Friday, August 5, 2016

More on what Say Yes to Education promised Guilford County students and parents

"...Community foundations and affluent families raised about 40 percent of the $70 million endowment needed to make permanent a no-strings-attached tuition promise for all students in the school district, which is larger than Atlanta's and struggles with poverty.

The Say Yes scholarships would cover tuition bills remaining after Pell Grants and other aid has been tallied for students attending in-state public universities or community colleges regardless of family income. Similar community-wide Say Yes scholarship efforts in Buffalo and Syracuse provided awards last spring averaging $3,449 and $3,304, respectively, the organization said.

Was the reporter provided evidence,
or did he or she just take their word for it?

The tuition money for graduates of the district, which includes the city of Greensboro, will come from interest earned off the local endowment...

Which probably has no more than $30 million actually on hand,
as the donations from large foundations come over a series of years
just like Say Yes to Education's six year $15 million promise

Guilford County's schools comprise the state's third-largest behind those in Wake and Mecklenburg counties, but its 72,000 students still rank it among the country's top 50 ahead of Atlanta, Boston and San Francisco, according to the National Center for Education Statistics. About two-thirds of the district's students are in poverty. About 41 percent of students are black, 35 percent are white and 13 percent are Hispanic.

$3,000 per child for about 4,000? Guilford County students
= $12,000,000 from $30 million?

What are they going to do when the number of student double in the second year,
and again in the fourth?

4,000 students is only about 5.5% of the 72,000 total

72,000 / 12 grades = 6,000

Say Yes Guilford won't say how much is being given to how many

Won't say how much money they actually have

Won't say what it's invested in, or how much is being charged

Richard Skip Moore has actively prevented the information from being disseminated

Donnie Turlington and Mary Vigue won't tell anyone

Say Yes is the brainchild of New York money manager George Weiss, who began the philanthropy in 1987 after committing to help 112 Philadelphia sixth graders to graduate high school and pay for their higher education. Weiss, who lives in Miami and West Hartford, Connecticut, personally contributed or invested for the foundation a pool of money worth about $275 million, he said.


"My dreams and goals is this should be in dozens of cities," said Weiss, 72, who attended the announcement.

More than 100 private colleges involved with the Say Yes network provide full-tuition scholarships and sometimes more to students who meet entrance requirements and come from families with annual incomes below $75,000.

The Say Yes organization will work through a local chapter to seed local programs with $15 million over the next six years

How much so far?

No one knows
Say Yes invests $15 million over 5 years to help seed and expand key supports, to develop common measures, and to fund a small core staff to coordinate work across silos.

So $15 million over five years instead of six?

A Local Scholarship Endowment would provide last dollar tuition scholarships for all graduates of Guilford County Schools to attend N.C. state colleges and universities. These last dollar tuition scholarships would close the gap between grants and aid like Pell Grants, other scholarships, and the cost of in-state tuition. All Guilford County School graduates would be eligible regardless of family income. Students with Pell Grants that cover the full cost of tuition would be eligible for Opportunity Grants to assist with other college costs.

Students whose families have annual incomes of $75,000 or less receive last dollar tuition guarantees directly from the college or university.

Students who are admitted and have income greater than $75,000 receive a $5,000 annual Choice scholarship from the local endowment. 

Are they going to rig how many get "admitted"?

Say Yes to Education Planning Group: Felicia Andrews Guilford Parent Academy Title 1 Parent Representative Ann Busby Community Volunteer, GEA Board Member Nora Carr GCS Chief of Staff Greg Demko High Point City Manager Karen Dyer Group Director, Education & Non Profit Sector, Center for Creative Leadership Mona Edwards COO, The Community Foundation of Greater Greensboro, GEA Board Member Annette Galloway President, Guilford County Council of PTAs Elizabeth Foster President, Guilford County Association of Educators, GCS Teacher Barbara Frye Vice President, Children’s Initiatives, United Way of Greater High Point Joyce Gilliard Guilford Parent Academy Title 1 Parent Representative Sheila Gorham Principal, Allen Middle School, GCS Principal of the Year Kevin Gray President, Weaver Foundation, GEA Board Member Clarence Grier Deputy Guilford County Manager Michael Halford Guilford County Budget Director Steve Hayes Executive Director, Guilford Non-Profit Consortium Addy Jeffrey Community Volunteer, Parent and Student Advocate

Frank McCain Vice President, Community Investment & Impact, United Way of Greater Greensboro

Winston McGregor GEA Executive Director David Miller President, DS Miller, Inc., GEA Board Member Joel Mills CEO, Advanced Home Care Skip Moore Community Volunteer, GEA Board Member Meredith Mull Guilford County Council of PTAs Representative

Mindy Oakley Executive Director, Edward M. Armfield, Sr. Foundation,

GEA Board Member Alan Parker Principal, Southwest High School Keith G. Pemberton Social Worker, Oak Hill Elementary School

Robert Pompey CFO, NC A&T University,

GEA Board Member Amos Quick Vice Chair, Guilford County Board of Education, Senior Pastor: Calvary Baptist Church, High Point, Associate Pastor, New Light Missionary Baptist Church, Greensboro Mary Vigue Assistant City Manager, City of Greensboro

For additional information please contact: Winston McGregor, Executive Director, Nora Carr, Chief of Staff Lynn Wooten, VP Marketing & Communications Guilford Education Alliance Guilford County Schools The Community Foundation of Greater Greensboro

336-841-4332 336-370-8106 336-790-7812

Visit the Guilford Says Yes website for more information!
‘Say Yes to Education’ Free College Program Comes to Guilford, NC

National nonprofit Say Yes to Education has announced the opening of its newest chapter in Guilford County, North Carolina, which allows access to a free college education for thousands of students independent of their family’s income.

The program will offer free tuition to any graduate of a Guilford County school as long as they have spent a few years within the school system and are attending a public college or university in-state.  The funds will be available for 2016, allowing this year’s senior class to participate.

...Say Yes will pay 100% of the total cost of attending an in-state public college that is not already met through federal or state aid.  Some private schools are covered as well, with 100 institutions across 22 states agreeing to participate if the family’s total income is less than $75,000, reports Sarah Kreuger for FOX8.

...“As someone who could not have attended college without a scholarship, I know first hand how transformative that commitment can be in the life of a young person,’’ said George Weiss, a graduate of the University of Pennsylvania who founded Say Yes in 1987...

“I am especially gratified today to see the way Guilford County has embraced the promise of Say Yes,” said George, a money manager with offices in New York City and Hartford, Conn., and chairman of Say Yes...

The county will become the third chapter for the program which first began in Syracuse, New York in 2008.  A second chapter was opened in Buffalo, New York in 2012.  The addition of Guilford County will double the number of students who qualify for the program, offering full-tuition scholarships and support services to bring the total close to 140,000.

Why did the Philadelphia Chapter close in 2000?

Why did the Cambridge, MA Chapter close in 2008?

What happened to the New York, NY Chapter which opened in 2004?

The organization also announced a new partnership with Guilford College, which, as a result, will offer free tuition to eligible students.
Why are most of Say Yes to Education's investments located in George Weiss' fund, whose assets are located in "CENTRAL AMERICA AND THE CARIBBEAN"?

"Guilford County selected as 'Say Yes' community

Under the program, county students accepted to and enrolled in a one-, two-, or four-year degree public university or certificate program would be provided with scholarship funding from the local endowment to cover tuition that isn’t covered by other grants and scholarships.

Accepted students whose families earn more than the $75,000 threshold would be eligible for up to $5,000 a year from the local endowment to help pay for private college tuition.

Say Yes has already committed about $1 million toward feasibility studies. The group will commit an additional $15 million as part of its official selection of Guilford County...

The county has been selected at a time when local officials have raised $32.5 million toward the local scholarship endowment, surpassing the required threshold of $28 million to be selected as a Say Yes community. McGregor said the community plans to raise an additional $37.5 million toward the goal of bringing total scholarship endowment dollars to $70 million within the next 15 months.

Let's say $70 million is in hand;

$12 million / $70 million for year one for 4,000 students at $3,000 a piece
=  about a 17% payout before the number about doubles the next year

How can it be sustainable if the endowment burns through all the cash?

Ask Katie;

Katie Arcieri covers manufacturing, transportation/logistics, aviation, textiles, tobacco and furniture. Contact her at 336-370-2913.

For some odd reason, Katie and Susan Ladd and the rest of the local news outfits 
aren't interested in the answers