MEET the UK charity who is leading the way in cryptocurrency fundraising. The Children’s Heart Unit Fund, CHUF, has received over £100,000 in cryptocurrency donations in the last 12 months alone.
The charity, based in Newcastle upon Tyne, is one of a handful of charities in the UK with the capability to receive donations in Bitcoin and other cryptocurrency and recently received a one-off donation of over £70,000, thought to be the largest cryptocurrency donation ever made to a UK charity.
Substantial donations have been made by MoonBoys Finance, HOPE TOKEN and Dan Bainbridge, a long term supporter who pledged just over $10,000 to the charity.
Charlotte Campbell, Head of Fundraising for CHUF said, “As a small charity you have to be brave when it comes to fundraising, now more than ever. After a lot of research we decided to partner with The Giving Block, a platform which allows us to accept cryptocurrency donations safely and easily.
“Its been quite a journey since we first started the process to seeing donations of £10,000, £20,000 even £70,000 come through – as a fundraiser that will always be incredibly exciting. We are beyond grateful to the generous donors who have made it possible for CHUF to continue to bring smiles to the faces of Heart Heroes across the UK.
“As a sector we must be bolder and more curious when it comes to new technologies, if we want to continue to thrive then we have to adapt to new ways of fundraising. The cryptocurrency world moves so fast, which can be unnerving to some charities, but its also incredibly exciting. The crypto community has really embraced us as one of their own and we are incredibly grateful to be able to work with people who are so passionate about having a positive impact on the world.”
The life-changing donations were made using the platform The Giving Block which is well-known in the US, but CHUF is currently one of only two charities using it in the UK. The donation will allow CHUF to continue the new ways of responding to the changing needs of Heart Heroes and their families.
Cryptocurrency uses cryptographical functions to conduct financial transactions online. It allows cryptocurrencies to be sent directly between two parties via the use of private and public keys, and transfers can be done with minimal processing fees.
By donating cryptocurrency, you can play a pivotal role in helping CHUF to continue its life changing work. We work with The Giving Block to accept Cryptocurrency. The Giving Block will provide you with a tax receipt and, depending on your circumstances and the tax rules in your country, you may be able to obtain a tax deduction. For more information on how to donate via cryptocurrency to CHUF visit https://www.chuf.org.uk/donate/cryptocurrency/