TMA Bitcoin Endowment Fund

Donate Bitcoin to help us establish an exponential growth fund to save the Pacific Forest of Ecuador!

The Power of Bitcoin

When it comes to cryptocurrencies, Bitcoin is in a class of its own. We believe that Bitcoin is the best long-term store of value and savings technology on the planet. For this reason, we have decided to HODL all BTC donations we receive in a permanent Endowment Fund.

TMA’s Bitcoin Endowment Fund is specifically designed to build financial sustainability within our organization and establish an exponential growth fund to maximize our ability to scale-up our work in the Pacific Forest of Ecuador. All BTC donations we receive will be held in perpetuity, with the expectation that our BTC Endowment Fund will outperform any other investment strategy over the long-term.

Those interested in contributing to our BTC Endowment Fund can use the donation form to the right. Our account is set to hold all donations received as BTC, so donations will not be converted to USD or sold. Each whole coin reached will be sent to cold storage. Donors can elect to be acknowledged or donate anonymously. Contributions of all sizes are sincerely appreciated.

Our team is happy to answer any questions or concerns regarding our Bitcoin Endowment Fund.

Endowment Policies

Introduction

TMA’s Bitcoin Endowment Fund (“the Fund”) is established to provide long-term financial support for the organization’s mission and programs through the investment and management of Bitcoin. The purpose of this Withdrawal Policy is to establish a systematic and transparent process for withdrawing funds from the TMA Bitcoin Endowment Fund, while preserving the fund’s assets and ensuring the long-term sustainability of the organization.

Goals

To continually increase the endowment fund through donations. Donors will be encouraged to make tax-deductible donations to the endowment fund.
All donations to the endowment fund will be ackknowledged.
All BTC donations to the endowment fund will be held in perpetuity, with withdrawls following the organization’s formal withdrawl policy.
TMA’s Executive Director and the Endowment Committee are responsible for overseeing the management of the endowment fund.
Each whole coin reached in the Endowment Fund will be sent from our trusted third-party provider to offline multi-sig cold storage.

Withdrawl Process

Annual Budget Review: The organization’s Executive Director will review the annual budget, considering the Bitcoin Endowment Fund’s available assets and the organization’s financial needs.
Withdrawal Request: The Executive Director may submit a written request for a withdrawal from the Bitcoin Endowment Fund to the Endowment Committee, outlining the purpose and amount requested in USD or BTC.
Endowment Committee Review: The Endowment Committee will review the request, considering the purpose, amount, and alignment with the organization’s mission and goals. The committee may approve the request or recommend adjustments to the board.
Board Approval: The Board of Directors will review and approve the withdrawal request, ensuring it aligns with the organization’s financial goals and priorities.
Execution: The approved withdrawal amount will be transferred from the Bitcoin Endowment Fund to the organization’s operating account, using a secure and reliable method for converting BTC to USD.

Withdrawl Limits

To preserve the Bitcoin Endowment Fund’s assets and ensure long-term sustainability, the following withdrawal limits will apply:
- Initial Limit: The organization will not withdrawl any funds from the Endowment Fund during the first four years of the Fund’s existence (2024-2028).
- Annual Limit: The organization may withdraw up to a maximum of 8% of the Bitcoin Endowment Fund’s average market value, subject to review and adjustment by the Endowment Committee. The annual limit can be changed by the Endowment Committee by occasionally reviewing the CAGR of BTC, which we expect to grow quicker than the initially set annual 8%.

Monitoring & Review

The Endowment Committee and Board of Directors will monitor the Bitcoin Endowment Fund’s performance and adherence to this Withdrawal Policy, reviewing and adjusting the policy as needed to ensure the long-term sustainability of the organization.

A Note on Bitcoin & the Environment

Bitcoin has received significant negative press for its supposed harmful impact on the environment. Governments, organizations, and news outlets have all attacked Bitcoin for its impact on global climate change and excessive use of power. Headlines such as “Bitcoin mining is on track to consume all of the world’s energy by 2020” have commonly graced the covers of most mainstream media outlets over the past 8-10 years.

While it is true that Bitcoin requires a significant amount of energy, the truth about its environmental impact is much more nuanced. In fact, when digging into the details further (see below), it’s becoming undeniable that Bitcoin is one of the most powerful tools in the fight against climate change and supporting underserved populations around the globe. It is for this reason that we have elected to adopt Bitcoin as a core part of our long-term investment strategy to protect the Pacific Forest of Ecuador.

Our team at TMA knows this because we put in the work to understand the complexities of Bitcoin and its environmental impact. Today, we want to share some key resources from our research on Bitcoin to help educate others about its potential to be used as a powerful tool for good. Our team is also available to discuss Bitcoin to those interested in learning more about Bitcoin’s role in the non-profit and conservation sectors.