By Emilie Thell, CPA, Manager, Assurance & Advisory
Following the onset of the COVID-19 pandemic, contributions to nonprofits have continued to reach record levels year-over-year. Considering the increasing popularity of crypto, it’s not surprising that nonprofits are seeing an increase in crypto contributions as well.
Fidelity Charitable reports they accepted more than $330 million in contributed crypto for philanthropic giving in 2021, up from $28 million in 2020, and crypto accounted for 66% of their contributions during the year. The Giving Block reports accepting almost $70 million in contributed crypto in 2021 compared to just $4 million in 2020. (more…)