Tennessee · Nonprofit
BITCOIN POLICY INSTITUTE
BITCOIN POLICY INSTITUTE (Tennessee) receives grants from 7 organizations whose IRS filings report $4,142,600 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($3,256,600). 3 of them have funded it in more than one year, and 93% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $3.3M
- Funders on record
- 7
- Grants received
- $4.1M
- Net assets
- $1.8M
What Bitcoin Policy Institute does
Mission
Bitcoin Policy Institute (bpi) is a non-profit, non-partisan organization that conducts research on bitcoin and emerging technologies, provides charitable legal support to defend bitcoin users and developers' rights, and educates the public and policymakers to protect civil liberties in the digital age.
As stated on its FY2024 Form 990.
Programs
On its FY2024 return the organization reported starting a significant new program.
In 2024, the organization launched the p2p rights fund as a charitable, public-interest legal program. The fund focuses on cases that raise significant questions about constitutional rights, due process, and the legal status of open-source, non-custodial bitcoin tools. The program helps courts and regulators understand complex technical issues, protects civil liberties, and lessens the burdens of government in regulating and adjudicating these matters. Support is provided based on financial need and the broader public-interest impact of the case.
Its own explanation, from Schedule O of that return (Part III, line 2).
Policy education - bpi produces detailed reports, fact sheets, infographics, and presentations in order to educate policymakers, journalists, and the public. This work is often independently valuable to key stakeholders, but it also serves as the foundation for further educational opportunities for the organization, including, but not limited to: one-on-one education sessions, webinars, congressional briefings, panel discussions, and conferences.
$820,414 spentof which $1,000 as grants48% of program spendingFellows program - bpi engages fellows to support their cryptocurrency research and analysis. Fellows are selected based on their subject matter expertise and are publicly listed on the organization's website. Fellows are paid a monthly retainer and required to produce work product in the form of op-eds, blog posts, and articles.
$239,646 spent14% of program spendingP2p rights fund the organization operates the p2p rights fund as a public-interest legal and educational program that advances its charitable mission to protect civil liberties and promote lawful technological innovation. The fund provides critical resources to subsidize defense counsel and sponsor amicus briefs in pivotal civil and criminal cases where the outcome is likely to shape the legal treatment of open-source, non-custodial bitcoin tools; strategically supports and finances affirmative impact litigation in carefully selected cases to establish clear legal precedents for the benefit of the public; and offers free or subsidized regulatory guidance to entities developing open-source software so they can comply with existing law. These activities are undertaken on a public-interest and financial-need basis, and are designed to assist courts and regulators, protect constitutional rights, and improve legal clarity for all participants in the ecosystem.
$647,167 spent38% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,707,227.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $451k to $1.8M (+307%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
100% of BITCOIN POLICY INSTITUTE’s revenue is contributions — more reliant on donations than three-quarters of its peers (88% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 3 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2022 → 2023: the base broadened from 1 funder to 4 funders, grant income rose $250k → $328k.
4 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 93% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of BITCOIN POLICY INSTITUTE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BITCOIN POLICY INSTITUTE leans on a few funders — its largest provides 79% of grant income and the top three 97%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BITCOIN POLICY INSTITUTE.
Largest funder’s share by year: 2022 100% · 2023 76% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
93% of BITCOIN POLICY INSTITUTE's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $275k that is directly attributable, 100% of it comes from funders outside Tennessee, across 3 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $3.9M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BITCOIN POLICY INSTITUTE runs a healthier operating margin than three-quarters of the 1,003 public benefit nonprofits its size.
this organization peer median middle 50% of peers· 1,003 public benefit nonprofits $1M–$10M, FY2024
Organizations like BITCOIN POLICY INSTITUTE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Tennessee
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 2 states
Screen this organization
A dated, signed PDF of the compliance screen for BITCOIN POLICY INSTITUTE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BITCOIN POLICY INSTITUTE?
- BITCOIN POLICY INSTITUTE (Tennessee) receives grants from 7 organizations whose IRS filings report $4,142,600 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($3,256,600). 3 of them have funded it in more than one year, and 93% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does BITCOIN POLICY INSTITUTE have?
- IRS filings report 7 organizations giving $4,142,600 in grants to BITCOIN POLICY INSTITUTE, 3 of which have funded it in more than one year.
- Who is the largest funder of BITCOIN POLICY INSTITUTE?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $3,256,600 in grants. The full list of funders is on this page.
- How can an organization like BITCOIN POLICY INSTITUTE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Tennessee. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Bitcoin Policy Institute →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2022–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing