BitGive Foundation

The BitGive Foundation is an American nonprofit organization that solicits bitcoin donations for use in charitable causes.[1][2]

BitGive Foundation
TypeNonprofit
Headquarters,
U.S.
Area served
Worldwide
Key people
  • Connie Gallippi (founder & executive director)
  • Rumi Morales (board president)
  • Sandra Ro (board treasurer)
  • Matthew Roszak (board member)
  • Dawn Newton (board member)
  • Paul Lamb (board member)
  • Justin Steffen (board member)
Websitewww.bitgivefoundation.org

Background

BitGive was established by Connie Gallippi in 2013.[3] The organization was the first Bitcoin and Blockchain technology nonprofit.[4] The organization has received 501(c)(3) tax exempt status from the United States Internal Revenue Service.[5][6]

BitGive was founded with the goal of strengthening philanthropic impact globally by using cryptocurrency to make the process faster and more secure.[7] On GiveTrack, nonprofits can post projects and donors can contribute funds. Contributions can be made in bitcoin or in dollars.[8] The platform gives donors financial reporting and project results in real time.[9]

In 2017–2018, BitGive received $1 million from the Pineapple Fund, a philanthropic endeavor by an anonymous donor known as “Pine,” who sought to donate “the majority of [their] bitcoins to charitable causes.”[10]

Partnerships

BitGive has worked with nonprofits globally, including Save the Children[11] and The Water Project.[4]

Leadership

Connie Gallippi is a founder in the cryptocurrency space. In recognition of her work, Gallippi has been recognized on lists of notable women in cryptocurrency from publications, including Glamour,[12] HuffPost,[13] and the FinTech Times,[14] among others.[15][16] She serves on the board of directors for the Sierra Business Council.[17] Gallippi holds a BS in Natural Resource Management from Virginia Tech.[18]

BitGive's board of directors is composed of figures from the blockchain and cryptocurrency space: Rumi Morales (Board President), Sandra Ro (Board Treasurer), Matthew Roszak, Dawn Newton, Paul Lamb, and Justin Steffen. Emeritus board members include: Patrick Murck, Stephen Pair, and Alyse Killeen.[19]

References

  1. Marek, Kiersten (July 27, 2015). "Is Bitcoin a Powerful New Friend to the World's Poor? Some Funders Hope So". Inside Philanthropy.
  2. Rachel Emma Silverman (13 April 2015). "Charities Seek Donations in Bitcoin". The Wall Street Journal.
  3. Danielle Kurtzleben (July 30, 2013). "Group Seeks to Solicit Charitable Donations in Bitcoins". U.S. News & World Report.
  4. Travers, Julia (January 31, 2019). "Giving "Without Friction or Fraud." The First Bitcoin Donation Platform Turns Five". Inside Philanthropy. Retrieved June 8, 2022.
  5. "Sacramento charity may be nation's first bitcoin-based nonprofit". Sacramento Business Journal. 26 August 2014.
  6. "Foundation Based On Bitcoin Wins Nonprofit Status". The NonProfit Times.
  7. "Goodbye Corrupt Charities: Hello Blockchain". HuffPost. 2016-11-25. Retrieved 2022-06-08.
  8. Sidel, Robin (2013-07-30). "Virtual Currency Enthusiasts to Launch Self-Regulatory Group". Wall Street Journal. ISSN 0099-9660. Retrieved 2022-06-08.
  9. "Charities see more crypto donations. Who is benefiting?". AP NEWS. 2021-11-15. Retrieved 2022-06-08.
  10. Schroeder, Stan (December 14, 2017). "Bitcoin tycoon promises to give away $86 million worth of bitcoins to charity". Mashable. Retrieved June 8, 2022.
  11. "How Non-Profits Are Cashing In on the Cryptocurrency Boom". www.vice.com. 9 May 2014. Retrieved 2022-06-08.
  12. Peck, Morgen (2018-04-24). "Cryptocurrency Is Not Just a Boys' Club". Glamour. Retrieved 2022-06-08.
  13. "These 5 Women Are Using Blockchain To Empower Communities". HuffPost. 2018-09-10. Retrieved 2022-06-08.
  14. "Women in the Crypto World - Celebrating the Achievements and Opportunities to Narrow the Gender Gap". The Fintech Times. 2020-09-19. Retrieved 2022-06-08.
  15. "Influential Women in Blockchain". Global Shakers. Retrieved 2022-06-08.
  16. "30 STEM Women to Watch". Global Shakers. Retrieved 2022-06-08.
  17. "Board - Sierra Business Council". Retrieved 2022-06-08.
  18. "Team | BitGive Foundation". www.bitgivefoundation.org. Retrieved 2022-06-08.
  19. "Board of Directors | BitGive Foundation". www.bitgivefoundation.org. Retrieved 2022-06-08.
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