Al Jalila Foundation, a charitable organization in the United Arab Emirates, has recently announced that it received permission to start accepting donations in digital assets. Accepting cryptos for donations makes it possible to receive funds through the fastest growing donation methods.
Accepting Cryptos Grows the Foundation’s Donation Channels
A UAE-based healthcare organization, Al Jalila Foundation, has said that it has received a nod to accept cryptos as donations from well-wishers. Accepting cryptos means that Al Jalal Foundation has become the first nonprofit organization in the UAE to do so.
In a statement released to the press, the Foundation indicated that it has partnered with a crypto platform to help facilitate funds transfer. However, it did not reveal the platform it has partnered with.
“As a philanthropic organization, we rely on charitable donations, and we are always seeking innovative ways to expand our donation channels for ease of convenience for donors from all around the world to support our programmes. Therefore, as an emerging source of fundraising, providing the opportunity to the growing number of crypto users around the world to donate to Al Jalila Foundation to causes that interest them is a win-win for us as a foundation and the donor community,” CEO Abdulkareem Sultan Al Olama said.
Furthermore, Olama lauded the decision, indicating that it made the foundation the first healthcare charity to accept donations in cryptos. This will also help to bridge the gap between fiat and digital currencies. The foundation joins other organizations accepting cryptos, such as Save the Children, which works with Cardano Foundation.
By accepting donations in cryptos, Al Jalila Foundation, which has received millions since its inception in 2013, opens a new channel to raise more through the methods preferred by Gen-Z and Millennial donors.