Givepact facilitates charitable giving by enabling donors to contribute over 30 cryptocurrencies directly to any U.S. nonprofit organization. The platform converts crypto donations to USD for nonprofits while providing donors with tax receipts and proof-of-donation NFTs. An integrated API allows partners to embed seamless crypto donation functionality directly into their Web3 applications.
Funding
$50K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many nonprofits face challenges in accessing and utilizing cryptocurrency donations due to technical complexities, regulatory hurdles, and the need for immediate conversion to fiat currency. This limits their ability to tap into the growing pool of crypto wealth for charitable giving.
Solution
Givepact provides a platform that facilitates crypto donations to over 500,000 U.S. nonprofits, converting digital assets into USD for direct deposit or check disbursement. The platform offers donors a seamless experience, enabling them to donate 30+ cryptocurrencies and receive immediate tax receipts issued on behalf of the Givepact Charitable Foundation. Givepact also offers donor-advised funds (DAFs) to allow donors to donate appreciated crypto, avoid capital gains taxes, and deduct the fair market value of the donation. Nonprofits benefit from a streamlined onboarding process, donor pre-screening, and the ability to receive cash donations without managing crypto wallets or exchanges. Givepact's API allows developers to integrate crypto donations into their products, protocols, and tokenomics.
Target Audience
Givepact targets U.S. nonprofits seeking to expand their fundraising capabilities by accepting cryptocurrency donations, as well as crypto-savvy donors looking for a seamless and tax-efficient way to support their favorite causes. The platform also caters to Web3 developers looking to integrate charitable giving into their applications.
Features
- Supports donations in 30+ cryptocurrencies, including Bitcoin, Ethereum, and USDC
- Automated conversion of cryptocurrency donations to USD
- Direct deposit or check disbursement to U.S. nonprofit organizations
- Issuance of tax-deductible donation receipts on behalf of the Givepact Charitable Foundation
- Donor-advised funds (DAFs) for tax-advantaged crypto donations
- API for developers to integrate crypto donations into Web3 applications
- Donor pre-screening to ensure secure and compliant transactions
- Platform splits donations with 95% going to the nonprofit, 4% to Givepact, INC, and 1% to the Givepact DAO Treasury