This week we have Arkansas and the group in discussion is Heifer Project International and some questions we have for them:
Why did you take out a PPP loan for $4 million when the organization has over $200 million net assets?
Why did your Grants go down by $6 million, but your salaries, other compensation, employee benefits, and other expenses go up by over $1 million?
Why did you spend over $6 million on advertising and promotion?
Postage, shipping, printing and other media for over $6 million for fundraising?
Does your organization need 15 directors/VPs making over $2 million in total?
Why did you spend the most on Give Bridge for fundraising (at least 3x more than the other 4 fundraising companies)?
We would love to hear more about how Shared Wealth Ventures LLC, Heifer Project Nepal, Heifer Cambodia LLC, and all other related organizations work with Heifer Project International?
We reached out to the Heifer Project International in order to ask them about these alarming points we came across but they never responded for comment.
In conclusion, Heifer Project International 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. Southern Bancorp 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 $2,000,000. Here is how that breakdown of that money will look like:
$20,000 towards our website.
$1,980,000 for 66 classrooms in Arkansas
Helping 66 teachers, over 1,800 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
Heifer Project International #doBetter and with this amount we can do #MOREtogether to truly help the youth in Arkansas, 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 but donating at https://bbfkids.org/donate