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Greetings all,

In this week’s 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.

Check it out: Donor Advised Funds (DAFs) for the Crypto/Web3 community: The Endaoment.org story :: with Robbie Heeger

Philanthropy in Web3

DAFs are a fantastic vehicle to buy you time AND help you give more money to nonprofits. I’m impressed by https://endaoment.org/; there are real and non-trivial tax advantages to using a DAF instead of rushing your giving at the end of the year, and I’d encourage you to talk to your tax advisor about how you can leverage DAFs effectively (especially if you are invested in crypto, where you can use Endaoment).

Overall, there are hundreds of billions of dollars locked up in DAFs in the USA alone. Part of the reason why this money hasn’t been deployed faster to NGOs is because of a lack of transparent and operationally efficient organizations that capture the heart and attention of donors.

This, in my opinion, is a HUGE opportunity for nonprofit DAOs (Decentralized Autonomous Organizations) to help move the needle here. Even if a DAO functionally operates more like a traditional organization (which won’t of course always be the case), the fact that voting proposals and money movement is on-chain and transparent itself is a game-changer.  

The hope is that this level of transparency and measurable impact would help move money out of DAFs and into the NGOs that can deliver tangible good for the world. In addition, direct giving outside of DAFs would also increase if impact was more clearly noticeable.

This is a good example of “Why Web3 matters”. More dollars can be deployed to NGOs doing positive work for our world in a way that hasn’t been possible before. We just need Web3 leaders/entrepreneurs to step up.

Have a great rest of your week!

~Will