23 min
Donor Advised Fund in the Crypto Space with Robbie Heeger, president and CEO of Endaoment The DIVI Crypto Podcast
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- Business
Today we’re talking to Robbie Heeger, president and CEO of Endaoment. In 2013 Robbie was living in a house with a bunch of roommates and one happened to be a recruiter that got placed at Ripple Labs. His friend came home from work and told Robbie he just doesn’t understand what the company does and could use his help. Robbie was working at Apple at the time, so he knew tech. They sat down with the Ripple documents and started reading about decentralized finance. Robbie says his mind was blown, and he just continued to fall down the rabbit hole. It wasn’t until 2017 that Robbie felt like the crypto scene could be a full-time job replacement. In 2018, he decided to pursue full time and in 2019 he started Endaoment.
Robbie says there is a lot of exciting movement in this space, including Endaoment’s being the first on-chain community foundation. Robbie says it was while reading about financial primitives that the seed was planted. Defy says if something exists in the traditional ecosystem in a centralized manner in traditional finance, then it should exist in a decentralized manner. Robbie says the concept of porting over financial primitives from traditional finance to defy really clicked for him. He decided he wanted to create a Donor Advised Fund in the crypto space. A DAF is where you can take property, stocks, or bonds and give it to a charity to sell, then advise on how money is spent. The upside to this is, since you don’t have to sell your charitable donation and give cash to the organization, you aren’t liable for capital gains tax.
Last month, Endaoment just passed a million dollars granted and distributed and also raised 2.5 million for their technology development company that powers their software. Robbie says right now they’re in the stage of trying to get the word out about what DAF’s are and how they work. Other similar ventures on-board all million and a half nonprofits one by one into the crypto ecosystem. Robbie says they use a publicly available API which scrapes the IRS database and takes organization provided data, surfacing all million and a half nonprofits. When someone makes the first recommendation to an organization, that organization is contacted and simply has to ob-board onto Endaoment and then the money is released to them.
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Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
Today we’re talking to Robbie Heeger, president and CEO of Endaoment. In 2013 Robbie was living in a house with a bunch of roommates and one happened to be a recruiter that got placed at Ripple Labs. His friend came home from work and told Robbie he just doesn’t understand what the company does and could use his help. Robbie was working at Apple at the time, so he knew tech. They sat down with the Ripple documents and started reading about decentralized finance. Robbie says his mind was blown, and he just continued to fall down the rabbit hole. It wasn’t until 2017 that Robbie felt like the crypto scene could be a full-time job replacement. In 2018, he decided to pursue full time and in 2019 he started Endaoment.
Robbie says there is a lot of exciting movement in this space, including Endaoment’s being the first on-chain community foundation. Robbie says it was while reading about financial primitives that the seed was planted. Defy says if something exists in the traditional ecosystem in a centralized manner in traditional finance, then it should exist in a decentralized manner. Robbie says the concept of porting over financial primitives from traditional finance to defy really clicked for him. He decided he wanted to create a Donor Advised Fund in the crypto space. A DAF is where you can take property, stocks, or bonds and give it to a charity to sell, then advise on how money is spent. The upside to this is, since you don’t have to sell your charitable donation and give cash to the organization, you aren’t liable for capital gains tax.
Last month, Endaoment just passed a million dollars granted and distributed and also raised 2.5 million for their technology development company that powers their software. Robbie says right now they’re in the stage of trying to get the word out about what DAF’s are and how they work. Other similar ventures on-board all million and a half nonprofits one by one into the crypto ecosystem. Robbie says they use a publicly available API which scrapes the IRS database and takes organization provided data, surfacing all million and a half nonprofits. When someone makes the first recommendation to an organization, that organization is contacted and simply has to ob-board onto Endaoment and then the money is released to them.
--
Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
23 min
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