |date=21 December 2017}}</ref>
 
| 2017 || December || Bitcoin || Sport || Campaign launch || The USA Luge Foundation launches a Bitcoin fundraising campaign, allowing holders the possibility to donate through the campaign page. It is the first US Olympic team to set up an account within their endowment to buy and hold Bitcoin.<ref>{{cite web |last1=Kooser |first1=Amanda |title=US Olympics luge team embraces bitcoin donations |url=https://www.cnet.com/news/winter-olympics-usa-luge-team-takes-bitcoin-donations/ |website=CNET |access-date=29 December 2021 |language=en}}</ref><ref>{{cite web |last1=Foundation |first1=USA Luge |title=USA Luge Team Running on Bitcoin |url=https://medium.com/@usalugefoundation/usa-luge-team-running-on-bitcoin-80a8b1d8bddb |website=Medium |access-date=29 December 2021 |language=en |date=21 December 2017}}</ref>
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| 2017 || End of year || || Charity || Funding || The {{w|Silicon Valley Community Foundation}}, the largest community foundation in the United States, is estimated to hold US$4.5 billion — nearly a third of its investment portfolio — in cryptocurrencies. SVCF is a [[w:donor-advised fund|donor-advised]] {{w|community foundation}} serving the {{w|Silicon Valley}} region.<ref>{{cite web |title=Silicon Valley Community Foundation Held Billions in Digital Assets |url=https://philanthropynewsdigest.org/news/silicon-valley-community-foundation-held-billions-in-digital-assets?_ga=2.80337554.401394069.1642428335-607560891.1642428333 |website=philanthropynewsdigest.org |access-date=17 January 2022}}</ref>
 
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| 2018 || January 12 || Bitcoin || Health ({{w|post-traumatic stress disorder}} treatment) || Donation || An anonymous person donates US$4 towards research into {{w|MDMA}} treating {{w|post-traumatic stress disorder}} (PTSD). The research is undertaken by the {{w|Multidisciplinary Association for Psychedelic Studies}} (MAPS).<ref>{{cite web |title=An Anonymous Bitcoin Millionaire is Donating Millions for MDMA/PTSD Research |url=https://www.magneticmag.com/2018/01/an-anonymous-bitcoin-millionaire-is-donating-millions-for-mdma-ptsd-research/ |website=Magnetic Magazine |access-date=3 January 2022 |language=en-us}}</ref>
 
| 2018 || January 12 || Bitcoin || Health ({{w|post-traumatic stress disorder}} treatment) || Donation || An anonymous person donates US$4 towards research into {{w|MDMA}} treating {{w|post-traumatic stress disorder}} (PTSD). The research is undertaken by the {{w|Multidisciplinary Association for Psychedelic Studies}} (MAPS).<ref>{{cite web |title=An Anonymous Bitcoin Millionaire is Donating Millions for MDMA/PTSD Research |url=https://www.magneticmag.com/2018/01/an-anonymous-bitcoin-millionaire-is-donating-millions-for-mdma-ptsd-research/ |website=Magnetic Magazine |access-date=3 January 2022 |language=en-us}}</ref>
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| 2019 || December 18 || {{w|United States Dollar}} || {{w|Environmentalism}} || Donation (pledge) || [[w:Tron (cryptocurrency)|TRON]] founder and {{w|BitTorrent}} CEO {{w|Justin Sun}} pledges in a tweet to donate US$1 million to environment activist {{w|Greta Thunberg}} to help raise global awareness of the climate crisis.<ref>{{cite web |title=Cryptocurrency This Week: Bitcoin Halving, TRON’s Sun To Donate $ 1Mn To Greta Thungberg And More |url=https://inc42.com/buzz/cryptocurrency-this-week-bitcoin-halving-trons-sun-to-donate-1-mn-to-greta-thunberg-more/ |website=Inc42 Media |access-date=14 February 2021 |date=5 January 2020}}</ref><ref>{{cite web |title=Justin Sun Riles Community With $1 Million Donation to Greta Thunberg |url=https://cointelegraph.com/news/justin-sun-riles-community-with-1-million-donation-to-greta-thunburg |website=Cointelegraph |access-date=17 December 2021 |language=en}}</ref><ref>{{cite web |title=Twitter comment |url=https://twitter.com/justinsuntron/status/1207164618939854848 |website=Twitter |access-date=9 January 2022 |language=en}}</ref>
 
| 2019 || December 18 || {{w|United States Dollar}} || {{w|Environmentalism}} || Donation (pledge) || [[w:Tron (cryptocurrency)|TRON]] founder and {{w|BitTorrent}} CEO {{w|Justin Sun}} pledges in a tweet to donate US$1 million to environment activist {{w|Greta Thunberg}} to help raise global awareness of the climate crisis.<ref>{{cite web |title=Cryptocurrency This Week: Bitcoin Halving, TRON’s Sun To Donate $ 1Mn To Greta Thungberg And More |url=https://inc42.com/buzz/cryptocurrency-this-week-bitcoin-halving-trons-sun-to-donate-1-mn-to-greta-thunberg-more/ |website=Inc42 Media |access-date=14 February 2021 |date=5 January 2020}}</ref><ref>{{cite web |title=Justin Sun Riles Community With $1 Million Donation to Greta Thunberg |url=https://cointelegraph.com/news/justin-sun-riles-community-with-1-million-donation-to-greta-thunburg |website=Cointelegraph |access-date=17 December 2021 |language=en}}</ref><ref>{{cite web |title=Twitter comment |url=https://twitter.com/justinsuntron/status/1207164618939854848 |website=Twitter |access-date=9 January 2022 |language=en}}</ref>
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| 2020 || Early year || || Charity || Donation || {{w|Sam Bankman-Fried}}-founded exchange [[w:FTX (company)|FTX]], along with its affiliates and employees, start donating what would cumulate to tens of millions of dollars to charitable causes. Some among these people would pledge to donate the majority of what they make at the exchange. According to Bankman-Fried, "FTX was founded with the goal of having the largest possible positive impact on the world".<ref>{{cite web |title=The FTX Foundation for Charitable Giving :: FTX Research |url=https://blog.ftx.com/blog/ftx-foundation/ |website=blog.ftx.com |access-date=31 January 2022 |language=en |date=8 February 2021}}</ref>
 
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| 2020 || January 4 || || Emergency relief ({{w|wildfire}}) || Campaign launch || Binance announces launch of a charity project aiming to help with Australia bushfire relief efforts. The company commits to donate US$1 million in its own BNB token to the Australia Bushfire Donations project as an initial boost. All funds raised would be used to help alleviate the impact of the crisis and facilitate the restoration afterwards.<ref>{{cite web |title=Bitcoin for Charity: BTC Donations are on for Australian Bush Fires |url=https://bitcoinist.com/bitcoin-donations-for-australian-wild-fires/ |website=Bitcoinist.com |access-date=14 February 2021 |date=4 January 2020}}</ref><ref>{{cite web |title=Binance Donates $1 Million in Crypto for Australian Bushfire Relief – News Bitcoin News |url=https://news.bitcoin.com/binance-donates-1-million-in-crypto-for-australian-bushfire-relief/ |website=Bitcoin News |access-date=1 December 2021 |date=8 January 2020}}</ref>
 
| 2020 || January 4 || || Emergency relief ({{w|wildfire}}) || Campaign launch || Binance announces launch of a charity project aiming to help with Australia bushfire relief efforts. The company commits to donate US$1 million in its own BNB token to the Australia Bushfire Donations project as an initial boost. All funds raised would be used to help alleviate the impact of the crisis and facilitate the restoration afterwards.<ref>{{cite web |title=Bitcoin for Charity: BTC Donations are on for Australian Bush Fires |url=https://bitcoinist.com/bitcoin-donations-for-australian-wild-fires/ |website=Bitcoinist.com |access-date=14 February 2021 |date=4 January 2020}}</ref><ref>{{cite web |title=Binance Donates $1 Million in Crypto for Australian Bushfire Relief – News Bitcoin News |url=https://news.bitcoin.com/binance-donates-1-million-in-crypto-for-australian-bushfire-relief/ |website=Bitcoin News |access-date=1 December 2021 |date=8 January 2020}}</ref>
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| 2021 || May 12 || [[w:Shiba Inu (cryptocurrency)|Shiba Inu]], {{w|Ethereum}} || Emergency (health) || Donation || In a single transaction, {{w|Vitalik Buterin}} donates 50 trillion [[w:Shiba Inu (cryptocurrency)|SHIB]] tokens worth $1.2 billion to the India Covid Relief Fund and a range of other charities.<ref>{{cite web |last1=Bambysheva |first1=Nina |title=Ethereum’s Co-Founder Vitalik Buterin Donates Over $1 Billion To India Covid Relief Fund And Other Charities |url=https://www.forbes.com/sites/ninabambysheva/2021/05/12/ethereums-co-founder-vitalik-buterin-donates-over-1-billion-to-india-covid-relief-fund-and-other-charities/?sh=771199e65484 |website=Forbes |access-date=2 December 2021 |language=en}}</ref><ref>{{cite web |last1=Conway |first1=Luke |title=Ethereum Creator, Vitalik Buterin, Donates Over $1B to India COVID Relief |url=https://www.thestreet.com/crypto/ethereum/vitalik-buterin-gives-1-billion-to-india-covid-relief-after-memecoin-selloff |website=The Street Crypto: Bitcoin and cryptocurrency news, advice, analysis and more |access-date=12 May 2021 |language=en}}</ref> Buterin also transfers 500 ether (US$1.9 million) to the relief fund.<ref>{{cite web |last1=Business |first1=Alexis Benveniste, CNN |title=Ethereum co-founder donates $1 billion of shiba inu coin to India Covid relief |url=https://edition.cnn.com/2021/05/13/business/ethereum-shiba-inu-india-covid-donation/index.html |website=CNN |access-date=14 January 2022}}</ref>
 
| 2021 || May 12 || [[w:Shiba Inu (cryptocurrency)|Shiba Inu]], {{w|Ethereum}} || Emergency (health) || Donation || In a single transaction, {{w|Vitalik Buterin}} donates 50 trillion [[w:Shiba Inu (cryptocurrency)|SHIB]] tokens worth $1.2 billion to the India Covid Relief Fund and a range of other charities.<ref>{{cite web |last1=Bambysheva |first1=Nina |title=Ethereum’s Co-Founder Vitalik Buterin Donates Over $1 Billion To India Covid Relief Fund And Other Charities |url=https://www.forbes.com/sites/ninabambysheva/2021/05/12/ethereums-co-founder-vitalik-buterin-donates-over-1-billion-to-india-covid-relief-fund-and-other-charities/?sh=771199e65484 |website=Forbes |access-date=2 December 2021 |language=en}}</ref><ref>{{cite web |last1=Conway |first1=Luke |title=Ethereum Creator, Vitalik Buterin, Donates Over $1B to India COVID Relief |url=https://www.thestreet.com/crypto/ethereum/vitalik-buterin-gives-1-billion-to-india-covid-relief-after-memecoin-selloff |website=The Street Crypto: Bitcoin and cryptocurrency news, advice, analysis and more |access-date=12 May 2021 |language=en}}</ref> Buterin also transfers 500 ether (US$1.9 million) to the relief fund.<ref>{{cite web |last1=Business |first1=Alexis Benveniste, CNN |title=Ethereum co-founder donates $1 billion of shiba inu coin to India Covid relief |url=https://edition.cnn.com/2021/05/13/business/ethereum-shiba-inu-india-covid-donation/index.html |website=CNN |access-date=14 January 2022}}</ref>
 
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| 2021 || May 13 || Ethereum || Research ({{w|artificial intelligence}}) || Donation || {{w|Vitalik Buterin}} 1050 ETH (worth US$4,378,159) to the {{w|Machine Intelligence Research Institute}}.<ref>{{cite web |title=Our all-time largest donation, and major crypto support from Vitalik Buterin |url=https://intelligence.org/2021/05/13/two-major-donations/ |website=Machine Intelligence Research Institute |access-date=14 December 2021 |date=14 May 2021}}</ref>
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| 2021 || May 13 || Maker, Ethereum || Research ({{w|artificial intelligence}}) || Donation || Two major donations to the {{w|Machine Intelligence Research Institute}} (MIRI) are announced, including what becomes their largest donation ever, consisting in $US2.5 million per year over the next four years, and an additional ~$5.6 million in 2025, all in the form of 3001 MKR, which is liquidated by MIRI for US$15,592,829 after receiving it. The anonymous donor previously donated US$1.01 million in ETH to MIRI in 2017. The second major donation comes from {{w|Vitalik Buterin}}, who donates 1050 ETH (worth US$4,378,159) to MIRI.<ref name="vxxz"/> 
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| 2021 || May 20 || Bitcoin || Education || Donation || The {{w|University of Pennsylvania}} announces an anonymous gift of US$5 million worth of Bitcoin, the largest cryptocurrency gift the University has ever received. The donation aims at supporting innovation in finance at {{w|Wharton School}}, Penn's {{w|business school}}.<ref>{{cite web |title=University of Pennsylvania Receives Largest Cryptocurrency Gift in the University’s History to Support Innovation in Finance at the Wharton School |url=https://news.wharton.upenn.edu/press-releases/2021/05/university-of-pennsylvania-receives-largest-cryptocurrency-gift-in-the-universitys-history-to-support-innovation-in-finance-at-the-wharton-school/ |website=News |access-date=17 January 2022 |date=20 May 2021}}</ref><ref>{{cite web |last1=Sullivan |first1=Paul |title=Nonprofits Get a New Type of Donation: Cryptocurrency |url=https://www.nytimes.com/2021/07/30/your-money/cryptocurrency-donation-nonprofit.html |website=The New York Times |access-date=17 January 2022 |date=30 July 2021}}</ref>
 
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| 2021 || July–August || || || Research (donor profile) || Independent research firm Artemis Strategy Group conducts a study on behalf of Fidelity Charitable, examining cryptocurrency and charitable giving among 1,216 investors in the United States. Among the findings, the study reports that cryptocurrency investors are disproportionately charitable compared to the general investor population, with a third of the former having donated some of their cryptocurrency to charity.<ref>{{cite web |last1=Aldrich |first1=Sarah |last2=Consultant |first2=Freelance |title=Cryptocurrency and Philanthropy, Fidelity Charitable Study - Artemis Strategy Group |url=https://www.artemissg.com/2021/10/cryptocurrency-and-philanthropy-fidelity-charitable-study/ |website=artemissg.com |access-date=1 December 2021}}</ref><ref>{{cite web |title=Cryptocurrency and Philanthropy |url=https://www.fidelitycharitable.org/insights/cryptocurrency-and-philanthropy.html |website=Fidelity Charitable |access-date=1 December 2021 |language=en}}</ref><ref>{{cite web |last1=Grothaus |first1=Michael |title=Crytpo traders are more charitable than you think |url=https://www.fastcompany.com/90691172/fidelity-crypto-charity-2021-report |website=Fast Company |access-date=14 December 2021 |date=28 October 2021}}</ref><ref>{{cite web |title=Growing Popularity of Cryptocurrency Could Fuel Charitable Giving |url=https://finance.yahoo.com/news/growing-popularity-cryptocurrency-could-fuel-123000803.html |website=finance.yahoo.com |access-date=1 December 2021}}</ref>
 
| 2021 || July–August || || || Research (donor profile) || Independent research firm Artemis Strategy Group conducts a study on behalf of Fidelity Charitable, examining cryptocurrency and charitable giving among 1,216 investors in the United States. Among the findings, the study reports that cryptocurrency investors are disproportionately charitable compared to the general investor population, with a third of the former having donated some of their cryptocurrency to charity.<ref>{{cite web |last1=Aldrich |first1=Sarah |last2=Consultant |first2=Freelance |title=Cryptocurrency and Philanthropy, Fidelity Charitable Study - Artemis Strategy Group |url=https://www.artemissg.com/2021/10/cryptocurrency-and-philanthropy-fidelity-charitable-study/ |website=artemissg.com |access-date=1 December 2021}}</ref><ref>{{cite web |title=Cryptocurrency and Philanthropy |url=https://www.fidelitycharitable.org/insights/cryptocurrency-and-philanthropy.html |website=Fidelity Charitable |access-date=1 December 2021 |language=en}}</ref><ref>{{cite web |last1=Grothaus |first1=Michael |title=Crytpo traders are more charitable than you think |url=https://www.fastcompany.com/90691172/fidelity-crypto-charity-2021-report |website=Fast Company |access-date=14 December 2021 |date=28 October 2021}}</ref><ref>{{cite web |title=Growing Popularity of Cryptocurrency Could Fuel Charitable Giving |url=https://finance.yahoo.com/news/growing-popularity-cryptocurrency-could-fuel-123000803.html |website=finance.yahoo.com |access-date=1 December 2021}}</ref>
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| 2021 || Autumn || || Health ({{w|cancer}}), {{w|homelessness}} || Adoption || The Fred Hutchinson Cancer Research Center and Mary’s Place start directly accepting donations of cryptocurrency.<ref>{{cite web |title=Nonprofits accept cryptocurrency as Bitcoin and Ether values spike – is it a fad or the next frontier? |url=https://www.geekwire.com/2021/nonprofits-accept-cryptocurrency-as-bitcoin-and-ether-values-spike-is-it-a-fad-or-the-next-frontier/ |website=GeekWire |access-date=1 December 2021 |date=22 November 2021}}</ref>
 
| 2021 || Autumn || || Health ({{w|cancer}}), {{w|homelessness}} || Adoption || The Fred Hutchinson Cancer Research Center and Mary’s Place start directly accepting donations of cryptocurrency.<ref>{{cite web |title=Nonprofits accept cryptocurrency as Bitcoin and Ether values spike – is it a fad or the next frontier? |url=https://www.geekwire.com/2021/nonprofits-accept-cryptocurrency-as-bitcoin-and-ether-values-spike-is-it-a-fad-or-the-next-frontier/ |website=GeekWire |access-date=1 December 2021 |date=22 November 2021}}</ref>
 +
|-
 +
| 2021 || October 4 || Bitcoin || Undisclosed || Donation || Cryptocurrency donation platform Engiven announces having facilitated a US$10 million Bitcoin donation, one of the largest singular Bitcoin donations publicly known to date. The gift goes to an undisclosed faith-based organization.<ref>{{cite web |last1=Inc |first1=Engiven |title=Engiven, Inc. Facilitates $10 Million Dollar Bitcoin Donation, One of the Largest in History |url=https://www.prnewswire.com/news-releases/engiven-inc-facilitates-10-million-dollar-bitcoin-donation-one-of-the-largest-in-history-301391441.html |website=www.prnewswire.com |access-date=17 January 2022 |language=en}}</ref><ref>{{cite web |last1=options |first1=Show more sharing |last2=URLCopied! |first2=Copy Link |title=Charities see more crypto donations. Who is benefiting? |url=https://www.latimes.com/business/story/2021-11-20/charities-see-more-crypto-donations-who-is-benefiting |website=Los Angeles Times |access-date=17 January 2022 |date=20 November 2021}}</ref>
 
|-
 
|-
 
| 2021 || October 6 || Bitcoin || {{w|Social inclusion}} || Donation || Kraken donates US$150,000 in Bitcoin to diversity-focused Bitcoin group Black Bitcoin Billionaire, which expects to invest into empowering projects and services in the Black tech community.<ref>{{cite web |title=Kraken Donates $150,000 In Bitcoin To Black Bitcoin Billionaire Group |url=https://www.nasdaq.com/articles/kraken-donates-%24150000-in-bitcoin-to-black-bitcoin-billionaire-group-2021-10-06 |website=nasdaq.com |access-date=3 January 2022}}</ref><ref>{{cite web |title=Kraken Donates $150,000 in Bitcoin to Promote Black Crypto Entrepreneurship |url=https://blog.kraken.com/post/11083/kraken-donates-150000-in-bitcoin-to-promote-black-crypto-entrepreneurship/ |website=Kraken Blog |access-date=11 January 2022 |date=6 October 2021}}</ref><ref>{{cite web |title=Kraken Donates $150,000 In Bitcoin To Black Bitcoin Billionaire Group |url=https://bitcoinmagazine.com/business/kraken-donates-150000-in-bitcoin-to-black-billionaire-group |website=Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides |access-date=11 January 2022 |language=en}}</ref>  
 
| 2021 || October 6 || Bitcoin || {{w|Social inclusion}} || Donation || Kraken donates US$150,000 in Bitcoin to diversity-focused Bitcoin group Black Bitcoin Billionaire, which expects to invest into empowering projects and services in the Black tech community.<ref>{{cite web |title=Kraken Donates $150,000 In Bitcoin To Black Bitcoin Billionaire Group |url=https://www.nasdaq.com/articles/kraken-donates-%24150000-in-bitcoin-to-black-bitcoin-billionaire-group-2021-10-06 |website=nasdaq.com |access-date=3 January 2022}}</ref><ref>{{cite web |title=Kraken Donates $150,000 in Bitcoin to Promote Black Crypto Entrepreneurship |url=https://blog.kraken.com/post/11083/kraken-donates-150000-in-bitcoin-to-promote-black-crypto-entrepreneurship/ |website=Kraken Blog |access-date=11 January 2022 |date=6 October 2021}}</ref><ref>{{cite web |title=Kraken Donates $150,000 In Bitcoin To Black Bitcoin Billionaire Group |url=https://bitcoinmagazine.com/business/kraken-donates-150000-in-bitcoin-to-black-billionaire-group |website=Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides |access-date=11 January 2022 |language=en}}</ref>  
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| 2021 || November 10 || Ethereum || || Donation || Charity donation project MUNCH announces donation of over 1000 ETH to various charitable projects, making MUNCH the world’s leading charitable crypto project. The MUNCH Project raised and donated to charity evaluator {{w|GiveWell}} 738.87 ETH (about $2,700,000 at the time).<ref>{{cite web |title=MUNCH Hits Record-Breaking 1000 ETH Charity Donation Milestone – Press release Bitcoin News |url=https://news.bitcoin.com/munch-hits-record-breaking-1000-eth-charity-donation-milestone/ |website=Bitcoin News |access-date=1 December 2021 |date=10 November 2021}}</ref>
 
| 2021 || November 10 || Ethereum || || Donation || Charity donation project MUNCH announces donation of over 1000 ETH to various charitable projects, making MUNCH the world’s leading charitable crypto project. The MUNCH Project raised and donated to charity evaluator {{w|GiveWell}} 738.87 ETH (about $2,700,000 at the time).<ref>{{cite web |title=MUNCH Hits Record-Breaking 1000 ETH Charity Donation Milestone – Press release Bitcoin News |url=https://news.bitcoin.com/munch-hits-record-breaking-1000-eth-charity-donation-milestone/ |website=Bitcoin News |access-date=1 December 2021 |date=10 November 2021}}</ref>
 +
|-
 +
| 2021 || November 30 || || {{w|Effective altruism}} || Platform launch || Non-profit Effective Altruism Funds announces the launch of EffectiveCrypto.org, a donation platform aimed at members of the crypto community "who have done well out of the recent crypto boom and haven’t yet engaged much with effective altruism.<ref>{{cite web |title=Announcing EffectiveCrypto.org, powered by EA Funds - EA Forum |url=https://forum.effectivealtruism.org/posts/2vxNfQjLxFvjL5Mkc/announcing-effectivecrypto-org-powered-by-ea-funds%20EffectiveCrypto.org |website=forum.effectivealtruism.org |access-date=17 January 2022}}</ref>
 
|-
 
|-
 
| 2021 || November || || Charity || Donation || As of date, Fidelity Charitable reportedly cumulates US$274 million worth of cryptocurrency donations.<ref>{{cite web |title=Will 2022 be a boom year for cryptocurrency philanthropy? |url=https://www.devex.com/news/will-2022-be-a-boom-year-for-cryptocurrency-philanthropy-102241 |website=devex.com |access-date=9 January 2022}}</ref>
 
| 2021 || November || || Charity || Donation || As of date, Fidelity Charitable reportedly cumulates US$274 million worth of cryptocurrency donations.<ref>{{cite web |title=Will 2022 be a boom year for cryptocurrency philanthropy? |url=https://www.devex.com/news/will-2022-be-a-boom-year-for-cryptocurrency-philanthropy-102241 |website=devex.com |access-date=9 January 2022}}</ref>
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===What the timeline is still missing===
 
===What the timeline is still missing===
  
−
* Vipul: Also "philanthropy by people who became wealthy through cryptocurrency (e.g., Coinbase founder signing Giving Pledge, Pineapple fund, crypto donations to MIRI in 2017)"
 
−
* Vipul: "check out Sam Bankman-Fried "
 
−
 
−
* [https://www.latimes.com/business/story/2021-11-20/charities-see-more-crypto-donations-who-is-benefiting]
 
−
* {{w|Roger_Ver#Donations}}
 
−
* [https://www.nytimes.com/2021/07/30/your-money/cryptocurrency-donation-nonprofit.html]
 
 
   
 
   
 
* [https://www.alliancemagazine.org/blog/exploring-the-potential-for-cryptocurrency-in-philanthropy/]
 
* [https://www.alliancemagazine.org/blog/exploring-the-potential-for-cryptocurrency-in-philanthropy/]
Line 318: Line 324:
 
* [https://www.cafonline.org/about-us/caf-campaigns/campaigning-for-a-giving-world/future-good/blockchain]
 
* [https://www.cafonline.org/about-us/caf-campaigns/campaigning-for-a-giving-world/future-good/blockchain]
 
   
 
   
−
 
−
* Vitalik crypto donations in May 2021 to MIRI, GiveWell, and others: [https://www.forbes.com/sites/ninabambysheva/2021/05/12/ethereums-co-founder-vitalik-buterin-donates-over-1-billion-to-india-covid-relief-fund-and-other-charities/ Forbes]
 
−
* Crypto donations to MIRI in May 2021 including Vitalik's MIRI donation + another big one: [https://intelligence.org/2021/05/13/two-major-donations/ Our all-time largest donation, and major crypto support from Vitalik Buterin]
 
−
* [https://forum.effectivealtruism.org/posts/2vxNfQjLxFvjL5Mkc/announcing-effectivecrypto-org-powered-by-ea-funds EffectiveCrypto.org]
 
  
 
===Timeline update strategy===
 
===Timeline update strategy===

Latest revision as of 20:07, 30 January 2022

This is a Timeline of cryptocurrency and philanthropy, attempting to describe significant events related to philanthropic aspects of cryptocurrencies.

Sample questions

The following are some interesting questions that can be answered by reading this timeline:

  • What currencies are named in this timeline?
    • Sort the full timeline by "Currency".
    • You will see a variety of currencies having been donated, mainly Bitcoin, but also altcoins and US Dollars in cases that involve organizations related to cryptocurrencies and blockchain.
  • What are some of the several philanthropic causes involving cryptocurrencies?
    • Sort the full timeline by "Cause".
    • You will see a variety of causes, most often charitable, which aim to provide help and raise money for those in need.
  • What are some donation cases mentioned in this timeline?
    • Sort the full timeline by "Event type" and look for the group of rows with value "Donation".
    • You will see some significant donations in terms of amount, and other significant cases in terms of novelty.
  • What are some cases of entities adopting cryptocurrency donations?
    • Sort the full timeline by "Event type" and look for the group of rows with value "Adoption".
    • You will mostly see novel adoptions of cryptocurrency donations in different fields.
  • What are some enterprises aimed at receiving cryptocurrency donations for philanthropic causes?
    • Sort the full timeline by "Event type" and look for the group of rows with value "Campaign launch" (for campaigns), "Platform launch" (for online platforms), and "Program launch".
  • Other events are described under the following types: "Funding", "Partnership", "Publication", "Recommendation", "Regulation", "Security", "Tool launch", and "Trend growth".

Big picture

Time period Development summary More details
2013–2015 Early developments Donations in cryptocurrency, particularly in Bitcoin, begin, with major donations occurring already in 2013.
2016 Formalization Organizations trying to do charity work and delivering aid through the form of Bitcoin begin to emerge, along with organizations that do impact investing based on blockchain technology.[1]
2017 onwards Take off Cryptocurrency donations accelerate in 2017 after Bitcoin hits US$20,000 for the first time. Over US$100 million in crypto is donated to the few organizations who are ready to accept Bitcoin. Since then, cryptocurrency donations would increase with estimates of $200-$300 million per year being donated in crypto.[2] In 2018, whereas foundations crypto assets plung, donations keep rising in the year.[3]
2020 onwards COVID-19 pandemic The pandemic prompts even more nonprofit organizations to accept cryptocurrency donations.[4] In the United States, the booming cryptocurrency donations to charities are benefited by not being recognized as taxable events.[5][6]

Numerical and visual data

Google Scholar

The following table summarizes per-year mentions on Google Scholar as of December 14, 2021.

Year "cryptocurrency" "philanthropy"
2011 2
2012 0
2013 3
2014 5
2015 8
2016 17
2017 32
2018 77
2019 116
2020 118
Cryptocurrency and philanthropy gscho.png

Full timeline

Year Month and date (approximately) Currency Cause Event type Details
2013 October 31 Poverty alleviation Recommendation Ripple Labs encourages people to give to nonprofit organization GiveDirectly, which provides a platform for donors to make direct transfer resources to the extreme poor.[7][8]
2013 Early November Bitcoin Emergency relief Donation Immeditely after Typhoon Haiyan strikes the Philippines, charitable organization Save the Children begins accepting Bitcoin donations via BitPay, a company that processes the donations. The charity becomes the world’s first INGO to accept a Bitcoin donation.[9][10]
2013 November 30 Bitcoin Education Donation American early bitcoin investor Roger Ver donates US$1 million worth of Bitcoin to the Foundation for Economic Education, a U.S. conservative libertarian economic think tank.[11] This is the largest charitable Bitcoin donation to date.[12]
2013 December 17 Bitcoin Digital privacy Adoption The Tor Project, a Seattle-based research-education nonprofit organization, starts accepting Bitcoin donations.[7] In partnership with Bitpay, BTC can be donated to support Tor’s mission of being the global resource for privacy technology advocacy.[13]
2013–2018 Charity Trend growth According to Blackbaud, online charitable giving grows from 6.4% of all giving in 2013 to 8.5% in 2018.[14]
2014 February 19 Bitcoin Education Donation The University of Puget Sound in Tacoma, Washington, claims to be the first U.S. institution to receive a donation in Bitcoin, after graduate Nicolas Cary donates 14.5 BTC, or about US$10,000, to the university's alumni fund.[15]
2014 April 22 Bitcoin Sanitation Donation (pledge) In an effort to provide clean water and proper sanitation in Sub-Saharan Africa, Bitpay, the leading service provide system for Bitcoin, announces their pledge to match 1BTC in donations for BitGive Foundation’s campaign for the Water Project, a charity that provides access to clean, safe and reliable water and sanitation solutions across the region.[16]
2014 July 30 Bitcoin Education Adoption The Wikimedia Foundation starts accepting donations of Bitcoin, and announces it would use Coinbase to accept BTC and convert it into U.S. dollars.[17][18][19]
2015 November 18 Bitcoin Charity Adoption Fidelity Charitable, the public charity arm of Fidelity Investments, announces customers can use Bitcoin to support charities through its donor-advised funds.[20]
2016 May 18 Bitcoin Fighting terrorism Donation A hacker donates 25 stolen Bitcoin (US$11,000 at the time) to a Kurdish region of Syria that borders territory held by the Islamic State militant group (ISIS) has received an $11,000 donation in allegedly stolen bitcoin from a vigilante hacker. The BTC are transferred to a crowdfunding campaign set up by members of the Rojava region's economic committee, with the purpose to help fight ISIS.[21][22][23]
2016 December 8 Tool launch Nonprofit organization BitGive launches GiveTrack, a blockchain-based multidimensional donation platform that provides the ability to transfer, track and provides a permanent record of the end-to-end route of global transactions.[24][25][26]
2017 May 30 Ethereum Research (artificial intelligence) Donation Machine Intelligence Research Institute receives a US$1.01 million anonymous donation from an Ethereum cryptocurrency investor.[27]
2017 December Bitcoin Education Donation Global cryptocurrency trading platform Paxful inaugurates its first school built with Bitcoin, under the initiative #builtwithbitcoin, in Bugesera District, Rwanda.[28]
2017 December Bitcoin Health (cancer treatment) Donation Tech investors Halle Tecco and Jeff Hammerbacher donate their entire portfolio to a South Carolina cancer hospital.[29][30][31]
2017 December Bitcoin Charity, basic income Donation The Pineapple Fund is created as “an experiment in philanthropy with cryptocurrency.” The creator, an anonymous person named “Pine”, donates US$55 million worth of Bitcoin to 60 different charitable organizations focused on everything from the environment and mental health to social justice and homelessness.[32][33] The charity commits US$5 million worth of Bitcoin to GiveDirectly, which at the time runs the largest basic income experiment across dozens of villages in rural Kenya.[34]
2017 December Bitcoin Sport Campaign launch The USA Luge Foundation launches a Bitcoin fundraising campaign, allowing holders the possibility to donate through the campaign page. It is the first US Olympic team to set up an account within their endowment to buy and hold Bitcoin.[35][36]
2017 End of year Charity Funding The Silicon Valley Community Foundation, the largest community foundation in the United States, is estimated to hold US$4.5 billion — nearly a third of its investment portfolio — in cryptocurrencies. SVCF is a donor-advised community foundation serving the Silicon Valley region.[37]
2018 January 12 Bitcoin Health (post-traumatic stress disorder treatment) Donation An anonymous person donates US$4 towards research into MDMA treating post-traumatic stress disorder (PTSD). The research is undertaken by the Multidisciplinary Association for Psychedelic Studies (MAPS).[38]
2018 January 23 Bitcoin, Bitcoin cash, Ethereum, Ripple, Stellar lumen Religion Adoption An evangelical in Zürich, begins accepting voluntary offerings from its parishioners in Bitcoin, Bitcoin cash, Ethereum, Ripple, and Stellar lumen.[39][40][41]
2018 January Ethereum Research (artificial intelligence) Donation Estonian computer programmer and Skype co-founder Jaan Tallinn donates 350 ETH (about US$434,000) to London-based company Faculty, which develops machine learning systems for companies and governments.[42][43]
2018 February 2 Ethereum Longevity Donation Antiaging nonprofit SENS Research Foundation Receives a US$2.4 Million Ethereum Donation from Ethereum creator Vitalik Buterin. SENS works to research, develop, and promote comprehensive regenerative medicine solutions for the diseases of aging.[44][45][46]
2018 February 2 Bitcoin Health Donation California-based non-profit research organization Open Medicine Foundation receives a donation of US$5 million in Bitcoin from an anonymous benefactor.[47][48]
2018 February 14 Adoption Fidelity Charitable reveals having received US$69 million in cryptocurrency donations in 2017, making it the fastest-growing option accepted by the firm. According to the report, the funds, which included donations in Bitcoin and Ethereum, came from 169 different donors.[49]
2018 March 27 OMG Network Poverty alleviation Donation GiveDirectly announces a donation of US$1 million worth in OMG tokens from Ethereum founder Vitalik Buterin. GiveDirectly would deliver the funds to its experimental scheme aimed directly at refugees, providing 12,000 grants to families in Uganda.[50][51][52]
2018 March 28 Ripple Education Donation Cryptocurrency startup Ripple donates US$29 million of its own digital currency XRP to support public schools in the United States.[53] The donation is channeled via DonorsChoose charity platform, which would convert Ripple into US dollars.[54]
2018 May 15 United States Dollar Donation Crypto exchange Kraken donates US$1 million to blockchain advocacy group Coin Center, a leading non-profit focused on the policy issues facing cryptocurrencies.[55]
2018 May 22 Bitcoin Political campaign Controversy American Democratic congressional candidate Brian Forde is targeted by anti-crypto political advertising for accepting Bitcoin (BTC) donations to his campaign. The ad seeks to benefit from Law enforcement agencies often seeing BTC as a criminal tool used to buy drugs, guns or other illegal items, whereas financial regulatory bodies can't decide whether to classify it a security.[56]
2018 May 24 Ripple Wildlife conservation Donation American actor and entrepreneur Ashton Kutcher donates US$4 million in Ripple (XRP) to Ellen Degeneres’ Wildlife Fund live during her show.[57]
2018 May 28 Religion Adoption A mosque in London becomes the first in the United Kingdom to accept cryptocurrency donations for the Ramadan period. The Turkish owned mosque goes against the Turkish government, which brands cryptocurrency as "incompatible" with Islam.[58][59][60]
2018 June 4 Ripple Donation Ripple unveils its University Blockchain Research Initiative (UBRI), consisting of a US$50 million donation to 17 universities globally to support education in blockchain and crypto.[61]
2018 June 27 Charity Platform launch Coinbase CEO Brian Armstrong launches charity fund GiveCrypto.org, which aims to raise US$1 billion over the next two years. According to Armstrong, the fund was inspired by the Bill & Melinda Gates Foundation and acts of charity from the crypto community.[62] [63]
2018 June 28 Ethereum Charity Program launch Basketball team Sacramento Kings announce charitable program MiningForGood, which through a partnership with MiningStore.com, would allow the team to install cryptocurrency mining machines in the only Tier 4 data center in a professional sports arena. Cryptocurrency mining is aimed to support charitable causes.[64][65][66]
2018 August 1 Ripple Charity (orphan children) Partnership Crypto Daily reports a partnership between American singer Madonna and Ripple, as an effort to raise donations for a charity, which assists orphaned children in Malawi.[67][68]
2018 September 21 Bitcoin Political campaign Donation A candidate for a local government seat in the city of Taipei becomes the first politician in Taiwan to ever receive a campaign donation in Bitcoin.[69][70]
2018 September 21 Bitcoin, other Political campaign Policy California’s campaign regulator bans candidates from receiving donations for political campaigns with cryptocurrencies like Bitcoin. This rule opposes the U.S. Federal Elections Commission which generally allows Bitcoin donations to federal candidates.[71][72][73]
2018 September 24 Bitcoin, Bitcoin Cash, Litecoin, Ethereum, XRP, EOS, Stellar, Monero, Dash Charity (child welfare) Adoption The French office of UNICEF starts accepting donation in 9 major cryptocurrencies, and expresses that cryptocurrencies and crypto technologies represent an innovation in fundraising for solidarity but are still employed by few organizations in the field.[74][75][76]
2018 October 4 Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic Health Adoption Lupus Foundation of America starts accepting donations in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum Classic (ETC). The Foundation partners with blockchain consulting firm The Giving Block, which helps non-profit organizations accept crypto and fundraise via cryptocurrencies.[77][78][79]
2018 October 8 Coins listed on Binance Charity Donation Binance announces the introducion of an unprecedented policy that makes coin listing fees completely transparent, with 100% of those fees being donated to the Blockchain Charity Foundation, Binance recently launched charity division.[80][81][82]
2018 November 12 All cryptocurrencies Political campaign Policy The Michigan Secretary of State's office bans donations in cryptocurrencies for political campaigns.[83][84]
2018 November 17 Monero Human rights Donation The Bail Bloc, a US initiative that uses cryptocurrency to get people out of pretrial incarceration, donates mined Monero to bail out immigrants in Immigration and Customs Enforcement detention. The initiative chose Monero for being financially viable to mine and does not put a lot of pressure on donors, in addition of being less energy-intensive to mine compared to Bitcoin.[85][86][87]
2018 November 27 Emergency relief (hyperinflation) Platform launch Payment gateway platform AirTM launches AirdropVenezuela.org, a campaign to raise US$1 million in cryptocurrency donations to send directly to Venezuelan locals suffering from hyperinflation.[88][89]
2018 December Bitcoin Education Donation Peer-to-peer Bitcoin marketplace Paxful announces having completed building a second school in Rwanda, built entirely through Bitcoin, as a part of their initiative #BuiltwithBitcoin.[90][91][92]
2018 December 21 Donation (pledge) Coinbase CEO Brian Armstrong signs The Giving Pledge, bringing to a hundred and eighty-five the number of those pledging to dedicate the majority of their wealth to philanthropic causes.[93][94]
2018 December 23 Charity Donation (pledge) Cryptocurrency exchange Binance and blockchain oriented operating system Tron jointly commit to donate US$100,000 in crypto to charity.[95][96]
2018 Charity (child welfare) Program launch UNICEF launches an initiative called The Hopepage, asking people to give a percentage of their computer’s processing power in order to mine new Cryptocurrency coins. Funds raised through this would go to UNICEF Australia.[97]
2018 Organization The Giving Block is established to encourage crypto users to make donations. It provides "an ecosystem for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies, be found by crypto donors, receive funds instantly, and become part of a network of crypto media partners to support their missions".[98]
2019 January 30 Bitcoin Cash Education Adoption The Wikimedia Foundation starts accepting Bitcoin Cash donations via Bitpay.[99][100][101]
2019 April Ripple Education Donation Ripple co-founder Chris Larsen, along with his wife Lyna Lam and Rippleworks, the social venture foundation he co-founded in 2015, donates US$25 million worth of Ripple to San Francisco State University, his Alma Mater.[102][103][104]
2019 April Bitcoin Freedom of speech Donation Following Julian Assange arrest at the Ecuadorian embassy in London, Wikileaks' cryptocurrency donations surge, reflecting notable support from the cryptocurrency and Bitcoin communities on behalf of freedom of speech.[105][106][107]
2019 May 29 Charity Donation (pledge) British bitcoin billionaire Ben Delo signs The Giving Pledge, pledging most of his wealth to philanthropic causes.[108][109][110]
2019 June Bitcoin Adoption Charitable organizations that accept bitcoin donations through BitPay cumulate US$37 million in cryptocurrency-denominated donations since 2017.[111]
2019 July 2 Publication Elisa Shoenberger at dailydot.com writes an article titled How cryptocurrency has become a force in philanthropy, which highlights how cryptocurrencies have become increasingly adopted in the philanthropic sector in the last few years to date.[7]
2019 July 24 Bitcoin Customer satisfaction Donation Cryptocurrency exchange OKEx donates US$4.5 million-worth of Bitcoin to its perpetual swap market insurance fund with the purpose to foster customers' confidence in trading cryptocurrencies. The donation is aimed to provide an extra layer of protection to the customers.[112][113][114]
2019 August 9 Charity Platform launch South Korean conglomerate SK Group creates a blockchain-based donation platform, and proposes two new tokens that would focus on the problem of tracking charitable donations.[115][116][117]
2019 August Bitcoin, Ethereum, Litecoin Emergency (natural disaster) Platform launch Crypto developers in Iran create IranRescueBit, a blockchain-enabled online platform for facilitating aid donations made in cryptocurrencies, to people who have suffered the flooding affecting the country. This is in response to international politics interfering with humanitarian needs, including efforts to receive foreign financial aid for flood victims. Being developed by volunteers independently of the government, the platform accepts donations in Bitcoin, Ethereum and Litecoin.[118][119][120]
2019 August 19 Charity Donation Fidelity's charity arm, Fidelity Charitable, cumulates US$100 million in crypto donations.[121][122][123]
2019 September 10 Altcoins Recommendation Bitcoin maximalist and co-host of the “Tales from the Crypt” podcast Matt Odell posts a tweet urging people to donate to The Tor Project, a Seattle-based 501(c)(3) research-education nonprofit organization. Odell adds, “donate shitcoins. stack sats.”[124] Days later, fintech journalist Osato Avan-Nomayo publishes an article at cointelegraph.com announcing that Bitcoin owners are giving away altcoins to support The Tor Project. Avan-Nomayo states that Bitcoin owners say it is better to donate altcoins to charities and other nonprofit organizations while “stacking sats.”[125]
2019 September 11 Tether, other Emergency (natural disaster) Adoption Tether Limited announces US$1 million donation and sets up an address to collect donations in Tether (USDt) to help victims in the Bahamas during the Hurricane Dorian. Meanwhile, nonprofit Lend a Hand Bahamas sets up a Coinbase Commerce account to accept crypto donations for relief efforts easily.[126][127]
2019 September Bitcoin, Ethereum, Litecoin, Bitcoin Cash Environmentalism Campaign launch The Rain Forest Foundation announces a campaign to fight the Brazilian forest fires with the help of the crypto community. The organization accepts donations in Bitcoin, ethereum, litecoin, and bitcoin cash.[128][129][130]
2019 October 8 Political campaign Regulation Japan legalizes cryptocurrency donations to politicians.[131]
2019 October Bitcoin, Ethereum Charity Donation The Ethereum Foundation donates roughly US$150,000 worth of Bitcoin and Ethereum to UNICEF’s experimental crypto fund. Subsequently, the UNICEF Kazakhstan office develops an Ethereum-based system for processing internal payments, such as sending funds from the UNICEF headquarters to people running a local education program.[132]
2019 October 9 Bitcoin, Ethereum Adoption Unicef launches cryptocurrency fund, and starts accepting donations through Bitcoin and Ethereum.[133][134][135]
2019 October 10 Bitcoin Freedom of the press Adoption Non-profit English-language newspaper Hong Kong Free Press announces it's accepting Bitcoin donations via BTCPay.[136]
2019 November 5 Bitcoin Charity Donation Bill Pulte, son to billionaire William J. Pulte, announces on Twitter plans to give away Bitcoin to charity. In less than 12 hours following the announcement, his site Twitter Philanthropy would face a number of crashes as many flock to participate on the giveaway.[137]
2019 November 13 Bitcoin Digital privacy Donation (pledge) The Unknown Fund, organized by a group of anonymous people, announces plan to invest and donate US$75 million in bitcoin (BTC) to those startups working directly or indirectly on enhancing privacy. The Unknown Fund says it would prefer startups working on four niches - personal data protection, tools for online anonymity, cryptocurrencies and blockchain.[138][139][140]
2019 December 3 Bitcoin, Bitcoin Cash, Ethereum, Zcash, Litecoin and Gemini dollar Adoption Britain-based NGO Save the Children announcers ability to accept multiple digital assets in through its website, including Bitcoin, Bitcoin Cash, Ethereum, Zcash, Litecoin and Gemini dollar.[141][142]
2019 December Bitcoin Health (cancer treatment) Adoption The American Cancer Society starts accepting Bitcoin donations through BitPay.[143][144][145]
2019 December 18 United States Dollar Environmentalism Donation (pledge) TRON founder and BitTorrent CEO Justin Sun pledges in a tweet to donate US$1 million to environment activist Greta Thunberg to help raise global awareness of the climate crisis.[146][147][148]
2020 Early year Charity Donation Sam Bankman-Fried-founded exchange FTX, along with its affiliates and employees, start donating what would cumulate to tens of millions of dollars to charitable causes. Some among these people would pledge to donate the majority of what they make at the exchange. According to Bankman-Fried, "FTX was founded with the goal of having the largest possible positive impact on the world".[149]
2020 January 4 Emergency relief (wildfire) Campaign launch Binance announces launch of a charity project aiming to help with Australia bushfire relief efforts. The company commits to donate US$1 million in its own BNB token to the Australia Bushfire Donations project as an initial boost. All funds raised would be used to help alleviate the impact of the crisis and facilitate the restoration afterwards.[150][151]
2020 January 17 Policy The United States Internal Revenue Service (IRS) issues a guidance for donors and charities, confirming tax treatment of virtual currency charitable donations. The IRS confirms that virtual currency donations to a charitable organization would not recognize income, gain, or loss from the donation. This is the same result as giving stock or other appreciated assets, which are also characterized as capital assets.[152][153][154]
2020 February 6 Partnership UNICEF partners with SoftBank Investment Advisers (SBIA) to develop a structure for distributing cryptocurrency.[155]
2020 March Emergency relief (COVID-19) Campaign launch Binance Charity announces a new fundraising project aimed at tackling the COVID-19 pandemic globally, through a project titled Crypto Against COVID, which aims to raise US$5 million in cryptocurrencies (BNB, BTC, BUSD and XRP) to be spent primarily on buying medical supplies for the countries worst affected by the virus at the time, such as Italy, Germany, Spain, South Korea, Iran, Turkey, United States, and the United Kingdom.[156][157][158]
2020 March Bitcoin Research (artificial intelligence) Donation Jaan Tallinn donates 50 Bitcoin (about US$316,000) to Faculty.[42] Tallinn says he donates in crypto because he keeps most of his personal wealth in that form, and converting it into cash would result in an unnecessary capital gains tax bill, reducing the amount he could give.[43]
2020 April Stellar Lumens Program launch The Stellar Development Foundation launches a program to match public donations to a number of non–profits, given in Stellar Lumens (XLM) up to a maximum of 1.9 million XLM (roughly $79,300 at the time).[159][160]
2020 April 5 Bitcoin Emergency relief (health) Donation The Italian Red Cross builds an advanced medical pre-triage post for COVID-19 patients using donated Bitcoins generated through a crypto fundraiser. The post is aimed at hosting regular blood donation events.[161][162][163]
2020 April Security The United States FBI releases report warning of 4 cryptocurrency fraud schemes tied to Covid-19”. Scammers ask users to accept a “donation” of funds into their own bank account and to deposit them into a crypto kiosk. The so-called “donation” is likely money stolen from others. The acceptance and transfer of the stolen money is considered illegal money mule activity and potentially unlicensed money transmission.[164]
2020 May 1 Emergency relief (COVID-19 pandemic) Donation Binance Charity announces partnership with non-profit Integro Foundation, with the purpose to assist the Caribean region against COVID-19. US$1 million in cryptocurrencies is commited toward the campaign, with 1/3 from Integro Foundation and 2/3 from Binance Charity.[165][166][167]
2020 May 14 Bitcoin Emergency relief (COVID-19) Donation Crypto gaming pioneer Bitcasino.io and their community of players raise 20BTC in support of COVID-19 relief by way of donating player Loyalty Rewards. The donation is the result of Bitcasino’s Crypto vs. COVID-19 charity campaign in cooperation with the Giving Block, which provides an ecosystem for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies.[168][169][170]
2020 May Health (Covid-19 relief) Campaign launch Mexican cryptocurrency exchange Bitso partners with the crowdfunding platform Donadora to launch a crypto-based donation system aimed at gathering funds to buy food for vulnerable families affected by the Covid-19 crisis.[171][172][173]
2020 June 14 Bitcoin Fraud victim relief Donation Members of the crypto community come together to support a victim of phishing scam who was stolen all his BTC. Prominent crypto personalities, including Binance CEO Changpeng Zhao, intervene, with some donating some Bitcoins to the victim.[174]
2020 June 18 Ethereum Charity (children) Donation The Ethereum Foundation makes a second crypto donation to UNICEF, consisting in roughly 1,125 ether (ETH) (US$262,000 at the time).[175]
2020 July 14 Publication United States IRS compliant software provider TAXbit publishes a guide on how to donate holdings and minimize some taxes by donating crypto.[176][177]
2020 July 15 Platform launch Better Business Bureau — the charity giant behind Give.org — launches a privacy-focused donation platform built on the Ardor (ARDR) blockchain, with the purpose to facilitate donations to BBB-accredited charities while ensuring donor data is only shared when permitted.[178][179]
2020 August 18 Emergency relief (explosion) Donation Binance's charity arm donates US$20,000 to the victims of the Beirut explosion.[180]
2020 October Bitcoin Free software Donation A total of 1,050 Bitcoin (over US$11.8 million at ther time), mined back in 2010, are moved after being dormant for over a decade. Part of the funds, well over $100,000, are donated to the Free Software Foundation, a 501(c)(3) non-profit organization founded by Richard Stallman to support the free software movement.[181]
2020 December 15 Bitcoin Art restoration Donation Binance Charity donates 3.211 Bitcoin (worth about US$60,000 at the time) to Friends of Notre-Dame de Paris to contribute to the restoration of Notre-Dame Cathedral’s Mays paintings, which were damaged in the 15 April 2019 fire.[182]
2020 December 18 Charity Adoption Protestant Christian church and charitable organization Salvation Army starts accepting cryptocurrency donations.[183][184][185]
2021 January 19 Bitcoin Cash Education Donation Bitcoin.com Founder Roger donates two gifts totaling US$2,000,000 in Bitcoin Cash (BCH) to The Foundation for Economic Education, to support its work "in advancing individual liberty and educating students around the world on the moral and economic foundations of a free society".[186][187][188]
2021 January 25 United States Dollar Research Donation Digital currency asset manager Grayscale Investments announces donation of US$1 million to Coin Center, a leading non-profit think tank focused on public policy affecting cryptocurrency networks.[189]
2021 January 26 Health (cancer) Campaign launch The American Cancer Society creates the Cancer Crypto Fund, in partnership with The Giving Block, which helps organizations tap into crypto philanthropy. Although previously having accepted Bitcoin via BitPay, this is the organization's first crypto-only fund.[190][191][192]
2021 January 28 Bitcoin Program launch Paxful launches its global charity initiative #BuiltwithBitcoin in India.[193]
2021 February 10 United States dollar Research Donation Twitter CEO Jack Dorsey donates US$1 million to the Coin Center, a non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies.[194][195]
2021 April 7 Emergency relief (COVID-19 pandemic) Donation Binance Charity announces donation of US$1 million in Crypto to UNICEF for Global COVID-19 vaccine rollout in 11 countries by the end of 2021: Ghana, Nigeria, Kenya, Uganda, Egypt, Indonesia, Philippines, Vietnam, Bangladesh, Ukraine and Brazil. As the first pillar of Binance Charity’s Post-COVID Recovery Plan, the funding would support UNICEF’s role in helping to deliver COVID-19 Vaccines to communities in those countries.[196][197]
2021 May 12 Shiba Inu, Ethereum Emergency (health) Donation In a single transaction, Vitalik Buterin donates 50 trillion SHIB tokens worth $1.2 billion to the India Covid Relief Fund and a range of other charities.[198][199] Buterin also transfers 500 ether (US$1.9 million) to the relief fund.[200]
2021 May 13 Maker, Ethereum Research (artificial intelligence) Donation Two major donations to the Machine Intelligence Research Institute (MIRI) are announced, including what becomes their largest donation ever, consisting in $US2.5 million per year over the next four years, and an additional ~$5.6 million in 2025, all in the form of 3001 MKR, which is liquidated by MIRI for US$15,592,829 after receiving it. The anonymous donor previously donated US$1.01 million in ETH to MIRI in 2017. The second major donation comes from Vitalik Buterin, who donates 1050 ETH (worth US$4,378,159) to MIRI.[27]
2021 May 20 Bitcoin Education Donation The University of Pennsylvania announces an anonymous gift of US$5 million worth of Bitcoin, the largest cryptocurrency gift the University has ever received. The donation aims at supporting innovation in finance at Wharton School, Penn's business school.[201][202]
2021 July–August Research (donor profile) Independent research firm Artemis Strategy Group conducts a study on behalf of Fidelity Charitable, examining cryptocurrency and charitable giving among 1,216 investors in the United States. Among the findings, the study reports that cryptocurrency investors are disproportionately charitable compared to the general investor population, with a third of the former having donated some of their cryptocurrency to charity.[203][204][205][206]
2021 August 15 United States Dollar Bitcoin development Donation American effective altruist and crypto billionaire Sam Bankman-Fried donates US$450,000 to Brink Technology, a nonprofit that supports Bitcoin developers.[207][208][209]
2021 August 27 Health Donation India Covid Crypto Relief Fund announces donation of US$15 million to United Nations Children’s Fund (UNICEF) India to procure 160 million re-use prevention syringes, with the purpose to speed up deployment of vaccines in India.[210][211]
2021 September 30 39 currencies Adoption The Central Pacific Bank Foundation, the charitable giving arm of Central Pacific Bank, begins accepting donations of 39 types of cryptocurrencies, after recognizing that "cryptocurrency is becoming an increasingly popular way for people to make payments and so we wanted to again expand our reach and accept donations in whatever form that's acceptable".[212]
2021 Autumn Health (cancer), homelessness Adoption The Fred Hutchinson Cancer Research Center and Mary’s Place start directly accepting donations of cryptocurrency.[213]
2021 October 4 Bitcoin Undisclosed Donation Cryptocurrency donation platform Engiven announces having facilitated a US$10 million Bitcoin donation, one of the largest singular Bitcoin donations publicly known to date. The gift goes to an undisclosed faith-based organization.[214][215]
2021 October 6 Bitcoin Social inclusion Donation Kraken donates US$150,000 in Bitcoin to diversity-focused Bitcoin group Black Bitcoin Billionaire, which expects to invest into empowering projects and services in the Black tech community.[216][217][218]
2021 October 27 United States Dollar Relief (water scarcity) Donation Crypto.com donates US$1 million to Water.org, a clean-water initiative co-founded by Matt Damon and Gary White, which aims to provide safe water and sanitation. The direct donation is expected to go toward supporting water.org’s mission of ending the global water crisis.[219][220][221]
2021 November 10 Ethereum Donation Charity donation project MUNCH announces donation of over 1000 ETH to various charitable projects, making MUNCH the world’s leading charitable crypto project. The MUNCH Project raised and donated to charity evaluator GiveWell 738.87 ETH (about $2,700,000 at the time).[222]
2021 November 30 Effective altruism Platform launch Non-profit Effective Altruism Funds announces the launch of EffectiveCrypto.org, a donation platform aimed at members of the crypto community "who have done well out of the recent crypto boom and haven’t yet engaged much with effective altruism.[223]
2021 November Charity Donation As of date, Fidelity Charitable reportedly cumulates US$274 million worth of cryptocurrency donations.[224]
2021 December 6 Bitcoin Relief (water scarcity) Donation Nonprofit charity fund Bitcoin Water Trust reaches 100 Bitcoin. The fund aims to provide clean water to people in developing countries.[225][226][227]
2021 December 26 Bitcoin, Dogecoin, Shiba Inu Healthcare (breast cancer) Adoption Susan G. Komen for the Cure, a world’s leading breast cancer organization, in collaboration with The Giving Block, starts accepting Shiba Inu, Bitcoin and Dogecoin.[228][229][230]

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References

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