What are the current Endowment details?

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  4. What are the current Endowment details?

The initial Endowment value was $22,051,000.
The previous value of the Endowment as of March 31 2022 was $36,218,586.
The current value of the Endowment as of September 30 2022 is $29,953,555.

The Endowment value on the blockchain is updated every quarter via a RecordEndowmentNAV transaction authorized by the Axiom Foundation.

The most recent RecordEndowmentNAV transaction can be seen on the ndau blockchain here, and you can query the blockchain directly to see every RecordEndowmentNAV transaction ever made.

The Endowment is comprised of USD, Gold, Digital Currency, Venture Capital and Private Equity.

On April 11th 2022, The Axiom Foundation engaged NAV Consulting to provide independent verification and accounting services to its endowment.

NAV consulting are recognized as a global leader in Fund Administration. Established in 1991 they work with all fund types and have over 2000 clients with AUA in excess of $170BN.

After completing onboarding this week (w/c/ April 25th 2022), NAV Consulting were provided access to all relevant documentation, custodians and accounts owned by the Foundation so they can provide independent verification of the assets in the endowment as of March 31st, 2022. They will also be providing all necessary administration and accounting services going forward.

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