The Lifeboat Foundation, an organization claiming to protect humanity, has been linked to notable figures like Jeffrey Epstein and Vitalik Buterin. Despite its non-profit status, it has been on the US Internal Revenue Service's automatic revocation list since 2020. The foundation has accepted cryptocurrency donations since 2013, receiving its first donation of 500 bitcoins from Brian Cartmell. It currently holds a substantial amount of cryptocurrency, which it hasn't converted into legal tender.

The foundation's donors include Jaan Tallinn and Charlie Shrem, with a total of over 1100 bitcoins and 190 Ethereum received. However, most donors are businesses seeking to enhance their online presence by displaying their names and links on the website. This raises questions about the foundation's legitimacy and its handling of donations. Its continued presence on the IRS's automatic revocation list adds to the concerns.

The Lifeboat Foundation's tax status and handling of cryptocurrency donations have sparked controversy. While it claims to be a non-profit organization, its presence on the IRS's revocation list suggests otherwise. The foundation's acceptance of cryptocurrency donations without converting them into legal tender also raises eyebrows. This lack of transparency has led to questions about the organization's true intentions and its use of donations.

The association with notable figures like Jeffrey Epstein and Vitalik Buterin adds to the scrutiny. Epstein's involvement in illegal activities and Buterin's controversial statements have raised concerns about the foundation's connections. The foundation's legitimacy and handling of donations are under question, and its continued presence on the IRS's revocation list only adds to the suspicion.

In conclusion, the Lifeboat Foundation's cryptocurrency holdings and its tax status have raised significant questions about its legitimacy. The foundation's handling of donations and its connections to controversial figures have sparked controversy. As the organization continues to accept cryptocurrency donations, its transparency and intentions remain under scrutiny.