Monday, November 14, 2016

Say Yes to Education and Say Yes Guilford questions for Monday night at 6 pm

1.  What is Say Yes Guilford's scholarship endowment money invested in specifically?

2.  How much money has Say Yes Guilford actually raised to date, as opposed to the total amounts pledged?

3.  How much money does Say Yes Guilford have "in hand" to fund scholarships after the first scholarships were awarded for the first semester of 2016 FY?

4.  What percentage of the total amount actually raised in Say Yes Guilford's endowment is going to be directly given to students each year?

5.  What was the average payout per student for the first semester of 2016's first Say Yes Guilford class?

6.  What was the average payout per African American student for the first semester of 2016's first Say Yes Guilford class?

7.  What was the average payout per White student for the first semester of 2016's first Say Yes Guilford class?

8.  What are Say Yes Guilford's expected 2016 Fiscal Year (FY) operating costs, and is Say Yes to Education expected to cover the costs from the $15 million Say Yes to Education pledged to Say Yes Guilford?

9.  Why is most of Say Yes to Education's money, $15 million of which has been pledged to Say Yes Guilford, invested in George Weiss owned investment vehicles located in the Caribbean and South America?

10.  Why has the WEISS MULTI-STRATEGY ADVISERS Fund lost $3,336,864,000, from $4,628,986,000 under management in the third quarter of 2013 to $1,292,122,000 as of 06/30/2016?

11.  How much of the $15 million Say Yes to Education pledge to Say Yes Guilford has been delivered?

12.  Please explain the discrepancies between George Weiss' publicly available fund performance and the investment returns Say Yes to Education declared it made in FY's 2014, 2013 and 2012 filed with the IRS.

13.  Please explain the discrepancies between Say Yes to Education's investment returns filed with the IRS relative to the performance of financial markets the monies were invested in for FY's 2014, 2013 and 2012.

14.  What is Say Yes to Education's money invested in specifically?

15.  How much is Say Yes Guilford allowing the High Point Community Foundation and the Community Foundation of Greater Greensboro to charge to manage monies destined to be distributed to scholarship recipients?

16.  Is Say Yes Guilford a fiduciary over the investment assets?

17.  Are Say Yes Guilford's investment managers and the High Point Community Foundation and the Community Foundation of Greater Greensboro fiduciaries concerning the assets?

18.  Should Say Yes Guilford be considered a fiduciary for Guilford students?

19.  Should the High Point Community Foundation, the Community Foundation of Greater Greensboro commit to being fiduciaries over Say Yes Guilford's scholarship endowment if they have not already done so?

20.  Why did the Hartford Chapter of Say Yes close in June 2005?

21.  Why did the Philadelphia Chapter close in 2000?

22.  Why did the Cambridge, MA Chapter close in 2008?

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

24.  What is Say Yes Guilford's estimated annual payroll, and who is paying the costs?

25.  What are Say Yes Guilford's expected yearly fundraising costs, and who is going to pay them?

26.  Why has Say Yes to Education and Say Yes Guilford refused to provide their Guide of Ethics and Conflict of Interest Policies?

27.  As the number of dollars provided for scholarships should about double again after the first year, and then double again in two more, how is Say Yes going to pay for it?

28.  Why has Say Yes, the City of Greensboro, Guilford County Schools and Guilford County so far declined to provide the information?
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