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AUSTIN, TX, September 9, 2021 (GLOBE NEWSWIRE) – Upbring, a Texas-based nonprofit working to break the cycle of child abuse, recently announced the addition of cryptocurrency to its donation types with immediate effect. Thanks to a partnership with The Giving Block, a company that enables tax-exempt cryptocurrency donations to nonprofits, Upbring has responded to the rise of cryptocurrency and entered a new frontier in fundraising by accepting this form of currency, including Ethereum, Dogecoin, Bitcoin, and more. It is the first nonprofit specializing in child welfare that works with The Giving Block to accept cryptocurrency in Texas.
“Systemic change is our driving force and to achieve this we must be willing to grow and adapt to the changing needs of society. This means thinking long term and exploring innovative solutions in companies like cryptocurrencies in relation to nonprofits, ”said Michael Loo, President and Chief Executive Officer of Upbring. “Education is now ready to expand our donation capacity, diversify our donor base, increase our revenue streams and improve the resilience of the organization.”
Donating cryptocurrency is also one of the most tax efficient ways to support Upbring’s mission. When you give cryptocurrency, you get a tax deduction on the fair market value of your gift, meaning you don’t owe any capital gains tax on the estimated amount and can deduct it from your taxes.
Upbring’s philosophy when it comes to innovation is to be open and accept new ideas. It is one of the few nonprofits in the country that has an innovation lab dedicated to researching new solutions and challenging existing mindsets in order to create a better childhood and secure a future free from harm from abuse. Some of his pilots include wearable biometric technologies and digital therapeutics to help mitigate the effects of trauma and improve a child’s overall mental health; Geospatial Predictive Data Model designed to identify places of high risk for child abuse; Blockchain data solutions to optimize the current disjointed systems of foster families; and explore how non-fungible tokens (NFTs) can help raise awareness and provide financial assistance to children experiencing abuse.
“The crypto community is incredibly important to making positive change in the world. We need your help not only to advance our mission but to break the cycle of child abuse, ”added Michael. “This is our first step in empowering them to really make a difference in the lives of children who are being molested.”
If you want to break the cycle of child abuse with Upbring or learn more about how to donate cryptocurrencies, please visit https://upbring.org/give-crypto/.
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About education
Abuse offends our humanity and it is our mission to break this cycle. With more than 1,000 employees working in one of our 80 locations across Texas, Upbring is a leading nonprofit for the welfare of children in the state. Care and education are at the forefront of our work, along with other major mission-oriented programs under the same mission: breaking the cycle of child abuse by empowering children, families and communities. With our partners, we offer services that bring about measurable progress towards five key indicators of the well-being of every child: safety, life skills, education, health and work.
Valerie Villarreal Education (956) -240-3376 valerie.villarreal@upbring.org
Copyright 2021 GlobeNewswire, Inc.
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