Endaoment
Content originally developed by TechSoup, with support from Filecoin Foundation
Endaoment is a non-profit platform that facilitates digital asset charitable donations and grants.
Website: https://endaoment.org/
HQ: San Francisco, California, United States
Active Markets: Global
Problem Addressed
Traditional charitable giving initiatives lack transparency in the delivery of funds, and are limited in scope by the types of value that may be contributed. Digital asset donations are a growing market offering benefits in the way of increased transparency of the delivery and new opportunities to give, including of NFTs.
Project Description
Endaoment is an on-chain, smart contract powered donation and grantmaking platform. The project is built on the Ethereum network, facilitating digital asset donations to qualified nonprofits and international organizations. Endaoment also permits traditional contributions, such as stocks or fiat.
Endaoment also offers Donor-Advised Funds (DAFs). An Endaoment DAF is a charitable account owned and managed by a public charity, in this case Endaoment. Donors contribute, for example, long-term capital gains assets often benefitting from the tax deductibility of the full value of the gift.
Uniquely, Endaoment donation pools, or Impact Pools, are quadratically funded, meaning the allocation of contributions to the pool are distributed out based on the number of donors contributing to a particular organization.
Business Data
Status: Active
Constituency Served: non-profits
Networks: Ethereum
Known Investors: Higher Ground Labs, Coinbase Ventures, Circle, Quiet, Alliance, Hypersphere, Cogitent Ventures
Additional References: N/A
Progress to date
In May 2023 Endaoment tripled the number of charitable organizations accepting crypto and digital assets through a partnership with GlobalGiving. This partnership additionally expands Endaoment’s reach beyond the US, with over 3500 international organizations added to their network.
In June 2023 Endaoment partnered with Etherscan, a block explorer and blockchain analytics platform, increasing transparency and accountability of donations made through the organization.
Business Model
Endaoment generates revenue through a 0.5% fee on incoming donations and a 1% fee on outgoing grants.
Traction
As of April 2024, Endaoment had facilitated $81.27 million in total donations and $45.61 million in grants, to 1.8 million organizations with an average grant support amount of $7.18 thousand.