$71 million times 5% annual payout = $3,550,000 paid out per year.
If 3,500 students receive $1,000 scholarships each year = at least $3,500,000 should be paid out this year.
If it doubles next year, Say Yes would need $7,000,000.
And then about $14 million after four years, let's call it $10 million needed each year for dropouts.
Is Belk giving all the money at once? Probably not, like Duke.
$10 million coming out a 'required' $71 million is about 14% per year.
How is it sustainable?
What projections are they using?
What is the money invested in?
http://www.greensboro.com/business/local_business/say-yes-guilford-receives-million-grant/article_9e6468a0-aa5a-5d9a-b22c-f53ef9c0e6ae.html
If 3,500 students receive $1,000 scholarships each year = at least $3,500,000 should be paid out this year.
If it doubles next year, Say Yes would need $7,000,000.
And then about $14 million after four years, let's call it $10 million needed each year for dropouts.
Is Belk giving all the money at once? Probably not, like Duke.
$10 million coming out a 'required' $71 million is about 14% per year.
How is it sustainable?
What projections are they using?
What is the money invested in?
http://www.greensboro.com/business/local_business/say-yes-guilford-receives-million-grant/article_9e6468a0-aa5a-5d9a-b22c-f53ef9c0e6ae.html
