Non Profit Development

Source:https://www.podbean.com/eau/pb-qvtzy-130b12fAlexis Miller, Donor Engagement and Strategic Partnerships Lead at Endaoment.org shares how crypto DAFs work and why nonprofits should start paying attention. When compared with traditional DAF payouts, Endaoment is showing 3x payout rate of funds- 22% to 58%.  We also discuss other ways crypto donors differ from traditional fiat donors. About Alexis MillerAlexis Miller is the Donor Engagement and Strategic Partnerships Lead at Endaoment, the first 501(c)3 community foundation built on the Ethereum blockchain. Alexis works to facilitate collaboration between nonprofit organizations and crypto donors. Before joining Endaoment, Alexis worked as a philanthropic advisor and a development professional. She earned a Masters in Social Work from the University of Pennsylvania and now lives in Washington DC.Resource LinksEndaoment Community Hub *includes a crypto 101 glossary – https://endaoment.notion.site/Endaoment website – endaoment.orgTwitter – @endaomentdotorgDiscord – discord.gg/endaoment   Rough Transcription [00:00:00] Well, we found a reoccurring guest, well I’ll say organization joining us today from endowment, and they are helping turn crypto holdings into crypto givings, which is a topic that I love. I just love it. I’m long crypto philanthropy. Alexis Miller donor Engage. Strategic partnerships Lead at Endowment is joining us today.[00:00:32] Kind of as a follow up to our conversation a year ago. We’ll put that in the show notes. And Alexis, after graduating from the University of Pennsylvania, Master’s degree in Social work, Went on to donor services officer and Baltimore Community Foundation. So definitely kind of one of us, as well as working at, uh, Associated Jewish Community Federation of Baltimore.[00:00:56] So now you have landed at endowment, and maybe for our newer listeners, can you explain what endowment spelled? Endowment? Mm-hmm. . I’m not pronouncing it right. I feel like you really have to put M faces on the Dow. Can you explain what. Yes. Thank you for having me, George. And for that introduction. So endowment, spelled E n d a o m e n T.[00:01:22] I always try to, sometimes people Google us and can’t find us because we’re spelled d a o, not d o w, like the traditional way. We are a 5 0 1 C three. Non-profit community foundation that essentially exists for the crypto community. So we are built on the Ethereum blockchain, so our actual non-profit entity structure is built using.[00:01:46] Blockchain technology, and we essentially serve as that community foundation resource. So we were created really to solve two problems. The first is to allow a tax compliant and easy way for donors to be able to give Crypto or NFTs. And on the flip side, allowing non-profits to be able to receive donations that originated in crypto.[00:02:10] No cost to the nonprofit. So that is a little bit of what we do. I will get into the details, but our kind of bread and butter is our crypto donor advised fund. So similar to other community foundations that offer a donor advised fund, charitable checking account. Essentially we do the same just using crypto.[00:02:30] Maybe we can make sure that this makes sense, because I feel like there was a lot of words with lots of words, a lot of acronyms, because that’s what technical people seem to enjoy doing by making a ton of acronyms. Maybe we start with the, as you were explaining, Dow and what that actually means. The d a o as I understand it.[00:02:52] What, what, what does that actually mean as it’s part of your name? It is part of our name, so, DOW stands for a decentralized autonomous organization and basically what that means. An organization or an entity where the decisions are being made by the community as opposed to like a top down approach. So having your CEO or your executive director make all of the decisions, you’re actually putting voices into the hands of your community or stakeholders to have a say in how the organization is run.[00:03:28] So that. A term that’s used widely in the crypto space is a dow, but the concept is something that other folks are using just maybe in a little bit of a different way. So in short, we’re talking about a daf, but. For crypto. Is that a fair quick summary? Yes, yes. Another acronym. You know, like it’s, it’s funny, my, my a donor advised fund.[00:03:53] You’re right. Yes. We’re gonna have a lot of gloss. It’s all good. It, it’s funny cuz you know, my background’s in non-profit and I feel like non-profits use a ton of acronyms and like insider language. And now I’m in this fine, I’m kind of balancing the non-profit world with the crypto world. And they also use a ton of acronyms, very different acronyms, but you know, gotta get used to both of the lingos for sure.[00:04:16] So let’s just make this tangible. Somebody has a crypto windfall. They’re then interested in deploying that capital for social impact, making the