Using Cryptocurrency to Fight Extreme Poverty

 

TGBDonating cryptocurrency is a powerful way to support The Life You Can Save and the nonprofits we recommend in fighting extreme poverty worldwide. Your crypto donation directly funds proven life-saving interventions like malaria prevention, deworming treatments, and cash transfers to families living on less than US$2 per day. Our cryptocurrency donations are processed securely through Crypto for Charity, and you can donate a wide variety of cryptocurrencies to help save and improve lives around the world. As an added benefit, crypto donations are also highly tax-efficient for donors.

Our cause funds are a great way to support multiple nonprofits that help the global poor in similar ways with a single donation. Your donation can Maximize Your Impact over all dimensions of poverty, Help Women & Girls, improve Health or Quality of Life, or promote Education. In each case, the fund will disperse your gift to highly cost-effective and evidence-backed nonprofits working in that cause area.
 

How can I donate cryptocurrency to The Life You Can Save?

You can make a safe, easy, and fast donation of cryptocurrency using the widget on this page. Just follow this quick four-step process:

  1. Select your preferred crypto and enter your gift amount
  2. In the “Donate Notes” field of the widget, indicate whether you’d like your gift to go to one or all of our recommended charities (or leave this field blank to support The Life You Can Save itself).  See the “How can my crypto donation help people in extreme poverty?” section for a full list of giving options.
  3. Type in your email and basic info (or choose to give anonymously)
  4. Make your gift! 

Upon making a donation, you can elect to receive an automatically generated receipt that will be sent to the email address you provide. You can use this confirmation of your donation to claim any tax relief you are legally entitled to.

Cryptocurrency donations to The Life You Can Save are processed quickly and safely with The Giving Block.

 

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Donate to The Life You Can Save Itself: Leave the “Message to nonprofit” field blank or write “The Life You Can Save.” Supporting our operations is a powerful way to multiply your impact – over the past three years, we’ve raised an average of $10 for our recommended charities for each dollar spent on our operations.

Donate to One of Our Recommended Charities: Simply specify the charity name in the “Message to nonprofit” field. All our recommended charities have been rigorously vetted for cost-effectiveness and evidence of impact.

Donate to Our Cause Funds: Support multiple high-impact nonprofits with a single donation. Choose from “Rapid Response Fund”, “Maximize Your Impact Fund”, “Education Fund”, “Health Fund”, “Quality of Life Fund”, or “Women and Girls Fund” by writing the fund name in the “Message to nonprofit” field.

Support All Our Charities or 90/10: Write “All Charities Fund” for equal distribution, or “90/10” to allocate 90% to all charities equally and 10% to The Life You Can Save’s operations.

The Life You Can Save aims to make “smart giving simple”, and accepting cryptocurrency donations helps us connect more donors with highly effective charities fighting extreme poverty. We want to give donors as many options as possible to support life-saving work, and we also want to help the nonprofits we recommend reach new supporters in the crypto community.

As crypto adoption continues to grow globally, we see crypto philanthropy as an important new way to help the global poor. Every crypto donation, regardless of size, translates directly into life-saving interventions like malaria prevention, deworming treatments, and direct cash transfers to families in extreme poverty. 

With more than 220 million crypto users worldwide and 1 billion users expected by 2030, we see crypto philanthropy as a new and exciting fundraising avenue to help the global poor.  

We invite you to read our blog post about how crypto fits into The Life You Can Save’s strategy and why we’re prioritizing this market. You can also learn more about how we think about crypto philanthropy on our Crypto FAQ page.

We currently accept more than 100 cryptocurrencies, including all major tokens:

Popular cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Polygon (MATIC), Chainlink (LINK), Avalanche (AVAX), Polkadot (DOT), Litecoin (LTC), Bitcoin Cash (BCH)

Stablecoins: USD Coin (USDC), Tether (USDT), DAI (DAI), TrueUSD (TUSD), Binance USD (BUSD)

DeFi and other tokens: Uniswap (UNI), Aave (AAVE), Compound (COMP), SushiSwap (SUSHI), Basic Attention Token (BAT), The Sandbox (SAND), Shiba Inu (SHIB), and many more.

We continually add support for new cryptocurrencies. If you don’t see your preferred token listed, please check back or contact us via our web form.

Tax benefits of donating crypto in Australia and other countries 

Australia – The Life You Can Save Australia can accept crypto donations via The Giving Block. Donating crypto may be a tax efficient way to give for some donors; however we recommend donors consult a knowledgeable tax professional to get personalized advice.

Other countries – Some of our recommended charities and partners accept crypto donations outside of the US and Australia. Please email us at info@thelifeyoucansave.org for more information about these opportunities.

The Life You Can Save is interested in working with NFT artists, collectors, and communities who would like to use NFTs to fight poverty. This could involve donating NFTs so that they can be sold for charity, donating the proceeds of NFT sales, or working with NFT communities to select an effective charity to support that aligns with the community’s values. To learn more about these opportunities to use NFTs for good, please contact info@thelifeyoucansave.org. 

We’ve also used NFTs ourselves. We’ve given Proof-of-Attendance-Protocol NFTs to attendees of our “What Good is Crypto?” and “Crypto Philanthropy in Australia” events. And we’ve benefited from the sale of a unique NFT version of Peter Singer’s 1972 article “Famine, Affluence, and Morality”, which commemorated 50 years since the publication of this article that  has changed the lives of countless people around the world. Our own organization was named after a book that expanded on ideas first voiced in this landmark article, like the idea that just as it would be wrong to leave a child to drown in a shallow pond, so it is wrong to fail to help a child – or an adult for that matter – living in a low-income country who is at risk of dying from preventable, poverty-related causes. We’re deeply grateful to Mick Hagen, founder of the crypto firm Hightop, for purchasing this NFT as the proceeds of this sale help fund our work.

Yes! We can provide high-value donors a concierge service that makes it easy to securely give large donations and hard to donate illiquid cryptocurrencies to The Life You Can Save or any of our recommended charities, while unlocking significant tax savings. 

To learn more about these services, please contact  info@thelifeyoucansave.org. 

Thank you for your interest! To contact us with any questions you might have about giving crypto, please send us an email at info@thelifeyoucansave.org with the subject line, “Crypto Donation.”