Austin, TX, December 08, 2021 (GLOBE NEWSWIRE) – Upbring Innovation Labs, a Texas-based innovation lab focused on advancing new technologies in the non-profit sector, has launched the Give Big TX Crypto Fund, a joint cryptocurrency donation campaign with 12+ Texas-based nonprofits for this donation season. By December 31, donors can make over 40 different types of cryptocurrency donations (Bitcoin, Ethereum, Doge, etc.) to various causes supporting their fellow Texans (child welfare, hunger, mental health, etc.).
The cryptocurrency market has exploded this year and the Give Big TX Crypto Fund aims to capitalize on this trend for the benefit of donors, nonprofits and Texans. The Give Big TX Crypto Fund’s goal is threefold: to raise money to support Texans this holiday season, activate Texas crypto donors, and make Texas a leader in cryptophilanthropy.
“We are really excited about the growth of cryptophilanthropy and its potential to help nonprofits make Texas a better place for everyone to live. As we continue to explore how blockchain can improve the well-being of children at Upbring, we also know that nonprofits of all categories can benefit from this technology. That’s why we launched the Give Big TX Crypto Fund, ”said Upbring President and CEO Mike Loo.
Each donation to the campaign will be pooled and distributed equally among partners at the end of the donation season. Give Big TX Crypto Fund partner organizations include Austin Pets Alive, Big Brothers Big Sisters Lonestar, Catholic Charities of Central TX, Feeding Texas, Keep Texas Beautiful, Latinitas, National Alliance of Mental Illness Texas, Project Transitions, Texas Blockchain Council, Texas Network of Youth Services and Texas Suicide Prevention Collaborative.
“This is a unique opportunity for the new economy and the Texas meta-world to prove how much of an impact they have. By donating to the Give Big TX Crypto Fund, they are making a positive impact on hundreds of thousands of people, countless animals, the environment and society in a way that only a fund like this can do ” said Ryan Park, Upbring vice president of innovation.
Cryptocurrency donors will receive a tax deduction for the fair market value of their donation, meaning they will not owe capital gains tax on the amount appreciated. Nonprofit partners will receive cryptocurrency donations (most for the very first time!) And the Texans they serve will be better supported with this additional revenue stream.
If you would like to donate or learn more about the Give Big TX Crypto Fund, please visit http://innovate.upbring.org/give-big-tx/.
About educational innovation labs
Upbring Innovation Labs, a division of Upbring, unites the brightest minds with the most daring ideas to shape better childhoods. Through partnering with entrepreneurs, business leaders, startups and universities, we turn ideas into real results that will ultimately break the cycle of child abuse.
Abuse insults our humanity and our mission is to break this cycle. With over 1,000 employees working at one of our 80 locations across Texas, Upbring is a leading nonprofit child welfare organization in the state. Foster care and education are at the forefront of our work, joined by other essential mission-driven programs under the same mission: to break the cycle of child abuse by empowering children. , families and communities. Together with our partners, we offer services that produce measurable progress towards five key markers of every child’s well-being: safety, life skills, education, health and vocation.