How Our Endowment Works

How Our Endowment Works

Permanent endows your digital legacy with the financial stability of a museum, library or university to keep it permanently safe and accessible with a single one time donation. 

Each time a user purchases storage, we invest their one-time, tax-deductible storage fee (donation) in a special, tax-free earnings investment – an endowment, only available to non-profits. The returns or interest on that investment cover the continued cost of storage. So it’s like paying your monthly bill for a cloud storage service like Dropbox for life, and beyond. We convert that one-time “micro-endowment” donation into perpetual storage.

But it’s not just the cost of storage. Fees support an organization committed to protecting, migrating, and maintaining access to user content for all time. Consider if you donated a collection of precious art, like a painting or a statue to a museum. An entire system needs to be put in place that will ensure your collection is now properly cared for. There must be curators to carefully clean the paintings, climate control to ensure they don’t decay, security to make sure they aren’t stolen or vandalized.

There is a whole staff that is devoted to taking care of your collection. In the traditional world, this is possible because the museum has built an endowment, funded by donors and patrons, that will allow for the perpetual care of the contents placed in their trust.

You can learn more about how our storage fees work and how we use donations in our Knowledge Base, or read more about our endowment model on our blog.

    • Related Articles

    • How Our Storage Fees Work

      Our storage fees are a $10 per-gigabyte one time fee. You pay only for the storage you need and then you never pay for it again. You can add additional storage whenever you'd like, a gigabyte at a time. Because we are a 501(c)(3) nonprofit ...
    • View and Add Storage

      With Permanent's endowment model, you pay for the storage you need to preserve your files as you need it, rather than paying for a monthly or yearly subscription. Learn more about how our storage fees work here. This article will walk you through  ...
    • View and Add Storage in the Mobile App

      This article will walk you through how to view the storage you have in your account, as well as how much storage you have used, and how to add additional storage to your account using Apple Pay or Google Pay. We are working on offering alternate ...
    • How We Use Donations

      A large percentage of the returns on our endowment cover the cost of permanently storing all of our user’s content. However, an equal part will support our Byte-for-Byte program which allocates Permanent Archives and storage space for nonprofits and ...
    • Commercial Storage Partners

      Running a data center is a major capital investment and organizational commitment that is not a core requirement to our mission. In fact, we see it as a liability. Instead, we leverage reliable, cost-effective commercial services that are already ...