On Guilford County School's Sharon Contreras and the Say Yes to Education Scam

New Guilford County Schools Superintendent Sharon Contreras' = Say Yes to Education, Say Yes Guilford and Say Yes Syracuse = Say Yes now owns Guilford County Schools

http://greensboroperformingarts.blogspot.com/2016/06/new-guilford-county-schools.html

John Hammer on new Guilford County Schools Superintendent Sharon Contreras and Say Yes to Education

http://greensboroperformingarts.blogspot.com/2016/06/john-hammer-on-new-guilford-county.html

Alan Duncan and Amos Quick; "Through Say Yes to Education in Syracuse, Contreras has worked with her community..."

http://greensboroperformingarts.blogspot.com/2016/07/alan-duncan-and-amos-quick-through-say.html

"City of Greensboro, mayor sued over access to public records" by Roch Smith Jr.

http://greensboroperformingarts.blogspot.com/2016/08/city-of-greensboro-mayor-sued-over.html

Ponzi needs a new town; Jul 25, 2016 4:59 AM; "Say Yes to Education" program could mean free college for Louisville students"

http://greensboroperformingarts.blogspot.com/2016/07/ponzi-needs-new-town-jul-25-2016-459-am.html

Just in case any of those involved with Say Yes to Education want to say they didn't know

http://greensboroperformingarts.blogspot.com/2016/11/just-in-case-any-of-those-involved-with.html

"Council for Say Yes will hold public meeting Monday"

http://greensboroperformingarts.blogspot.com/2016/11/friday-november-11-2016-740-pm-council.html

"Newcomers join Greensboro school board this month" and Say Yes Guilford

http://greensboroperformingarts.blogspot.com/2016/12/newcomers-join-greensboro-school-board.html

Dear Donnie Turlington and Mary Vigue; Please explain why Say Yes to Education's money is in Central America

http://greensboroperformingarts.blogspot.com/2016/02/dear-donnie-turlington-and-mary-vigue.html

An email sent to Say Yes to Education folks this morning;

http://greensboroperformingarts.blogspot.com/2016/11/an-email-sent-to-say-yes-to-education.html

John Hammer at the Rhino Times is starting to get the fcukedupness of Say Yes to Education

http://greensboroperformingarts.blogspot.com/2017/03/john-hammer-at-rhino-times-is-starting.html

The beginning of the middle of the eventual end of Say Yes to Education in Guilford County

http://greensboroperformingarts.blogspot.com/2017/03/the-beginning-of-middle-of-eventual-end.html

Former City of Greensboro Assistant Manager Mary Vigue used her position to personally profit via Say Yes to Education and Say Yes Guilford

http://greensboroperformingarts.blogspot.com/2016/09/former-city-of-greensboro-assistant.html

Guilford school board seeks more information from Say Yes

http://www.greensboro.com/news/schools/guilford-school-board-seeks-more-information-from-say-yes/article_dcde8eee-fcdb-5c3a-99d7-1447ae62d009.html

Interim executive director named for Say Yes to Education Guilford

http://www.greensboro.com/news/local_news/interim-executive-director-named-for-say-yes-to-education-guilford/article_1e112125-23c7-5b2d-86a5-882da9b1e1e9.html

I handed out about 100 fliers of this at the meeting; "Say Yes to Education and Say Yes Guilford Unanswered Questions"

http://greensboroperformingarts.blogspot.com/2016/11/i-handed-out-about-100-fliers-of-this.html

It's been about a month since the News and Record hasn't reported Say Yes Guilford has less than $11 million, and charter schools have to pay 100%

http://greensboroperformingarts.blogspot.com/2016/12/its-been-5-days-and-news-and-record.html

A comment awaiting moderation at Triad City Beat's "Say Yes says maybe to undocumented Guilford students"

http://greensboroperformingarts.blogspot.com/2016/11/a-comment-awaiting-moderation-at-triad.html

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

http://greensboroperformingarts.blogspot.com/2016/11/say-yes-to-education-and-say-yes.html

Say Yes to Education Red Flag; Mary Vigue; She is about to be in charge of more than $25 million for a 'non-profit' after shafting City of Greensboro employees out of investment fee cuts

http://greensboroperformingarts.blogspot.com/2015/10/say-yes-to-education-red-flag-mary.html

Mary Anne Schmitt-Carey; President at Say Yes to Education, Inc.; Professional Fundraising Organization

http://greensboroperformingarts.blogspot.com/2015/10/mary-anne-schmitt-carey-president-at.html

Say Yes to Education Independent Contractor Compensation the News and Record's Susan Ladd failed to report

http://greensboroperformingarts.blogspot.com/2015/10/say-yes-to-education-independent.html

Say Yes to Education, Inc. (Say Yes), and Say Yes Guilford appears to be a legal Ponzi scheme and/or a Racket

http://greensboroperformingarts.blogspot.com/2015/11/say-yes-to-education-inc-say-yes-and.html

How the Triad Business Journal got played for chumps by Say Yes to Education and Say Yes Guilford

http://greensboroperformingarts.blogspot.com/2015/11/how-triad-business-journals-reporter.html

On October 3, 2015, Guilford County's Board of Education was shown a "Full Tuition Scholarship Incentive" plan, for every GCS graduate who goes to college

http://greensboroperformingarts.blogspot.com/2015/11/on-october-3-2015-guilford-countys.html

Monday, November 16, 2015, I crashed the Say Yes to Education and Say Yes Guilford meeting at Smith High School and passed out fliers asking the following questions;

http://greensboroperformingarts.blogspot.com/2015/11/i-crashed-say-yes-to-education-and-say.html

"Guilford commissioners hear update on Say Yes"

http://greensboroperformingarts.blogspot.com/2016/02/guilford-commissioners-hear-update-on.html

Say Yes Guilford Questions for Guilford County Commissioner and School Board Candidates

http://greensboroperformingarts.blogspot.com/2016/02/say-yes-guilford-questions-for-guilford.html

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

http://greensboroperformingarts.blogspot.com/2016/10/from-say-yes-to-educations-712014-to.html

Gag order and censorship for Guilford County teachers by Say Yes to Education and Angela Jackson of Guilford County's Association of Educators

http://greensboroperformingarts.blogspot.com/2016/07/gag-order-and-censorship-for-guilford.html

George Weiss doesn't mind using massive leverage and illegal tax avoidance

http://greensboroperformingarts.blogspot.com/2016/08/george-weiss-doesnt-mind-using-massive.html

One Dollar; "Resolution Requesting Approval of Lease Agreement with Say Yes to Education"; Tuesday, November 17, 2015

http://greensboroperformingarts.blogspot.com/2016/08/one-dollar-resolution-requesting.html

George 'Say Yes to Education' Weiss and Associates;"...the hedge fund portfolio reportedly returned more than 50% per year on an annual basis", except for when it didn't

http://greensboroperformingarts.blogspot.com/2016/09/george-say-yes-to-education-weiss-and.html

Susan Ladd's oldest daughter appears to be in line for a Say Yes to Education scholarship

http://greensboroperformingarts.blogspot.com/2016/08/susan-ladds-oldest-daughter-appears-to.html

If Say Yes Guilford has $35 million,...

http://greensboroperformingarts.blogspot.com/2016/07/if-say-yes-guilford-has-35-million.html

$832,000 Payoff; "Buffalo Public Schools award the contract to Say Yes for community program"

http://greensboroperformingarts.blogspot.com/2016/07/832000-payoff-buffalo-public-schools.html

Richard (Skip) Moore's misleading statements; "8 Things to Know About "Say Yes To Education"

http://greensboroperformingarts.blogspot.com/2016/07/richard-skip-moores-misleading.html

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

http://greensboroperformingarts.blogspot.com/2016/07/why-did-hartford-chapter-of-say-yes.html

Thursday, June 30, 2016; Say Yes to Education's amazing, quite unbelievable investment performance; This is a George Weiss special

http://greensboroperformingarts.blogspot.com/2016/06/say-yes-to-educations-amazing-quite.html

On Say Yes Guilford "No Means No, But Sometimes So Does 'Say Yes'"

"The huge financial fail of Say Yes Guilford - a program established to help Guilford County families pay college tuition for high school graduates - has sent a giant shockwave through the community and left confusion, questions, finger-pointing, potential lawsuits and hostility in its wake.

Say Yes Guilford currently has $9.2 million on hand

Scott Yost

The program was presented to the community in 2015 as a "win-win" initiative: an endowment-based scholarship program that would pay the "last dollars" of the cost of college after other financial grants and loans were exhausted.

But on Thursday, March 12, ...Say Yes sent an email notification to Guilford County school officials and posted a web announcement for disappointed parents and community contributors that stated that the Say Yes Guilford program was financially unsustainable.

...The group had projected about $900,000 in payouts needed for the first year of operation - the 2016-2017 school year - but, instead, the actual cost of the first year totaled $6.1 million, nearly seven times more than expected.

Say Yes Guilford currently has $9.2 million on hand

Scott Yost

...instead of an expected needed endowment of $70 million, the program required about $550 million.
...the Say Yes statement reads; "While local and national leaders worked in good faith to create a scholarship program in the fall of 2015 that would be available to the class of 2016, the Scholarship Board's review has determined that the current formulas for scholarship awards are not sustainable. 

...with $5.2 million more costs than anticipated in the first year, it's not clear where that money is coming from.  Say Yes has been very secretive about its financial situation, and, presumably, most of the money donated to the nonprofit organization is legally committed to funding the endowment and therefore can't be used to pay costs for the first-year of the program.

...Many students based their decision of where to attend college on the promise of Say Yes money for that institution.  In some cases they chose higher-priced schools than they could have afforded without Say Yes funding, and they may have, for instance, chosen an in-state school largely or only because they had the promise that Say Yes would help cover the cost of their education while there.

Some students are very upset because they gave up scholarships to out-of-state colleges to go to one of the in-state schools that has an agreement with Say Yes.

If the parents and students in those situations had known the money wasn't going to be available for the entire college career of that student, they might have chosen a different college.  Also, in some cases, families who were planning to move to another county or state a year and a half ago have remained in Guilford County because of the promise of Say Yes money years down the line.  In other cases, the highly touted Say Yes program was one of the main reasons families chose to move to Guilford County.

Fewer students will get money from Say Yes for college scholarships 

and many will get less than before 

The biggest cost savings for Say Yes 

comes from cutting off families that make $100,000 or more per year

Say Yes paid about $5.85 million to fund scholarships for 2,426 graduates this year, 

drawing on money raised from local and regional donors, 

and overspending what their model predicted. 

The average payout— about $2,411— is more than expected

Scholarship board Chairman Chuck Cornelio 

said they are hoping to bring costs down to around $1 million per year.

http://www.greensboro.com/news/local_news/say-yes-guilford-scholarship-board-tightens-eligibility-requirements-for-scholarships/article_0e7df471-4278-5bca-ad0e-9ab80e5c55e2.html

...A statement by Marian Steele was typical: "So basically it's a BS program," that post read.  "It was one of the few ways my family could benefit as we earn too much for qualifying for need based financial aid yet we have nowhere near enough to pay out of pocket.  Thanks a lot for nothing!  And WHY is this not being loudly advertised so that kids don't have false hope?!?!?  Super angry [about] this.  If you are going to change the program you have the OBLIGATION to let people know!!!!!!!"

Another expectant beneficiary of the program, Bonnie Thyer, posted, "Seniors needed to know this information last fall when applying to colleges!  They have made decisions based on the promises of this program.  For most it is too late to change or to apply to other colleges.  Very disappointing!!"

...One high-ranking Guilford County Schools official who asked not to be named said: "I am appalled that that organization would come in here and do that to our students.  In the worst case, I would hope they could continue to fund the education of those in college now."

"How in the world could you miss it by that much?" the school official continued.  "If I were a wealthy benefactor and you had come to me and said that that burden would be $500 million, I would say, 'Forget it - you will never raise that much."

Among the many questions now filling the air are whether lawsuits might be filed by those affected families, as well as questions as to whether contributors who have promised money to Say Yes will be obligated to fulfill those pledges now that the program will be different from the one they initially agreed to fund.

...Paul Lessard, the founder and president of the High Point Community Foundation, [is directly responsible for misleading our community, along with Walker Sanders of the Greensboro Community Foundation]

...for some elected officials who voted to show support for the program, one of the big selling points that helped get everyone on board is that it benefited the middle class as well as the needy.

Our elected leaders are directly responsible 

for selling a scam to our county's children and their parents

One Facebook poster, Des Baker, stated:  "How can your program which was touted by our former superintendent and our current superintendent as the best thing to happen to our students all of the sudden change course and fund students that are the 'most in need?'  You do realize that the working class parents are the ones who will suffer, low-income students will already be receiving the most financial aid.  What about the parents and students who make too much to receive aid but don't make enough to pay for the $17000 plus it now costs to attend state school?  Thanks Say Yes, for essentially Saying No to my child."

Back in August, Skip Moore, the former president of the Weaver Foundation, spoke on the major effect the program would have on bringing people and businesses to the area.

Skip Moore lied, and is directly responsible for this mess

"This is as much an economic development program as it is an education program," Moore told the Guilford County commissioners at that time.

...the program was unequivocally sold to the community as a benefit to families of all income levels.

In September 2015, former Superintendent of Guilford County School's Mo Green and wealthy Say Yes founder George Weiss told a packed gymnasium at Ragsdale High School - amidst a sea of cheering kids waiving pom-poms and balloons with confetti falling from above - that the program was there to benefit all of the kids in the gym and in the Guilford County school system.

Mo Green is directly responsible

Say Yes has stated that the organization will release more data and announce the new guidelines by the end of March.  For now, there are a lot of questions hanging in the air.  Among those are how many students have been funded and how much money has been paid out and who will be granted access to the program for the 2017-2018 school year.

Still no detailed data as to who got what, 

and how former Greensboro employees Mary Vigue and Donnie Turlington misled so many, 

with the help of Nancy Vaughan and Tony Wilkins among others

The group may also provide more detail on how this happened.

Not yet

In this, the first year of the program, the 2016-2017 school year, Say Yes is so far only paying for one year - but the program is designed to fund four years of college for a student - so the actual cost, if the full program were implemented would be something close to $6.1 million times four - $24.4 million.  (The actual number would vary according to number of dropouts, class size in the coming years, etc.)  But $24.4 million would use up about half of the endowment, so the figures are even further off than they seem originally.

http://www.myvirtualpaper.com/doc/rhino-times/march-16-2017/2017031501/#8
.

.
Yost on Say Yes Money in the Caymen Islands, Outsized Investment Returns and the School Board's Pat Tillman lying about it

http://greensboroperformingarts.blogspot.com/2017/03/yost-on-say-yes-money-in-caymen-islands.html

Next Say Yes to Education victim; "Cleveland schools edge closer to free college for every grad"

http://greensboroperformingarts.blogspot.com/2017/03/next-say-yes-to-education-victim.html

Say Yes To Education: Are We Witnessing A Trend?

http://greensboroperformingarts.blogspot.com/2017/03/say-yes-to-education-are-we-witnessing.html

The end of Triad City Beat

http://greensboroperformingarts.blogspot.com/2017/03/the-end-of-triad-city-beat.html

"Say Yes Guilford currently has $9.2 million on hand"

http://greensboroperformingarts.blogspot.com/2017/03/say-yes-guilford-currently-has-92.html

Some Questions Say Yes Will Not Answer Today Or Ever

http://greensboroperformingarts.blogspot.com/2017/03/some-questions-say-yes-will-not-answer.html

I Found The Missing Say Yes Funding

http://greensboroperformingarts.blogspot.com/2017/03/i-found-missing-say-yes-funding.html

Say Yes Guilford Needs Your Help

http://greensboroperformingarts.blogspot.com/2017/03/say-yes-guilford-needs-your-help.html

Say Yes Guilford Hires Out Of State Public Relations Firm

http://greensboroperformingarts.blogspot.com/2017/03/say-yes-guilford-hires-out-of-state.html

Scott Yost on Say Yes to Education; "You Should Look a Gift Horse in the Mouth"

http://greensboroperformingarts.blogspot.com/2017/03/scott-yost-on-say-yes-to-education-you.html

Say Yes to Education is meeting at the O.Henry Hotel today until 3:30pm, including racial issues

http://greensboroperformingarts.blogspot.com/2017/03/say-yes-to-education-is-meeting-at.html

The Rhino's John Hammer takes credit for breaking the Say Yes to Education story

http://greensboroperformingarts.blogspot.com/2017/03/the-rhinos-john-hammer-takes-credit-for.html

Say Yes Guilford's Donnie Turlington on Say Yes to Education funding on March 1, 2017

http://greensboroperformingarts.blogspot.com/2017/03/say-yes-guilfords-donnie-turlington-on.html

60,000 print readers read 5,000 Rhino Times per week?

http://greensboroperformingarts.blogspot.com/2017/03/60000-print-readers-read-5000-rhino.html

The beginning of the middle of the eventual end of Say Yes to Education in Guilford County

http://greensboroperformingarts.blogspot.com/2017/03/the-beginning-of-middle-of-eventual-end.html

Seriously? Seriously?

http://greensboroperformingarts.blogspot.com/2017/03/seriously-seriously.html

John Hammer at the Rhino Times is starting to get the fcukedupness of Say Yes to Education

http://greensboroperformingarts.blogspot.com/2017/03/john-hammer-at-rhino-times-is-starting.html

Former City of Greensboro Assistant Manager Mary Vigue used her position to personally profit via Say Yes to Education and Say Yes Guilford

http://greensboroperformingarts.blogspot.com/2016/09/former-city-of-greensboro-assistant.html

Guilford school board seeks more information from Say Yes

http://www.greensboro.com/news/schools/guilford-school-board-seeks-more-information-from-say-yes/article_dcde8eee-fcdb-5c3a-99d7-1447ae62d009.html

Interim executive director named for Say Yes to Education Guilford

http://www.greensboro.com/news/local_news/interim-executive-director-named-for-say-yes-to-education-guilford/article_1e112125-23c7-5b2d-86a5-882da9b1e1e9.html

An email sent to Say Yes to Education folks this morning;

http://greensboroperformingarts.blogspot.com/2016/11/an-email-sent-to-say-yes-to-education.html

I handed out about 100 fliers of this at the meeting; "Say Yes to Education and Say Yes Guilford Unanswered Questions"

http://greensboroperformingarts.blogspot.com/2016/11/i-handed-out-about-100-fliers-of-this.html

It's been about a month since the News and Record hasn't reported Say Yes Guilford has less than $11 million, and charter schools have to pay 100%

http://greensboroperformingarts.blogspot.com/2016/12/its-been-5-days-and-news-and-record.html

"Newcomers join Greensboro school board this month" and Say Yes Guilford

http://greensboroperformingarts.blogspot.com/2016/12/newcomers-join-greensboro-school-board.html

A comment awaiting moderation at Triad City Beat's "Say Yes says maybe to undocumented Guilford students"

http://greensboroperformingarts.blogspot.com/2016/11/a-comment-awaiting-moderation-at-triad.html

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

http://greensboroperformingarts.blogspot.com/2016/11/say-yes-to-education-and-say-yes.html

Friday, November 11, 2016 7:40 pm; "Council for Say Yes will hold public meeting Monday"

http://greensboroperformingarts.blogspot.com/2016/11/friday-november-11-2016-740-pm-council.html

Say Yes to Education Red Flag; Mary Vigue; She is about to be in charge of more than $25 million for a 'non-profit' after shafting City of Greensboro employees out of investment fee cuts

http://greensboroperformingarts.blogspot.com/2015/10/say-yes-to-education-red-flag-mary.html

Mary Anne Schmitt-Carey; President at Say Yes to Education, Inc.; Professional Fundraising Organization

http://greensboroperformingarts.blogspot.com/2015/10/mary-anne-schmitt-carey-president-at.html

David Colin; Just Say Yes raises lots of questions

http://greensboroperformingarts.blogspot.com/2015/10/david-colin-just-say-yes-raises-lots-of.html

Say Yes to Education Independent Contractor Compensation the News and Record's Susan Ladd failed to report

http://greensboroperformingarts.blogspot.com/2015/10/say-yes-to-education-independent.html

Say Yes to Education, Inc. (Say Yes), and Say Yes Guilford appears to be a legal Ponzi scheme and/or a Racket

http://greensboroperformingarts.blogspot.com/2015/11/say-yes-to-education-inc-say-yes-and.html

How the Triad Business Journal got played for chumps by Say Yes to Education and Say Yes Guilford

http://greensboroperformingarts.blogspot.com/2015/11/how-triad-business-journals-reporter.html

On October 3, 2015, Guilford County's Board of Education was shown a "Full Tuition Scholarship Incentive" plan, for every GCS graduate who goes to college

http://greensboroperformingarts.blogspot.com/2015/11/on-october-3-2015-guilford-countys.html

Monday, November 16, 2015, I crashed the Say Yes to Education and Say Yes Guilford meeting at Smith High School and passed out fliers asking the following questions;

http://greensboroperformingarts.blogspot.com/2015/11/i-crashed-say-yes-to-education-and-say.html

Say Yes to Education and Say Yes Guilford are saying they are going to cover the last dollar costs between financial aid and total tuition

http://greensboroperformingarts.blogspot.com/2015/11/say-yes-to-education-and-say-yes.html

Triad City Beat Lying to their readers and Guilford County's rising seniors about Say Yes to Education

http://greensboroperformingarts.blogspot.com/2015/12/triad-city-beat-lying-to-their-readers.html

"Guilford commissioners hear update on Say Yes"

http://greensboroperformingarts.blogspot.com/2016/02/guilford-commissioners-hear-update-on.html

Say Yes Guilford Questions for Guilford County Commissioner and School Board Candidates

http://greensboroperformingarts.blogspot.com/2016/02/say-yes-guilford-questions-for-guilford.html

"Obtain free college tuition by “Saying Yes” to education"

http://greensboroperformingarts.blogspot.com/2016/08/obtain-free-college-tuition-by-saying.html

"Some parents find it hard to believe their child is now eligible for free college tuition simply because they’re graduating from a public school in Guilford County."

http://greensboroperformingarts.blogspot.com/2016/08/some-parents-find-it-hard-to-believe.html

City of Greensboro Public Information Request on Say Yes to Education; "Say Yes to Education designee on the Operating Committee, Scholarship Board and Community Leadership Council"

http://greensboroperformingarts.blogspot.com/2016/08/city-of-greensboro-public-information_23.html

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

http://greensboroperformingarts.blogspot.com/2016/11/the-news-and-records-jessie-pounds.html

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

http://greensboroperformingarts.blogspot.com/2016/10/from-say-yes-to-educations-712014-to.html

Dear Donnie Turlington and Mary Vigue; Please explain why Say Yes to Education's money is in Central America

http://greensboroperformingarts.blogspot.com/2016/02/dear-donnie-turlington-and-mary-vigue.html

Say Yes to Education's amazing, quite unbelievable investment performance

http://greensboroperformingarts.blogspot.com/2016/06/say-yes-to-educations-amazing-quite.html

George 'Say Yes to Education' Weiss and Associates;"...the hedge fund portfolio reportedly returned more than 50% per year on an annual basis", except for when it didn't

http://greensboroperformingarts.blogspot.com/2016/09/george-say-yes-to-education-weiss-and.html

Former City of Greensboro Assistant Manager Mary Vigue used her position to personally profit via Say Yes to Education and Say Yes Guilford

http://greensboroperformingarts.blogspot.com/2016/09/former-city-of-greensboro-assistant.html

Gag order and censorship for Guilford County teachers by Say Yes to Education and Angela Jackson of Guilford County's Association of Educators

http://greensboroperformingarts.blogspot.com/2016/07/gag-order-and-censorship-for-guilford.html

George Weiss doesn't mind using massive leverage and illegal tax avoidance

http://greensboroperformingarts.blogspot.com/2016/08/george-weiss-doesnt-mind-using-massive.html

One Dollar; "Resolution Requesting Approval of Lease Agreement with Say Yes to Education"; Tuesday, November 17, 2015

http://greensboroperformingarts.blogspot.com/2016/08/one-dollar-resolution-requesting.html

George 'Say Yes to Education' Weiss and Associates;"...the hedge fund portfolio reportedly returned more than 50% per year on an annual basis", except for when it didn't

http://greensboroperformingarts.blogspot.com/2016/09/george-say-yes-to-education-weiss-and.html

Friday, November 11, 2016 7:40 pm; "Council for Say Yes will hold public meeting Monday"

http://greensboroperformingarts.blogspot.com/2016/11/friday-november-11-2016-740-pm-council.html

Former City of Greensboro Assistant Manager Mary Vigue used her position to personally profit via Say Yes to Education and Say Yes Guilford

http://greensboroperformingarts.blogspot.com/2016/09/former-city-of-greensboro-assistant.html

Ponzi needs a new town; Jul 25, 2016 4:59 AM; "Say Yes to Education" program could mean free college for Louisville students"

http://greensboroperformingarts.blogspot.com/2016/07/ponzi-needs-new-town-jul-25-2016-459-am.html

Susan Ladd's oldest daughter appears to be in line for a Say Yes to Education scholarship

http://greensboroperformingarts.blogspot.com/2016/08/susan-ladds-oldest-daughter-appears-to.html

There hasn't been a news story out of Louisville on Say Yes to Education since; Boris hasn't called with questions yet

http://greensboroperformingarts.blogspot.com/2016/08/there-hasnt-been-news-story-out-of.html

The City of Greensboro's former Assistant Manager Mary Vigue, now Say Yes Guilford Director, was directly responsible, along with City Council and other City staff, for doing Greensboro's employees wrong

http://greensboroperformingarts.blogspot.com/2016/08/the-city-of-greensboros-former.html

"City of Greensboro, mayor sued over access to public records" by Roch Smith Jr.

http://greensboroperformingarts.blogspot.com/2016/08/city-of-greensboro-mayor-sued-over.html

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

http://greensboroperformingarts.blogspot.com/2016/08/more-on-what-say-yes-to-education.html

Let's not forget what Guilford County School parents and students were told; "New Say Yes to Education partnership means free college tuition for Guilford County students"

http://greensboroperformingarts.blogspot.com/2016/08/lets-not-forget-what-guilford-county.html

Remember what they told the kids; "Guilford County Says YES to Education - and Yes to College Tuition!"

http://greensboroperformingarts.blogspot.com/2016/08/remember-what-they-told-kids-guilford.html

How it began in Guilford County, only different; "City, schools working on $100 million effort to provide free college to Louisvillians"

http://greensboroperformingarts.blogspot.com/2016/07/how-it-began-in-guilford-county-only.html

"See Jane Lose"; How Say Yes to Education's Mary Vigue, Greensboro Mayor Nancy Vaughan and Tony Wilkins betrayed the City's employees

http://greensboroperformingarts.blogspot.com/2016/07/see-jane-lose-how-say-yes-to-educations.html

Gag order and censorship for Guilford County teachers by Say Yes to Education and Angela Jackson of Guilford County's Association of Educators

http://greensboroperformingarts.blogspot.com/2016/07/gag-order-and-censorship-for-guilford.html

If Say Yes Guilford has $35 million,...

http://greensboroperformingarts.blogspot.com/2016/07/if-say-yes-guilford-has-35-million.html

$832,000 Payoff; "Buffalo Public Schools award the contract to Say Yes for community program"

http://greensboroperformingarts.blogspot.com/2016/07/832000-payoff-buffalo-public-schools.html

Richard (Skip) Moore's misleading statements; "8 Things to Know About "Say Yes To Education"

http://greensboroperformingarts.blogspot.com/2016/07/richard-skip-moores-misleading.html

Oblivious Buffalo News Editorial Board "Say Yes is leading a vital improvement in the number of college-bound students"

http://greensboroperformingarts.blogspot.com/2016/07/oblivious-buffalo-news-editorial-board.html

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

http://greensboroperformingarts.blogspot.com/2016/07/why-did-hartford-chapter-of-say-yes.html

Alan Duncan and Amos Quick; "Through Say Yes to Education in Syracuse, Contreras has worked with her community..."

http://greensboroperformingarts.blogspot.com/2016/07/alan-duncan-and-amos-quick-through-say.html

Wednesday, June 29, 2016; New Guilford County Schools Superintendent Sharon Contreras' = Say Yes to Education, Say Yes Guilford and Say Yes Syracuse = Say Yes now owns Guilford County Schools

http://greensboroperformingarts.blogspot.com/2016/06/new-guilford-county-schools.html

Thursday, June 30, 2016; Say Yes to Education's amazing, quite unbelievable investment performance; This is a George Weiss special

http://greensboroperformingarts.blogspot.com/2016/06/say-yes-to-educations-amazing-quite.html

Thursday, June 30, 2016; John Hammer on new Guilford County Schools Superintendent Sharon Contreras and Say Yes to Education

http://greensboroperformingarts.blogspot.com/2016/06/john-hammer-on-new-guilford-county.html

Wednesday, June 29, 2016; WEDNESDAY, JULY 29TH 2015; "The Say Yes to Education program has closed its Syracuse office"

http://greensboroperformingarts.blogspot.com/2016/06/wednesday-july-29th-2015-say-yes-to.html

Thursday, June 30, 2016; Say Yes To Education-- The E-mails: Part 1

http://greensboroperformingarts.blogspot.com/2016/06/say-yes-to-education-e-mails-part-1.html

Friday, July 1, 2016; Say Yes To Education-- The E-mails: Part 2

http://greensboroperformingarts.blogspot.com/2016/07/say-yes-to-education-e-mails-part-2.html

"Newcomers join Greensboro school board this month" and Say Yes Guilford

Charter Schools get to participate in Say Yes Guilford scholarships, 

as long as they put up 100% of the money

and Republicans Anita Sharpe, Pat Tillman, Wes Cashwell and Linda Welborn

haven't said a word so far

"Five new members will take seats on the Guilford County Board of Education on Dec. 13 in a dramatic shift for a board that’s featured long tenures.  ...coming just a few months after the arrival of new [Say Yes to Education backed] Superintendent Sharon Contreras.

...Republican Anita Sharpe defeated Democrat Jeff Belton on Nov. 8, making her the sole challenger to win against a current board member in the general election this round.

What is Anita Sharpe's position 

on Say Yes Guilford's unsustainable math?

...Democrat T. Dianne Bellamy-Small, a former Greensboro councilwoman, took out incumbent Keith McCullough in the March Democratic primary.

Does Bellamy-Small know Say Yes Guilford 

is paying out more to white students than black?

Democrat Byron Gladden, Republican Pat Tillman and Republican Wes Cashwell beat other outsiders in their races, after some current members chose not to run again.

Does Pat Tillman and Wes Cashwell know 

Guilford County Charter Schools will have to pay 100% of the costs

for Say Yes scholorships for their student graduates,

which still hasn't been reported by the News and Record?

The new group will join returning members Republican Linda Welborn and Democrats Alan Duncan, Darlene Garrett and Deena Hayes-Greene..."

As confirmed by Donnie Turlington, Skip Moore and Kevin Gray, 

the Say Yes Guilford endowment is currently under $11,000,000,

which appears to owe Say Yes National money

http://www.greensboro.com/news/schools/newcomers-join-greensboro-school-board-this-month/article_da49807a-9c30-5c33-b9f0-184f85e7553d.html
.
.
from: myguilford.com to: G Dec 1, 2016 at 5:31 PM subject: Say Yes correspondence Information Request

$1 million for the first semester, another for the second
= most likely less than $2 million per year after attrition

x 2 for the second year = $4 million

x 2 after 4 years = about $8 million per year needed over the long term.

If the endowment magically becomes $100 million,
that would be an $8 million payout per year, or 8%,
not counting administrative costs and 'wrap around services'.

Say Yes has pledges of under $41 million,
and less than $11 million in hand,
with some of the money designated for wrap around services

http://greensboroperformingarts.blogspot.com/2016/12/from-myguilfordcom-to-g-dec-1-2016-at.html
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Former City of Greensboro Assistant Manager Mary Vigue used her position to personally profit via Say Yes to Education and Say Yes Guilford

http://greensboroperformingarts.blogspot.com/2016/09/former-city-of-greensboro-assistant.html

Say Yes Guilford's money is being managed by one entity, 

with management profits split between the High Point and Greensboro foundations

The foundations need to declare they are acting as fiduciaries

as well as the sole money manager,

and the total fees including transaction costs should be disclosed

An email sent to Say Yes to Education folks;

Skip said there is a little more than $10 million in hand and a little under $41 million pledged.

Correct me if I didn't hear that, but that's what it sounded like Moore said, but didn't show up in the News and Record article. I told Donnie that's what I was operating on unless I heard different, and I haven't.

Walker Sanders told me the Community Foundation of Greater Greensboro was charging its normal rates to manage the money

That's inexcusable. Skimming like that off of money meant for poor kids.

One of the speakers told the audience Guilford County was the third Chapter which doesn't appear to be true

I heard about 5 times the money is coming in over the next 4 to 6 years.

Say Yes has misled the public by giving the impression it's got the full $41 million.

Still don't have any numbers on how much was given out.

If Say Yes gives $2 million, $1,000 each for the whole school year, they just gave out 20% of the money in hand.

Leaves $8 million.

At 0% return, another $7.5 million comes in ($30 million / 4) next year, but the students double.

Say Yes pays out $4 million on the new class on top of the first one, leaves about $11.5 million, not counting what the 'foundations' and whomever else takes out of the pot.

Same math plus another class the next year with 2,000 more scholarships leaves about $13 million.

Same math plus another class the full 4 classes going at the same time leaves about $12.5 million.

See the problem? If another $7.5 million doesn't come in the next year, Say Yes is left with $4.5 million, which wouldn't cover the following year.

If a whole lot of new money doesn't come in over a long period of time, Say Yes runs out of money in less than 10 years, so don't go around telling grade school kids their college tuition is going to be covered, because it's probably not, which is most likely how all those other Say Yes chapters went under, and why the state stepped in for Syracuse.

It's time for some adults to step up and tell the truth, which Skip and friends have been hiding for more than a year.

It starts with actual numbers to crunch.
.
.
Now the time has come to get some answers from Say Yes now that the operating committee etc... is in place, and most know what the issues are.

Then the answers need to be reported by our local news outlets, which has a 80/20 chance of not happening.

http://greensboroperformingarts.blogspot.com/2016/11/an-email-sent-to-say-yes-to-education.html

Dear Donnie Turlington and Mary Vigue; Please explain why Say Yes to Education's money is in Central America

http://greensboroperformingarts.blogspot.com/2016/02/dear-donnie-turlington-and-mary-vigue.html

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 

located in "CENTRAL AMERICA AND THE CARIBBEAN"?

"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.

http://www.greensboro.com/news/schools/guilford-county-schools-seniors-can-sign-up-for-say-yes/article_b8e092b9-ba0e-5ca8-a719-709b9593f4a1.html

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

http://greensboroperformingarts.blogspot.com/2016/10/from-say-yes-to-educations-712014-to.html

George 'Say Yes to Education' Weiss and Associates;"...the hedge fund portfolio reportedly returned more than 50% per year on an annual basis", except for when it didn't

http://hedgetracker.com/article/George-Weiss-Associates-to-launch-new-multistrategy-offering

http://www.symmetric.io/hedge-fund/WEISS-MULTI-STRATEGY-ADVISERS-L-RATING.html

http://www.octafinance.com/weiss-multi-strategy-advisers-just-filed-its-q1-2015-portfolio/

From $4.6 Billion to $2.5 billion;

http://www.octafinance.com/hedge-funds/weiss-multi-strategy-advisers-llc/

And as of 06/30/2016, Weiss' fund is $1,239,592,000 smaller than 2015Q2;

http://whalewisdom.com/filer/weiss-multi-strategy-advisers-llc

Beware of asset managers bleeding investor cash

George Weiss doesn't mind using massive leverage and illegal tax avoidance

"Representatives of global banks and major hedge funds were questioned on Capitol Hill Tuesday over a Senate report that found the institutions participated in complex financial transactions that enabled the funds to avoid paying billions of dollars in taxes.

...the banks were able to provide the hedge funds as much as $20 in loans for each dollar put up by the funds...

A margin call occurs after an investor borrows to purchase investments 

while using current investments as collateral 

and the brokerage firm who lent the money asks for more 

if the account's value declines below required levels

which Say Yes money may be involved in. 

...transactions enabled Renaissance and 12 other hedge funds not only to avoid taxes but evade federal borrowing limits on brokerage accounts over a 15-year period.

Most brokerage firms allow from two to five days to meet the call. 

If an investor purchases $100,000 worth of securities

with an initial investment of $50,000

and a loan of $50,000 with a 30% "maintenance" requirement

and the account falls below $80,000, the investor should receive a margin call.

So $79,999 = 29,999 (less than 30% of the $100,000) in equity

and $50,000 owed = a maintenance call.

...banks sold "basket options" to the hedge funds that allowed the funds to report trading profits as long-term capital gains for tax purposes — even though 97% of the assets were held for less than six months, the report found.

If the investments go up before the money is due 

usually somewhere between two and five days, 

meaning if the account rises above $80,000 above the 30%, 

the margin call is considered to have been met

and the investor doesn't have to sell or supply more money.

...George Weiss Associates, a hedge fund cited in the subcommittee report, said in a statement before the hearing that it terminated its involvement with the options transactions in May 2010 "because of increasing market volatility." It added, "basket options are lawful financial instruments often used to obtain leverage."

Is Weiss utilizing leverage for student scholarships?

...the trades were made in the banks' accounts so that the hedge funds would not be subject to leverage limits that prevent banks from lending more than $2 for every dollar put up by the hedge funds... The funds, however, controlled all assets, executed all the trades and reaped the profits, the subcommittee said.

...the hedge funds "stretched two key elements of the tax law," and said the IRS should challenge the financial arrangements.

If the the $100,000 falls under $80,000,

and the investor still owes $50,000 plus interest 

and the account doesn't go back up in time

the investor has to either sell enough to bring the account into compliance

or inject more money into the account to bring the equity back up over 30%.

If the investor doesn't act, the brokerage firm usually does

as the brokerage has the right to sell securities to increase an account's equity

until it rises above the maintenance margin.

...the trades should have been part of a normal brokerage account, and the funds should have been paying an ordinary income tax rate for short-term gains, which is as high as 39%, instead of a 15% or 20% rate for long-term capital gains."

http://www.usatoday.com/story/money/business/2014/07/22/senate-hearing-hedge-fund-taxes/12984733/

If Weiss is using leverage to invest Say Yes money,

it could be wiped out by an adverse event inside a week