They started taking Bitcoin donations and investing in Bitcoin in 2016 but now have expanded to also accept ETH, LTC, BCH and USDC. They were not previously actively fundraising Bitcoin and other cryptocurrencies but are now working to get more plugged into the community.
Investments would be handled like any other nonprofit investment. All nonprofits have investment portfolios as a way to generate income so it would follow those same rules/laws.
Topic: Dementia Society Begins Accepting BTC Donations (and invested in 2016) (Read 182 times)
July 05, 2019, 01:02:04 PM
July 05, 2019, 12:20:40 PM
Dementia Society is taking BTC, ETH, LTC, BCH and USDC donations starting today.
I did not understand, according to their website: https://www.dementiasociety.org/crypto
says they have started accepting donations made by cryptos since 2016
Source: https://www.dementiasociety.org/crypto
Did I get it wrong?
Their CEO also revealed they've been investing in crypto since 2016 and managed to sell close to the top before rebuying.
so he can take the money from donations and make investments? What if he lost the money of donations? Who is responsible? and this should not be against the law?
July 05, 2019, 11:37:45 AM
Dementia Society is taking BTC, ETH, LTC, BCH and USDC donations starting today. Their CEO also revealed they've been investing in crypto since 2016 and managed to sell close to the top before rebuying. Now they want to get more engaged with the Bitcoin community.
"To celebrate America's founding fathers and their desire for freedom and independence, the Dementia Society of America® (DSA), a national 501(c)(3) nonprofit organization, today begins accepting a broader range of cryptocurrencies as donations to help further the critical mission of the Society."
We're working to increase adoption through charity. This is a way to "legitimize" Bitcoin to a mainstream audience when they see major organizations taking it for donations and also investing in it. Would love to hear others thoughts too though.
Press Release Here: https://www.pr.com/press-release/788932
The Giving Block Post Here: https://medium.com/@thegivingblock/dementia-society-of-america-begins-accepting-bitcoin-btc-ethereum-eth-and-litecoin-ltc-dc6913ed0673
"To celebrate America's founding fathers and their desire for freedom and independence, the Dementia Society of America® (DSA), a national 501(c)(3) nonprofit organization, today begins accepting a broader range of cryptocurrencies as donations to help further the critical mission of the Society."
We're working to increase adoption through charity. This is a way to "legitimize" Bitcoin to a mainstream audience when they see major organizations taking it for donations and also investing in it. Would love to hear others thoughts too though.
Press Release Here: https://www.pr.com/press-release/788932
The Giving Block Post Here: https://medium.com/@thegivingblock/dementia-society-of-america-begins-accepting-bitcoin-btc-ethereum-eth-and-litecoin-ltc-dc6913ed0673
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