Endaoment
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July 20th, 2022

Over the past few weeks, you may have noticed things looking a little shinier around the Endaoment ecosystem. Today, in advance of the second version of our application, we are pleased to be rolling out an evolution of our brand identity, along with a revamp of our main informational website, Endaoment.org.

While we’ve stayed true to our roots, Endaoment’s logo, color palettes, and visual styling have all received an uplifting and modernizing refresh.

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June 16th, 2022

On June 16, 2022, Endaoment.Org and Endaoment.Tech announced a $6.67 million capital fundraise, and published the following press release.

Recently, we have added an exciting new feature to our platform for nonprofits: Sponsored Projects. Now, organizations have the ability to fundraise around specific initiatives, sponsorships, or campaigns, and donors can give with greater precision towards the outcomes they connect with most.

When viewing a nonprofit profile on the Endaoment App, any sponsored projects are listed below the parent organization’s mission, as shown:

Click on a project’s card to be directed to its dedicated profile page. Here, you can learn more about the project, and make a direct donation or grant from your DAF.

Happy Earth Day! Throughout the month of April, Endaoment has been celebrating Green Giving in recognition of nonprofits working to conserve, protect, and advocate for our natural environment.

Org Deployment Drive

Each day leading up to Earth Day (April 22, 2022), Endaoment has deployed a new smart contract for a different environmentally focused nonprofit to the Ethereum blockchain, covering all associated transaction fees.

Each organization is now connected to the Endaoment App, giving them the ability to accept donations of cryptocurrencies as US dollars, at no cost. In addition to unlocking a new source of funding for these nonprofits, this raises awareness of their causes and missions amongst a new donor base in the web 3 ecosystem.

At Endaoment, we’re constantly looking for new ways to build effective crypto philanthropy solutions. From listening to our donors and orgs, we know that cryptocurrency holders need a straightforward, affordable way to give digital assets to their favorite causes, and that nonprofits need a low-cost, approachable means of accepting these gifts.

Today, we rolled out a new feature which delivers on both of these needs: Direct Donations.

Every Nonprofit Accepts Any Cryptocurrency

Every qualified US nonprofit organization is now equipped to receive crypto-backed donations directly via Endaoment, and every newly created qualified 501(c)(3) will be automatically added to our system.

Endaoment is dedicated to making it as simple as possible for holders of digital assets to give their gains to causes they care about. A crucial part of this mission is ensuring that donors are able to make informed choices about which nonprofits they contribute to. Last week, we rolled out an update to all of our Organization Profiles to aid in this decision making process.

Each nonprofit’s page on Endaoment now features a detailed breakdown of their operations, using public data provided by Candid’s GuideStar. This is sourced from the organization’s most recent 990 tax filing, and may not reflect the most recently ended tax year.

  • Total Revenue: All donations, payment, support from other nonprofits or government agencies, and income from investments received by an organization for the reported fiscal year.
  • Total Expenses: Sum total of all costs related to operation of an organization, including all payments made to employees and outside vendors.
  • Net Income: An organization’s total revenue, minus their total expenses.
  • Total Assets: The total value of all assets held by an organization, including any and all bank accounts, investments, real estate, equipment and inventory.
  • Total Liabilities: The total amount currently owed by an organization to third parties. Liabilities may include money borrowed from banks, unpaid accounts with vendors, and outstanding payroll or tax obligations.
  • Net Assets: An organization’s total assets, minus their total liabilities.
  • Program Expense: The portion of an organization’s total expenses specifically related to carrying out their mission.
  • Administrative Expense: The portion of an organization’s total expenses specifically related to operations and management of the nonprofit, including all payroll expenses and associated taxes.
  • Fundraising Expense: The portion of an organization’s total expenses specifically related to fundraising efforts.
  • Working Capital: The number of years an organization could continue operating, given their total assets and current burn rate.

Welcome to endaoment.eth on Mirror! To align more closely with our web 3 philosophy, we’re migrating our community publications here from Medium. Check back regularly for announcements and editorials from the Endaoment community.

2022 is off to a remarkable start for Endaoment, with a record-breaking month of giving.

With more than $2.3 million in cryptocurrency donated and over $1.7m granted to nonprofits, we saw more giving this January than any month in the first three quarters of 2021 (January through September).

This is an impressive level of activity during what is generally considered to be the slowest season for charity fundraising. (Nonprofits and community foundations typically see the vast majority of their donations towards the very end of the year, as donors seek to maximize their tax deductions.)

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January 25th, 2022

This article was originally published on Medium by Robbie Heeger on Nov 4, 2021.

A Most Magical Time of Year

November is here, the seasons are shifting, the pandemic is lifting, and at Endaoment, our favorite time of year is upon us: Giving Season.

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January 25th, 2022

This article was originally published on Medium by Robbie Heeger on Jun 2, 2021.

With $2.5m in new fundraising led by Framework Ventures, Endaoment is building the software and organizations necessary to offer community-powered, tax-friendly financial services.

Endaoment.org is the country’s first Community Foundation built specifically for Decentralized Finance. Our Donor-Advised Funds and Community Funds have collectively raised more than $2m for philanthropic causes.

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January 25th, 2022

This article was originally published on Medium by Robbie Heeger on Apr 27, 2021.

tl;dr: Seeded with a $1m gift of $SUSHI, the SushiSwap Community Fund is a new charitable donation vehicle organized around $SUSHI holders.

Endaoment’s new Community Funds will pool donations together to make sizable grants to nonprofits across a shared philanthropic mission, allowing everyone to collectively engage in giving back.

We’re grateful to several core contributors from the SushiSwap community for their generosity in seeding this new fund with a gift of 55,100 $SUSHI tokens, worth ~$1 million at the time of donation.

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January 25th, 2022

This article was originally published on Medium by Zach Bronstein on Jan 25, 2021.

Organizations can now choose to receive granted funds from Endaoment DAFs as direct deposit wire payments straight into their U.S. bank account.

Endaoment is the nation’s first DAF provider and the first 501(c)(3) public charity running on the Ethereum Mainnet.

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January 25th, 2022

This article was researched and written by Zac McClure, CEO, and Barrett Strickland, Head of Research at TokenTax, and originally published on Medium on Dec 17, 2020.

With year-end 2020 fast approaching, we asked our friends over at TokenTax to write this FAQ to answer some of the most common questions we get about donating crypto to a Donor-Advised Fund.

Note: Endaoment does not give tax advice. Please consult a tax professional when determining how a gift of crypto could affect your taxes.

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January 25th, 2022

This article was originally published on Medium by Robbie Heeger on Dec 16, 2020.

tl:dr — Endaoment has announced its partnership with the San Francisco Jewish Community Federation & Endowment Fund, offering cryptocurrency donations to its 1,100+ Donor Advised Fund accounts.

In a press release, Endaoment and the Jewish Community Federation & Endowment Fund unveiled a new partnership to bring cryptocurrency donation services to the Federation’s donor-advised fund program, which makes more than $200 million in grants annually to thousands of organizations around the Bay Area and beyond.

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January 25th, 2022

This article was originally published on Medium by Zach Bronstein on Nov 3, 2020.

tl;dr: Most of The Giving Block’s nonprofit partners can now receive grants directly from Endaoment Donor-Advised Funds.

Endaoment is the first nonprofit Community Foundation and Donor Advised Fund (DAF) provider built atop the Ethereum blockchain.