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Newsday newsday.com 24 Nov, 2021 17:30 am

LI charities eye young donors flush with cryptocurrency

LI charities eye young donors flush with cryptocurrency
Long Island charities, eager to woo youthful donors flush with gains in cryptocurrency, are gearing up to accept donations of the digital money. Jeffrey Reynolds, president and chief executive of Gard

i pShare Tweet Email Long Island charities, eager to woo youthful donors flush with gains in cryptocurrency, are gearing up to accept donations of the digital money." Ken Cerini, president of Bohemia accountancy Cerini & Associates LLP, said crypto-philanthropy is poised for takeoff on Long Island.Reynolds said the FCA — which serves about 30,000 people per year on Long Island with addiction treatment, children's mental health and senior services — has begun working with a company to allow it to process cryptocurrency donations.-based The Giving Block, specializes in handling cryptocurrency donations for nonprofit organizations.

In September, The Giving Block said it was on pace to process more than $100 million in cryptocurrency donations in 2021 and projected to increase that to $1 billion in 2022."We're all scrambling to find out how to engage the new generation.

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