What is Endaoment?

​Endaoment is a new public charity that offers Donor-Advised Funds (DAFs) built atop the Ethereum blockchain, allowing you to donate crypto to almost any U.S. nonprofit organization.

Is Endaoment a Legitimate Nonprofit?

Yes. Endaoment is a California-based Public Charity and Nonprofit Public Benefit Corporation, federally tax-exempt under IRS Rev. Code Sec 501(c)(3). Our EIN is 84-4661797.

See our IRS determination letter here:

Has Endaoment undergone a Security Audit?

Yes. Our smart contracts were audited by industry leading blockchain research firm OpenZeppelin.

What is, and why use, a Donor-Advised Fund?

A Donor-Advised Fund (DAF) is a charitable account for making grants to non profit recipients.

You add funds to a DAF to by irrevocably donating securities or property, without having to sell the donation for cash first. We take care of selling your contribution after you've donated.

As a result, DAFs are unique in that they let you donate property in its original form.

Why donate through Endaoment?

Endaoment DAFs lets you donate crypto assets in their original token form.

Donating cryptocurrency in original form has two important benefits:

1) The granted amount is equal to the present market value of the donation (i.e. you don't need to sell the asset, pay tax on the sale, then donate the proceeds, you can instead donate the entire asset) 2) The tax deduction could be equal to the market value of the donation

Imagine that Anonymous Alex has $25,000 of Ether. Let's assume they purchased 100 ETH initially at $100 ($10,000 total) and that the federal long term capital gains rate is 25%.

If Alex were to sell their ETH and then donate the proceeds, they would potentially pay $3,750 in taxes (on the $15,000 gain) making the final grantable amount $21,250. But if Alex were to donate the long-term-held Ether directly to a DAF, they'd potentially pay $0 in taxes and their grantable balance would be $25,000.

Is there a minimum contribution?

DAFs do not need to maintain a minimum balance. However, you will have to cover cost of creating a Fund contract on-chain.

Do nonprofits receiving my grants care if I'm using crypto currency?

We've got you covered. All grant recipients receive their awarded funds as USDC.

Organizations can choose to provide their own Ethereum Wallet to receive the USDC, or they can choose to provide US Bank Account details for direct deposit withdrawals provided via Circle. Aside from the form of currency they will receive, the only difference is that the direct deposit will require a small wire transfer fee (~$25), which will be deducted from the grant.

What currencies are accepted by Endaoment?

Endaoment DAFs use Uniswap to liquidate donations. We accept most tokens with a Uniswap exchange contract, listed below

ETH, WETH, DAI, USDC, MKR, HEX, SNX, PNK, sETH, UBT, LINK, BAT, WBTC, REP, KNC, RPL, NMR, ANJ, sUSD, imBTC, CNCC, LEND, TKN, ANT, BAND, JRT, XIO, UMA, TUSD, ZRX, REN, CBIX7, LRC, GNO, eINV, ESH, DZAR, SPANK, BUIDL, cDAI, CEL, RLC, BNT, RING, MLN, RCN, NEXO, AMPL, HXY, BLT, DATA, SNT, AUC, RDN, GEN, DIP, MANA, FUN, XCHF, OXT, LPT, HOT, DGX, DGD, RSR, LOOM, ENJ, FOAM, PAXG, TMV, GRID, XOR, AMN, SHIP, CMRA, SHUF, FXC, CMME, 0xBTC, DXD, pBTC, ULT, CHAI, RAISE, STA, VETH, AST, STAKE, LQD, SOCKS, PAN, aDAI, GST2, MET, MCX, VXV, MI, COT, ISLA, SALT, KEY, STORJ, TNT, TRST, DONUT, HEDG, MATIC, OCEAN, 1UP, USDx, PYRO, LEV, EBASE, ocDai, DRGN, C20, FTX, ENG, iDAI, cUSDC, CBI, FRM

Is there an option for recurring deposits?

At this time, no, you will need to make each deposit independently.

What is the spend down policy once my DAF is funded?

At this time, there is no spend down policy on funded DAFs.

Can I give anonymously?

No. At this time, only the Primary Advisor of a Fund may make donations. In order to create a Fund, you'll need to provide your name, email, and a U.S. mailing address.

Who can open a DAF at Endaoment?

In order to create an Endaoment Donor-Advised Fund, you'll need to provide us with your name, email address and a U.S. mailing address.

Can I withdraw from my DAF after funding it?

No. Gifts to DAFs are irrevocable and become the property of Endaoment upon donation. This is an IRS requirement on how DAFs must operate and is only subject to change based on IRA guidance.

Does Endaoment offer tax advice regarding charitable donations from my DAF?

Endaoment do not offer tax advice. Please consider working with a CPA or attorney to address your questions related to your tax burden.

How are donated funds held at Endaoment? Is there a possibility that they fluctuate in value after I've made a contribution?

While traditional DAFs invest your assets, causing your account to increase or decrease in value, Endaoment is based on a model that focuses on throughput and decreased cost where your funds will remain stable.

Once you make a donation to Endaoment using one of the crypto currencies we accept, we will immediately exchange those tokens for USDC in order for your assets to maintain a consistent value regardless of your granting timeline.

What are the fees associated with my Endaoment DAF?

Due to Endaoment's low overhead cost, Endaoment charges lower than average fees on DAF accounts, a 0.5% inbound fee on DAF contributions and a 1.0% outbound fee on DAF Grants for a maximum fee of 1.5% on dollars which have completed their journey from donor to DAF to nonprofit organization

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