Money

About

Where The Money Goes

The LSG Tour raises money for local rider-selected charities in support of Blue Sea's vision to see a more generous world where charities thrive.

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 LSG Tour efficiently to maximize fundraising impact for our rider-selected charities.

Expenses

Tour expenses can vary wildly depending on how many riders sign up for the Full Tour, West Stage, or East Stage.

Expenses include food, nightly accommodations, fuel, truck rentals, volunteer support, staffing, medical supplies, signage, fundraising system, credit card fees, liability insurance, GPS systems, promotion, support and gear supplies, propane, water and misc tour operational costs.

Full Tour costs could be in the range of $10,000-$12,000 per rider. Stage rider costs are estimated to be in the range of $2,500-$3,000. The more riders we welcome, the more money we'll have to share expenses, which means we'll have more money we'll be able to pay out to charities.

Grants

At the conclusion of the event, grants to rider-selected and Blue Sea-approved charities will be calculated and paid out net of total tour expenses, and allocated on an individual rider basis (by December at latest).

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 the conclusion of their selected distances

Fundraised	Payout to Charity
0-$10,000	85% (after expense)
$10,000-$20,000	90% (after expense)
$20,000-$30,000	95% (after expense)
$30,000 and beyond	100% (after expense)

Payout Examples

Here are some examples of how the grant payouts could work depending on final expense tally and the final numbers of riders.

Remember, the expense numbers below are examples only. Actual final results and payouts will vary.

Distance	Raised	Expense	%	= Payout	% of gross
Stage	$5,000	$2500	85%	$2125	42.5%
Stage	$15,000	$3500	90%	$10,350	69%
Full	$25,000	$10,000	95%	$14,250	57%
Full	$35,000	$12,500	100	$32,500	64.3%
Full	$60,000	$14,000	100%	$46,000	76.7%