Nonprofits can be challenging to understand; their structures are unique, and their processes foreign … but come on, you’re a DAO! Here’s a quick guide to engaging nonprofits and supporting causes close to your group’s heart.

The Life You Can Save was founded on the principles of Effective Altruism and focuses on helping the 700 million people who live below the international poverty line of around $2 per day, as donations to evidence-based programs serving this demographic can have extraordinary bang-for-the-buck.

Since the first reported gift in 2017–5057 Bitcoin from Pine–crypto and NFT donations have soared, highlighting the potential for a new type of philanthropy and philanthropist. Unlike traditional gifting, large crypto donations often come anonymously, with groups favoring impact alone vs. impact-and-publicity. 

A Cause Fund is a way for you as a donor to make a single donation of your crypto asset of choice and simultaneously donate to several charities, all working effectively on a similar issue.

All donations are split evenly, leveling the playing field for nonprofits big and small. We’ve launched funds for animal welfare, reproductive rights, environmental conservation, Ukraine relief, and many others.

To make it easier for donors to give and simpler for nonprofits to accept crypto. That’s it, really.

Crypto for Charity was built by FreeWill–and our company mission has always been similarly simple. Crypto giving is the natural next step, and we’re tipping it to be one of the biggest moments for philanthropy yet.

If you’re a crypto holder–in for the long run–then you should know about “cost basis.” It’s the value the IRS uses to calculate the income you’ve gained or lost when you dispose of your crypto holdings, and thereby determine your tax treatment (sale price minus cost basis).