CoinTracker: Understanding Crypto-Taxes & DAFs

tl;dr: We asked our friends at CoinTracker to help explain the tax benefits of a Donor-Advised Fund. Read their Blog Post

Endaoment is Decentralized Finance’s first Donor Advised Fund (DAF) provider. We launched our app in October, allowing anyone to donate over 135 different crypto assets to a DAF and grant the proceeds to US based non-profits as dollars.

At Endaoment, our mission is to encourage and manage the charitable giving of cryptocurrency.

While our mission is simple, understanding a Donor-Advised Fund can be a confusing undertaking.

Enter Coin Tracker. Cointracker.io was created with a specific goal in mind: accurately tracking the investment performance and taxes of cryptocurrency assets while creating tax return documentation automatically.

In the immediate term, we set out to work with CoinTracker to help explain how DAFs can impact your tax obligations. If you’re considering a DAF, but are unsure of how it could impact your taxes, be sure to read their blog post about DAFs.

Over the long run, we hope to integrate Endaoment’s wallet accounts and tax form preparation directly into CoinTracker’s leading token tax tracking software. Our goal is to make accounting for donations to Endaoment DAFs completely seamless.

If you’ve got any questions about DAFs or Endaoment, don’t hesitate to reach out via Discord or via email.