This week we have New York and the group in discussion is JDRF. Some questions we have for this organization are:
Why did you take out a two PPP loan for a total of $10M when the organization has over $100M net assets?
Can we get a breakdown to the Outreach expense for $5M+?
Over $100M in publicly traded securities, so why did you think it was okay to ask for $10M in PPP money?
Did you raise $100M+ in events, but only broke even?
We reached out to the JDRF in order to ask them about these alarming points we came across but they never responded for a comment.
In conclusion, the JDRF 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. Flushing Bank 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 $5,000,000. Here is how that breakdown of that money will look like:
$20,000 towards our admin cost.
$4,980,000 for 166 classrooms in New York
Helping 94 teachers, over 2,600 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
JDRF #doBetter and with this amount we can do #MOREtogether to truly help the youth in New York, 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