During the advocacy group's Dec. 15, 2015 board meeting, Executive Director Bruce Fentonsaid additional funding is needed to retain employees. At least $7 million disappeared in two years. Total assets were $12,553.06 as of Nov. 30.

Fenton said the foundation, which sponsors conferences, lobbies, and offers technical support for bitcoin, has to raise funds fast. He said cold calling ex-members has been considered. He is working on marketing materials to explain the organization's purpose to prospective donors.

Foundation Value Questioned

Jim Harper, a senior fellow at the Cato Institute and a foundation board member, questioned whether the organization provides enough value to members to warrant its continuation, according to meeting minutes. Harper said asking for money is just throwing it away.