Crypto donations to charity are booming. What to know before making a year-end gift

Cryptocurrency donations to charity are booming, with gifts still rolling in as the calendar winds down.

There was a 583% increase in digital asset donations in 2021 compared to 2020 on Crypto Giving Tuesday, a campaign started by The Giving Block, a crypto donation and fundraising platform for nonprofits and individuals.    

On Crypto Giving Tuesday 2021, the Washington, D.C.-based company processed $2.4 million in gifts, with an average donation of $12,600, according to the company, and giving has continued into the holiday season. 

“That day has inspired hundreds of conversations with high-net-worth donors, companies and projects that want to make gifts,” said Pat Duffy, co-founder of The Giving Block.