To maintain our commitment to charitable giving, we ask artists to consider donating a portion of artist proceeds to an eligible charity of their choice. Whether and how artists donate is a personal decision, but should take into account whether the charity or cause is qualified to receive tax-deductible donations in the U.S. Please consult with a tax professional to understand your personal circumstances. Below are answers to a number of common questions about where to find crypto-friendly charities and how to donate.
To find a list of charities, artists can ask for advice in #artist-general and check the pinned messages for a charity guide.
If artists would like to donate to a charity without a crypto wallet, we recommend visiting https://endaoment.org. They are a 501(c)(3) that enables on-chain donations to any US-based 501(c)(3) via a Donor Advised Fund (DAF). This method can also be done fully on-chain, so the donations never touch your personal wallet.
On-chain donations through Endaoment.org
Endaoment is a 501(c)(3) organization that accepts crypto and distributes donations to any US-based 501(c)(3) charity in good standing with the IRS. Donations through Endaoment are set at the contract level and automatically routed at the time of payment without passing through artists’ wallet (potentially avoiding tax liability/deductibility).
Via Endaoment, there are two methods to donate:
Create a fund to donate to multiple charities
Donate to one charity directly
To use Endaoment, go to Endaoment.org, connect your wallet and create a fund. Then, enter your fund's contract address (shown on your newly created fund page) in the additional payee field. Here is a tutorial of how to use Endaoment. You can also find direct support in their Discord server here by creating a ticket in the #🙋｜get․help channel, and can review their documentation here.
Many artists prefer this route so they can support multiple charities with smaller donations rather than a single charity with one large donation, but you can also set up an organization as an additional payee directly. In this case, go to Endaoment.org, use their search bar to locate the org in question, and copy the contract address directly from the organization's profile page to the payee field (you can do this for multiple charities if desired). If the organization(s) shows as 'Not Deployed,' click 'Deploy' to create a smart contract for that nonprofit. When that process completes, a contract address will populate on the organization's profile page.
Please note - Endaoment charges 1.5% to receive, convert, and distribute money to nonprofits.
Make a zero-fee on-chain donation with CryptoforCharity.io
CryptoForCharity is a zero-fee platform enabling donations in crypto assets directly to charity. Artists can support any US-based 501(c)(3) charity in good standing with the IRS, or donate to any of several cause funds focused on a specific issue.
Donations through CryptoForCharity are set at the contract level and automatically routed at the time of payment without touching your wallet (and potentially avoiding tax liability or the need to account for and deduct the income/donation). Donated funds can also be held for a short time following your drop, if you'd prefer to designate the charity or cause fund you wish to support after the fact, but they cannot be held indefinitely.
Generating a charity or cause fund wallet is straightforward -- simply fill out the form here.
For more information on its set up, CryptoForCharity has developed tax guidance for NFT creators.
Create a second wallet
To create a second wallet separate from a personal wallet, enter the wallet's address in the additional payee field to collect the total donation amount that will be donated. If using the additional payee field for donations, this field can be cleared before lowering to resting price.
Receive funds in your primary wallet
Artists can receive all funds from a project’s sale in the artist’s primary wallet if preferred, but please communicate the total donations with Art Blocks. Please be aware that receiving money in a personal wallet may incur tax obligations and reduce the total donation amount.
To learn more about Art Blocks commitment to charitable giving, see our Charity on Chain: 2021 Wrap-Up.