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    Author Topic: Bitcoin 100: Developed Specifically for Non-Profits  (Read 262823 times)
    sadpandatech
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    December 26, 2011, 06:55:24 PM
     #561


    Would you be so kind, Derek, as to provide us a copy of the letter sent so that we can have the opportunity to continue to tweak it?
    But, of course. It was only temporarily discluded to give time to go over the processor links without the added spam.

    This is what was sent, with better formatting and proper links added in where appropriate;
    Rev. 5

      26th of December 2011


    Please include Bitcoin as a funding option


    Dear St. Jude Representative,


      I represent a group of benefactors which would like you to consider an alternative method of

    accepting donations. We are called the Bitcoin100.


      Our group consists of over 100 members of a community which uses Bitcoin as a method of monetary

    exchange worldwide. We wish to support St. Jude by contributing to your noble organization a

    generous gift of 100 bitcoins (100 BTC), currently valued at approximately $396.00. Furthermore,

    supporters of Bitcoin100 have pledged to continue their support of nonprofit and charitable

    organizations, like St. Jude, who have included Bitcoin as one of their donation options. Additional

    information pertaining to Bitcoin 100 and its supporters can be researched here and contact

    information is available here
     

      As a charitable organization, St. Jude can easily accept Bitcoin as a donation option. Your
     
    accounting departing will not require retraining to accept these funds if they don't want to, because
     
    they can be converted to U. S. dollars for you at no cost. We recommend a payment processing
     
    service like Bit-Pay who will convert bitcoins donated to St. Jude into US dollars, ready for deposit into
     
    your bank account. Bit-Pay offers nonprofit organizations this service with absolutely zero fees, unlike
     
    other typical processing systems (Further reading about the services for nonprofits provided by Bit-Pay
     
    available here). Once St. Jude implements a 'Donate with Bitcoin' option--conveniently located among the
     
    other formidable donation options on your website--we pledge to send the current pool of 100 bitcoins
     
    (100 BTC), nearly $400, to your newly listed Bitcoin donation address.



      Bitcoin will benefit St. Jude because of its ability to accept donations from around the globe via

    any convenient Internet access almost instantly. The normally required fees will be generously

    eliminated by Bit-Pay for Charities leaving you with the complete original donation. Choosing Bitcoin as
     
    an additional donation option will allow St. Jude to utilize 100% of funds gifted, thereby benefiting

    more children in need.


      Thank you kindly for your valuable time and consideration of accepting Bitcoin as a viable option

    to help fund your admirable cause. I would greatly appreciate the opportunity to explain this in

    greater detail and assist you in setting up this payment method on your website. Please contact me

    by email @ [redacted] or by phone in the eastern U.S. @ [redacted]

     

      Warm Regards,
       Derek Herndon
       Bitcoin100 Supporter

    If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system.
    - GA

    It is being worked on by smart people.  -DamienBlack
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