Bitcoin Scholars Fund to Redirect Federal Taxes into K-12 Education
- The Bitcoin Scholars Fund launched on April 15, 2026, aiming to redirect $21 million from federal taxes into K-12 Bitcoin education by the year 2027.
- Donors receive a dollar-for-dollar nonrefundable federal tax credit up to $1,700 annually under the One Big Beautiful Bill Act (OBBBA), making contributions net-zero cost for individuals.
- Scholarship operations are set to begin on January 3, 2027, with Phil Geiger of Metaplanet as one of the advisors supporting this Texas-registered nonprofit.
- The fund operates as a qualified Scholarship Granting Organization (SGO) under Public Law 119-21, requiring at least a near-100% efficiency in directing donations towards scholarships.
The Bitcoin Scholars Fund utilizes the OBBBA to provide tax credits for donors contributing towards Bitcoin and financial literacy programs in K-12 education. This initiative is designed to make educational funding more efficient and transparent by offering tax incentives for donations.
By launching this program, the fund aims to support eligible students while providing an alternative model for public education funding through cryptocurrency-based scholarships. (Source)
