> ## Documentation Index
> Fetch the complete documentation index at: https://docs.endaoment.org/llms.txt
> Use this file to discover all available pages before exploring further.

# Investment Portfolios

> Deploy dollars from any Endaoment Fund into board-approved traditional and digital asset portfolios.

You can grow philanthropic capital over time and increase the amount you're able to grant out to 501(c)(3)s. With Endaoment, you can enjoy the broadest range of portfolio options available. Enter any portfolio that is below its cap at any time, and exit whenever you are ready to grant out funds.

<Info>A **cap** is the protocol-wide limit for the amount of assets (measured in dollars) that can be deployed in a particular portfolio. **Caps** are used to ensure that Endaoment remains compliant with prudent investment standards and board-approved risk levels.</Info>

All portfolio options go through a rigorous vetting process and must be board-approved before being made available to Endaoment users, it's important to remember that all portfolios bear some risk. Please make sure to consider all relevant risks before deploying fund capital, as Endaoment is not responsible for the performance of any portfolio or underlying asset. In order to safeguard overall platform assets, Endaoment retains the right to force exit any portfolio position at any time, as described in the [Crisis Response & Emergency Action](/governance/documentation/investment-policy) section of Endaoment's Investment Policy.

## Investment Portfolio Fees

This page describes portfolio costs on **Endaoment App** (self-serve donors and advisors). Embedded or advisor-managed **AUM** partner programs use a different Endaoment product lane ([fee schedule · claim scope](/donors/resources/fee-schedule#what-this-schedule-is-and-is-not)).

Once funds enter a DAF, all funds are allocated according to the target allocation. The default target allocation takes advantage of onchain stablecoin yield opportunities. Target allocations can be updated at any time. Fund positions are rebalanced regularly and automatically by the Endaoment platform. Standard App portfolios are categorized as `crypto assets`, `traditional assets` (**T+N**, brokerage/custody settling on a trade-date-plus-N-business-days rail), or impact-aligned options.

On Endaoment App, crypto and impact portfolios have a **\$0** Endaoment portfolio fee. Traditional (T+N) portfolios carry the custodian/brokerage expense ratio shown on the portfolio page. Those costs also appear inside transaction summaries.

You can also add an [Advisor-Managed Portfolio](/advisors/portfolios/advisor-managed-portfolios) so an advisor manages positions on their platform. Any **advisor** management fee is separately disclosed by the advisor and is not an Endaoment administrative fee. AMPs have a **\$0** Endaoment portfolio fee under this App schedule.

### Crypto Asset Portfolios

#### \$0 portfolio platform fee

Crypto-native portfolios have a **\$0** Endaoment portfolio fee.

### Impact Investment Portfolios

#### \$0 portfolio platform fee

Board-approved impact portfolios have a **\$0** Endaoment portfolio fee. Any underlying fund expense ratios are shown on the portfolio page.

### Traditional Asset Portfolios

#### \$500 Minimum

When entering a traditional asset portfolio, there is a **\$500 minimum investment size**.

#### Custodian / brokerage expense ratios

Traditional portfolios carry the underlying expense ratios charged by our brokerage/custodian partners. These costs are presented as an all-in expense ratio during the portfolio flow and [in-app](https://app.endaoment.org/portfolios).

#### 0.00% Exit Fee

**There is no exit fee in portfolios.** To encourage the movement of philanthropic capital off the Endaoment platform and into the hands of other 501(c)(3)s, we're committed to maintaining fee-less exits from all portfolios.

### Advisor-managed and specialty positions

Advisor-managed and specialty positions may involve **separately disclosed** advisor or custodian costs. See [Advisor-Managed Portfolios](/advisors/portfolios/advisor-managed-portfolios).

<Info>If you're looking for information on applicable administrative fees for donations and/or grants, check our [fee schedule](/donors/resources/fee-schedule).</Info>