- The Nicholas Children’s Hospital Foundation has announced that they have begun accepting bitcoin donations.
- The non-profit organization supports the needs of patients and families at Nicholas Children’s Hospital.
- The purpose of this initiative is to provide donors with an alternative and tax-friendly grant vehicle. It is not clear whether the organization will keep BTC.
The Nicholas Children’s Hospital Foundation, a 501 (c) 3 organization focused on raising funds for Nicholas Children’s Hospital patients, has announced that it has begun accepting bitcoin donations.
Michelle Boggs, president of the Nicholas Children’s Hospital Foundation, said: “We hope that by adding this payment method, we will reach more people who want to support our hospital’s life-saving work and make it a quick, easy, secure transaction.”
By adopting Bitcoin, the Foundation’s goal is to provide an alternative method for giving donors a good cause. The non-profit organization is dedicated to raising funds for patients at Nicholas Children’s Hospital, which enables children from disadvantaged families to receive better health care.
Nicholas Children’s now offers supporters the option to donate Bitcoin and other cryptocurrencies in a tax-efficient way using the cryptocurrency of their choice because they are tax-deductible on the donor’s tax return. The new donation method will be possible through partnership with Giving Block.
The Foundation is one of the first healthcare nonprofits in South Florida to start accepting bitcoin grants. However, it is not clear whether the nonprofit will retain BTC as a grant or convert it to USD immediately.
There are many benefits for nonprofits to hold on to Bitcoin in the long run, rather than converting it into immediate cash, like charity: the water has only recently been realized since 2014 after receiving a BTC grant. After seeing this it missed the long-term price rise of Bitcoin, Charity: Water Champion is a HODL MODL charity charity with its Bitcoin Water Trust, which seeks to retain all bitcoins received until 2025.