CONFIRMED
100% BTC Treasury

UNCHAINED DONOR-ADVISED FUND

Enabling Bitcoin donors to give strategically through a Bitcoin-native donor-advised fund

Verified by Community
Treasury Policy Public
Direct Bitcoin Donations
LAST VERIFIED: May 7, 2026
FOUNDED
2021
SPONSOR EIN
82-1504018
BITCOIN POLICY
Multisig Hold
HEADQUARTERS
Austin, TX

ABOUT

The Unchained Donor-Advised Fund (DAF) is a Bitcoin-native charitable giving vehicle sponsored by University Impact, a 501(c)(3) organization. It allows donors to contribute Bitcoin directly into a multisig vault, receive an immediate tax deduction, and then recommend grants to qualifying nonprofits over time. Unlike traditional DAFs that liquidate donated assets, the Unchained DAF holds Bitcoin in collaborative custody using Unchained Capital's multisig infrastructure until grants are distributed. This structure makes it one of the only donor-advised funds in the United States that maintains Bitcoin as a treasury asset between donation and grant disbursement, preserving potential appreciation for charitable purposes.

BITCOIN POLICY

POLICY CLASSIFICATION
HOLDS BITCOIN IN MULTISIG CUSTODY UNTIL GRANTS ARE DISTRIBUTED — DOES NOT LIQUIDATE ON RECEIPT
100% BTC Treasury
HOLDING DETAILS
  • ▸Bitcoin held in collaborative multisig vaults via Unchained Capital infrastructure
  • ▸Donor retains grant recommendation rights while Bitcoin appreciates in custody
  • ▸Immediate tax deduction on Bitcoin contribution at fair market value
  • ▸Sponsored by University Impact (EIN 82-1504018), a 501(c)(3) public charity
  • ▸Grants distributed to IRS-qualified 501(c)(3) organizations

TREASURY TIMELINE

2018
Unchained Capital founded; multisig custody infrastructure developed
2021
Unchained DAF launched as Bitcoin-native donor-advised fund
Ongoing
Bitcoin held in multisig custody between donation and grant disbursement

WHY THIS MATTERS

The Unchained DAF is structurally unique: it is one of the only donor-advised funds in the US that holds Bitcoin in multisig custody rather than liquidating on receipt. This means donated Bitcoin can appreciate between contribution and grant distribution, potentially increasing charitable impact. For Bitcoin holders who want to give strategically while preserving upside, this is the most architecturally sound vehicle available.

RESEARCH CITATIONS

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SHOWING 5 OF 5 CITATIONS

1
Policy Page

Unchained DAF - Official Donor-Advised Fund Page

Unchained offers a Bitcoin-native donor-advised fund that holds donated Bitcoin in collaborative multisig custody until the donor recommends a grant. Bitcoin is not liquidated on receipt.

View Source
2
Tax Filing

University Impact - IRS Form 990 Tax Filings (EIN 82-1504018)

University Impact (EIN 82-1504018) is the 501(c)(3) fiscal sponsor for the Unchained DAF program. ProPublica Nonprofit Explorer confirms active 501(c)(3) status and annual 990 filings.

View Source
3
Tax Filing

IRS EO Select Check - University Impact 501(c)(3) Verification

IRS Exempt Organizations Select Check confirms University Impact (EIN 82-1504018) is an active 501(c)(3) public charity eligible to receive tax-deductible contributions.

View Source
4
Donation Page

Unchained DAF Donation Page - Bitcoin Custody Details

Donors contribute Bitcoin directly to a multisig vault managed by Unchained Capital infrastructure. The donor retains grant recommendation rights while the Bitcoin appreciates in custody before distribution.

View Source
5
Media Coverage•2022

Bitcoin Magazine: Unchained Capital Launches Bitcoin DAF

Unchained Capital launched the first Bitcoin-native donor-advised fund, allowing donors to contribute BTC and receive an immediate tax deduction at fair market value while the Bitcoin remains in custody until grants are distributed.

View Source

HOW TO DONATE

  • 1.Visit unchained.com/daf to open a donor-advised fund account
  • 2.Contribute Bitcoin directly — no conversion to fiat on receipt
  • 3.Receive immediate tax deduction at fair market value of donated BTC
  • 4.Recommend grants to qualifying 501(c)(3) organizations over time

CATEGORY

CONFIRMED

Confirmed Bitcoin Treasury Holders

IRS FINANCIALS

SOURCE: PROPUBLICA NONPROFIT EXPLORER (IRS FORM 990)

EIN
821504018
STATUS
501(c)(3)
FY2022 FINANCIALS
REVENUE
$97.08M
ASSETS
$135.45M
IRS RULING
2018-11-01
TAX DEDUCTIBLE
YES
VIEW FULL 990 ON PROPUBLICA

IRS 990 FINANCIALS

SOURCE: PROPUBLICA NONPROFIT EXPLORER · FY2022 · 5 FILINGS ON RECORD

TOTAL REVENUE
$97.1M
TOTAL EXPENSES
$18.1M
TOTAL ASSETS
$135.4M
NET ASSETS
$134.5M
CONTRIBUTIONS
$101.9M
OFFICER COMP
$10K
VIEW FULL 990 ON PROPUBLICA NONPROFIT EXPLORER

QUICK LINKS

Official WebsiteDonation Page

Related News & Articles

Unchained Capital
2021

Unchained Launches Bitcoin-Native Donor-Advised Fund

Unchained Capital launches a donor-advised fund that holds Bitcoin in multisig custody until grants are distributed, enabling tax-efficient charitable giving without liquidating Bitcoin on receipt.

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FREQUENTLY ASKED QUESTIONS

Common questions about Unchained Donor-Advised Fund's Bitcoin holdings, donation process, and verification status.

LEARN MORE ABOUT BITCOIN NONPROFITS

EDUCATION
WHY HOLD BITCOIN

Why nonprofits choose to hold Bitcoin as treasury reserves instead of converting to fiat.

READ GUIDE
METHODOLOGY
HOW WE VERIFY

The multi-source research process used to classify each organization's Bitcoin treasury status.

VIEW PROCESS
DATA
TREASURY TRACKER

Live BTC holdings data, wallet addresses, and USD valuations for all tracked organizations.

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TOOLS
RESOURCES

Custody solutions, accounting tools, and legal resources for nonprofits building Bitcoin treasury programs.

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