Organization FAQ

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 Fund and Organization digital smart contracts (the software governing the movement of funds) was audited by industry leading blockchain research firm OpenZeppelin.

Check out OpenZeppelin's audit report on our contracts.

How does an organization receive grants awarded through Endaoment?

Once you have claimed your organization and a grant has been made and approved for your organization, we will be in touch via e-mail to let you know you have a grant ready to be transferred to your organization.

We'll confirm your preference for delivery of awarded funds and transfer the assets to your organization.

Are there restrictions on money we receive from Endaoment?

Currently there is no limit to how much money your organization can receive from Endaoment.

However, as with other DAFs, the donor is permitted to provide specific instructions for the use of the grant.

Will my organization have to hold crypto currency?

No. All grants awards are made in dollars.

We suggest receiving grant awards as USDC, a "digital dollar" that's always redeemable 1:1 for USD. Alternatively, we can securely process a wire transaction to get granted funds into your organization's bank account for a small fee.

If I want to get set up with a crypto currency wallet, how should I get started?

We recommend you use MetaMask, as they've simplified the process and is the go to site for our Endaoment employees.

Read our how-to for getting setup with MetaMask here: Create a Crypto Wallet

Will I know who is giving what money? What information will you provide me on the donor?

Yes, should the Donor choose to be disclosed.

Just like when you receive granted dollars from a traditional DAF provider, Endaoment will provide you with some basic identifying information about the donor should choose to have it disclosed. This information will be included in our Grant Award Letter to your organization.

If an existing donor wants to donate crypto currency to my organization, where should I direct them?

Send them to Endaoment! We'll on-board them through to our system and assist as they attempt to donate crypto currency to your organization.

Is there any benefit to my organization creating a crypto currency wallet and holding USDC tokens vs. asking for a wire transaction to our bank account?

Yes - there are some clear benefits to using a crypto wallet to withdraw your granted funds.

If you get a wire to transfer the funds into your bank account, you are responsible for paying the $25 charge for the wire (which is deducted from the granted amount), and it can take up to a few days to complete.

However, cryptocurrency can be transferred to your organization's wallet almost instantly for no fee—we cover the transaction cost.