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We'll start by saying that Reliant has different administrative fees for different programs. We will choose a fee of 10% for easy math. The The amount of the administrative fee in the support goal will in fact more than 10%the base amount. This because the goal needs to account for the fee itself.
This type of calculation is called a geometric series. The fee is added to the goal, which in turn means a little more funds need to be raised, which makes the goal a tiny bit higher, which requires even a tiny bit more etc. It theoretically runs on infinitely, but as you go further the amounts get smaller and smaller up until you reach a negligible amount being added. In our case, we can stop when rounding to the nearest cent doesn't affect the amount. Here's an example with an adminstrative fee of 10% and an amount of $10,000 for easy math.
| 10% | $ 10,000.00 | $ 1,000.00000 |
| 10% | $ 1,000.00 | $ 100.00000 |
| 10% | $ 100.00 | $ 10.00000 |
| 10% | $ 10.00 | $ 1.00000 |
| 10% | $ 1.00 | $ 0.10000 |
| 10% | $ 0.10 | $ 0.01000 |
| 10% | $ 0.01 | $ 0.00100 |
| 10% | $ 0.00 | $ 0.00010 |
| 10% | $ 0.00 | $ 0.00001 |
| $ 1,111.11111 | ||
| $ 1,111.11 |
|---|
Rest assured; this seemingly odd calculation is only there to make sure that the support goal has them raise enough funds to cover the fee. It is not a hard amount being charged. The account they’re responsible will only ever actually be charged the 10% on what actually comes in.
