Crypto Altruism Podcast Episode 109 - Angel Giving - Crypto philanthropy through the highs and lows of Web3
In episode 109, we’re excited to welcome Chauncey St. John, Founder of Angel Giving, a web3 platform with a mission to democratize access to growth funds so any nonprofit organization can achieve a more secure financial future. We discuss how Web3 can improve charitable endowments and other giving tools, navigating the highs and lows of Web3 as a nonprofit, advice for nonprofits who are hesitant to engage with Web3, building through challenging times in the Web3 ecosystem, and much more.
Three Key Takeaways
Traditional charitable fundraising methods, such as grant seeking and corporate sponsorships can be unreliable, leaving many nonprofits in a consistent state of precarity. Web3 offers innovative new fundraising tools to help nonprofits escape this cycle of precarity and build towards financial sustainability.
Large nonprofits have long had access to charitable endowments which are largely inaccessible to smaller nonprofits that don’t have large financial capital to put forward. Web3 can change this by providing this game changing tool to nonprofits of all sizes, regardless of the size of their balance sheet.
Web3 has faced a lot of adversity lately, including the collapse of prominent crypto exchanges and projects. While painful, this adversity may have been necessary to “clear the way for new growth” and allow the space to mature and come back stronger.
Follow Chauncey and Angel Giving
Episode Time Stamps
02:15 - What was your “Ah hah” moment that got you excited about cryptocurrency and web3 in the beginning?
05:15 - Over a year ago I had the pleasure of welcoming Tim from Angel Giving (Angel Protocol at the time) for a fascinating chat about crypto philanthropy. A lot has changed since then. Do you mind giving listeners a high-level overview of Angel Giving and what has changed?
12:25 - What makes charitable endowments such a powerful tool for nonprofits looking to grow their fundraising capacity?
15:30 - As someone who has worked in the charitable sector for over a decade, I’m aware of the challenges faced by nonprofits including precarious funding and a lack of unrestricted funds available to support their operations. How can Web3 help address this?
25:05 - Angel Giving has faced a lot of adversity, including persevering through the collapse of Luna in May 2022. Tell me more about this and some of the key lessons from this challenging time.
35:15 - Many nonprofits have been turned off from crypto due to the recent collapses and incidents involving bad actors. What would you say to them? Why should they engage with Web3?
41:35 - I understand that you have a lot of exciting developments in the works right now, including rolling out Donor Advised Funds, widgets for charities’ websites, and deploying on the Polygon network. Tell me more about what’s coming up for Angel Giving in the next 1-2 years.
49:55 - What’s the best way for listeners to learn more about Angel Giving?
50:55 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
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