A 5% distribution, per Richard "Skip Moore, for scholarships would be $1.75 million
$1.75 million is $437.50 each for 4,000 students
But Say Yes Guilford dosn't have the $35 million in hand, but has been promised money over time by at least some of the foundations involved
.
.
But then there are the overhead costs;
'Wraparound' services etc...
Investment fees, which if 1.5%, are about $550,000 per year on $35 million
If Say Yes Guilford pays out 5%, or $1.75 million, is it before or after invstment fees have been withdrawn?
If after, which it should be, with no investment returns, which is somewhat likely or worse if the foundations are using active managers etc..., the total payout could be $1.75 million - $550,000 = $1.2 million, or about $300 a piece for 4,000 students
.
.
But there isn't $35 million
If there is actually $20 million on hand, 5% is $1 million
Divided by 4,000 = $250 per student
No wonder why they didn't want to cover charter school kids
.
.
By my count, there are 112 posts on EZGreensboro.com which have Say Yes to Education in them since last year.
Not one cease and desist, no letter from lawyers, no objection, nothing
It's as if they ignore it, it will go away, which it may if past is prologue
I keep getting told it's going to be looked into by various parties
To be continued...
$1.75 million is $437.50 each for 4,000 students
But Say Yes Guilford dosn't have the $35 million in hand, but has been promised money over time by at least some of the foundations involved
.
.
But then there are the overhead costs;
'Wraparound' services etc...
Investment fees, which if 1.5%, are about $550,000 per year on $35 million
If Say Yes Guilford pays out 5%, or $1.75 million, is it before or after invstment fees have been withdrawn?
If after, which it should be, with no investment returns, which is somewhat likely or worse if the foundations are using active managers etc..., the total payout could be $1.75 million - $550,000 = $1.2 million, or about $300 a piece for 4,000 students
.
.
But there isn't $35 million
If there is actually $20 million on hand, 5% is $1 million
Divided by 4,000 = $250 per student
No wonder why they didn't want to cover charter school kids
.
.
By my count, there are 112 posts on EZGreensboro.com which have Say Yes to Education in them since last year.
Not one cease and desist, no letter from lawyers, no objection, nothing
It's as if they ignore it, it will go away, which it may if past is prologue
I keep getting told it's going to be looked into by various parties
To be continued...
