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About Community Funds
A critical next step for crypto philanthropy and Donor-Advised Funds
Donating to a Community Fund offers the same tax-free status and perks as donating to a DAF, but with a couple of key differences:
- Community Funds are open to the public - anyone can make donations into them.
- Rather than an individual advising the fund, grant recipients for Community Funds are recommended collectively by a group within the Endaoment community. In some cases, nonprofit recipients are curated by the fund managers around a specific cause, while other funds rely on their community members to generate lists of potential grant recipients.
The details of how a Community Fund is structured differs, based on the preferences of the fund's advisors and community members.
Please be sure to read through the description of the community fund you are donating to so you are aware of exactly how and where your donation is being granted.
Example Community Funds
The Stand With Asians Community Fund is a product of the collaboration between Pplpleasr, Uniswap, Endaoment, and the team at Stand With Asians. When an individual donates to the SWA fund, the advising board for the fund makes a decision on which organizations should receive new grants. This fund requires grantees to provide a 3-month update on the impact grants received. Grants made from this fund all share a common theme in providing assistance to the AAPI community.
The Crypto Carbon Offset Fund is a collaboration between Endaoment and three leading nonprofit carbon offset providers: Carbonfund.org, The Cool Effect, and The Bonneville Environmental Foundation. This fund is designed to equally distribute grants amongst the aforementioned nonprofits, each using those funds to directly purchase carbon offsets.
Protocol Community Funds
The next progression of Endaoment's Community Funds is to become protocol managed; rather than a few individuals or community leaders recommending grants, Endaoment's Protocol Community Funds decentralize the management of the fund to the deliberation of the associated DAO.
Donor-Advised Funds in the unique structure of Endaoment's Community Funds are unlike any philanthropic vehicle across the entire non-profit landscape. At Endaoment, we are very excited to continue to innovate our products, expand our offerings, and provide this service to our community.
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