Engiven + Pushpay 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.

+ Why do people donate cryptocurrency? 

The IRS views cryptocurrency as property and donating it can provide massive tax incentives. Most donors' generosity comes from the heart, not only with a willingness to give freely but also to support their favorite charitable organization.  Being a wise steward of their resources, they also seek ways to minimize their tax liability, enabling them to be even more generous.  With cryptocurrency and its historic rise in value, donors can achieve maximum benefit with their donations. For more on this, please visit our article here.

+ How will I receive the donations?

Donors will visit your Pushpay Giving portal and then be redirected to your Crypto giving page (hosted by Engiven). They will then submit their information (if they're not giving anonymously) and complete the transaction by heading to their giving wallet.

Once the transaction is complete, the funds will be liquidated to USD, and the proceeds will be sent via check through USPS. The checks will be issued within the first five business days in the subsequent month of the donation. For example, if someone donates crypto on July 14th, the check will be issued within the first five business days of August.

The checks will be issued by the Player's Philanthropy Fund via the Engiven Foundation.

+ How do I know that the process is secure?

Engiven is the most secure cryptocurrency donation processing software on the market. We were the first, and currently only, SOC II Type 1  certified platform in the industry. You can visit our TOS & Privacy Policy for more information. Our security page can be viewed here.

+ How do I exchange cryptocurrency for US dollars?

The Engiven platform automatically exchanges your cryptocurrency donations for USD at the time of donation.

+ Can I be notified when a donation comes in?

Yes, the email on file will automatically be notified whenever a donation comes in. You can add teammemebrs to the notification list by heading to "Account Settings"  and then scrolling down to "Notification Settings." Add additional emails by separating them with a comma.

+ What is a Donor Advised Fund?

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