Pat DuffyFounder

United States - Tampa, Florida

Pat Duffy is a Co-Founder of The Giving Block. In 2018, Pat created The Giving Block with Co-Founder Alex Wilson. Together, they created a turnkey solution for nonprofits to fundraise cryptocurrency (like Bitcoin).

Donating Bitcoin, and donating other cryptocurrencies, rose to prominence in late 2017 as Bitcoin's price surged. Pat and Alex quickly discovered that Bitcoin and other cryptocurrencies received the same tax treatment as stocks. In other words, when you donate cryptocurrency to nonprofits, you pay no capital gains tax on the appreciated crypto - kind of a big deal.

The company started as a consultancy, educating nonprofit leadership teams on the ins and outs of cryptocurrency and how blockchain, the underlying technology, could be leveraged to make their organizations more effective and more transparent.

As they continued to iterate upon The Giving Block's technology, they began forming deep ties with key stakeholders in both the nonprofit and the cryptocurrency communities. As 2019 came to a close and End-of-Year fundraising efforts began ramping up, The Giving Block decided to create the cryptocurrency equivalent of Giving Tuesday - #CryptoGivingTuesday.

They popped up a micro-site, organized a pool of corporate partners in the cryptocurrency ecosystem to sponsor and promote the newly minted "holiday" and set about the work of preparing their clients to effectively capture the attention of crypto users on December 3.

#CryptoGivingTuesday has since become a hit, raising millions of dollars in crypto donations for charity each year. Nonprofits began to submit website inquiries asking how they can participate in events like Crypto Giving Tuesday, and what it would take for their organization to begin accepting cryptocurrency donations. It became immediately clear to our team at The Giving Block that actively fundraising cryptocurrencies would become a part of the company's identity.

Since then, The Giving Block has raised over $50,000,000 for nonprofits via cryptocurrencies like Bitcoin, Ethereum, Litecoin and more. So, if you are a nonprofit and you've read this far, what are you waiting for?

To setup a call with The Giving Block's reps, contact The Giving Block at www.TheGivingBlock.com/contact or, to contact Pat Duffy, shoot him a message here on LinkedIn.