Overview
What is Bitcoin Gives Foundation?
Bitcoin Gives Foundation is a philanthropic organization based in New York City, specifically at One Vanderbilt Avenue in the 65th floor. Their primary mission is to accept Bitcoin donations and channel these funds to various charitable causes through donor-advised funds and other authorized charitable activities. In 2022, they distributed grants for various charitable activities through various donor-advised funds. The Foundation supports a wide range of charitable initiatives, demonstrating its commitment to using digital currency for philanthropic purposes.
Is Bitcoin Gives Foundation legitimate?
Bitcoin Gives Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bitcoin Gives Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Bitcoin Gives Foundation?
The Bitcoin Gives Foundation is a philanthropic organization with a focus on accepting Bitcoin donations and facilitating grants to charities. Their mission involves utilizing donor-advised funds and other authorized charitable activities. During 2022, the Foundation distributed grants through various donor-advised funds, supporting various charitable activities. This organization serves as a bridge between Bitcoin donors and the charities they wish to support.
Who is the CEO of Bitcoin Gives Foundation?
Richard Hoffman is the Director And President of Bitcoin Gives Foundation.
What is the revenue of Bitcoin Gives Foundation?
Bitcoin Gives Foundation's revenue in 2022 was -$198,498.
Who are the executives of Bitcoin Gives Foundation and what are their salaries?
There 3 volunteers at Bitcoin Gives Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bitcoin Gives Foundation?
Bitcoin Gives Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bitcoin Gives Foundation
Bitcoin Gives Foundation serves as a philanthropic organization, with a unique focus on accepting Bitcoin donations and facilitating grants to charities. By leveraging Bitcoin, this organization opens up new avenues for charitable contributions. Utilizing donor-advised funds and other authorized charitable activities, Bitcoin Gives Foundation acts as a bridge between cryptocurrency enthusiasts and deserving charities.
During 2022, Bitcoin Gives Foundation demonstrated its commitment to its mission by distributing grants through various donor-advised funds. These funds supported a variety of charitable activities, showcasing the organization's ability to channel digital funds into tangible social impact. By accepting and managing Bitcoin donations, Bitcoin Gives Foundation plays a significant role in tapping into the growing crypto community, thereby amplifying the reach and impact of charitable efforts.
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Impact
October, 2024
Bitcoin Gives Foundation has made significant strides in the realm of philanthropy by facilitating donations in Bitcoin and directing those funds to various charitable causes. Throughout 2022, the foundation channeled resources through donor-advised funds to make impactful grants aimed at supporting diverse charitable activities. Based in New York, the foundation focuses on enhancing the efficiency and accessibility of charitable giving by leveraging cryptocurrency, thus broadening the scope of potential donors and the types of support available to nonprofits. By accepting Bitcoin, it fosters a modern approach to philanthropy that aligns with technological advancements, encouraging a new generation of donors to contribute to meaningful causes.
This information is meant to be a general summary of Bitcoin Gives Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$340,742
- Gross Receipts: $631,764
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2018
Phone
(212) 433-4400Principal Officer
Richard Hoffman
Main Address
ONE VANDERBILT AVENUE 65TH FL, NEW YORK, NY, 10017
NTEE Category
Code: T30 - Philanthropy
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