The 501(c)(3) Behind Xerish
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 Corporation operating as a 501(c)(3) Donor-Advised Fund Sponsor — holds donor balances and disburses grants.
What that means for you
When you top up your wallet, you make an irrevocable, tax-deductible contribution to Xerish Storehouse. When you give to an organization, your gift advises a grant recommendation. Storehouse processes the recommendation under blanket Board pre-approval for the F.I.G.S.-vetted Recipient List — 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 legally binding bridge between them: 20% of SPC net profit flows to 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.
Two entities · One Kingdom mission
Clean legal separation
What Xerish Storehouse Does
Four functions. One stewardship covenant.
Storehouse is not a payment processor. It is a charitable institution with four operational duties — held, vetted, sent, and sustained.
Function I
Holds donor balances
Your Xerish wallet is a donor-advised account at Xerish Storehouse, a Washington 501(c)(3). When you top up, the contribution is irrevocable and tax-deductible. Storehouse holds the balance 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 they appear. Admission is verification.
Function III
Disburses grants
Your gift advises a grant recommendation. Xerish Storehouse processes 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 Storehouse to Kingdom causes — church planting, missionary support, ministry grants, and emerging Kingdom work. Written into the SPC charter under RCW 23B.25.
Storehouse Function IV · The Covenant
The Joseph Principle
In Genesis 41, Joseph stored twenty percent of seven good years’ harvest. When the famine came, it sustained Egypt and the surrounding nations. Xerish takes the number literally — 20% of Xerish SPC net profit, transferred quarterly to Storehouse, 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 pursuant to Washington’s Social Purpose Corporation Act (RCW 23B.25).
What’s committed
Twenty percent of SPC net profit, transferred quarterly to Xerish Storehouse. Every quarter there is profit, every quarter there is a transfer.
How it’s allocated
Once transferred, the Storehouse Board allocates funds to Kingdom causes 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 ledger reads as em-dashes — 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.
The Intentionality
Why two entities.
The two-entity structure is not an accident of incorporation. It is a deliberate alignment of legal form to mission. Each entity has one job. Together they keep stewardship clean.
SPC builds. Storehouse holds.
Xerish SPC owns the technology, brand, and operations. Xerish Storehouse holds the money. Two balance sheets. Two boards. Two missions that meet at the Joseph Principle.
SPC revenue funds operations.
Top-up processing fees and service revenue to Storehouse stay with SPC. That is what keeps the lights on and the engineers paid — not a tax on charitable giving.
Storehouse mission funds Kingdom work.
Held donor-advised account balances belong to charitable purposes. A small 0.5% annual operational fee covers Storehouse’s own costs — vetting, compliance, board governance — the remainder is reserved for grants.
The Joseph Principle is the bridge.
20% of SPC net profit is legally committed to Storehouse for redistribution under RCW 23B.25. The two entities are separate by design, and bound by covenant in practice.
The Books Stay Open
Transparency is a discipline.
Storehouse Board structure, audit cadence, quarterly ledger snapshots, and the public-facing operating disclosures all live one click away.
Storehouse Board, audits, and the ledger.
Board composition, 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.
Open the Transparency page →Fine print
Xerish Storehouse is a Washington State Nonprofit Corporation operating as a 501(c)(3) Donor-Advised Fund Sponsor. Contributions to your Xerish wallet are irrevocable charitable contributions to Xerish Storehouse and are tax-deductible to the full extent allowed by law. Gifts you direct to organizations are advisory grant recommendations processed under the Xerish Storehouse Board’s blanket pre-approval framework for the F.I.G.S.-vetted recipient list. Xerish Storehouse retains a 0.5% annual fee on held donor-advised account balances for operational costs.
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 legally committed to Xerish Storehouse for redistribution to Kingdom causes.
A faithful steward keeps the books open.
“He who is faithful in what is least is faithful also in much.”
Luke 16:10