Community Partner Network

How the PSL Membership works

• • A PSL Membership is a serialized community participation designation. EPIC has 1,000 individually serialized PSL Memberships organized into 100 parent PSLs, with 10 memberships associated with each PSL. Holding all 10 memberships associated with one PSL means holding the complete PSL. Memberships are issued and transferred in whole units only.
• • The current issuer price is $10 as a one-time purchase for each PSL Membership, with continuing participation for the operating life of the program and no annual renewal. From one to 10 available memberships may be purchased in a standard order.
• • A PSL Membership is purchased once for $10 and carries continuing participation for the operating life of the program. There is no annual renewal, no expiry date, and no recurring charge.
• • Every PSL Membership participates equally in EPIC's Community Grant Fund structure, whether it is held by an individual, a business, an organization, or a Community Partner. Participation is counted in whole memberships held. Each weekly grant cycle is claimed, not divided. A single holder may claim the entire remaining grant pot for that week for allowable purposes. Claims are honored first-come, first-served in order of membership seniority — the lower the serial number, the higher the priority — and then by the time the claim was submitted. Once the week's pot is fully claimed, remaining claims are closed for that cycle. After a successful claim, that PSL Membership enters a 60-day cooling period and cannot be used to claim again until the cooling period ends. Other memberships a holder owns are unaffected and keep their own seniority. A holder cannot participate in a grant cycle until the PSL Membership has been held for 4 consecutive weekly grant cycles. Participation begins with the first weekly cycle that opens after that holding period is complete.
• • PSL Membership ownership and Community Partner status are separate. Community Partner visibility and eligible-provider privileges require separate Community Partner approval, and holding a PSL Membership never grants them automatically.
• • A holder may hold no more than 100 PSL Memberships per beneficial-control group. Related accounts under common control are counted together.
• • Eligible adults who are at least 18 years old may purchase and hold available PSL Memberships under the general program terms, whether they live in Rockford or elsewhere in the United States, subject to identity verification, availability, ownership limits, payment settlement, and program restrictions. Business ownership and Community Partner status are not required. Eligible businesses and organizations may hold memberships in their legal names through verified authorized representatives. A parent or legal guardian purchases and holds while identifying a minor as the intended beneficiary.
• • Rockford is EPIC! is exclusive to Rockford. Verified adult City of Rockford residents may participate regardless of business ownership or Community Partner status and may use the Rockford-specific preference features. Purchasing or holding from outside Rockford does not create eligibility for Rockford-only preferences, grants, giveaways, or other local benefits.
• • A 30-day holding period applies before a PSL Membership becomes eligible for resale.
• • Resale pricing is set by the seller but can never be below 102% of that serial's actual acquisition basis, calculated in whole cents.
• • The approved resale methods are fixed-price resale and 3-day ascending auctions. Auctions may use an optional reserve and minimum bid increments, apply a rolling 5-minute anti-sniping extension, and require full authorization of the current leading bid. Transfers happen only through EPIC.
• • EPIC charges a marketplace fee of 10% plus the actual payment-processing cost on each completed resale.
• • Seller proceeds are held for 7 days before becoming distributable, with a 10% reserve held for 60 days. Disputes and reversals may freeze or adjust a payout.

A PSL Membership is a contractual program-participation designation. It is not an investment, not a security, not a franchise, not equity, and not ownership in the Community Grant Fund or in EPIC. It does not create corporate membership in Educational Partnerships to Impact Children, Inc., organizational voting rights, or governance rights. It carries no guaranteed return, no guaranteed liquidity, no guaranteed appreciation, no guaranteed resale, no guaranteed grant award, and no transferable claim to grant funds.