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Paper Type

Complete

Paper Number

1160

Description

Several studies believe that cryptocurrency is the future of money, and crypto fundraising is a new way to help nonprofit organizations (NPOs) raise funds. Recently, foundations have started to take cryptocurrency donations. Several third parties have assisted nonprofits in setting up for this type of donation to smooth the new fundraising process. In this qualitative study, in-depth interviews were conducted with five managers of nonprofits that accepted crypto donations in the last seven years. The data were analyzed and coded using NVIVO to classify conceptually similar themes mentioned by the interviewees. This qualitative paper is among the first steps to discussing the pros and cons of crypto donation and explaining essential grounds that a nonprofit should consider when taking crypto donations. The results offer practical implications as understanding these factors can help NPO managers identify potential benefits and risks in the planning, developing, and using crypto donation platforms.

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Aug 10th, 12:00 AM

Nonprofits and decisions to accept cryptocurrency donations: a qualitative study to examine potential opportunities and risks

Several studies believe that cryptocurrency is the future of money, and crypto fundraising is a new way to help nonprofit organizations (NPOs) raise funds. Recently, foundations have started to take cryptocurrency donations. Several third parties have assisted nonprofits in setting up for this type of donation to smooth the new fundraising process. In this qualitative study, in-depth interviews were conducted with five managers of nonprofits that accepted crypto donations in the last seven years. The data were analyzed and coded using NVIVO to classify conceptually similar themes mentioned by the interviewees. This qualitative paper is among the first steps to discussing the pros and cons of crypto donation and explaining essential grounds that a nonprofit should consider when taking crypto donations. The results offer practical implications as understanding these factors can help NPO managers identify potential benefits and risks in the planning, developing, and using crypto donation platforms.

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