Xerish Storehouse
Where your giving is held, vetted, and sent — a Donor-Advised Fund sponsor built for the Kingdom.
Two entities, one mission
Xerish is intentionally structured as two distinct legal entities. Xerish SPC — a Washington Social Purpose Corporation — owns and operates the platform technology. Xerish Storehouse — a Washington nonprofit operating as a 501(c)(3) Donor-Advised Fund sponsor — holds the balances and disburses the grants.
What that means for you
When you top up your wallet, you make an irrevocable charitable contribution to Xerish Storehouse. When you give to an organization, your gift advises a grant recommendation. The Storehouse will process it under the blanket Board pre-approval framework for the F.I.G.S.-vetted Recipient List (adopted once the Board is seated) — the dollar you recommend is the dollar that arrives.
Why it matters
Clean separation. SPC revenue funds operations; Storehouse balances fund Kingdom work. And the Joseph Principle is the charter-bound bridge between them: 20% of SPC net profit flows to the Storehouse for redistribution.
Tech
Xerish SPC
Builds the platform. Earns the operating revenue.
Money
Xerish Storehouse
Holds, vets, and disburses. 501(c)(3) DAF sponsor · recognition pending.
Two entities · One Kingdom mission
Clean legal separation
Four functions. One covenant.
The Storehouse is not a payment processor. It is a charitable institution with four duties — held, vetted, sent, and sustained.
Function I
Holds the balance
Your Xerish wallet is a donor-advised account at Xerish Storehouse, a Washington nonprofit operating as a 501(c)(3) DAF sponsor. When you top up, your contribution is an irrevocable charitable contribution, held by the Storehouse until you recommend a grant.
Function II
Vets every recipient
F.I.G.S. is the gateway — Faith, Integrity, Generosity, Stewardship. The application is the assessment. Every organization on Xerish has been vetted before it appears. Admission is verification.
Function III
Disburses grants
Your gift advises a grant recommendation. Once its independent Board is seated, Xerish Storehouse will process recommendations under a blanket Board pre-approval for the F.I.G.S.-vetted Recipient List — which is what lets the dollar you recommend reach the recipient quickly.
Function IV
Sustains the Kingdom
The Joseph Principle: 20% of Xerish SPC net profit flows quarterly through the Storehouse to Kingdom causes. A charter covenant of the SPC under RCW 23B.25.
The Joseph Principle
In Genesis 41, Joseph stored a fifth of seven good years’ harvest. When the famine came, it sustained a nation. Xerish takes the number literally — 20% of Xerish SPC net profit, transferred quarterly to the Storehouse, to be allocated by the Storehouse Board to Kingdom causes under the F.I.G.S. Recipient Vetting Policy. Committed under the Xerish SPC social-purpose charter (RCW 23B.25).
What is committed
Twenty percent of SPC net profit, transferred quarterly to Xerish Storehouse — reserved before any founder draw. In a profitable quarter, 20% transfers; a quarter with no profit transfers nothing, and the share is never clawed back once set.
How it is allocated
Once transferred, the Storehouse Board — to be seated before the first disbursement — allocates funds across the four destinations below. Every dollar reaches an organization — none is retained by Xerish SPC. Recipients are named each quarter on the Transparency page.
When it begins
The first transfer follows the first profitable SPC quarter. Until then the Transparency page shows the launch-readiness structure; live figures begin after the first quarter close — we would rather publish nothing than publish a speculative number.
20%
Of net profit · every quarter
SPC → Storehouse
Written into our charter · RCW 23B.25
Church planting
Funding new congregations where the Gospel has not yet taken root.
Missionary support
Sustaining those who go where others will not.
Ministry grants
Equipping verified organizations to do more of what they were built to do.
Kingdom causes
Supporting emerging Kingdom work that falls outside traditional categories.
Generosity you can measure.
Every gift on the platform and every grant from the Storehouse is tagged with its real cost-per-impact, so the total is counted in outcomes — not dollars alone. Live figures begin at our first quarter close; here is what we count.
Scripture in hand
Bibles and booklets placed with people who have never held one.
Nights of shelter
Safe nights for the homeless and the displaced.
Clean water
Wells dug and weeks of water for communities without it.
Meals served
Hot meals for the hungry and the homebound.
One flat fee. Fully disclosed.
A flat 2.5% to add money
There is one Xerish fee: a flat 2.5% charged only when you add money to your wallet, shown before you confirm and additive to standard card processing. After that, every gift you send is free — wallet-to-organization giving is always 0%, and the fee never comes out of a gift. Full terms live in the Donor Advisory Agreement.
What it funds
The fee, together with interest earned on balances held in safe, short-term U.S. Treasury investments and the quarterly Joseph Principle transfer, funds the Storehouse’s own work: recipient vetting, compliance, board governance, and safeguarding your balance until you recommend a grant.
2.5%
Flat · only to add money
The one Xerish fee
0% on every gift · never from a gift
Transparency is a discipline.
Storehouse Board structure, conflict-of-interest disclosures, quarterly Joseph Principle ledger entries, and the F.I.G.S. recipient list — published on the Transparency page and updated each quarter.
Fine print
Xerish Storehouse is a Washington State Nonprofit Corporation operating as a 501(c)(3) Donor-Advised Fund sponsor. IRS recognition is pending; during that review the fund operates under interim fiscal sponsorship, documented in the Donor Advisory Agreement. Contributions to your Xerish wallet are irrevocable charitable contributions to Xerish Storehouse, intended to be tax-deductible to the full extent allowed by law. Gifts you direct to organizations are advisory grant recommendations processed under the Storehouse Board’s blanket pre-approval framework for the F.I.G.S.-vetted recipient list.
Xerish SPC is a Washington State Social Purpose Corporation (RCW 23B.25), EIN 42-1881594. Xerish SPC owns and operates the Xerish platform technology under a services agreement with Xerish Storehouse. The Joseph Principle — 20% of Xerish SPC’s net profit — is committed to Xerish Storehouse for redistribution to Kingdom causes under the SPC’s social-purpose charter.
A faithful steward keeps the books open.
“He who is faithful in what is least is faithful also in much.”