Public reporting
Transparency
Every dollar moved through Xerish belongs to a story you can audit. The Storehouse balance sheet, the Joseph Principle ledger, the F.I.G.S. recipient count, and the operating-cost methodology — published, with the math shown.
Xerish Storehouse — snapshot
501(c)(3) DAF sponsor. Donor Advisory Account balances + grants distributed + recipient count.
Donor Advisory Account balances
Awaiting launch
Total dollars contributed but not yet granted out.
Grants disbursed (lifetime)
Awaiting launch
Total dollars sent from the Storehouse to recipient organizations.
Pre-Approved Recipients (F.I.G.S. verified)
Awaiting launch
Organizations on the Pre-Approved Recipient List.
Active Donor Advisors
Awaiting launch
Xerish SPC — snapshot
Technology operator. Joseph Principle transfers + service fees + per-gift cost.
Joseph Principle transfers (lifetime)
Awaiting first close
20% of SPC net profit transferred to the Storehouse, quarterly.
SPC service fees collected (lifetime)
Awaiting launch
The small service fee paid by Donor Advisors at contribution time.
Average operating cost per gift
Awaiting launch
Joseph Principle methodology (verbatim per CONSTITUTION §III)
20% of SPC net profit. Every quarter. To the Storehouse.
The net profit formula
Net Profit = SPC service fee revenue minus the four locked cost categories:
- Stripe processing fees attributable to SPC service fee revenue
- Infrastructure costs (hosting, database, CDN, observability)
- Salaries, contractor compensation, and benefits
- Legal counsel and audit fees
In scope: only SPC service fee revenue. Out of scope: Storehouse-direct revenue — AUM fees, T-bill float income, and voluntary Donor Advisor tips — none of which touch the SPC P&L.
20% of Net Profit transfers from Xerish SPC to Xerish Storehouse quarterly. The Storehouse board allocates the transfer to Kingdom causes consistent with the Recipient Vetting Policy. Recipient list and dollar amounts published here each quarter.
Read the full Joseph Principle →Storehouse governance & audit
How Xerish Storehouse is governed, audited, and where the ledger lives. See the full structure on the Xerish Storehouse page.
501(c)(3) status
Washington State Nonprofit Corporation operating as a Donor-Advised Fund Sponsor. IRS recognition pending; operating under interim fiscal sponsorship while the determination is reviewed. The fiscal-sponsor relationship is documented in the Donor Advisory Agreement.
Board structure
Independent board with Faith, Integrity, Generosity, and Stewardship as fiduciary criteria. Conflict-of-interest policy on file. Board approves the Recipient Vetting Policy and grants blanket pre-approval to the F.I.G.S.-vetted Pre-Approved Recipient List, enabling fast disbursement without per-grant Board action.
0.5% AUM disclosure
Xerish Storehouse retains a 0.5% annual fee on held Donor Advisory Account balances for operational costs. Industry-standard for DAF sponsors. Charged monthly against accrued yield first, then principal. Disclosed at first contribution and in the Donor Advisory Agreement.
Audit cadence
Annual independent financial audit beginning in the first full operating year. Quarterly Joseph Principle reconciliation published on this page. Form 990 filed annually with the IRS; the public copy is linked here within ten business days of filing.
Where the ledger lives
The Storehouse balance sheet snapshots above update each quarter. Underlying contribution and grant records are kept on the Xerish platform, exported to the auditor, and retained per the Document Retention Policy. Donor Advisors see their own account history any time in Treasury → Year-end Statement.
Tax receipts
Issued by Xerish Storehouse at the time of each contribution. The receipt amount equals the deductible portion of the gift — the SPC service fee and Stripe processing are itemized separately and are not part of the deductible total.
Operating cost transparency
How the Storehouse and SPC are funded — and why churches and recipient organizations pay nothing.
Storehouse operating funding
Funded by (a) 0.5% annual fee on Donor Advisory Account balances, (b) yield earned on cash-equivalent investments (default: short-duration U.S. Treasury bills), and (c) the quarterly Joseph Principle transfer from Xerish SPC (20% of SPC net profit).
SPC service fee
A small per-contribution service fee paid by Donor Advisors at the time of contribution covers SPC engineering, infrastructure, and support. Disclosed at checkout; included in the gross charge but separate from the deductible portion of the gift.
Churches and recipient organizations
Zero subscription fees. Zero per-grant fees. Forever. This is locked in the SPC charter and the Recipient Grant Agreement.
No specific fiscal sponsor named
During the IRS recognition window for Xerish Storehouse (typically 6–9 months), the DAF operates under interim fiscal sponsorship. The sponsor relationship is documented in the Donor Advisory Agreement.