Demystifying Crypto Philanthropy

Engiven has developed video content and downloadable resources to help you navigate the new frontiers of cryptocurrency

Watch The Videos

Engiven makes accepting cryptocurrency donations simple but the technology behind it can be difficult to understand. We've put together videos for you to help you understand the basics of crypto philanthropy and it's power to transform you organization's fundraising efforts.

Download The 90 Days To Success - Communication & Launch Guide 🚀

This guide will help you communicate that you now accept cryptocurrency donations. It also serves as a guide to help you launch your next big fundraising push. We offer three different formats for different types of organizations.

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FAQs

+ What is cryptocurrency?

Cryptocurrency, also known as Virtual Currency or “Crypto,” is a digital asset designed to function as a replacement for fiat (US Dollars, for example) whereby transactions between two parties are verified through a public, distributed ledger, also known as a blockchain. Most people think of Bitcoin when they hear the word “Crypto.” While Bitcoin was the first cryptocurrency introduced, there are thousands of unique cryptocurrencies in circulation, each with its own specific properties and values. Learn more at: https://en.wikipedia.org/wiki/Cryptocurrency

+ Which cryptocurrencies can my nonprofit accept?

Once your nonprofit is on the Engiven platform, you are able receive over 95 different cryptocurrency tokens. For a complete list, click here.

+ How does Engiven’s custody (hold crypto) service work?

Engiven Custody enables Premium users to create designated giving funds where donated crypto is held, not exchanged. When a donor chooses this fund from the giving page, the donated cryptocurrency is deposited into a custody account and held. When the nonprofit wishes to exchange the held crypto for USD, they have this functionality by using their Engiven dashboard (custody to exchange fees apply).

+ What are the fees for Engiven’s custody service?

All donations that are deposited into a custody account will be charged a 1.5% fee at the time of deposit. When these funds are exchanged for USD, there will be an additional 1.5% fee for the exchange and a $125 fee assessed by our custody partner, Gemini Trust, LLC each time a crypto asset is moved from cold storage and exchanged for USD. Additionally, Gemini will assess a .04% annual fee on the assets held in custody (assessed monthly in the native assets held).

+ How do I use the Engiven platform?

Use the quick and simple sign up form at Engiven.com. Once signed up, verify your organization, create a fund such as “general giving,” create a giving widget/button, and embed the giving widget/button on your website. Once the giving widget/button is active, your nonprofit can begin receiving cryptocurrency donations. Once donations are received, they are automatically converted to fiat currency (USD). For nonprofits who import existing wallets, they can use our advanced liquidation features.

+ How do I exchange cryptocurrency for US dollars?

The Engiven platform automatically exchanges your cryptocurrency donations for USD at the time of donation. Alternatively, you may import an existing wallet via our “advanced features,” and liquidate cryptocurrency donations manually.

+ What does Engiven’s Standard product offer?

Engiven Standard provides everything your nonprofit needs to accept and exchange cryptocurrency donations without any set up fee or monthly fee. Engiven Standard includes:
• Giving widget with your logo
• Ability to accept 95+ cryptocurrencies
• One designated giving fund such as “General Giving”
• Automated donation receipts for donors
• Automated exchange for USD• Fast deposits into your local bank account
• Email notifications for every donation
• Engiven dashboard with full transparency reporting on donations
• Multi-user administration
• Email based support
• No set up fee or monthly fee
• 4% service fee on gifts received

+ What does Engiven’s Premium product offer?

Engiven Premium provides everything your nonprofit needs to accept and exchange cryptocurrency donations with increased functionality for nonprofits that benefit from more advanced features and functionality. Engiven Premium includes:
• Customized giving page and/or embedded giving form
• Unlimited designated giving funds
• Unlimited giving widgets
• Custody service option (hold crypto in cold storage)
• Automated tax form generation and workflow (8282 & 8283)
• Ability to accept 95+ cryptocurrencies
• Automated donation receipts for donors
• Automated exchange for USD
• Fast deposits into your local bank account
• Email notifications for every donation
• Engiven dashboard with full transparency reporting on donations
• Multi-user administration
• Email and live support
• 3% service fee on gifts exchanged for USD
• $1,500 annually or $150 monthly