Grants & Contributions
Security. Efficiency. Transparency.
Disrupting the charity industry with blockchain
Build trust with donors, recipients, and other stakeholders, reach the right people, and improve administration costs and efficacy. Show donors the difference their donation makes, acquire funds rapidly through crowdfunding and hand control to the people you help.
Non-profits range from NGOs the size of some governments to neighborhood organizations addressing local concerns. But they all need to work alongside communities, government, press and other charities to achieve their goals. Here are some key ways blockchain technology can facilitate that.
Automate administration
Smart contracts can automate common admin tasks, reducing strain on existing administrative staff and structures
Share data securely
Reduce data duplication and inaccuracies between organizations: use the same distributed ledger, secure and updated in real time
Trace individual donations
Blockchain creates a fully auditable chain of giving. Show donors exactly which person their money helped
Enable transnational donations
Show clearly where each individual donation came from and demonstrate tax and regulatory compliance
Establish verifiable identity
Blockchain can be a secure repository of verified identity, allowing those without documents to prove who they are
Accurately target aid
Ensure aid goes to the exact individuals who need it, checking their identities against the blockchain
Rapidly deliver emergency aid
Cooperate across agencies, geography and political borders to deliver emergency aid cohesively and rapidly
Donor anonymity
Anonymity correlates with larger donations; digital wallets can allow totally anonymous donations, eliminating ‘donation shaming’
Goal-based fundraising
Imitate the success of GoFundMe and Kickstarter goal-oriented crowdfunding, attracting donations for specific goals
Transform your processes and leverage the potential of blockchain in Grants and contributions:
Key challenges for Grants & Contributions
Grants & contributions face declining donations among the young, increasing scepticism over CEO pay and concerns about where donations end up. At the same time, they struggle with inefficient, underfunded administration, often can’t direct aid adequately and frequently see the most vulnerable and needy miss out.
OneLedger has extensive experience helping organizations improve performance in these key areas, including:
Administration inefficiency
Grants & contributions often struggle to create effective administration structures, resulting in avoidable waste
End-to-end giving chain
From donor to final recipient, Grants and contributions are unable to establish a verifiable giving chain
Emergency aid
Rapid responses are difficult to organize effectively, particularly when multiple entities are involved
Fundraising for specific goals
Grants and contributions with broader remits find it hard to effectively fundraise for specific events or goals
Donor anonymity
Some donors wish to remain anonymous, but there are no structures in place to achieve this
Recipient targeting
Vulnerable recipients lose out while stronger ones jump the queue. It’s impossible to target specific individuals
Cross-border donations
Foreign donations can result in tax difficulties for grants and contributions, or even loss of charitable status
Establishing donor trust
Donor trust is vital to charitable giving, but it’s eroded by lack of transparency
Recipient identity
25% of children in refugee camps have no official identification, leading to difficulty accessing services in adulthood