Funding
Funding not disclosed
Founders
Product
Problem
Traditional charitable giving models often result in donations being spent immediately, limiting their long-term financial impact and sustainability for non-profit organizations. This approach fails to leverage the potential for capital appreciation to create enduring financial security for causes.
Solution
EverGive provides a platform that invests charitable donations in Bitcoin, establishing a perpetual revenue stream for non-profits. Donations are managed by a Donor-Advised Fund (DAF) partner, which holds and invests the Bitcoin, utilizing its growth potential to generate ongoing payouts. This strategy aims to maximize the long-term impact of each contribution, offering charities a sustainable financial foundation. The DAF ensures that funds are managed responsibly, with a small cash reserve to mitigate short-term volatility and regular trustee reviews of investment performance.
Target Audience
The primary customers are individual donors seeking to maximize the long-term impact of their contributions and non-profit organizations aiming to build sustainable financial resilience beyond immediate fundraising cycles.
Features
- Donations are received and managed by an independent, regulated Donor-Advised Fund (DAF) partner.
- Invests donations in Bitcoin, leveraging its long-term growth potential for sustainable funding.
- Generates perpetual revenue streams for charities through regular, discretionary grant payouts from the invested capital.
- Employs a multi-signature institutional custody solution through OnRamp Bitcoin for enhanced security of digital assets.
- Maintains a small cash reserve (approximately 3%) within the DAF to buffer against short-term Bitcoin price fluctuations.
- Offers donors the ability to recommend specific charities or support a pool of causes.
- Provides transparency through regular updates on grant disbursements and impact achieved.