Let’s be honest – the world of charitable giving hasn’t quite kept up with our changing financial landscape. While younger generations are embracing modern assets like cryptocurrencies and exploring innovative strategies, many nonprofits are still stuck in the past, missing out on valuable donation streams.
Imagine this: A nonprofit is struggling to fund a critical project that could change countless lives. Yet, they can’t tap into the growing wealth held by Millennials, Gen Z, and high-net-worth individuals who prefer to donate through digital assets and tax-efficient methods. It’s a massive missed opportunity.
The Changing Face of Wealth (and How Nonprofits Are Getting Left Behind)
The next decade will see a monumental $68 trillion wealth transfer to younger generations (Stash). And you can bet that a big chunk of that money is held in cryptocurrencies and other modern assets. Nearly half of all crypto investors are Millennials, with Gen Z making up another significant portion (Stash).
Meanwhile, wealthy donors are increasingly turning to methods like donating appreciated stocks and setting up donor-advised funds (DAFs) to maximize their philanthropic impact while minimizing tax burdens (Schwab Brokerage) (J.P. Morgan | Official Website).
But here’s the catch: Many nonprofits are still playing by the old rules, unable to accept these new forms of charitable giving. It’s like leaving money on the table – money that could fuel life-changing work around the world.
Enter Better Giving: The Solution for a New Era of Philanthropy
At Better Giving, we’re breaking down barriers and opening up a world of new possibilities for donors and nonprofits alike. Our cutting-edge platform makes it simple to donate cryptocurrencies, stocks, and DAF contributions, along with more traditional donation methods such as cards, bank transfers, and checks.
We’re not just talking the talk, either.
Our Restore Earth campaign raised a staggering $1.5 million in crypto donations alone, funding critical environmental projects globally. Game-changing results like these are just the beginning.
The Power of Crypto, Stocks, and DAFs: Unlocking Philanthropic Potential
- Cryptocurrency Donations: In 2021, the average crypto donation soared to over $10,000 – a testament to the impact digital asset holders can have (Business Wire) (CoinGecko) (Technavio). Plus, donors can avoid capital gains taxes while still receiving a valuable tax deduction (FORVIS) (Technavio). It’s a win-win for givers and receivers.
- Donor-Advised Funds: DAFs are a strategic way for donors to make substantial, tax-efficient contributions over time. In 2022 alone, grants from DAFs topped $52 billion, and DAF assets reached $228 Billion – a huge pool of potential funding for nonprofits (NPTrust)
- Stock Donations: By donating appreciated stocks directly, donors can bypass capital gains taxes altogether while still getting that all-important charitable deduction (FORVIS) (Schwab Brokerage). It’s a tax-savvy way for the wealthy to make a lasting impact without liquidating assets.
Security, Compliance, and Seamless Giving
We’ve got you covered on the tech side, too. Our platform utilizes advanced swap pipelines and partnerships with trusted brokerages like Fidelity to ensure secure, compliant transfers for crypto, stocks, and everything in between (Schwab Brokerage).
And here’s the real kicker:
We charge zero platform fees.
That’s right – zero. Every penny of every donation goes straight to the cause, maximizing impact.
It’s a New Day for Nonprofits and Donors Alike
The way we give is evolving, and Better Giving is leading the charge. We’re opening up new funding streams for nonprofits while empowering donors to give in ways that align with their financial strategies and values.
So what are you waiting for?
Join the movement and experience a better way to change the world, one donation at a time.
The future of philanthropy is here – let’s embrace it together.
References
- Schwab Charitable. “Benefits of Donating Appreciated Non-Cash Assets to Charity.”
- Fidelity Charitable. “Unlocking Complex Assets: Building Charitable Impact and Legacy.”
- Cointelegraph. “Spreading holiday joy through charitable giving with cryptocurrency.”
- CoinGecko. “2023 Annual Crypto Industry Report.”
- J.P. Morgan. “Selecting the Right Assets to Give to Charity.”
- National Philanthropic Trust: DAF report 2022
- Foundation Source. “Tax Benefits of a Private Foundation.”
- Technavio. “Cryptocurrency Market Analysis – US, China, UK, Germany, Switzerland – Size and Forecast 2024-2028.”
