Who sends your grant: Xerish SPC and Xerish Storehouse

Xerish is two separate legal entities working under one brand and one app. Knowing which is which explains why money arrives from Xerish Storehouse rather than from the giver directly.

What it's for

When you look at a transfer, the sender reads Xerish Storehouse, not the giver's name. That is by design, and it is what keeps giving on Xerish charitable and tax-advantaged. This article explains the structure once so the rest of your Financial Center makes sense.

How it works

• Xerish SPC is the technology company (a Washington Social Purpose Corporation). It builds and runs the app, the billing rails, and the website. It earns a flat 2.5% platform service fee when a giver tops up their wallet — never from your gifts.
• Xerish Storehouse is a separate nonprofit organized as a 501(c)(3) donor-advised fund (DAF) sponsor. When a giver tops up, the money becomes a charitable contribution to the Storehouse, held in the giver's advised balance.
• A gift to you is a grant recommendation. When a giver directs a gift to your organization, they are advising the Storehouse to grant from their balance to you. The Storehouse holds final authority and, once your vetting is current and the amount is within range, dispatches the grant automatically.
• The Storehouse is the sender. Because the Storehouse legally holds and grants the money, every transfer to your Stripe account comes from Xerish Storehouse, and your givers' card statements read XERISH STOREHOUSE.

Governing limitations

• Givers do not send you money directly. The contribution is irrevocable to the Storehouse at top-up; the giver only recommends where it goes.
• The Storehouse retains grant authority. This advisory structure is required for the DAF model — it is what makes contributions tax-deductible (intended; IRS determination pending — see the independence article).
• You are a vetted recipient, added to the Storehouse's Pre-Approved Recipient List after you pass F.I.G.S. You never have to ask for individual grants — qualifying ones auto-approve.

Good to know

• This is why your tax receipts come from Xerish Storehouse, not from you, and not from Xerish SPC.
• The 2.5% top-up fee (SPC) and the 0.5% annual balance fee (Storehouse) belong to two different entities — see What does Xerish charge.
• 20% of Xerish SPC's net profit is transferred to the Storehouse each quarter — the Joseph Principle.