Endaoment

Endaoment is a California Nonprofit Public Benefit Corporation, federally tax-exempt under IRS code section 501(c)(3), that operates a web-based platform for donor-advised funds (DAFs) and direct charitable donations. Donors can contribute cash, stock, cryptocurrency and private assets, hold and invest the proceeds tax-free, and recommend grants to US 501(c)(3) organizations; the site states that more than 1.8 million nonprofits can be reached and that recipients need not be onboarded in advance, with payouts delivered to a nonprofit's linked US bank account via Chariot. Endaoment handles liquidation, tax receipts, compliance and off-ramping of digital assets into US dollars on behalf of recipient organizations [0][4].

The platform is described as built onchain and powered by smart contracts. A separate software development firm, Endaoment.Tech, builds the Endaoment Protocol and the web interfaces used by the charity, while Endaoment.Org operates the charitable entity; the two entities jointly announced a combined 2022 fundraise [2][6]. Endaoment.Tech is described as a Delaware-based technology company founded in 2019 that develops blockchain protocols for tax-compliant planned giving and wealth management for digital-asset holders [6].

Beyond individual donors, Endaoment markets to financial advisors (advisor-managed portfolios with no minimums, a one-time 1.5% administrative fee), nonprofits (free processing and public profile pages for every 501(c)(3), plus quarterly bonuses via a "Universal Impact Pool"), and institutions such as fintech platforms, custodians, community foundations, TAMPs, exchanges, brokerages, family offices and tax software vendors, which can embed giving through plug-and-play APIs, white-label products, SSO and custom integrations [0].

Founding story

Robbie Heeger, a consumer technology operator, founded Endaoment in 2019 and serves as President and CEO [2]. Endaoment.Tech, the affiliated Delaware technology company that builds the protocol, was also founded in 2019 [6]. The charity received its IRS ruling in 2020 [5] and publicly launched around late 2020, marking its first anniversary in November 2021 [7].

Business model

Endaoment operates as a public charity/community foundation rather than a conventional commercial vendor: donors contribute assets into donor-advised funds, community funds or direct donations administered by Endaoment.Org, and the organization charges fees on donations to cover administration. Its site states donors pay a one-time administrative fee of 1.5% plus competitive expense ratios, and that nonprofits receive donations at no cost to the organization [0]. A separate entity, Endaoment.Tech, builds and administers the underlying protocol and interfaces [2][6].

Fee-based: a one-time 1.5% administrative fee on donations plus investment expense ratios, with the platform positioned as industry-low fee and free to recipient nonprofits [0]. The organization also raised a mix of charitable donations and investment capital across its charity and technology entities [6].

Traction

At its first anniversary in November 2021 Endaoment reported surpassing $7 million in total donations, distributed to more than 100 nonprofit organizations, with six active public community funds and support for over 150 cryptocurrencies [7]. By the July 2022 funding announcement, it reported facilitating more than $42 million in charitable giving, distributing over $25 million to hundreds of nonprofits, onboarding more than 500 501(c)(3)s into its ecosystem, supporting over 1,000 cryptocurrencies and providing infrastructure to more than 1.5 million organizations [6]. Its current site cites 1.8 million-plus reachable nonprofits [0].

Latest developments

The company's current site and documentation emphasize expansion beyond crypto-only giving into stock, cash and private assets, advisor-managed portfolios with no minimums, and institutional distribution via plug-and-play APIs, white-label offerings and SSO for fintechs, custodians, brokerages and community foundations, with nonprofit payouts routed through Chariot and a "Universal Impact Pool" providing quarterly bonuses to fundraising organizations [0][4].