This week we have New Hampshire and the group in discussion is Huggins Hospital. Some questions we have for this organization are:
Why did you take out a PPP loan for $6.4M when the organization has over $110M net assets?
On the Statement of Revenue, can we have more information on 2a-d?
Would you be able to describe what publicly traded security investments were done that gained $51M?
What related company is the top trustee earning $900 K from?
What are the Schedule R companies?
We reached out to the Huggins Hospital in order to ask them about these alarming points we came across but they never responded for a comment.
In conclusion, the Huggins Hospital 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. Citizens Bank, National Association 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 $3,200,000. Here is how that breakdown of that money will look like:
$20,000 towards our website.
$3,180,000 for 106 classrooms in New Hampshire
Helping 106 teachers, over 2,900 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
Huggins Hospital #doBetter and with this amount we can do #MOREtogether to truly help the youth in New Hampshire, give our youth a better chance for financial freedom and a better place to live. #doMORE
If you believe in our program for high school and college students you can help out by donating at https://bbfkids.org/donate