On Friday, September 1, 2023, Endaoment announced its launch on the Base Layer 2 network, and published the following press release.
Crypto Giving Goes Multichain: Endaoment Expands Beyond Ethereum to Integrate on Base
New York, NY (August 31, 2023) – Endaoment.Org, the first onchain 501(c)(3) nonprofit community foundation and donor-advised fund platform, is expanding its platform to Base, an Ethereum Layer 2 (L2) network incubated within Coinbase. Originally available exclusively on Ethereum, Endaoment’s deployment on Base makes crypto giving more accessible while reducing transaction costs, making small gifts more affordable for donors. The deployment brings more than 7,000 new verified donation endpoints for nonprofits across 150+ countries.
“The future of giving is onchain,” said Robbie Heeger, President and CEO of Endaoment. “With these integrations, Endaoment is making it easier than ever for nonprofits to tap into new donation streams and for donors to receive immediate tax benefits. Never has it been easier or cheaper to open a donor-advised fund on Endaoment, and that’s thanks to the amazing scalability enabled by the OP stack and Base.”
By integrating with a Layer 2 network, Endaoment is opening new donation revenue streams for nonprofits and ensuring more funds go directly to a cause, rather than fees. Going cross-chain allows instant tax deductions for donors giving from Base, increasing accessibility for both donors and developers that want to integrate giving capabilities into their own products.
"The integration of Endaoment on Base isn't just a technical feat; it's a shift in how we approach charitable giving in the digital age," said Jesse Pollak of Base. "We're thrilled to be part of this revolution," said Jesse Pollak of Base.
Endaoment.Org is the first onchain 501(c)(3) public charity, established with the mission of managing and encouraging the charitable contributions of digital assets. Federally tax-exempt under Internal Revenue Code section 501(c)(3), Endaoment is built to facilitate tax-deductible donations of more than 1,000 cryptocurrencies to any nonprofit in the United States, providing philanthropic financial services to the blockchain community and introducing nonprofit organizations to the benefits of blockchain technology. Donors can give through Endaoment using its Donor-Advised Funds, Community Funds, and Direct Donations, all of which charge industry-low fees to maximize throughput to recipient organizations. For more information on how to give and receive donations via Endaoment, as well as details on its ongoing decentralization, visit https://endaoment.org/.