Thanks for explaining yourself well 😉

Yes donations will be spent (in most cases)

Most smaller charities do not yet have an endowment or have even thought about strategic future funding plans.

So in 90%+ of the situations most charities will 100% spend the donations.

Which is to my point in some respect; if we donate in BTC that isn’t necessarily the easiest way for a charity to spend the donation.

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I’m not looking at your OP but I THINK you mention Charity Water or similar larger charity that accepts crypto.

For those larger ones, and CharityWater is even more unique as they have separate operational and missional budgets / donors, they are better off keeping the BTC for future strategic funding.

And CW specifically, does a lot of their work in developing countries wherein BTC is a medium of exchange. So they may have more opportunity to utilize (spend) the donated BTC with less friction.

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Those where my thoughts when I first read your post 😁