A Donor-Advised Fund (DAF) is a charitable account owned and managed by a public charity (that’s us).
Standard DAFs have a Primary Advisor (that’s you), who donates assets to their fund. Those assets are sold immediately for cash and used to make grant recommendations over time to U.S.-based nonprofit organizations.
With a Donor-Advised Fund, you can deposit long-term capital gains assets to your DAF, and in many cases deduct the full value of the gift, offsetting taxable income.*
As a result, the DAF financial vehicle has exploded in popularity as families throughout the country incorporate them into tax-planning strategies and targeted community philanthropy.
Since 2019, more than $120 billion has been funneled into nearly 750,000 DAFs in the United States, accounting for over 12% of total individual giving. This translates to over $23 billion dollars making their way to nonprofit organizations.
Once funded, you can recommend grants of the funds in your DAF to a selection of more than 1.5 million nonprofit organizations throughout the United States.
When your grant is reviewed and approved by Endaoment, we’ll contact the receiving organization, on-board them into the Ethereum ecosystem and transfer them the recommended grant amount.
*Endaoment does not provide tax advice. Please consult with a licensed tax professional to further understand the impact of opening and contributing to a Donor-Advised Fund.