At most Donor-Advised Funds, you get charged based on assets held in your DAF. Depending on your DAF provider these fees can reach as high as 4%+ annually.
We think your donated assets should make their way to organizations, rather than sitting in a DAF racking up fees.
Instead of charging annual fees based on assets in your DAF, we charge 1.5% of total contributions.
Major providers often require a minimum fee of $500, plus a minimum donation of $5,000 or even $25,000 to open a DAF.
Opening an Endaoment Donor-Advised Fund only requires the 1.5% fee of total contributions (see breakdown below) and covering the cost of creating your Fund's contract address on the Ethereum blockchain (~$15).
Donations to an Endaoment DAF must meet specific criteria, but can be significantly smaller than other DAF providers. Our minimum donation size is just $500.
Grant Recommendations also have low minimums at $500 per grant.
0.5% Inbound Fee
When you initially deposit cryptocurrency into your DAF you'll only pay 0.5% of the USDC generated from the sale to support Endaoment's work.
1.0% Outbound Fee
After a grant recommendation is approved by Endaoment, we'll send along your funds less 1.0% of the total granted amount to support Endaoment's work.
Industry Fees Comparison
US DAFs, on average, grant out 22% of their initial value each year. In the below scenario, imagine a donor who gradually drew down on their DAF over the average ~4.5 year period.
The result: total lifetime fees for Endaoment users is 1.5%. Comparable fees at other DAF providers are larger and continue to accrue over time.
Fewer Fees = Enhanced Grant Impact
We think the current industry standard goes against the original spirit of DAFs by keeping money in the fund instead of granting directly to nonprofits in need. That's why we chose to earn the majority of our fee-based revenue when you deploy your DAF capital into the organizations & communities you care about.
Direct Donations are subject to the same fees as all donations to DAFs and Community Funds - with Direct Donations, both fees are applied simultaneously when the gift is contributed.