For Immediate Release
Just in time for giving season, Classy launches three cause-specific giving funds to raise money via cryptocurrency for a variety of nonprofit organizations
SAN DIEGO, Nov. 18, 2021 – Classy, a giving platform that enables nonprofits to connect supporters with the causes they care about, has partnered with Coinbase Commerce and The San Diego Foundation to launch three Crypto Giving Funds, making it easier for cryptocurrency holders to donate to nonprofits. Donors who wish to make tax-deductible crypto donations can choose from funds that benefit a variety of nonprofits in the food relief, health, and community support sectors.
The cryptocurrency market is now worth over $3 trillion, yet it’s estimated that only a few hundred nonprofits are accepting crypto as a donation method. As Classy works to expand the ways nonprofits can tap into new technologies to improve their funding, its Crypto Giving Funds will serve as a way to give nonprofits an easy entry point into the crypto market before Classy launches its own in-house offering next year.
“Nonprofits need to build relationships within the crypto community, which is full of young philanthropists looking for ways to make a difference,” says Chris Himes, Classy’s CEO. “Crypto is the first form of money that’s ever existed entirely online, and it needs to play a more prominent role in funding social and environmental progress. The tax advantages of donating an appreciated asset can be tremendous, so connecting the crypto community with the social sector is a high priority for Classy.”
Donors can choose to give to a fund managed by The San Diego Foundation that benefits a variety of impactful organizations in three categories:
To make a donation in cryptocurrency to one of the cause-specific funds, visit https://www.classy.org/crypto-donations/. To read more about the tax benefits of cryptocurrency donations, visit the Classy blog.
Classy is a B Corp Certified Public Benefit Corporation and giving platform that enables nonprofits to connect supporters with the causes they care about. Based in San Diego, CA and trusted by thousands of nonprofits, from the fastest-growing nonprofits to some of the world’s largest social organizations, Classy’s platform provides the formats and flexibility to activate donors when and how they need to by creating more relevant connections to their causes. Since 2011, Classy has helped nonprofits mobilize and empower the world for good by helping them raise over $3 billion on its platform. Classy also hosts the Collaborative conference and the Classy Awards to spotlight the innovative work nonprofits are implementing around the globe. For more information, visit www.classy.org.
On August 9, 2022, we awarded $838,704 in Opening the Outdoors grants to 24 nonprofit organizations that offer equitable access to outdoor spaces in San Diego County.
“San Diego Foundation is proud to once again support its partners committed to increasing community-driven efforts to enhance accessible outdoor space, encourage youth to learn more through hands-on education and create the next generation of environmental stewards in the San Diego region,” said Christiana DeBenedict, SDF Director of Environment Initiatives.
This year’s grantees will help address these inequities and enhance access to the outdoors throughout San Diego County.
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