Tuesday, November 1, 2016

The News and Record's Jessie Pounds; "Guilford County Schools' seniors can sign up for Say Yes scholarships"

Why are most of Say Yes to Education's investments 

"Graduation from Guilford County Schools this spring came with a new bonus for many students: scholarship money to help bridge the gap between financial aid and the cost of college tuition.

So how much was paid out Jessie?

How many total scholarships were paid?

...On Monday, executive director Mary Vigue and communications director Donnie Turlington talked about the learning experience for their organization, parents, students and colleges for the first round of scholarships.

How much does Say Yes Guilford have left?

What was the average scholarship paid?

While they expect some aspects to run smoother next year, they want to tamp down expectations.

...Say Yes will pay the difference between aid from other sources and the total tuition amount, but not the total cost of attending college.

What is the Say Yes Guilford money invested in?

How is it Say Yes to Education makes so much money on its money?

...payments to the colleges came later than many parents and students expected. The first checks went to colleges at the beginning of September, but many families saw bills from the colleges over the summer that didn’t reflect the Say Yes scholarships.

Why Say Yes to Education's money is in Central America?

Why did George Weiss' fund lose $3 billion since 2013?

Why is most of the money at Say Yes to Education invested in George Weiss' funds?

...Some people, tired of getting bills in the mail, paid the money out of pocket, with plans to get reimbursed by the college once it gets the Say Yes money.

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 and why haven't they said how?

How can Say Yes Guilford pay out more 
than what would make the endowment sustainable?

A phase of angst-filled phone calls from parents has now largely ended, Vigue and Turlington said, as the checks have arrived.

How can a fund prioritizing "diversification, preservation of capital, 
consistency of returns and liquidity" outperform like Say Yes' money?

As the number of dollars paid out should about double again over the next two years, 
how is Say Yes going to pay for it?

...“It’s the first year,” Vigue added. “Until you write a check, a lot of families don’t believe.”

Contact Jessie Pounds at (336) 373-7002 and follow @JessiePounds on Twitter.


What will the monies be invested in 
and at what cost for Guilford County's graduates?

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

Ponzi? From Say Yes to Education's 7/1/2014 to 6/30/2015 IRS 990 tax form