Donor Advised Funds (DAFs) for the Crypto/Web3 community: The Endaoment.org story :: with Robbie Heeger
In this episode of Ventures, my guest Robbie Heeger (https://www.linkedin.com/in/rheeger/) - President and CEO at https://endaoment.org/ - and I talk about how Endaoment allows crypto holders to create Donor Advised Funds (DAFs). We talk about how Endaoment works from both the donor side and the nonprofit side, the (very reasonable) fee structure, new token models in Web3 philanthropy, and the general practice of donating to DAFs in order to not rush the process of subsequently donating to nonprofits/NGOs.
1:20 - Tee-up for the episode. Why does Web3 matter? Why does venture building/investing matter?
1:44 - Robbie’s self introduction and intro to https://endaoment.org/
4:35 - How does Endaoment work (from the perspective of the donor)?
9:55 - Not all DAFs are created equal. How are Endaoment DAFs different? What types of organizations can be given to via Endaoment?
14:29 - How will Endaoment add additional coins/tokens to support internal DAF investing?
18:23 - What is the fee structure for Endaoment?
21:20 - Dollars sitting in DAFs - Over $200B ($160B in 2020) → https://www.wealthmanagement.com/philanthropy/wealthy-use-loophole-reap-tax-breaks-and-delay-giving-away-money
23:30 - Does Endaoment allow impact investing?
26:30 - Whole new set of toys/tools to work with in Web3 regarding giving/philanthropy. New token models, etc…
29:19 - Corgi in the video :)
39:39 - How does Endaoment KYC their nonprofits to ensure money is going to the right place?