Charity hack fixes your crypto CGT bill: Endaoment
Robbie Heegers Endaoment has facilitated the donation of over $30 million of cryptocurrency to 243 different charities. These donations come from altruistic cryptocurrency investors who are also partly motivated by reducing their tax burdens to Uncle Sam and keeping more of their profits.Born in Silicon Valley, Heeger, now in his early 30s, was exposed to entrepreneurship from a young age. Though he initially worked in big tech, he soon became so enthralled with blockchain that he dropped everything to pursue his new passion in 2018. This led him to create Endaoment, which he calls the....
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Multiple parties added capital to Endaoment, which aims to turn its ecosystem into a decentralized autonomous organization for donations — a charity for the people. Opportunities for cryptocurrency usage have risen over the years as digital assets have become more well known. One operation, called Endaoment, is aiming to put charitable giving in the hands of the people and recently secured over $2 million to further its endeavor. “Endaoment facilitates tax-deductible giving of cryptocurrencies via its Donor-Advised Funds, a kind of charitable financial account, where donors give assets to....
Charities are becoming more receptive to crypto donations thanks to the mainstream adoption of Bitcoin and other digital assets. Blockchain-based nonprofit organization Endaoment has raised more than $7 million for charities in its first year of operations, marking another major milestone for the rapidly growing cryptocurrency donations industry. Endaoment’s donor-advised funds, or DAFs, have been distributed to more than 100 nonprofits over the past year, the company announced Thursday. Endaoment said it has distributed roughly 60% of donated funds over that period, which is considerably....
Yet another stablecoin philanthropy initiative launched by Circle during the past year. Circle, the company that created the USDC stablecoin, announced a partnership with public charity Endaoment to create a disaster relief fund. The fund will help mid-western American communities impacted by last week's deadly tornadoes. The two entities hope to raise $1 million in grants to support the American Red Cross and local non-profits.Via Endaoment, blockchain enthusiasts will be able to directly contribute USDC or other cryptos using connected wallets with a minimum donation of $20. The funds....
The fund was establshed on Endaoment, an on-chain nonprofit organization that helps 1.5 million entities accept cryptocurrency donations. American business magazine Fortune has launched a new decentralized donations fund alongside nonfungible token (NFT) artist Pplpleasr, with proceeds earmarked for independent journalists and programs that foster journalistic integrity. The new Fortune Journalism PleasrFund was launched on the Ethereum blockchain through Endaoment, a charity-focused decentralized autonomous organization, the company announced Monday. So far, the fund has been allocated....
The hotly-debated legislation is no surprise to hard money supporters, as Cameron Winklevoss saying that it would "plunder" future generations. The United States tax bill which could hurt Bitcoin (BTC) and crypto holders will “continue the plunder of future generations,” Cameron Winklevoss argues.According to new estimates, the proposed Infrastructure Bill currently under discussion in Washington would pile on an extra quarter of a trillion dollars in debt.Bill may add $256 billion in debtAs the contentious bill makes its way through government, crypto voices continue to warn about a....