CASE All Districts Online 2023-Crypto Philanthropy

Video Transcription

Video Summary

The video is a session titled "Crypto Philanthropy" and features three presenters: Rich Horne, Sierra Rosen, and Kyle Blanchette. The session provides an overview of blockchain, cryptocurrencies, and the case for accepting cryptocurrency donations in nonprofit organizations. The presenters discuss the decentralized and immutable nature of blockchain technology and how it can be used to connect and monitor transactions. They also highlight the environmental impact and regulatory concerns surrounding cryptocurrencies.<br /><br />The session explores three ways in which nonprofits can accept cryptocurrency donations. The first is through outright gifts, where the charity opens a specific wallet to receive cryptocurrencies and provides donor acknowledgments based on the net proceeds value. The second is through split interest gifts, where the donor transfers cryptocurrency into a charitable remainder trust, allowing them to avoid tax implications and receive income for life. The third option is for nonprofits that are unable to directly accept cryptocurrency, which involves directing donors to work with community foundations or donor-advised funds to transfer the proceeds to the organization.<br /><br />The presenters also discuss the regulatory landscape of cryptocurrencies and the actions taken by the U.S. Securities and Exchange Commission (SEC) against various companies and coins. They emphasize the importance of compliance with regulations and the need for transparency and trust-building measures in the cryptocurrency industry.<br /><br />Overall, the session provides valuable insights and guidance for nonprofits considering accepting cryptocurrency donations, addressing the technical, legal, and ethical aspects of crypto philanthropy. <br /><br />Note: The transcript of the video has been summarized and edited for clarity. No credits were mentioned in the video.

Asset Caption

CASE Career Level: 3
CASE Competencies: Industry/Sector Expertise

Keywords

Crypto Philanthropy

blockchain

cryptocurrencies

accepting cryptocurrency donations

nonprofit organizations

regulatory concerns

compliance with regulations