Endaoment, a California Public Benefit Corporation with a platinum seal of transparency from GuideStar based in San Francisco, is federally tax-exempt under Internal Revenue Code section 501(c)(3), serving as the decentralized finance industry’s Community Foundation. It provides Donor-Advised Funds through its web-application, enabling users to donate any major crypto to nearly any U.S. nonprofit. By creating a robust Community Foundation entity for the DeFi industry, Endaoment hopes to encourage the charitable giving of cryptocurrencies and the adoption of cryptocurrency technologies by nonprofit organizations. For more information, visit https://app.endaoment.org/
Here's what makes Endaoment so unique:
- As the first regulatory-compliant nonprofit built entirely on the Ethereum blockchain, Endaoment enables donors to earn tax deductions for giving through Endaoment’s platform while protecting donor anonymity.
- To facilitate donations, Endaoment has implemented a unique charitable giving vehicle called a Community Fund which acts like a Donor Advised Fund (DAF) and tasks community members closest to particular causes with managing and distributing funds on behalf of donors.
- Most recently, Endaoment has created community funds to support the Asian American Pacific Islander (AAPI) community and the fight against climate change.
- As it develops into a fully user-governed DAO, Endaoment is establishing itself as the first infrastructure for charitable giving that uniquely mirrors the values and structure of the DeFi industry.