250 | Are nonprofits ready for crypto-based fundraising?

250 | Are nonprofits are ready for crypto-based fundraising?

The Fundraising Talent Podcast, a production of Responsive Fundraising

Someone early in my career explained that nonprofits are notorious for operating at least two years behind the rest of the working world when it comes to innovation. This individual insisted that rather than being the early adopters, we’re more inclined to the be the laggards due to our aversion to risk. Contrary to what this person had observed, I have always believed nonprofits should be the innovators rather than the last to adapt to someone else’s bold, new idea; slow to change means missing the chance to change the world. 

I think we are getting better at this, and perhaps people like Pat are helping us along in our adoption of new ideas. We seem to be leaning into the messy reality that multiple generations are using a multiplicity of channels to give. What Pat wants us to add to that complex mix is the understanding that we’re on the verge of adding a multiplicity of currencies and that, while we generally assume our asset-based donor to have at least paid off their mortgage, now they may have just graduated from college. As some of us hoard millennials and younger generations into our CRM’s, Pat wants us to ask ourselves is what happens when these donors opt to be a crypto-based.

As always, we are grateful to our friends at CueBack for their support of The Fundraising Talent Podcast. Reminder, you can download Responsive’s latest edition of Carefully & Critically here. 

As always, we are grateful to CueBack for sponsoring The Fundraising Talent Podcast.