EP #171: Web3 Philanthropy with Alicia Maule and Steven Aguiar
Giving financially is a great way to get involved in a cause. But what if your financial wealth is in non-traditional assets…like crypto?
You’ll find out in this episode that crypto donors typically give more than cash donors. So, there must be a way! There sure is and it’s simpler than you might think to transfer value in from donor to non-profit. Fear not, Givepact is here to make it easy whether you are a philanthropist or a non-profit leader.
There is a lot of Web3 business talk out there and today’s episode will add to it but in an impactful way. Alicia Maule and Steven Aguiar are two highly motivated Web3 and philanthropy enthusiasts with a company that seeks to bring the to worlds together. Get ready to learn how to make a positive impact with your digital money.
What You'll Learn In Today's Episode:
How Alicia and Steven got into crypto philanthropy
How crypto donors typically give more than cash donors
What a decentralized network is
What non-profits need to use crypto for good
About Givepact’s business model
How non-profits should share they accept crypto donations
About Givepact's DAO
Insight about starting an organization of your own
Legal considerations before you start a DAO (this is not legal advice)
About Giving Tuesday and it’s effectiveness
About the relationships, Givepact is trying to develop
Steven and Alicia’s vision for the future
Ideas Worth Sharing:
“Crypto was popping off.” - Alicia Maule
“The majority of non-profits have no way to receive crypto.” - Alicia Maule
“Crypto donors give 82 times more than cash donors.” - Alicia Maule
“We hope every generation is more philanthropic than the next.” - Alicia Maule
“We wanted to design a platform where it’s easy for donors and non-profits to exchange value in this web3 economy.” - Steven Aguiar
“There’s a 30% transaction fee…” - Steven Aguiar talking about the Apple app store
“They’re afraid of crypto.” - Alicia Maule speaking about non-profits
“They have to announce to their audience that they accept it.” - Alicia Maule
“At the end of the day, all the pain points are taken away for the non-profit.” - Steven Aguiar
“It evolves based on your participation.” - Alicia Maule speaking about the Givepact’s impact on DAO token
“When you don’t, you offset your capital gains.” - Alicia Maule
“They’ve grown 27% over the last 3 years.” - Alicia Maule speaking about DAFs
“Over time, you’re impact grows.” - Alicia Maule speaking about investing the money in a DAF
“DAF accounts on average, there’s a 27% drawdown every year.” - Steven Aguiar
“Not everybody knows exactly what they want to do from a charitable perspective.” - Steven Aguiar
“Crypto is the fastest horse as far as emerging asset classes.” - Steven Aguiar
“2/3 of donations for the entire year come in between Giving Tuesday and the end of the year.” - Alicia Maule speaking about one organization
“It’s a low-risk opportunity for them to get involved.” - Alicia Maule
“Speaking of impact kind of lies at the intersection of business and impact.” - Bob DePasquale
“The donors are interested in it.” - Bob DePasquale speaking about crypto philanthropists
Resources In Today's Episode:
Alicia Maule - LinkedIn
Steven Aguiar - LinkedIn
Givepact - Website - LinkedIn - Facebook - Instagram - X - Slack
Bob’s Book - Personal Finance in a Public World
This week’s E-Impact Blog Entry
Episodes Referenced:
