Why You Should Donate to Long Tail Charities Charities are not all equal. Some are big and well-known, with large donor bases and marketing budgets. Others are small and obscure, with limited resources and visibility. These are the long tail charities, and they deserve your attention and support. What are long tail charities? The term […]
In the realm of philanthropy, charities of all sizes strive to make a meaningful and lasting impact. While the primary focus often lies on fundraising and immediate needs, it is crucial for charities, even small ones, to consider the long-term stability and sustainability of their operations. Those immediate needs often get in the way of […]
How The Space Ape Society’s NFT community is revolutionizing giving and transforming lives with Angel Giving charitable donations. The Space Ape Society (TSAS) and their subcommunities, Crowned Space Apes (CSA) and Space Ape Cowboyz, have shown the power of the NFT space by using their project and community to create life-changing impact. As an essential […]
It isn’t just the crypto world that needs financial security. Every charity will have heard of examples of financial mismanagement that go way back in time, and scammers try it on all the time. Fortunately, no charity in the Angel Giving world has lost funds in this way. But thieves will always keep trying. So, […]
Charles Handy, the renowned management philosopher and well-known for the ‘Sigmoid Curve’ principle, once said, “The key to future success is to have the foresight and discipline to see the opportunities in what you are doing in the present cycle and then to make your moves while things are going well. If you act too […]
The Angel Giving 10-point plan: We believe that donors want to see just what is done with their hard-earned donation. For crypto donors, they definitely want more to be done with their crypto donation than just have it exchanged into fiat currency such as dollars or pounds. After all, they often believe cryptocurrencies and blockchain […]
Angel Protocol launched in 2021. Since then, more than 160 nonprofits have benefitted to the tune of over $2.5m and as we launch Angel Giving, our hope is for a future where simplicity is key. Where donors and nonprofits build a longer, more engaged relationship and where endowments reduce the strain of building a long term financial […]
What are Blockchain transaction fees? These are a small amount of cryptocurrency that is required to be paid to the network in order for a transaction to be processed and confirmed. These fees are necessary to prevent spam and ensure that the network is able to process transactions in a timely manner. One example of […]
Blockchain giving and surveillance philanthropy: Challenges and opportunities Blockchain technology is reshaping the way nonprofits conduct business. Blockchain participants represent a new donor pool that could prove attractive as a potential revenue source. According to a Fidelity survey, 45 percent of cryptocurrency investors donated $1,000 or more to charity in 2020—compared to 33 percent of […]
We have some news from the front line in Ukraine. Third Wave Volunteers are one of the charities benefitting from donations made earlier this year. The following, sent over a few days, can now be released as it is less sensitive than at the actual time. “We were with a local mayor who was captured […]
We know that the last few months have been difficult for everyone who inhabits the world of Web 3.0. We have found in you an altruistic community that believes in the possibility of a better tomorrow. That has been our principal motivation to continue building. We can assure you that there has not been a […]
Many charities continue to face fundraising challenges as the pandemic creates seismic shifts in the landscape. Public interest in in-person fundraising activities and volunteerism remains depressed. Nearly all charitable organizations in CAF America’s study said the pandemic negatively impacted them, and ~74% are pivoting efforts to digital fundraising. Furthermore, smaller charities seem to have been […]
Many charities continue to face fundraising challenges as the pandemic creates seismic shifts in the landscape. Public interest in in-person fundraising activities and volunteerism remains depressed. Nearly all charitable organizations in CAF America’s study said the pandemic negatively impacted them, and ~74% are pivoting efforts to digital fundraising. Furthermore, smaller charities seem to have been disproportionately affected by the pandemic given their limited resources.
Consequently, some charities have been looking at new fundraising opportunities in light of the changing environment. One of the markets that have shown tremendous promise is the crypto community. Crypto investors have not only done incredibly well but there’s evidence to suggest the demographic is quite philanthropic as well.
We at Angel Protocol have seen the charitable nature of the crypto community first-hand. Our recent focused fundraising campaign, “Restore Earth,” raised over $1.5 million from crypto donors to tackle climate change issues. And the formation of the Angel Alliance this past year has demonstrated that corporate social responsibility (CSR) is a well known concept amongst crypto & NFT projects.
Crypto Community and philanthropy
Cryptocurrency philanthropy is still relatively new, but the growth has been massive. “The Giving Block,” a crypto donation solution, raised $100 million in 2021; and expects to raise more than $1 billion this year. According to its co-founder Alex Wilson, a projected ten-fold increase in one year.
Moreover, a recent CNBC survey revealed that a large portion (83%) of Millennial millionaires own crypto investments. The results are consistent with Fidelity’s survey, which suggests nearly half of Millennials believe Crypto is a wise investment compared to only 6% for baby boomers.
Better yet, Fidelity’s “Cryptocurrency and Philanthropy” report indicates Millenials are also a socially conscious generation with a propensity to give. Of those surveyed, 88% of Millennials indicated that “Charitable giving is a significant or important part of their life.” compared to Gen X (77%) And Baby Boomer (69%).
Our experience at Angel Protocol reaffirms these beliefs. The success of our recent sustainability campaign, “Restore Earth,” is a testament to the crypto community’s charitable nature. “Restore Earth,” which ran between Nov 30th through Dec 31st, raised over $1.5 Million in Crypto and UST stablecoin donations from 2,000+ individual crypto donors. Money that’s going toward funding Global Brigade’s reforestation campaign, SELF’s initiative to offset carbon with renewable energy, and 5 Gyres to reduce ocean plastic. The funds will be deposited in the charity’s respective endowment accounts, providing a reliable, perpetually growing funding source for decades to come.
But the charitable nature of the crypto community extends beyond individual crypto investors. We have seen crypto protocols, validators, and NFT projects commit voluntarily to a triple bottom line (TBL) approach.
One of the most incredible developments for us last year was the formation of the Angel Alliance. In April 2021, Apollo DAO, a Terra-based yield aggregator, proposed to donate 1% of its revenue to Angel Protocol. The act of generosity created a ripple effect within the Terra community. Soon after, LOOP Finance announced it would stake 10% of their tokens in the LOOP Charitable Fund, with yields going to Angel’s charities.
Today the Angel Alliance consists of 80 members contributing over $400,000 to charity every month! With our recent cross-chain expansion with partners like Olympus DAO and PleasrDAO joining the ranks, we expect the Angel Alliance to continue growing in the coming year.
But this is just the beginning. Between contributions from the Angel Alliance, Angel validator stakers, crypto donors, and the HALO token sale, Angel Protocol has raised over $5M to date for charities.
By the Numbers:
The different campaigns have raised contributions as follows
While fundraising continues to be one of the biggest challenges for charities, we believe crypto investors and projects present a new and largely untapped opportunity for charity fundraising. And we are incredibly excited for the new year, with our public-facing platform is launching later this month.
We hope you will join us in this journey to put sustainable influence-free money in the hands of charities tackling society’s biggest problems.
Individually, we are a drop, Together we are an Ocean.
Many thanks to author:
Brandon Twitter — @CryptoCents
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