Money

About

Where The Money Goes

The LS+G Tour raises money for local rider-selected charities, and the expanding work of Blue Sea Foundation.

Our first financial priority is investing to ensure that each rider enjoys a safe, memorable, and well-managed event.

Our second financial priority is to make every effort to operate the LS+G Tour efficiently to maximize fundraising impact for both our partners and Blue Sea.

Tour expenses are expected to be in the ballpark of $6,000-$7,000 per full LS+G rider (see details below). Expenses include items such as food, accommodations, fuel, truck rentals, volunteer support, staffing, fundraising, insurance, leadership, promotion, SAG, and Tour operations, with our highest predicted variable costs being accommodation and food.

Grants

All LS+G Grant proceeds are paid out net of total LS+G Tour expenses and allocated on an individual rider basis. At the conclusion of the event, grants to rider-selected and Blue Sea-approved charities will be calculated as follows:

Fundraised	Payout to Local Charity	Payout to Blue Sea
0-$10,000	75% (after expense)	25% (after expense)
$10,000-$20,000	80% (after expense)	20% (after expense)
$20,000-$30,000	85% (after expense)	15% (after expense)
$30,000-$40,000	90% (after expense)	10% (after expense)
$40,000 plus	95% (after expense)	5% (after expense)

Details

Expense allocation before proceeds will be 100% for full riders, and 20% per 2 weeks for Stage Tour riders.

All riders must be at 80% or more of their fundraising minimums by departure day in order to participate in the event.

Riders must reach 100% of their fundraising minimums by August 31, 2024.

All Love, Sweat + Gears charity grants will be forwarded by December.

The majority of grants will allocated to the general operating funds of approved LS+G charities.

Payout Examples

Here are some examples of how the grant payouts work. These payouts assume an average expense of $6,000 per full rider.

Note: Expense numbers are an estimate only. Many different factors will impact the final expense calculation, including number of riders, fuel, food, lodging, insurance, travel, and other LS+G-related costs.

Full Rider (10 Weeks) - Payout

Fundraised	$15,000	$30,000	$100,000
Expense	$6,000	$6,000	$6,000
Net	$9,000	$24,000	$94,000
Payout to Charity	80% - $7,200	90% - $21,600	95% - $89,300
Payout to Blue Sea	20% - $1,800	10% - $2,400	5% - $4,700

Stage Rider (2 Weeks) - Payout

Fundraised	$5,000	$10,000	$20,000
Expense	$1,200	$1,200	$1,200
Net	$3,800	$8800	$18,800
Payout to Charity	75% - $2,850	80% - $7,040	85% - $15,980
Payout to Blue Sea	25% - $950	20% - $1,760	15% - $2,820