Fee Schedule & Comparison
At most Donor-Advised Fund (DAF) providers, you get charged based on assets held in your DAF. Depending on your DAF provider these fees can reach as high as 5%+ 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 a 1.5% on total contributions, and do not charge fees on idle USDC.
If you’re looking for information on investment portfolio fees, check out the investment portfolios page.
No Minimums
Major providers often require a minimum fee of $500, plus a minimum donation of $5,000 or even $25,000 to open a DAF. At Endaoment, there is no required DAF initial donation size, and no charge for opening a DAF!
Donations and grant recommendations have no minimum size!
0.5% Inbound Fee
When you initially make a donation of any asset into your DAF you’ll only pay 0.5% of the donated asset 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. Even the most price competitive DAF providers in the industry would end up charging upwards of 2.5% during the same time period, +65% more than Endaoment!
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.
Partner Fees
At Endaoment, we work with a number of partners to help connect us to a variety of impact oriented organizations and allow receipt of a variety of assets. Occasionally these partners have pre-existing relationships with these organizations and charges additional fees, like fees on donations received or associated with subscription services.
In 2Q23, we penned an agreement with the US 501c3,GlobalGiving, which enables us to add over 3,500 international organizations to our list of charitable endpoints. GlobalGiving retains 5% of donations raised by their partner organizations through Endaoment in order to sustain their own operations and provide services like fundraising workshops, community building, and disaster response.
Also in 2Q23, our technology provider, Endaoment.tech, penned an agreement with The Giving Block (TGB) to enable nonprofits on TGB’s platform to receive donations made via Endaoment’s platform to their existing wallet set up. TGB has independent agreements with each of their supported organizations, and each is associated with its own fee level.
In 4Q23 Endaoment executed agreements with both RenPSG (via The Giving Block) and Stripe to allow for seamless donations of stock via brokerage account and cash via bank account or credit card.
When a stock donation is received & liquidated into USDC, our partners RenPSG/TGB charge a 2.5% transaction fee which is added on top of standard Endaoment fees.
While all pricing information is available in app as donations are made, please see here for specifics of the many ways you can give using Stripe.
We’re in the process of marking GlobalGiving and The Giving Block supported organizations within our application for transparency, but if you have any questions feel free to reach out.
In 1Q24 Endaoment began offering traditional non-blockchain assets in its portfolios. In addition to any fees charged by Endaoment, these portfolios are subject to additional fees charged by our brokerage partners. All fees charged are displayed in each portfolio’s page and inside transaction summaries to provide you transparency and assistance when making decisions about new allocations. These fees are presented as an all-in expense ratio, with no hidden fees.