Enabling Crypto Donations to Donor-Advised Funds: The Giving Block and RenPSG Announce Strategic Partnership
Summary
RenPSG will begin offering this solution to its clients ahead of the end-of-year giving season to support the surge in crypto donations. This feature is made possible through an integration with The Giving Block’s innovative donation technology that allows charities to accept more than 45 types of cryptocurrency, including Bitcoin, Ethereum, and Dogecoin. Renaissance Charitable Foundation, Inc., a donor-advised fund sponsor, is the first of RenPSG’s institutional clients to accept crypto donations through the new partnership beginning this week. As a response to this changing market, we needed to provide an easy and convenient way to facilitate crypto donations and are excited to partner with The Giving Block to offer this solution to our clients,” said Kelly Palmer, Executive Vice President of Strategic Growth Operations for RenPSG. By donating cryptocurrencies instead of traditional government-back currencies, individual donors in the U.S. and several other countries have the option to reduce their capital gains taxes.