This document discusses how nonprofits can explore cryptocurrency fundraising opportunities. It covers how major gift demographics are changing with more millennial donors and appreciated assets like cryptocurrency. It recommends adapting donor relations to accept cryptocurrency gifts through secure third parties. The document defines cryptocurrency and blockchain technology, discusses targeting existing crypto donors, and reviews options for crypto fundraising through self-custody, exchanges, or donation platforms. The overall message is that nonprofits can tap into cryptocurrency donors by implementing a professional and secure acceptance solution.
2. Presenter Backgrounds
Energetic, efficient staff located
across the US
Conducted over 80 capital
campaign planning studies
Helped clients raise over $200M
Carlyn Schulzke, Consultant and
Systems and Information Director
Matt Hayes, Co-Founder and COO
Dedicated to crypto-enabling the
NPO community
Focused on providing safe, simple,
and secure solution
Leadership with strong history of
developing tech solution for NPOs
3. Agenda and Learning Objectives
Changes in major gift ($25K+) demographics
Adaptations in donor relations
Learn about Crypto donors and Crypto fundraising resources
Understand how your nonprofit can accept Crypto in safe, simple and secure
environments
4. Major-gift Demographic Changes
Pareto Principle is getting more pronounced
80/20 to 85/15 or greater
Appreciated assets becoming more common major-gift resource
Stocks, bonds, land and… crypto!
Major-gift prospects stretching down into Millennials (1981-2000)
They are making up a larger percentage of workforce and wealth
Grew up with computers and 24/7 worldview
Crypto owners span generations
https://www.forbes.com/sites/forbesnonprofitcouncil/2021/06/18/how-american-philanthropy-is-rapidly-changing-
and-how-npos-can-prepare
5. Adapt Donor Relations
Expand your cultivation toolkit
Trust remains central
Build relationships with the donor and/or their advisors and managers
Accept that solicitations may occur via a third party
Thorough and transparent information
Convenient pathways that are simple, safe and secure
6. What does a bitcoin look like?
…and other questions you were afraid to ask.
Demystifying the Vernacular
Bitcoin is a Cryptocurrency.
Cryptocurrency is a Blockchain
technology.
8. Bitcoin
• The first and largest cryptocurrency.
• Invented / deployed in 2009 by an anonymous person or persons named Satoshi
Nakamoto.
• In 2010 the first transaction goods were purchased using BTC.
• Overall supply limited to 21M BTC.
• Last BTC will be minted in 2140.
9. Other Cryptocurrency
Cryptocurrency is a fungible, digital asset that acts as a store of value and a medium of
exchange. Definitive ownership records are stored on a blockchain based ledger.
10. Crypto Donors
Are they unicorns or do they live among us?
Average donation on the Engiven platform is >$5,000
Average number of gifts per month for active non-profits is <2
Demographic Data – Gemini 2021 Study
14% of US population owns crypto
74% are men
The “average” cryptocurrency owner is a 38-year-old male making approximately
$111k a year.
11. Targeting Crypto Donors
Who already exists within your database?
How do you target them?
Why are they becoming philanthropic?
Tax Advantage based on IRS classification of crypto as property.
12. Crypto fundraising
Choose a methodology
Self Custody via Hardware (Trezor, Ledger, etc)
Security and safety is responsibility of organization
Can be ‘lost’ / Can’t be ‘hacked’
No donor management or receipting
High degree of crypto savvy needed. Wallet is a ‘bearer’ instrument.
Direct Exchange (Coinbase, Kraken, etc)
Low fees
No donor management or receipting
Can take months to establish account
High degree of crypto savvy needed as well as board approved asset management policy
SaaS Solution (Engiven, etc)
Donor management platform
Instant USD
Fees
13. Crypto Fundraising
Same song, different tune
Define and implement a professional solution
Communicate that you have a simple, safe, and secure opportunity
Do the basic blocking and tackling of development
Crypto is not a magic bullet but can be new stream of revenue