BitGive Foundation explained

BitGive Foundation
Type:Nonprofit
Hq Location City:Truckee, California
Hq Location Country:U.S.
Area Served:Worldwide

The BitGive Foundation is an American nonprofit organization that solicits bitcoin donations for use in charitable causes.[1] [2]

Background

BitGive was established by Connie Gallippi in 2013.[3] The organization was the first Bitcoin and Blockchain technology nonprofit.[4] The organization has received 501(c)(3) tax exempt status from the United States Internal Revenue Service.[5] [6]

BitGive was founded with the goal of strengthening philanthropic impact globally by using cryptocurrency to make the process faster and more secure.[7] On GiveTrack, nonprofits can post projects and donors can contribute funds. Contributions can be made in bitcoin or in dollars.[8] The platform gives donors financial reporting and project results in real time.[9]

In 2017–2018, BitGive received $1 million from the Pineapple Fund, a philanthropic endeavor by an anonymous donor known as “Pine,” who sought to donate “the majority of [their] bitcoins to charitable causes.”[10]

Partnerships

BitGive has worked with nonprofits globally, including Save the Children[11] and The Water Project.

Leadership

Connie Gallippi is a founder in the cryptocurrency space. In recognition of her work, Gallippi has been recognized on lists of notable women in cryptocurrency from publications, including Glamour,[12] HuffPost,[13] and the FinTech Times,[14] among others.[15] [16] She serves on the board of directors for the Sierra Business Council.[17] Gallippi holds a BS in Natural Resource Management from Virginia Tech.[18]

BitGive's board of directors is composed of figures from the blockchain and cryptocurrency space: Rumi Morales (Board President), Sandra Ro (Board Treasurer), Matthew Roszak, Dawn Newton, Paul Lamb, and Justin Steffen. Emeritus board members include: Patrick Murck, Stephen Pair, and Alyse Killeen.[19]

Notes and References

  1. Web site: Is Bitcoin a Powerful New Friend to the World's Poor? Some Funders Hope So. Inside Philanthropy. Marek. Kiersten. July 27, 2015.
  2. Web site: Charities Seek Donations in Bitcoin. Rachel Emma Silverman. 13 April 2015. The Wall Street Journal.
  3. Web site: Group Seeks to Solicit Charitable Donations in Bitcoins. Danielle Kurtzleben. U.S. News & World Report. July 30, 2013.
  4. News: Travers . Julia . January 31, 2019 . Giving "Without Friction or Fraud." The First Bitcoin Donation Platform Turns Five . Inside Philanthropy . June 8, 2022.
  5. Web site: Sacramento charity may be nation's first bitcoin-based nonprofit. 26 August 2014. Sacramento Business Journal.
  6. Web site: Foundation Based On Bitcoin Wins Nonprofit Status. The NonProfit Times.
  7. Web site: 2016-11-25 . Goodbye Corrupt Charities: Hello Blockchain . 2022-06-08 . HuffPost . en.
  8. News: Sidel . Robin . 2013-07-30 . Virtual Currency Enthusiasts to Launch Self-Regulatory Group . en-US . Wall Street Journal . 2022-06-08 . 0099-9660.
  9. Web site: 2021-11-15 . Charities see more crypto donations. Who is benefiting? . 2022-06-08 . AP NEWS . en.
  10. News: Schroeder . Stan . December 14, 2017 . Bitcoin tycoon promises to give away $86 million worth of bitcoins to charity . Mashable . June 8, 2022.
  11. Web site: How Non-Profits Are Cashing In on the Cryptocurrency Boom . 2022-06-08 . www.vice.com . 9 May 2014 . en.
  12. Web site: Peck . Morgen . 2018-04-24 . Cryptocurrency Is Not Just a Boys' Club . 2022-06-08 . Glamour . en-US.
  13. Web site: 2018-09-10 . These 5 Women Are Using Blockchain To Empower Communities . 2022-06-08 . HuffPost . en.
  14. Web site: 2020-09-19 . Women in the Crypto World - Celebrating the Achievements and Opportunities to Narrow the Gender Gap . 2022-06-08 . The Fintech Times . en-GB.
  15. Web site: Influential Women in Blockchain . 2022-06-08 . Global Shakers . en-US.
  16. Web site: 30 STEM Women to Watch . 2022-06-08 . Global Shakers . en-US.
  17. Web site: Board - Sierra Business Council . 2022-06-08 . en-US.
  18. Web site: Team BitGive Foundation . 2022-06-08 . www.bitgivefoundation.org.
  19. Web site: Board of Directors BitGive Foundation . 2022-06-08 . www.bitgivefoundation.org.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "BitGive Foundation".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.