BitGive is launching its inaugural fundraising campaign after obtaining 501 (c) (3) status from the IRS as a tax-exempt nonprofit organization.
BitGive is spearheaded by BitPay and supported by Xapo, LibraTax, Roger Ver and others.
BitGive’s Board of Directors includes Stephen Pair co-founder and CEO of BitPay; Patrick Murck, legal counsel at the Bitcoin Foundation; Madeline Finch, a former Administrative Officer of a community foundation; Curtis Alling, Principal and CEO at Ascent Environmental; and Karsten Behrend, Chief Compliance Officer at Xapo.
BitGive enlisted the help of Perkins Coie, LLP, also a contributor to its projects, for approval.
BitGive’s previous projects include:
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– $4850 raised in one day for Save the Children for Philippines Typhoon Haiyan Children’s Relief Fund.
– 1 BTC raised for Team Rubicon, a nonprofit organization deploying veterans for Tornado Relief across the mid-west US.
Currently, they are partnering with The Water Project, seeking to raise $10,000 in BTC for clean, safe water in sub-Saharan Africa. The campaign has reached 75% of its goal.
Connie Gallippi, Executive Director of BitGive, says that the nonprofit approval was the first key step, and now the organization can focus on establishing a multi-million dollar investment fund for sustainable long-term operations.
The combined attributes of approved nonprofit status, the ability to crowdfund and make quick donations over the web is rarity and has the potential to sway prospective contributors looking for a reputable and seamless channels to donate.