The Joseph Principle

The Joseph Principle is Xerish's binding commitment to redirect 20% of Xerish SPC's net profit to Kingdom causes every quarter. It is named for Joseph's storehouse and is legally binding under the SPC's social-purpose charter.

What it's for

It is the covenant that holds Xerish's own profit accountable to the mission — not a fee on you, and not optional. Any reference to "10%" near profit, Kingdom, or Joseph is a bug; the number is 20%.

How it works

• Quarterly transfer. Each calendar quarter, Xerish SPC computes 20% of its net profit and transfers it to Xerish Storehouse.
• Net profit formula (shown verbatim on the public transparency surface): Gross revenue minus (Stripe payment processing fees + infrastructure: Supabase, Vercel, Resend, Sentry + employee salaries + legal counsel). One-time costs such as incorporation and brand are capitalized, not deducted.
• Distribution. The Storehouse adds the transfer to a grant pool and distributes it to the same vetted recipient population that givers recommend grants to. The Storehouse board sets the distribution policy.

Governing limitations

• 20%, quarterly, legally binding — set in the SPC charter, not a discretionary gift.

• What counts as SPC revenue: the 2.5% / 1.5% top-up service fees and voluntary web tips flow into the 20% calculation normally.

• What does NOT: the 0.5% AUM fee goes straight to Storehouse operations and is not SPC revenue, so it is excluded from the 20% calc. Investment income on the Storehouse's float (T-bills) is Storehouse income, also excluded.

• It is profit-based. In a quarter with no net profit, 20% of that profit is zero — the covenant is a share of profit, not of revenue.

• Where it goes. The quarterly transfer becomes a Storehouse-controlled grant pool, distributed to the same vetted recipient population — orgs and churches on the platform — that givers already recommend grants to.

• This is original to Xerish — an SPC-to-501(c)(3) profit covenant no surveyed DAF sponsor matches.

• The commitment is restated in your Financial Center's "Public Books" block.

• A public giver's optional web tip carries a one-line note that 20% of Xerish's profit goes to Kingdom causes — the Joseph Principle. That tip is SPC revenue and flows through the 20% calc normally.