The Bitcoin Water Trust is an exponential growth fund for clean water

How does the Bitcoin Water Trust operate?

The Bitcoin Water Trust is a cryptocurrency fund that will accept and hold bitcoin donations to charity: water until at least January 1, 2025. After January 1, 2025, we will use commercially reasonable best efforts to keep bitcoin as bitcoin before converting to fiat currency. The donations will be used to fund clean water projects around the world.

What cryptocurrencies does the Bitcoin Water Trust accept?

For now, the Bitcoin Water Trust only accepts BTC. If you would like to donate with another cryptocurrency, you can donate directly here. Direct donations will be converted into fiat and used to fund clean water projects for communities with immediate needs.

Can I donate anonymously?

Absolutely. However, tax receipts can only be prepared for donors who provide an email address.

If you’re looking for a tax receipt, but don’t want to be named on the leaderboard, simply choose “Donate With Tax Receipt” and use a pseudonym. Your pseudonym will appear in place of your real name on the leaderboard, and we’ll deliver your tax receipt via email.

Is my donation tax-deductible?

The simple answer is yes—in most cases. Our team will prepare tax receipts for any donor who provides an email address. If you donate anonymously, we will not be able to provide you with a tax receipt.

More specifically, all crypto donations are made to our US-registered charity. Charity Global, Inc. is a tax-exempt 501(c)(3) organization in the USA and a registered public benefit organization (ANBI) in The Netherlands. US and Dutch donors are able to take tax deductions for donations to Charity Global, Inc. to the extent permitted by law. Donors based outside the US and The Netherlands should consult with a qualified advisor regarding the tax or equivalent rules covering deductibility in their applicable non-US jurisdiction.

Please consult with your tax advisor to determine whether your donation is tax-deductible in whole or in part. Nothing in this communication is intended to constitute legal or tax advice.

Will my donation be converted to fiat in 2025?

Ideally, no. We intend to keep all Bitcoin Water Trust donations as BTC when we begin using the fund to construct water projects in 2025 and beyond. However, if a local partner cannot accept Bitcoin, we will convert to fiat.

Is my donation refundable?

We will not be able to refund bitcoin donations. Please take care before initiating your donation.

Why don’t I see my name or pseudonym on the leaderboard?

Bitcoin transfers can take anywhere from ten minutes to a few hours. As soon as we confirm your donation, you’ll be added to the leaderboard. While every donation makes a difference, the leaderboard has a 0.0005 BTC minimum.

Why are you holding my donation until at least January 1, 2025?

We hope that your donation will appreciate in value over time and help us fund clean water for even more people around the world. We chose 2025 to allow for a full cycle to pass.

How will you hold my donation, and how do I know it will be secure?

We’ve initially partnered with Gemini to hold Bitcoin Water Trust donations in a secure cold storage wallet. As the fund grows, we intend to diversify our custodians for security purposes. No matter what, we will take every precaution to protect the security of your donation and the integrity of the Bitcoin Water Trust.

How much of my donation will be used for clean water?

Net of any transaction fees, we will use 100% of your remaining BTC donation to fund clean water projects.

Can I choose where you send my donation?

While you won’t be able to choose a specific country or community to serve, our experienced water programs team will work closely with local partners to determine where your donation will have the most impact. We currently have active water programs across 21 countries, and you can learn more about how charity: water chooses partners and allocates funds here.

Can I donate crypto to be used immediately for clean water?

Yes, you can donate crypto for immediate use here. By donating directly, you will bypass the Bitcoin Water Trust, and we will convert your gift to fiat. 100% will be used to fund clean water projects unless otherwise specified.

How much does it cost to bring someone access to clean water?

We expect the average cost to bring someone access to clean water in 2025 will be approximately 0.0005 BTC, while the average cost to bring an entire community clean water will be approximately 0.1625 BTC. The actual cost will also vary depending on the country in which we are working, the solutions we are implementing, inflation, and other factors.

What is the water crisis?

771 million people in the world currently live without access to clean and safe drinking water. charity: water has been working to end the water crisis alongside local partners and generous supporters since 2006, raising $550M with a community of donors from 150 countries, and funding projects that will serve 12.7M people across 29 countries. You can learn more about our work and why we believe everyone should have access to clean water here.

Has charity: water accepted crypto donations before?

Yes, we accepted our first bitcoin in 2014 and 569 BTC total before the inception of the Bitcoin Water Trust. Historically, direct crypto donations were immediately converted to fiat and used for clean water projects. If requested, donations were occasionally used to pay for operational costs.

How does charity: water cover operational overhead costs?

From the ink in our printers to our staff salaries, all of charity: water’s operational costs are covered by a generous group of 125 donors known as The Well.