SELF
had a great week, raising $100k, thanks to YOU! However, unless this trend is kept up for 40 more weeks, 80-20 is still
dying.
A Board of Donors
Member sent me the following:
"Recently I attended
several parties and talked to some relatively new friends about 80-20.
The people were all shocked when they got to know so few AsAms
donated to 80-20. The room went silent when they were told 16% of US non-orthodox
Jews donate to Israeli religious
organizations every year, because we all know those 16% Jews cannot all be
the wealthy bankers."
Guess What, 16% is way too low!
S. B. Woo thought the 16% figure sounded low.
The Jewish Ams are politically so strong, because
they know that "money talks" and they donate to let those who know politics protect
them. The "donate to Israeli religious orgs" category used above
may be too restrictive to accurately reflect the tradition of the Jewish Ams.
So S. B. googled for more general information about
the giving tradition of the Jewish Americans.
Click here to see
an article based on Pew Report, entitled "How to expand shrinking Jewish
middle," Nov 12, 2014. The following is a summary
statement:
Of particular note
to federations and all who care about : Just 43 percent of
non-Orthodox Jews between 30 and 49 donate to any Jewish cause, sharply down from 60
percent among those just 20 years their senior.
ASTOUNDING!
Even 43% is too blow! How do we compare?
How do YOU compare?
SB Woo
President, 80-20 Educational Foundation
A Volunteer
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PS. SELF money verified! A committee of 3 BOD members was
appointed by S.B. to verify the existence of the SELF fund and that not a penny
has been spent except for banking fees. The committee has reported back, shown below, verifying the above statement.
"We have verified the cash accounts (the
"Accounts") of the 80-20 SELF (the "Organization") as of
December 20, 2014 per the request of the Board of Donors ("Board
Request"). Our responsibility is to independently confirm the
Organization's cash balance as of December 20, 2014 based on our observation of
the Accounts via online banking.
The Accounts was opened upon
establishment of the Organization and all of the contributions have been
deposited to the Accounts. No discretionary expense has expended except
processing fees and bank charges associated with the processing of
contributions. We were provided monthly bank statements as well as the 80-20
Educational Foundation, Inc.'s 2013 Form 990 Return of Organization Exempt From
Income Tax, which contained the relevant information to the Accounts. In
addition we were provided continued access to the Accounts for the purpose of
monitoring of the SELF fund on an on-going basis.
We have identified PNC bank at
which the Organization currently maintained the Accounts as of December 20,
2014 and independently verified the Organization's cash balances of the
Accounts ("Statement of the Accounts") on December 20, 2014. For the
purpose of this Report, "independently verified" means that we were
provided the online access to the Accounts, and physically reviewed the cash
balances of the Accounts.
Member of the Audit Committee
Tony Li
Larry Ho
William Pak"
