(SACRAMENTO – September 10, 2014) – The BitGive Foundation has met two major milestones just weeks after announcing its official approval from the IRS. The Foundation has raised over $11,000 for The Water Project, an organization working to bring clean, safe water to communities in sub-Saharan Africa. This is the second major campaign the Foundation has led in the past year and has proven to be a big success. The President of The Water Project says he has a community in mind for the funds in Kenya. The Water Project builds and repairs water wells for communities and schools across sub-Saharan Africa.
The amount of funding raised is enough to build an entire project funded by the Bitcoin community! The campaign was launched earlier this year with BitGive kicking in the first 2 Bitcoins. Donations have poured in from the community and include notable donors like BitPay, Bitcoin Foundation, CoinPayments, and AltcoinToday, as well as numerous individuals and businesses, and topped off by BitMEX with a 5 BTC donation. Connie Gallippi, Executive Director of BitGive shares, “We are absolutely ecstatic to have met and surpassed our goal for our campaign for The Water Project. The Water Project is doing amazing and very important work. We are very proud to show the Bitcoin community’s support for their mission.”
In equally successful news, BitGive kicked off a Founding Donors Campaign and has raised over $65,000 towards its fundraising goals in less than two weeks. Platinum Donors include BitPay and Zlatin Balevsky, Silver Donors include Roger Ver and Eugene Jhong, and Bronze Donors include Xapo, Libra Tax, Brooke and William Mallers,and Allison Coleman Payne. The funds will help to build the organization’s capacity, which to date has operated on an all-volunteer basis, and contribute to its quasi-endowment fund for charitable giving.
BitGive is currently planning their next charitable partnership and a number of upcoming events and business relationships that will take the organization to the next level.
BitGive’s Board of Directors includes Stephen Pair, co-founder and CEO of BitPay; Patrick Murck, legal counsel at the Bitcoin Foundation; Madeline Finch, a former Administrative Officer of a community foundation; Curtis Alling, Principal and CEO at Ascent Environmental; and Karsten Behrend, Chief Compliance Officer at Xapo. The organization was supported in its first year by donations and in-kind support from KnCMiner, Bitcoin Development Fund, BitPay, Perkins Coie, LLP, and many others.
Join BitGive’s Founding Donors Campaign or Membership Program designed for organizations and individual donors who wish to support BitGive’s mission. These programs welcome donors from all over the world.
BitGive is a non-profit 501 (c) (3) charitable foundation leveraging the power of the Bitcoin community to improve public health and the environment worldwide. Visit: www.bitgivefoundation.org