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    Author Topic: Bitcoin 100: Developed Specifically for Non-Profits  (Read 262824 times)
    Phinnaeus Gage (OP)
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    Bitcoin: An Idea Worth Spending


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    January 12, 2014, 03:32:23 PM
     #1901

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    From: Frankie Abralind

    Dear Amanda,

    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 recently 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 work you're doing with the Committee for Human Rights in North Korea.

    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're not too familiar with them 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. Your processor can immediately convert the donation into USD if you like, so you don't actually have to hold bitcoins in your account at all. It doesn't take much work to get it set up, but I know the money would make a valuable difference for North Koreans.

    @Dmitry, I met Amanda at a class at the Foundation Center. She's smart and very nice and works for a great organization: the bipartisan Committee for Human Rights in North Korea works to end North Korea's gulags and bring more information and freedoms to the people of the country. They could make a big difference with a $1,000 donation.

    Good luck!

    Our guidelines are "non-political," and I think this one still qualifies, as they focus on human rights abuses, not politics.

    I'd tell you what. http://hrnk.org/ has a lot of influencial names on their board/staff/etc., thus a lot of eyeballs would see a Bitcoin donation option on their website if they opt to embed.

    Overall, it looks fine, as well, Rassah.

    ~Bruno Kucinskas
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