United Way now accepts Bitcoin transactions in lieu of cash donations; its new Innovation Fund hopes to raise $2 million through digital currency.

"United Way Worldwide is now accepting donations in Bitcoin, the organization said Monday, making it one of the largest nonprofits yet to wade into digital-currency fundraising. United Way is soliciting Bitcoin for its new Innovation Fund, says the nonprofit’s chief executive Brian A. Gallagher, which will support new approaches to efforts in education, health, and other areas. In addition to accepting Bitcoin, the nonprofit will raise money—in dollars—from corporations and individual donors with a one-year, $2-million goal for the fund, Mr. Gallagher says." -- Megan O'Neil, Chronicle of Philanthropy