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What is Endaoment?

Endaoment is a nonprofit community foundation built atop the Ethereum blockchain, managing and encouraging the donations of any cryptocurrency to almost any US nonprofit organization.

In addition to direct donations, we also provide the first and only onchain donor-advised funds.

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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:

IRS Determination Letter

518KB

See our 1023 packet here:

Form 1023 Packet

518KB

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Has Endaoment undergone any Audits?

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.

You can also review our V1 and V2 technical audit reports.

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How does an organization receive grants awarded through Endaoment?

At Endaoment we offer two options: USD via ACH and USDC via wallet transfer. This can only occur after you go through the claim your organization step (see below) as only approved fiduciaries can accept grants on behalf of their organization. As soon as the grant is accepted, we’ll initiate the payout process. ACH payments typically arrive within three business days, digital wallet transfers are near instantaneous - both are free!

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How do I claim my organization?

See the Claim Your Organization section in How to Receive Grants. If you’re still stuck, send us an email at info@endaoment.org.

NOTE: If your bank account or wallet information changes, or you lose access to either, it is incumbent upon you to update Endaoment admins immediately.

Currently, you cannot route funds to a second bank account or wallet on the platform. Each organization can only be claimed once. It is up to the sponsoring or parent nonprofit to route funds accordingly.

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Will my organization have to hold cryptocurrency?

No. Organizations choose to receive grants as US Dollars via ACH or USDC via wallet transfer. Organizations can fully use Endaoment and receive granted funds without holding cryptocurrency or touching blockchain technology.

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

Endaoment will provide you with some basic identifying information about the donor (name and email address), should they choose to have it disclosed. This information will be included in our grant letter to your organization (delivered via email).

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If an existing donor wants to donate cryptocurrency 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 cryptocurrency to your organization. Or, feel free to send us an email for a more white glove approach. You organization’s page can be accessed directly by any donors at app.endaoment.org/orgs/##EIN## where you replace ##EIN## with your organization’s EIN.

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