Donating to a Fund
Fund your DAF
A donation is an irrevocable gift of cryptocurrency to Endaoment. We take your contribution, exchange it for USDC via decentralized exchange provider Uniswap, and deposit it in your new Donor-Advised Fund. After the exchange is completed and deposited, we email a tax-deductible receipt detailing your gift.
Endaoment is the only completely on-chain Donor-Advised Fund provider! Operating on the Ethereum blockchain means all actions occur quickly, and are publicly verifiable using a blockchain explorer like Etherscan.
Now that you have your DAF set up, simply navigate to Endaoment's site, login, and then select the Fund you created in the Opening a Fund. If you are not sure where to locate your fund, click on you wallet address in the upper right hand corner of the screen and click
Dashboard, which shows a listing of all managed funds.
You can now determine how to make your donation. On the Fund page, click
You'll now have the opportunity to select the type of currency you'd like to make a donation of and receive an estimate of the final trade output value. Simply follow the prompts, confirm the donation amount, and sign the transaction using your wallet.
There is no minimum donation size!
If you are donating an ERC-20 asset, there will be an additional transaction to confirm as you first need to grant access to those tokens before you can complete the donation. This step is not required when donating Ethereum.
After confirming, you can click on the Etherscan link to view the transaction, or close the window and return at your leisure. Everything is happening on the backend, and you'll be notified via e-mail when the process is complete.
Please be patient, a number of transactions need to be validated on the blockchain in order for your DAF to be funded. This may take some time, depending on how quickly transactions are being mined globally.
Once the transactions are completed, you'll see a completed pop-up and the fund's balance will update accordingly.
While most DAFs are built on a model of annual fees that can add up to 5%+ per year, Endaoment's fee structure is built on a lifetime maximum fee of 1.5%; 0.5% on inbound donations and 1.0% on outbound grants.
This incentivizes throughput; keeping the preponderance of funds in a DAF moving to the organizations and communities that need it most.
Congratulations on funding your DAF - now it's time to recommend some grants.