Bitcoin is still a long way from reaching the masses, but industry leaders have demonstrated why a surge in adoption is likely in the cards for bitcoin’s future. And with Earth Day around the corner, we wanted to shine a light on bitcoin’s benefits as an efficient donation vehicle for nonprofits. We’ve also included a selection of eco-conscious nonprofits that accept bitcoin donations!
Why accept bitcoin as a nonprofit?
Global accessibility. Anyone in the world with a smartphone can use bitcoin. Whether you’re a nonprofit, or you’re interested in donating to one, you won’t need a bank account to receive or send bitcoin donations.
Transparency. As they occur, every bitcoin transaction is recorded on the block chain, which is transparent and publicly accessible (here’s a transaction to check out yourself). In an industry where transparency can make or break your reputation, the decision to use bitcoin, a donation method that is inherently transparent, can be used as a way to demonstrate your commitment to transparent financials, and ultimately, the cause you work so hard to advocate for.
No third party hassle. Most types of donations require third party involvement in the form of banks and payment processors, which means that a portion of the donor’s contribution is used to pay for any number of third party fees per donation. PayPal, for example, charges verified 501(c)(3) US charities 2.2% (international is 3.7%) per transaction, plus a fixed fee based on the currency. With bitcoin, your funds are sent directly to the nonprofit. The transaction fees used to power the bitcoin network are a fraction of traditional costs (recent averages are around .0007 BTC or $0.88 USD at the time of writing), plus there are no additional or hidden fees.
Eco-conscious nonprofits that accept bitcoin
1) Sea Shepherd Conservation Society
Sea Shepherd Conservation Society (SSCS) is a nonprofit that serves to protect and conserve marine wildlife and its oceanic habitat. Its founder, Paul Watson, was a founding member and director of Greenpeace until leaving in 1977 to establish Sea Shepherd. Their direct-action approach to conservation mean their crew is on the front lines of activism. Current campaigns include Operation Milagro III, where two of their ships will be actively patrolling a refuge area for the critically endangered vaquita porpoise. Another, Operation Jairo, defends endangered sea turtles on the the coasts of Florida, Honduras, and Costa Rica. Donate with bitcoin to help Sea Shepherd protect our oceans.
2) Darwin Animal Doctors
The Galapagos Islands are home to some of the most diverse and unique wildlife on earth. And in recent decades, a rise in the local human population has meant an increase in the number of domestic animals like dogs and cats. This, in turn, increased the need for education, veterinary care, and efforts to protect native wildlife. Darwin Animal Doctors, a platinum level Guidestar Participant, is headquartered in New York and was started in 2010 by Founder Tod Emko. Their mission is to provide free comprehensive veterinary care to the Galapagos animals – both domestic and wild – while preserving the archipelago’s rich biodiversity. DAD have also expanded their efforts to Greenland, Sumatra, Belize, and most recently, Thailand. You can donate bitcoin to DAD here, or by sending donations to this bitcoin address.
Founded in 2013 by Connie Gallippi, BitGive is likely the most well-known charitable organization for advocating the benefits of bitcoin and block chain technology for nonprofits. The nonprofit (which was the first bitcoin-focused charity to be given 501(c)(3) status), aims to support environmental and public health-focused nonprofits by making it easy for them to accept bitcoin and see the benefits first-hand. Their latest big news is the launch of GiveTrack, which uses block chain technology to track donation progress. Help BitGive by making a bitcoin donation here.
4) Greenpeace (via BitPay)
In 2014, environmental nonprofit Greenpeace began accepting bitcoin donations through BitPay. The organization calls attention to environmental abuses and attempts to educate and provide effective solutions to these problems. Current campaigns include: Saving the Arctic, Protecting our Oceans, and Living Toxic-Free. You can donate to Greenpeace with bitcoin here.
5) Art for Evolution
Community-focused eco-art and the creation of Land Art Parks are what Art for Evolution uses to raise environmental awareness. The nonprofit was founded by Analia Bordenave, became a 501(c)(3) in 2014 and is a Gold Level Guidestar participant. Their flagship project, Green on Gray, is designed to help participants recognize and replace harmful habits with more eco-friendly alternatives. Art for Evolution also promotes bitcoin as a greener solution, and cites work from Chartered Engineer and MBA graduate Hass McCook, which takes a closer look at the economic and environmental impacts of bitcoin mining compared to traditional banking, and the production of gold and physical currencies. To donate bitcoin to Art for Evolution, click here.
Thanks for checking out the ways bitcoin can help you make a positive impact this Earth Day. Did we miss an eco-friendly nonprofit? Let us know!