This week we have Washington and the group in discussion is the Seattle Art Museum. Some questions we have for this organization are:
Why did you take out a PPP loan for a total of $2M when the organization has over $330M net assets?
Why do you allocate $1.2 million in employee benefits?
Why didn’t you sell any of your investments (publicly traded securities) valued over $98 million?
Why does a Director have a salary of $404,000?
Why have you spent over $41 million in total for lobbying, $1 million per year for the last four years in lobbying nontaxable and $250,000 per year for the last four years in grassroots nontaxable?
We reached out to the Seattle Art Museum in order to ask them about these alarming points we came across but they never responded for a comment.
In conclusion, the Seattle Art Museum should give the money back just like Fortune 500 companies did, but with a twist. Half going back to the government and the other half going back to Building Blocks for Kids. Zions Bank, A Division of can give back any revenue made (penalty should double that amount) for creating this loan. Not sure what the government will do with their half, yet BBFK knows exactly what we will do with our portion.
Building Blocks for Kids would get a total amount of $1,000,000. Here is how that breakdown of that money will look like:
$1,000,000 for 33 classrooms in Washington
Helping 33 teachers, over 900 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
Seattle Art Museum #doBetter and with this amount we can do #MOREtogether to truly help the youth in Washington!! If you believe in our program for high school and college students you can help out by donating at https://bbfkids.org/donate