Endaoment is a 501(c)(3) public charity that offers donor-advised funds (DAFs) and donations of any asset type to global nonprofits on the Ethereum blockchain.
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:
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See our 1023 packet here:
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Endaoment 1023 Packet
Endaoment allows you to donate stock, cash, or digital assets in their original form. This has several benefits:
Imagine that Anonymous Alex has $25,000 of Ether. Let’s assume they purchased 10 ETH initially at $1,000 ($10,000 total), and that the federal long term capital gains rate is 25%.
If Alex were to sell their 10 ETH worth $25,000 and then donate the proceeds, they would pay $3,750 in taxes (on the $15,000 gain) making the final grantable amount and taxable deduction $ 21,250.
However, if Alex were to donate their long-term-held Ether using Endaoment, they’d pay $0 in taxes and their grantable amount and taxable deduction would be $25,000.
We refer to a Donor-Advised Fund (DAF) as a “charitable checking account” for making grants to nonprofit recipients on your own time.
You add funds to a DAF by irrevocably donating securities or property, without having to sell the donation for cash first. We take care of selling assets after you’ve donated. This is a tax-advantageous way to donate complex assets.
As a result, DAFs are unique in that they let you donate property in its original form, receive the tax benefit in the given year, yet make grants to various nonprofits flexibly.
Yes! We’ve worked with world class financial and blockchain auditors like Michal Smith, Zeni, CoinSolv, Inc., SingerLewak LLP on our finances, and with blockchain security consultants LeastAuthority, and blockchain research firm OpenZeppelin on our smart contracts.
Don’t just take our word for it - take a look at our latest public financial audit report.
Yes! Endaoment natively supports donations and grants to all compliant US 501(c)(3) non-profits, and additionally supports over 4,000 international nonprofits in over 150 countries through a partnership with GlobalGiving.
We’ve got you covered. All grant recipients can choose to receive their awarded funds as US dollars via ACH or as USDC via wallet transfer, whichever they prefer!
Endaoment accepts cash, stock, complex assets including almost all ERC-20s, NFTs, and most non Ethereum tokens, as well. No other DAF provider has this type of asset coverage.
NOTE: Large donations may be subject to price slippage, depending on available liquidity. If you are concerned, please feel free to reach us at admin@endaoment.org
If you’d like to receive a tax receipt or open a DAF, no. (Issuing a tax receipt requires that we collect personal identifiable information.) Otherwise you are free to withhold personal information when distributing grants.
Learn more about how we protect and secure your data: Personal Data Usage & Storage
In order to create an Endaoment donor-advised fund or receive a tax receipt for a donation, you’ll need to provide us with your first and last name, email address, and mailing address.
No. All Gifts are irrevocable and become the property of Endaoment at the moment of donation.
Endaoment does not offer tax advice. You should speak with a CPA or attorney to address your questions related to your tax burden as well as any potential deduction associated with any charitable gift.
Yes! You can collaborate with a trusted advisor to manage your fund. By collaborating with an advisor, you grant them read only access to your fund, and allow them to make recommendations that appear directly in your UI, including making donations, making grant recommendations, as well as managing portfolio positions. You can read more about this feature here.
Once you make a donation to Endaoment we programmatically trade that donation for USDC and move the funds to your desired destination. If you would like us to hold assets in the form that they were given, please reach out before donating.
Yes. You can deploy philanthropic capital into any board-approved investment portfolios for a nominal fee, charged to the associated DAF. The currency is programmatically exchanged for the asset in the portfolio (or vice-versa on portfolio exit). Fees are discussed here: Endaoment Portfolio Fee Schedule, and you can find our list of portfolios here: Endaoment Portfolio List
Endaoment charges a tiered donation fee based on volume, and 1.0% on outbound on grants, with no annual or recurring fees. Never more than 1.5% - that’s it, once! We’re also generously funded by donors like you! As noted above, there are additional fees associated with portfolio positions, but such investments are completely optional.
Organizations never pay us a fee for receiving funds from Endaoment.
If a Fund shows no activity (grants or contributions) for one year or more, Endaoment will attempt to contact the Primary Advisor(s), other Fund Advisor(s), and/or any Interested Parties. If the fund remains inactive for another year after this notification (inactive for a total of two years), the fund may be closed and the fund assets may be distributed according to our Fund Agreement.
When a grant request is made, Endaoment may need to sell assets in your Donor-Advised Fund’s portfolio. The timing and method of liquidation are determined by Endaoment, taking into account portfolio allocation, market conditions, and liquidity needs. You can read more in our Policies and Procedures.
Grant requests are typically processed within a few business days. However, processing times can vary based on the complexity of the grant, the recipient organization’s responsiveness, and any required due diligence or restrictions. Some grants may take longer to be processed. You can read more in our Policies and Procedures.