This week we have South Carolina and the group in discussion is
The Blood Connection Inc. Some questions we have for this organization are:
Why did you take out a PPP loan for a total of $3.4M when the organization has over $36M net assets?
Why do you have a Pension Plan of over $1.4M?
Why was over $5.5M spent on advertising?
For expenses $20M was spent on medical supplies, can you explain what type of medical supplies were purchased?
Why take out a PPP loan when the organization has over 7,000,000 in savings/ investments?
We reached out to The Blood Connection Inc in order to ask them about these alarming points we came across but they never responded for a comment.
In conclusion, The Blood Connection Inc 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. Truist 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 $1,710,000. Here is how that breakdown of that money will look like:
$1,710,000 for 57 classrooms in South Carolina
Helping 57 teachers, over 1,500 students with financial literacy and career discovery education for a full year. To learn more about the BBFK: MORE Program visit: https://bbfkids.org/
The Blood Connection Inc #doBetter and with this amount we can do #MOREtogether to truly help the youth in South Carolina!! If you believe in our program for high school and college students you can help out by donating at https://bbfkids.org/donate