Goal reached to support critical cancer research.
The American Cancer Society has announced it has met its goal to fund the first $1 million round of the Cancer Crypto Fund to support cancer research. The announcement comes a year after ACS created the fund to support the organization’s lifesaving work, coming out of the COVID-19 pandemic.
“This $1 million milestone proves that crypto philanthropy could significantly impact our mission moving forward,” Kael Reicin, chief financial officer, said in a news release June 10. “To explore its full potential, we’re working to integrate this new approach to giving across our fundraising initiatives. This emerging space will be a powerful force as we work toward a world without cancer.”
Bitcoin was introduced to the public more than a decade ago. For ACS, cryptocurrencies have opened new avenues for donor investment. An example is SheSurvives, a 10,000-piece art collection that celebrates and supports breast cancer survivors, which is donating 40% of proceeds of initial and secondary sales of its non-fungible tokens (NFT) to ACS. That effort has raised more than $16,000 since the end of March.
ACS accepts various cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Litecoin, and many more. More information on crypto giving including a donation portal is available at cancer.org/crypto.