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.

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