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    Author Topic: Bitcoin 100: Developed Specifically for Non-Profits  (Read 262820 times)

    • Rassah
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    November 24, 2013, 05:19:10 PM
     #1701
    I think you should add Frankie Abralind to the list of people to thank, Bruno. Maybe list him as our honorary charity pimp.

    Quote
    Dear Devon,

    Please meet my friend Dmitry. We met in business school and he now runs a foundation that is looking for worthy nonprofits to donate to. He just donated $1,000 each to Jessie Morey's IBME and my friend Amy's Primate Education Network. I think he will really appreciate the International Lifeline Fund's mission.

    Dmitry's foundation is called BitCoin100. They arose out of the generosity of a few early BitCoin adopters to promote the value of the currency for nonprofits: when donors make their donations in BitCoins, the recipient nonprofit keeps 100% (hence the name). None of the funds are lost to credit card or processing fees.

    BitCoin100 donates $1,000 to selected nonprofits who agree to accept the currency on their donation page. It doesn't take much work to get it set up, but I know the money could do a lot of good helping with new initiatives at Eureka.

    @Dmitry, Devon is a neighbor and great pal of mine, as well as a friend of Jessie Morey. She is a devoted nonprofiteur (is that word? Should be) who spent years working with refugees and now helps bring safe food and water to impoverished communities in Africa and Haiti. A $1,000 donation would be a big help with their projects.

    Good luck!

    Frankie

  • Rassah
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    November 24, 2013, 05:24:22 PM
     #1702
    I also just got this totally out of the blue

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    Our 501(c)3 non-profit, Torch Academy, www.torchacademy.org, is interested in your bitcoin offer of receiving 1000 dollars of bitcoin for displaying bitcoin logo and accepting bitcoin for donations.
     
    Please send more information.
     
    Jackie
    President, Torch Academy

    Maybe my dream of running out of money and retiring from this will actually come true some day, but somehow I don't think Bitcoin, with its ever increasing price, will let me  Grin

  • Phinnaeus Gage (OP)
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    November 24, 2013, 05:36:27 PM
     #1703
    Quote from: Rassah on November 24, 2013, 05:08:43 PM
    Quote from: freequant on November 23, 2013, 04:50:29 PM
    Quote from: freequant on November 23, 2011, 05:45:58 PM
    I am in for 1BTC per charity.
    I pledge an additional 100 BTC to the Red Cross and Unicef whenever they get onboard.
    Today is the 2nd anniversary of my initial pledge. To date, neither Red Cross or Unicef have come on board.
    In the meantime, Bitcoin has raised 300 folds, making the terms of my initial pledge borderline unsustainable.
    On the occasion of this second anniversary, I have decided to review the terms of my pledge to match better my donation target in dollar terms, while keeping the initial spirit of the pledge.

    The new terms of my pledge, effective immediately, and valid until 23 Nov. 2015 are now:
    1 - 10k USD equivalent in BTC (regardless of the BTC/USD exchange rate) for Red Cross whenever they join.
    2 - 10k USD equivalent In BTC (regardless of the BTC/USD exchange rate) for Unicef whenever they join.
    3 - 100 USD equivalent In BTC charity, up to 100 charities (max 10k USD in total).

    @Phinnaeus Gage, I don't really have the time to follow carefully this thread, and I don't know most of the charities, so I'd like to ask you if you don't mind to manage pledge (3) on my behalf, and to notify me if you hear about Red Cross or Unicef joining Bitcoin so that I can execute pledge (1) or (2). If you are ok, I'll send you a first installment of 5k USD for pledge (3), please convert it back to USD and use it 100 USD at a time for next 50 charities (please confirm the BTC address) and let me know once it's used up so that I can send you the second installment. Alternately, I can also send directly 5k USD to your Bitstamp account via Ripple (see: Deposit > Ripple > USD).

    Hi. If you would like us to hold and manage your pledge, and limit it to some specific amount in USD per specific charity, I can do that, but I can't hold it in anything other than BTC. I can just hold it in a separate bitcoin address to make it easier to track. You are free to ask for your money, or any portion of it, back at any time, if, for example, your $5k donation ends up being worth way more than combined $30k. The money I hold on behalf of Bitcoin100 are pledges in my care, not donations we claim ownership to as soon as they hit our address.

    I believe that the $5K initial donation was meant to be held on the side, pulling only $100 from it at a time to fund, in this case, 10% of each endowment as they become available.

    Quote
    If you are ok, I'll send you a first installment of 5k USD for pledge (3), please convert it back to USD and use it 100 USD at a time for next 50 charities (please confirm the BTC address) and let me know once it's used up so that I can send you the second installment.

    I believe that's what meant when requesting "convert it back to USD". $5K in BTC on account, pulling $100 USD worth at a time when needed.

    PM freequant so that we abide by all his wishes, having his clarify his intent.

  • Phinnaeus Gage (OP)
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    November 24, 2013, 05:38:07 PM
     #1704
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    I think you should add Frankie Abralind to the list of people to thank, Bruno. Maybe list him as our honorary charity pimp.

    Will do, and will then look at your last two submissions before I crawl under the house to repair some pipes.

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    November 24, 2013, 05:59:32 PM
     #1705
    Adjust your Linkedin page accordingly.  Grin

    Bruno Kucinskas [Founder & Chief Thought Provoker]
    Rassah [Director of Fundom]
    edd [Human Program Technician]
    Frankie Abralind [Legacy Brand Orchestrator]
    Jason King [Dynamic Paradigm Liaison]

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    November 24, 2013, 06:16:35 PM
     #1706
    www.torchacademy.org,

    This one's a tad tricky in the sense it's only about two years old, little WBM history, and probably only a little reach. That said, I have no other reservations about them, and truly admire their work, and hope that they're considered for their endowment request. It's quite possible Bitcoin 100 could get more bang for its bucks than what meets the eye with this one. In fact, without going into obvious details, this one could be a poster child, of sorts, of what Bitcoin can do for NPOs.

    Over and beyond the latter parts of the above, I like them but, in the spirit of full disclosure, I wanted to state the tad negatives mentioned at the onset.

    Bruno Kucinskas

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    November 24, 2013, 06:34:38 PM
     #1707
    http://lifelinefund.org passes with flying colors, as far as I'm concerned.

  • Seth Otterstad
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    November 25, 2013, 12:58:13 AM
     #1708
    A friend just asked me if "Jewish Community Federation of San Francisco" qualifies.  He insisted it is not religious.
    www.jewishfed.org/

    Also, a reminder that My Refuge House is located in the Philippines, and they are doing whatever they can to help out over there.  They have accepted bitcoin donations for close to a year now.  Check out their blog to see what is happening.
    www.myrefugehouse.org
    Seth Otterstad's Blog          @SethOtterstad on twitter          Seth on google+

  • Phinnaeus Gage (OP)
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    November 25, 2013, 01:45:38 AM
     #1709
    Quote from: Seth Otterstad on November 25, 2013, 12:58:13 AM
    A friend just asked me if "Jewish Community Federation of San Francisco" qualifies.  He insisted it is not religious.
    www.jewishfed.org/

    Also, a reminder that My Refuge House is located in the Philippines, and they are doing whatever they can to help out over there.  They have accepted bitcoin donations for close to a year now.  Check out their blog to see what is happening.
    www.myrefugehouse.org

    Let's see what their site has:

    Quote
    Donor choice

    For the first time in Federation history, donors will have the opportunity to designate their giving by selecting one or more of four funds for a portion of their gift. How it Works

    The four funds are:
    Community Core Fund: Ensuring a thriving community by caring for the vulnerable, promoting Jewish culture, and strengthening education and identity.
    Israel and Global Fund: Strengthening Israel by advancing social justice and equal opportunity; and providing for Jews in need worldwide.
    Bay Area Initiatives Fund: Addressing current community-wide challenges through targeted initiatives.
    Innovation Fund: Seed-funding innovative projects in emerging and traditional Jewish organizations.

    We already contributed to myrefugehouse.org as seen http://bitcoin100.org/charities/ and here https://blockchain.info/tx/2219e67225ad58edc0f8f4b29a50f6c5dccf4aed5e6045e31ee5ed62e0710180

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    November 25, 2013, 03:05:47 AM
     #1710
    I have nooooo idea what to make of this one...


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    Rassah,

    I am the financial administrator for a USA 501c3 non-profit, Intensive Heart Ventures.  We are a secular organization offering assistance to the underprivileged internationally in some of the world's poorest countries.  I am very interested in finding out more about how my organization can begin accepting bit-coin donations on our website.  Below is a link to our site which has more information on who we are and what we do.  If you need anything else, please do not hesitate to let me know.

    www.heartventures.com

    Thank you,

    Joe Benscoter

    I'm not sure how this is a charity, or what it is they do exactly Tongue

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    November 25, 2013, 05:09:25 AM
     #1711
    Got this in PM

    Quote from: Serenda on November 25, 2013, 03:57:01 AM
    I have an organization in mind for Bitcoin 100.  It provides food, clothing and help with medical bills to needy members of of the Northwest Baltimore community.  Although the money is not used for any religious purposes, the organization is run by rabbis and most of the recipients are Jewish since that is the makeup of our neighborhood and community. I read that the recipient organization must be "secular" so I'm not sure if this organization would qualify under your rules.  Please take a look at its website (http://ahavasyisrael.org/) and let me know either way.  Thanks!

    These guys are within driving distance of my house apparently. If they end up qualifying, I may end up just driving and meeting them in person.



    We're going to have to set up some way to track this, or something. Or I guess I can just keep bugging Edd to post updated on the website regarding which charities are being considered, denied, accepted, and paid. Then if I accidentally pay someone twice, or forget a charity, we can all blame it on Edd.

  • Phinnaeus Gage (OP)
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    November 25, 2013, 06:01:40 AM
     #1712
    Quote from: Rassah on November 25, 2013, 05:09:25 AM
    Got this in PM

    Quote from: Serenda on November 25, 2013, 03:57:01 AM
    I have an organization in mind for Bitcoin 100.  It provides food, clothing and help with medical bills to needy members of of the Northwest Baltimore community.  Although the money is not used for any religious purposes, the organization is run by rabbis and most of the recipients are Jewish since that is the makeup of our neighborhood and community. I read that the recipient organization must be "secular" so I'm not sure if this organization would qualify under your rules.  Please take a look at its website (http://ahavasyisrael.org/) and let me know either way.  Thanks!

    These guys are within driving distance of my house apparently. If they end up qualifying, I may end up just driving and meeting them in person.



    We're going to have to set up some way to track this, or something. Or I guess I can just keep bugging Edd to post updated on the website regarding which charities are being considered, denied, accepted, and paid. Then if I accidentally pay someone twice, or forget a charity, we can all blame it on Edd.

    I might tackle it if I have time tomorrow evening in some hotel room on my way to sunny Florida for Thanksgiving. It is sunny, right?

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    November 25, 2013, 06:15:52 AM
     #1713
    Quote from: Rassah on November 25, 2013, 03:05:47 AM
    I have nooooo idea what to make of this one...


    Quote
    Rassah,

    I am the financial administrator for a USA 501c3 non-profit, Intensive Heart Ventures.  We are a secular organization offering assistance to the underprivileged internationally in some of the world's poorest countries.  I am very interested in finding out more about how my organization can begin accepting bit-coin donations on our website.  Below is a link to our site which has more information on who we are and what we do.  If you need anything else, please do not hesitate to let me know.

    www.heartventures.com

    Thank you,

    Joe Benscoter

    I'm not sure how this is a charity, or what it is they do exactly Tongue

    Bet you a donut it's suppose to be heartventures.org.

    Quote
    Intensive Heart Ventures mission is to build bridges for oppressed and socio-economically disadvantaged peopled to self-sustenance and quality of life.

  • freequant
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    November 25, 2013, 12:54:57 PM
     #1714
    Quote from: Rassah on November 24, 2013, 05:08:43 PM
    Hi. If you would like us to hold and manage your pledge, and limit it to some specific amount in USD per specific charity, I can do that, but I can't hold it in anything other than BTC. I can just hold it in a separate bitcoin address to make it easier to track. You are free to ask for your money, or any portion of it, back at any time, if, for example, your $5k donation ends up being worth way more than combined $30k. The money I hold on behalf of Bitcoin100 are pledges in my care, not donations we claim ownership to as soon as they hit our address.
    I'm fine if you prefer holding the donation in BTCs so long as you distribute it equally among the next 50 Bitcoin-100 donations.
    For example, if I send you for instance 6.05 BTCs (current exchange rate at Bitstamp is ~826 USD/BTC), each of the next 50 charities should receive 0.121 BTC from this fund regardless of the going rate at the moment. Of course, if 0.121 BTC ends up being worth more than the 1000 USD target at some point, you can report the fund in excess of 1000 USD toward subsequence donations.

    Can you please confirm the address where I should send the funds?

  • Phinnaeus Gage (OP)
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    November 25, 2013, 02:23:47 PM
     #1715
    Quote from: freequant on November 25, 2013, 12:54:57 PM
    Quote from: Rassah on November 24, 2013, 05:08:43 PM
    Hi. If you would like us to hold and manage your pledge, and limit it to some specific amount in USD per specific charity, I can do that, but I can't hold it in anything other than BTC. I can just hold it in a separate bitcoin address to make it easier to track. You are free to ask for your money, or any portion of it, back at any time, if, for example, your $5k donation ends up being worth way more than combined $30k. The money I hold on behalf of Bitcoin100 are pledges in my care, not donations we claim ownership to as soon as they hit our address.
    I'm fine if you prefer holding the donation in BTCs so long as you distribute it equally among the next 50 Bitcoin-100 donations.
    For example, if I send you for instance 6.05 BTCs (current exchange rate at Bitstamp is ~826 USD/BTC), each of the next 50 charities should receive 0.121 BTC from this fund regardless of the going rate at the moment. Of course, if 0.121 BTC ends up being worth more than the 1000 USD target at some point, you can report the fund in excess of 1000 USD toward subsequence donations.

    Can you please confirm the address where I should send the funds?

    Understand fully, freequant. I'll PM Rassah this post so that he will be made aware of your request, thus giving you an address to submit your generous donation.

    Bruno Kucinskas

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    November 26, 2013, 04:30:53 AM
     #1716
    I'll start working on an address for Freequant and Bruno tonight (sorry for the delay)

    In the mean time, another one:

    Quote
    Chris R.

    I run a non-profit and am interested in accepting Bitcoin and working with Bitcoin 100.  How would you recommend going about this?
    Our website is http://we-search.org.  We are a crowdfunding charity for medical research.  I'd be happy to answer any other questions you have.

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    November 26, 2013, 06:32:14 AM
    Last edit: November 28, 2013, 03:04:22 AM by Rassah
     #1717
    Just to prove I'm not sitting on my ass, doing nothing...

    Current Account Status:

    BALANCE SHEET

          ฿192.15699737  Assets
           ฿143.15699737    BTCWallet
            ฿45.00000000    MemDeal_Wallet
             ฿4.00000000   Teukon_Wallet
           ฿599.31681698  Expense
           ฿599.30901698    Contributed_to_Charity
             ฿0.00780000    Transaction_Fee
          ฿-615.61478168  Income:Available_for_Charity
          ฿-175.85903267  Liabilities
          ฿-126.85903267    Contributed_Pledges
           ฿-45.00000000    MemDeal_Contributed
            ฿-4.00000000    Teukon_Contributed
    --------------------
                       0

    AVAILABLE FOR NEXT CHARITY

           ฿599.31681698  Expense
           ฿599.30901698    Contributed_to_Charity
             ฿0.00780000    Transaction_Fee
          ฿-615.61478168  Income:Available_for_Charity
    --------------------
           ฿-16.29796470  <-- READY TO BE CONTRIBUTED


    List of charities that received contributions:

    12-Mar-21 Group B Strep Inter.. ..ntributed_to_Charity ฿127.35400000
    12-Jul-20 Kenija2012.com        ..ntributed_to_Charity ฿100.00000000
    12-Dec-14 BUND Berlin e.V.      ..ntributed_to_Charity ฿100.54164468
    13-Jan-02 My Refuge House       ..ntributed_to_Charity ฿100.00000000
    13-Mar-22 BitcoinTheDocumenta.. ..ntributed_to_Charity ฿13.96454230
    13-Jun-02 fr33aid.com           ..ntributed_to_Charity  ฿8.30080000
    13-Jun-02 generationsofhope.org ..ntributed_to_Charity  ฿8.28000000
    13-Jun-07 SongsofLove.org       ..ntributed_to_Charity  ฿9.10000000
    13-Jun-07 antiwar.com           ..ntributed_to_Charity  ฿9.10000000
    13-Jun-07 fesslerfoundation.org ..ntributed_to_Charity  ฿9.20000000
    13-Jun-21 handinhand-patensch.. ..ntributed_to_Charity  ฿9.18500000
    13-Jun-21 hiphopchessfederati.. ..ntributed_to_Charity  ฿9.86810000
    13-Jun-21 iccf-holland.org      ..ntributed_to_Charity  ฿9.18500000
    13-Jun-21 sternenhof.eu         ..ntributed_to_Charity  ฿9.18500000
    13-Jun-21 watsi.org             ..ntributed_to_Charity  ฿9.18000000
    13-Jul-12 asiconservachile.org  ..ntributed_to_Charity ฿10.59590000
    13-Jul-12 spices.org.my         ..ntributed_to_Charity ฿10.59590000
    13-Aug-03 khanacademy.org       ..ntributed_to_Charity  ฿9.63300000
    13-Aug-08 virtualdoctors.org    ..ntributed_to_Charity  ฿9.48770000
    13-Aug-25 generationgreen.com   ..ntributed_to_Charity  ฿9.17000000
    13-Sep-21 panperu.org           ..ntributed_to_Charity  ฿8.11810000
    13-Nov-15 primateeducationnet.. ..ntributed_to_Charity  ฿2.44000000
    13-Nov-17 esquinatangoaustin... ..ntributed_to_Charity  ฿2.10520000
    13-Nov-21 ibme.info             ..ntributed_to_Charity  ฿1.61290000
    13-Nov-21 lendforamerica.org    ..ntributed_to_Charity  ฿1.66113000
    13-Nov-22 pathwaystoeducation.. ..ntributed_to_Charity  ฿1.44510000



    That's 26 charities for a total of about $26,000 donated.

  • Seth Otterstad
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    November 26, 2013, 02:46:23 PM
     #1718
    Quote from: Phinnaeus Gage on November 25, 2013, 01:45:38 AM
    Quote from: Seth Otterstad on November 25, 2013, 12:58:13 AM
    A friend just asked me if "Jewish Community Federation of San Francisco" qualifies.  He insisted it is not religious.
    www.jewishfed.org/

    Let's see what their site has:

    Quote
    Donor choice

    For the first time in Federation history, donors will have the opportunity to designate their giving by selecting one or more of four funds for a portion of their gift. How it Works

    The four funds are:
    Community Core Fund: Ensuring a thriving community by caring for the vulnerable, promoting Jewish culture, and strengthening education and identity.
    Israel and Global Fund: Strengthening Israel by advancing social justice and equal opportunity; and providing for Jews in need worldwide.
    Bay Area Initiatives Fund: Addressing current community-wide challenges through targeted initiatives.
    Innovation Fund: Seed-funding innovative projects in emerging and traditional Jewish organizations.
    I don't understand if you are saying this qualifies or not because I am not clear on whether the word "Jew" is religious.
    Seth Otterstad's Blog          @SethOtterstad on twitter          Seth on google+

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    November 26, 2013, 03:16:46 PM
     #1719
    Quote from: Rassah on November 26, 2013, 04:30:53 AM
    I'll start working on an address for Freequant and Bruno tonight (sorry for the delay)

    In the mean time, another one:

    Quote
    Chris R.

    I run a non-profit and am interested in accepting Bitcoin and working with Bitcoin 100.  How would you recommend going about this?
    Our website is http://we-search.org.  We are a crowdfunding charity for medical research.  I'd be happy to answer any other questions you have.

    Seems to be active on Twitter and, more so, Reddit. https://twitter.com/WeSearchOrg (follow the links to the Reddit conversations)

    Passes, and seems to be a good cause.

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    November 26, 2013, 06:20:51 PM
     #1720
    Another one from Frankie:

    Quote
    Dear Emmy,

    Please meet my friend Dmitry. We met in business school and he now runs a foundation that is looking for worthy nonprofits to donate to. He just donated $1,000 each to my friend Jessie's IBME and my friend Amy's Primate Education Network. I think he will really appreciate the mission of Bread for the City.

    Dmitry's foundation is called BitCoin100. They arose out of the generosity of a few early adopters of an amazing currency called BitCoins (if you haven't heard of them, this might help) to promote the value of the currency for nonprofits: when donors make their donations in BitCoins, the recipient nonprofit keeps 100% (hence the name). None of the funds are lost to credit card or processing fees.

    BitCoin100 donates $1,000 to selected nonprofits who agree to accept the currency on their donation page. You will be immediately able to convert the donation into USD. It doesn't take much work to get it set up, but I know the money would make a valuable difference at Bread for the City.

    @Dmitry, Emmy is a smart, passionate friend of mine and former coworker of my wife Jess. She works as a fundraiser for a wonderful nonprofit in DC: Bread for the City is more than a soup kitchen, providing comprehensive services including medical care and legal services for DC's poor. Jess and I have been donating for years. They could do a lot of good with a $1,000 donation.

    Good luck!

    At this point I just reply to these, telling them a bit about what we do and asking them to let me know if they are interested, and move the e-mails into my Bitcoin100 folder. If they reply, things go forward. If they don't bother, I don't bother to pursue them either.
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