{"id":36720,"date":"2021-02-19T13:35:12","date_gmt":"2021-02-19T11:35:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36720"},"modified":"2025-08-29T07:45:35","modified_gmt":"2025-08-29T04:45:35","slug":"in-2020-fidelity-charitable-received-28-million-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/in-2020-fidelity-charitable-received-28-million-in-cryptocurrency\/","title":{"rendered":"In 2020, Fidelity Charitable received $28 million in cryptocurrency"},"content":{"rendered":"

Over the past year, the amount of donations in digital assets to Fidelity Investments’ charitable arm amounted to $28 million. This is stated in the report<\/a>.<\/p>\n

<\/p>\n

The fund received $15 million more than in 2019, when the amount of cryptocurrency contributions reached $13 million.<\/p>\n

Noncash assets accounted for two-thirds of donations. Cash accounted for just 32% of contributions.<\/p>\n

Representatives of Fidelity Charitable reminded that cryptocurrency transfers to U.S. nonprofit organizations are treated as stock donations and are not taxed.<\/p>\n

In December 2020, the Salvation Army began accepting donations in Bitcoin and Ethereum<\/a> via the Engiven platform.<\/p>\n

In January 2021, the nonprofit American Cancer Society launched a cryptocurrency fund<\/a> to fight cancer.<\/p>\n

In February, the children’s charity Songs of Love created the Billy Bitcoin superhero<\/a> to boost interest in donations of digital assets.<\/p>\n

Fidelity Charitable began operations in 2015 and since then has raised almost $150 million in cryptocurrency.<\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed<\/a> \u2014 the full news feed, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

Over the past year, donations in digital assets to Fidelity Investments\u2019 charitable arm totalled $28 million, according to the report.<\/p>\n","protected":false},"author":1,"featured_media":36721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[306,1269,2108],"class_list":["post-36720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charity","tag-cryptocurrencies","tag-fidelity-charitable"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36720"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36720\/revisions"}],"predecessor-version":[{"id":36722,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36720\/revisions\/36722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36721"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}