Key Takeaways
- Unchained introduces Bitcoin-native donor-advised funds.
- Donations stay in Bitcoin to avoid conversion fees.
- Over $2 billion in Bitcoin donations have been made since 2017.
Unchained, a leader in Bitcoin financial services, has partnered with University Impact (UI) to launch a pioneering Bitcoin-native donor-advised fund (DAF) aimed at revolutionizing charitable giving.
This new solution allows donations to remain in Bitcoin throughout the entire process, eliminating conversion fees and ensuring charities receive the full value of contributions.
This unique approach provides donors with the ability to give Bitcoin directly to organizations that accept it or hold the funds tax-free for charities that do not.
Joe Kelly, CEO of Unchained, stated:
By harnessing the power of Bitcoin for charitable donations, we’re not only maximizing the financial benefits for donors but also amplifying the impact they can make on the causes they care about.
Bitcoin donations for philanthropy have surged globally, with over $2 billion donated since 2017.
Unchained and UI’s innovative DAF offers a tax-efficient, secure, and transparent way to give, leveraging Unchained’s multi-signature vaults for on-chain verification.
Organizations such as Save the Children and the Human Rights Foundation are among those set to benefit.
