Fidelity’s Charity Arm Raised $7 Million in Bitcoin Donations in 2016

Fidelity’s Charity Arm Raised $7 Million in Bitcoin Donations in 2016
February 3, 2017 5:35 AM | By Jit Sutradhar News
Fidelity Charitable, the public charity arm of mutual fund giant Fidelity Investments, raised $7m in bitcoin donations last year.
The organization launched the donation option in November 2015, enabling contributions from customers by way of their donor-advised funds. Fidelity Charitable has utilized Coinbase as a payment processor to handle bitcoin-to-dollar conversions.
New statements from Fidelity Charitable indicate that those efforts have paid off.
The organization said today:
“To support strategic giving and as part of a broader expansion in November 2015, Fidelity Charitable began accepting bitcoin, resulting in an unprecedented $7 million in contributions in 2016 made from donors across the country. These donors were able to maximize their contributions with Fidelity Charitable efficiently monetizing the bitcoin for grant-making.”
While the organization didn’t go into further detail, the results seem to confirm hopes that the bitcoin option would spur new methods of donating. When the option was launched in 2015, Fidelity Charitable senior vice president Matt Nash positioned the move as another way to engage with the group’s network of 100,000 donors.
“Enabling donors to contribute bitcoin to their donor-advised funds is the latest example of Fidelity Charitable’s commitment to making it as easy as possible for donors to support the charities they care about with the assets at their disposal,” he said at the time.
Article Source: http://www.coindesk.com
Related Posts
Former S&P President Leads Seed Round for ICO Compliance Startup
Regtech and compliance startup iComply has just completed a seed funding round led by former Standard and Poor’s president Deven …
August 14, 2018 7:10 am | Jit Sutradhar
Drivechain Developers Hold First Meeting on Future of Sidechains Project
While other sidechain proposals seem to be running into hurdles, Drivechain is shifting into gear. The disparate open-source developer group …
August 24, 2017 1:00 pm | Jit Sutradhar
Sell and Short: Bitcoin Traders Are Preparing for a Possible Fork
Traders are reducing their exposure to bitcoin ahead of what they say is the increasing likelihood that its network could …
March 21, 2017 8:42 pm | Jit Sutradhar
Bitcoin Prices Pass $4,000 for the First Time
The continuing surge in the price of bitcoin has seen it climb to over $4,000 for the first time since …
August 13, 2017 1:29 pm | Jit Sutradhar
Comments (545)
Write a Reply or Comment Cancel reply
You must be logged in to post a comment.
Recent Releases
- Maker’s MKR Crypto Outperforms in February with 37% Gains
February 16, 2019 4:11 PM | By Jit Sutradhar
- Metrics May Point to Ether Being Undervalued
February 16, 2019 10:00 AM | By Jit Sutradhar
- tZERO Is Live, But Volume Is Light and Its Token’s Price Is Down Sharply
February 15, 2019 7:27 PM | By Jit Sutradhar
- NYSE Arca Filing Kicks Off Countdown for New Bitcoin ETF
February 15, 2019 3:26 PM | By Jit Sutradhar
Features
-
Maker’s MKR Crypto Outperforms in February with 37% Gains
-
Metrics May Point to Ether Being Undervalued
-
tZERO Is Live, But Volume Is Light and Its Token’s Price Is Down Sharply
-
NYSE Arca Filing Kicks Off Countdown for New Bitcoin ETF
-
‘Make Bitcoin Fun Again’: New Lightning App Lets You Buy Pizza With BTC
It’s awesome for me to have a site, which is helpful designed for my knowledge.
thanks admin
I am regular visitor, how are you everybody? This piece of writing posted at this
website is actually pleasant.
Simply as we teetered on thhe point of national suicide in oour last-likelihood saloon, an opportunity for national redemption seems to have fallen at
our toes. A nationwide epiphany sedond that mayy nicely change
the course of oour history if onloy we aare able to all act collectively,
seize this chance collectively to act as an enlightenedd whole.
If we do that right, we are able to make Britain Nice again.
Glad to be one of many visitants on this awe
inspiring website :D.
Fine way of explaining, and pleasant article to obtain information regarding my presentation subject matter, which i am going to convey
in academy.