Entrepreneur and prominent Web3 investor Carl Runefelt, known for his influence on social media under the alias Carl Moon, has recently made headlines by donating over $400,000 in cryptocurrency to the nonprofit organization Kids Operating Room (KidsOR). This organization is committed to providing essential surgical care to children in underserved areas across the globe.
Runefelt’s initiative to introduce crypto donations to KidsOR marks a significant shift in the organization’s fundraising strategy, aiming to tap into a new, broader base of potential donors. Garreth Wood, the co-founder and chairman of KidsOR, expressed to Cointelegraph that Runefelt’s contribution was nothing short of transformative. He described it as a “game changer,” emphasizing that it not only demonstrated the power of philanthropy in the digital age but also illustrated how innovative fundraising methods could unite those passionate about helping children worldwide.
In response to Runefelt’s generous donation, KidsOR has now partnered with the JustGiving platform, allowing supporters to contribute using cryptocurrency. This enhancement aims to streamline the donation process for global supporters who wish to contribute to the advancement of pediatric surgical care.
Runefelt shared his belief that wealth acquired from cryptocurrency comes with a responsibility to make a positive impact. His substantial donation will aid in the establishment of an operating theater and recovery room in Tanzania, as well as contribute to the development of a children’s hospital in Zimbabwe. He passionately urged others in the crypto community to recognize their potential to make significant changes in the lives of disadvantaged children globally, reiterating, “Whenever we make life-changing money, we should remember that it can be life-changing not only for us, but for thousands of children around the world.”
The inspiration for Runefelt’s philanthropic efforts stems from personal experiences; his younger brother, born with Down syndrome, has undergone more than 60 surgeries. Runefelt reflected, “If my little brother hadn’t gotten surgery, he wouldn’t be here today.” He is encouraging fellow cryptocurrency enthusiasts to step up and assist children in dire need of medical care, emphasizing a collective responsibility to support those facing similar challenges.
Since its inception in 2014, KidsOR has made remarkable strides, building over 100 pediatric operating rooms in 35 countries and facilitating more than 726,000 surgeries. Wood highlighted the profound impact each operating room has, stating, “With more support, we can go from helping hundreds of thousands of children to millions.” Despite recognizing the complexities involved in accepting cryptocurrency donations, Wood noted that Runefelt’s example has validated the approach, highlighting the potential inherent in this new era of philanthropy.
The transparency of cryptocurrency transactions is a key feature that Wood believes strengthens donor confidence, allowing them to directly witness the impact of their contributions. He noted that the transparency associated with crypto builds trust and accountability, facilitating a deeper connection between donors and the children whose lives they are improving.
Wood also pointed out that the core principles of decentralization and borderless access in the Web3 space closely align with global health equity—the notion that healthcare should be accessible to all, regardless of geographical location. He stated, “Philanthropy is the bridge that makes this vision a reality,” emphasizing that the integration of crypto in charitable giving can unlock much-needed resources for children around the globe.
The surge in crypto philanthropy is becoming increasingly evident; in 2024 alone, donations exceeding $1 billion were recorded as the sector continued to grow amid improving regulatory frameworks. The Giving Block reported an increase in nonprofits adopting cryptocurrency, with more than 70% of leading U.S.-based charities beginning to accept crypto donations, signaling a significant shift in the landscape of charitable giving.
