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

"Steve Sumerford chairs the board at the Cone Health Foundation, which contributed $1 million to the endowment."

Jordan Green

More like pledged $1 million over a series of years, 

along with the other big pledges like Duke Energy's, 

which over the long term makes the endowment unsustainable.

"[Kevin Gray, ...holds a position on the scholarship board as the executive director of the Weaver Foundation] ...whose foundation contributed $1.25 million to the endowment with an agreement that some of the money could cover operational expenses.

Why isn't Say Yes to Education, 

who pledged $15 million to "cover operational expenses"

covering operating expenses, and letting local money go to scholarships?

...the High Point Community Foundation and the Cone Health Foundation made significant contributions to establish an endowment. Many of those funders, who now have a voice in Say Yes’ governance through positions on the scholarship board and operating committee..."

Jordan Green

Jordan, do you realize the High Point Community Foundation 

and the Community Foundation of Greater Greensboro 

are making money from the endowment?

"Meredith Archie, a spokesperson for Duke Energy, noted that the energy giant’s $1 million grant to Say Yes-Guilford is specifically earmarked for “wrap-around services” like tutoring, mentoring, health, social services and after-school activities that are available to all students in the Guilford County Schools system..."

Jordan Green

It's a grant over a series of years Jordan.  

The money hasn't all been granted yet.

It's news Duke Energy's money isn't going to scholarships.  

So how much of the money pledged to Say Yes to Education-Guilford 

isn't going to scholarships?

"Say Yes-Guilford has raised $41 million towards a goal of $70 million set for the endowment."

Jordan Green

No they have not.  

Skip Moore told the operating committee at the last meeting 

Say Yes Guilford actually has a little over $10 million in hand.  

The rest is pledged over 4 to 6 years.

"Considering that the endowment provides scholarship funding through an interest yield of roughly 4 percent per year..."

Jordan Green

If Say Yes has about $10 million in hand, 

are they only paying out about $400,000 this year?

https://triad-city-beat.com/2016/11/say-yes-says-maybe-undocumented-guilford-students/#comment-70066
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Tuesday, November 15, 2016; An email sent to Say Yes to Education folks this morning;

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.

Still 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.

Jordan Green and Triad City Beat don't seem to have any problem

with Greensboro and High Point Community Foundation's 

skimming money off an endowment set up to fund scholorships 

for Guilford County's students, with Skip Moore's blessings

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.

And Jordan Green repeated the lie

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.

So good luck to undocumented students, 

as Say Yes doesn't appear to be able to fund the scholorships

of the students they have already said would get them

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.
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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.

Which Jordan Green and Triad City Beat just proved

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

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

Hey George,

I haven’t had a chance to write about Say Yes yet really, 

but these are good questions. 

I saved them in my email news folder for when I can cover it. 

Sorry for the delayed response,

Eric Ginsburg

Triad City Beat associate editor

Mon, Oct 26, 2015 at 9:34 PM

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

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

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

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

"Say Yes to Education

Half of the money to fund the endowment — $70 million — had already been raised by the time Say Yes Guilford launched in September..."

Brian Clarey, Jordan Green and Eric Ginsburg
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Brian Clarey, Jordan Green and Eric Ginsburg failed to inform the public of the unsustainability of the program.

Brian Clarey, Jordan Green and Eric Ginsburg failed to tell their readers that most of the Say Yes money isn't in hand, but will be 'gifted' over a series of years, especially the biggest chunks, with no knowledge of what the money is invested in or how much the program is going to cost.

Brian Clarey, Jordan Green and Eric Ginsburg are fucking clueless 

Brian Clarey, Jordan Green and Eric Ginsburg failed to tell the public how much each student may receive in 2016, and in 2017 when the number of scholarships should double, and in 2019, when the expected number of scholarships should double again, because they don't know, as they probably haven't asked, and Say Yes isn't saying if they did, because Say Yes has already been asked, and declined to provide any information including multiple years of tax returns which are supposed to be public records.

Brian Clarey, Jordan Green and Eric Ginsburg should have the temerity to tell some truth once in a while, instead of acting as a mouthpiece for Greensboro's aristocracy while swimming in a sea of financial illiteracy.

But they didn't, don't and probably won't, as speaking truth to power would probably put them out of business, so they will likely continue to act as stenographers for our ruling class, just like Greensboro's News and Record and Roy Carroll's Rhino Times who are playing along with the ruse.

http://triad-city-beat.com/the-triad-100-what-mattered-most-in-2015/6/
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"Routh won't run again for Guilford school board"; Mo Green, Nancy Routh and Amos Quick jumping the Say Yes Guilford and Say Yes to Education ship

http://greensboroperformingarts.blogspot.com/2015/12/routh-wont-run-again-for-guilford.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

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

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

Greensboro's News and Record doesn't mention Mo Green leaving just before this story broke; Who would have thought?

http://greensboroperformingarts.blogspot.com/2015/12/greensboros-news-and-record-doesnt.html

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

John Hammer on Mary Vigue and Say Yes to Education and Zack Matheny and Andy Zimmerman's play for taxpayer money; Same things only different

http://greensboroperformingarts.blogspot.com/2015/11/john-hammer-on-mary-vigue-and-say-yes.html

Heard Spice Cantina went under...along with a couple hundred thousand Greensboro taxpayer dollars

"A property south of the train tracks behind South Elm Street and the Cascade Saloon was sold in 2008 to what would become Greensboro Parking Group LLC for $1,050,000, with a $52,500 real estate commission, half of which was paid to “NAI”.

NAI, as in Robbie Perkins' real estate company

The most crooked mayor in Greensboro's history

until Nancy Vaughan

In February 2012, Greensboro’s City Council passed a resolution approving a $200,000 loan, $100,000 of which was to construct a parking lot that has been completed, and a second $100,000 for a companion restaurant to Worx. Current City Council members who voted for the loan include Nancy Hoffmann, Yvonne Johnson, Zack Matheny, Nancy Vaughan and Marikay Abuzuaiter.

This is on Nancy, Yvonne, Zack, Nancy and Marikay's heads.

These current City Council Members 

and one crooked Greensboro taxpayer funded lobbyist

are directly responsible for what took place

The developer agreed to, and was required to comply with, specified contractual conditions including; “The second $100,000 of City loan funds will be invested in the last $100,000 of project improvements after confirmation that the developer equity and bank funds have been fully deployed into the project. Architect’s or engineer’s certification of work completed on the project and work remaining to be done will be provided to the City prior to the release of any City loan funds. Committed funds totaling $2,272,860... Capital investment must be complete and in-place by July 31, 2013. The parking lot and restaurant tenant, [Spice] Cantina, are required to create at least 4 new full-time positions [by] July 31, 2013. Developer must confirm that all funds inclusive of the tenant up-fit funds of $179,000 necessary to open the restaurant are available and ready to be invested in the business and present a signed lease ... that will own and operate [Spice] Cantina before the second $100,000 of City loan funds are disbursed. The second $100,000 will be used in the renovation and opening of the restaurant and will be reimbursed ... only after all work is substantially completed on the project. The second $100,000 of City loan funds will be invested in the last $100,000 of project improvements after ... bank funds have been fully deployed into the project. No advance payments shall be made.”

Instead of letting organic  forces of free market capitalism

determined who won or lost, 

Nancy, Yvonne, Zack, Nancy and Marikay

chose to allocate money to Council cronies,

which in my view, is a subtle form of fascism

which hurt unconnected businesses down the street

A member of the Momentum Group, whose principals including Downtown Greensboro Inc. (DGI) board member Nick Piornack, informed three City staff members last week that “75 or 80 percent” of the Cantina was complete.

Natty Greene’s poised to move to Revolution Mill

Natty Greene’s co-owner Kayne Fisher 

has previously said that the company will soon outgrow its production facility...

...Revolution Mill Business Development Manager Nick Piornack 

couldn’t be immediately reached for comment Thursday. 

But it appears that if city council approves both grants this upcoming Tuesday, 

Natty Greene’s is here to stay.

Councilman Jamal Fox, 

who represents the district where Revolution Mill is located, 

said he is confident that the resolutions will pass."

http://triad-city-beat.com

Yet the developers have submitted invoices, and received payments from the City, for all but $1,642.86 of the second $100,000. A guesstimate of the project’s progress appears to be far less than the 75 percent cited.

Greensboro's City Council 

just approved millions for a Nick Piornack connected venture

just like they did for his newly failed restaurant

which stole business from competitors down the street

with City Council's blessing 

and their own tax money

The Momentum Group has been in discussions with City Council member Nancy Hoffmann to develop a couple of properties Hoffmann recently purchased on Lewis Street, which would utilize the lot she voted to fund for patron parking.

Nick Piornack as in Nancy Hoffman's business partner, 

Nick Piornack?

Billy Jones

December 5, 2015 at 4:56 PM

Personal guarantees were required from the investor group that included Piornack, whom Nancy Hoffmann nominated for the DGI board.

Nancy Hoffmann Campaign Contributors 

whom Hoffmann voted taxpayer money/largess for, 

which Greensboro's press won't report;

Marty Kotis, Wayne Abraham, Andrew Brod

(Agnes) Gary Brame, George Carr, Dawn Chaney

Betty Cone, Shirley Frye, John Graham

Chip Hagan, Ross Harris, Cyndy Hayworth

Henry Isaacson, Marc Isaacson, Tobee Kaplan

Milton Kern, (Emily) Ed Kitchen, Deborah Lankford

The Lebauers, Reid Phillips, Nick Piornack

The Samet family, Michael Shiftan, Susan Schwartz

Desmond Sheridan, Barry Siegal, Doris Tanger, Cecilia Thompson

http://candidatereports.myguilford.com/files/1612_DOC080315hogf-08032015134439.pdf

Kinda makes you wonder, don't it?

Previously, Hoffmann consented to allow a tenant to apply for a retail grant for her Elm Street building for electrical work, frame and sheet rock, and plumbing. In my view, the grant, which was funded by a Hoffmann Council vote that allocated monies to DGI, benefited her personal property. At a Council meeting, Hoffmann stated “No taxpayer money was spent on my behalf for the 302/304 South Elm building.”

Think the News and Record 
will report Nancy Hoffmann's connections to Nick Piornack
after not reporting her lying to her taxpaying constituents
for self dealing?

It appears the developers have not deployed the agreed upon private monies before asking for the second $100,000 as required. The capital investment and jobs were not in place by the deadline, and the required lease was signed by Piornack, as managing partner of “Spice Cantina, LLC”, even though Piornack is a member of Greensboro Parking Group, LLC, which is listed as the landlord. The City declined further comment on whether the “up-fit funds of $179,000” for the restaurant were “available and ready to be invested”. Nancy Hoffmann did not reply for comment.

Nancy Hoffmann is a crooked, pay to play politician

among others who serve on Greensboro's City Council

who stole/steal from other's tax money 

and the News and Record won't report it

because the News and Record is in on it, deep,
and they keep letting it happen
along with John Hammer and Roy Carroll.

At an Economic Development Committee meeting on April 11, Marikay Abuzuaiter raised the issue of oversight on various loans, grants and incentives provided by the City, specifically citing the Greensboro Parking, LLC loan, and informed her colleagues that Momentum had not satisfied the requirements of the resolution passed by City Council. Abuzuaiter thinks there may be more unfulfilled, undisclosed contracts.

In December, 2013, the contract was amended by City staff without formally informing City Council, extending the “Time of Performance 7/31/2013, to 12/31/2013”. The document states “The City contact for all matters including request for payment and reporting under this agreement shall be Kathi Dubel. Dubel, like former City Manager Denise Turner Roth, served as a lobbyist for the Greensboro Partnership before working for the City.

The City appears to have extended a noncompliant contract after payments were made and obligations not produced, which now looks like it’s in default."

http://yesweekly.com/article-18090-developer-can%25E2%2580%2599t-pave-over-holes-in-city-loan-contract.html
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Greensboro's News and Record reported none of the following;

Robbie Perkins, Nancy Vaughan, Zack Matheny, Jim Kee, Yvonne Johnson and Nancy Hoffmann just cost taxpayers $586,000

http://hartzman.blogspot.com/2013/09/robbie-perkins-nancy-vaughan-zack.html

It's hard to have a crooked government

without a crooked press corps

at the local paper of record
and Roy's Rhino Times

On Nancy Hoffmann's DGI Self Dealing and Conflict of Interest

http://hartzman.blogspot.com/2014/01/on-nancy-hoffmanns-dgi-self-dealing-and.html

Allen Johnson, Doug Clark, Margaret Moffit, 

Jeff Gauger, Amanda Lehmert, Joe Killian,
Roy Carroll, John Hammer, Mark Sutter, Brian Clarey, Jordan Green, Eric Ginsburg, 

Susan Ladd and Stephen Doyle let this happen

without informing the public of the corruption

Kathy Manning, Randall Kaplan's wife, lobbying for a GPAC and their new hotel, with some Nancy Hoffmann, Dawn Chaney and Nancy Vaughan

http://hartzman.blogspot.com/2013/08/kathy-manning-randall-kaplans-wife.html
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Will Nancy Hoffman vote to fund DGI this evening, after her "final subission" to be DGI's landlord?

http://hartzman.blogspot.com/2013/06/will-nancy-hoffman-vote-to-fund-dgi.html

Sounds like the Lee Comer money and street are a joint Dawn Cheney / Nancy Hoffmann project; Linkfest

http://greensboroperformingarts.blogspot.com/2015/03/sounds-like-lee-comer-money-and-street.html

Lee Comer received taxpayer money

advocated by Zack Matheny, Dawn Chaney and Nancy Hoffmann

to unfairly compete with other businesses downtown

with other businesses downtown's tax money,

and the News and Record thought it was great 

to see crooked politicians hook up their friends

to steal business from the unconnected 

How Nancy Hoffmann, Dawn Cheney and the Isaccson's give everyone else's money to their friends, while stiffing East Greensboro

http://greensboroperformingarts.blogspot.com/2015/02/how-nancy-vaughan-and-zack-matheny-give.html
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City Councilwoman Nancy Hoffmann signs authorization for tenant to receive taxpayer money she voted for

http://hartzman.blogspot.com/2013/10/per-dgis-jason-cannon-city-councilwoman.html
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Zack Matheny and Nancy Hoffmann "Are NOT Prostitutes … They Are Pimps"; An Adaptation

http://hartzman.blogspot.com/2013/11/zack-matheny-and-nancy-hoffmann-are-not.html

News and Record Letter to the Editor on Nancy Hoffmann

http://hartzman.blogspot.com/2014/01/todays-news-and-record-letter-to-editor.html
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"No taxpayer money was spent on my behalf for the 302/304 South Elm building." - Nancy Hoffmann

http://hartzman.blogspot.com/2014/01/no-taxpayer-money-was-spent-on-my.html

Nancy Hoffman's campaign contribution connections to Tuesday's Give Away to Greensboro's 1%

http://hartzman.blogspot.com/2013/10/nancy-hoffmans-campaign-contribution.html

How Greensboro works, Nancy Hoffman edition

http://hartzman.blogspot.com/2013/08/how-greensboro-works-nancy-hoffman.html

From a thread at Greater Greensboro Politics on Nancy Hoffman's Crony Capitalism and Self Dealing

http://hartzman.blogspot.com/2013/10/from-thread-at-greater-greensboro.html