Apr 6, 2022
The world of crypto is full of amazing new innovations. In today’s episode of Grow Money Business, we’re exploring an interesting crypto-based platform that enables people who possess appreciated crypto assets to donate their crypto assets to non-profit organizations while receiving tax benefits. Pat Duffy, a co-founder of The Giving Block, joins us today to talk about their story and how their platform is connecting crypto donors with non-profit organizations.
[03:14] The Giving Block – We start the conversation with a brief look at what Pat’s company, The Giving Block, does and how it helps donors and non-profits with donations.
[07:10] The Process – Pat walks us through the process of what happens when someone interested in crypto gifting signs up with The Giving Block.
[10:00] Donor Advised Funds – The process of donating via a Donor Advised Fund with the help of The Giving Block.
[16:33] Why Crypto? – Pat shares his take on some of the reasons why non-profit organizations may want to take crypto assets as donations.
[19:05] Barriers – Some of the challenges non-profit organizations face when starting to accept crypto donations.
[27:30] Getting Traction – Pat shares with us what it was like at the beginning of his service and what it took to get enough traction for the service.
[31:30] Business Model – Pat shares with us how the business model of the Giving Block works and some of the areas the platform will be expanding into in the near future.
[36:52] Managing Growth – Pat dives into their strategy of managing their growth.
[42:54] Shift4 – The Giving Block recently got acquired by the payment processing solutions company, Shift4. Pat shares what opportunities and possibilities this acquisition will open up.
[49:10] Tips for Donating – Pat shares some advice for those who own crypto assets and want to make a crypto donation.
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