Will 80-20 PAC Live?
80-20 Polled ALL SELF donors
80-20 promised to refund all donations when requested, if SELF failed to reach $1 million/yr for 5 yrs by Oct 25, 2015. With the deadline only one month away, 80-20 polled all SELF donors to prepare for all eventualities.
SELF will likely end up around $900k/yr on Oct. 25, 2015 which may be sufficient to maintain an effective 80-20 operation. The current total is $877,000/yr for 5 years. However, many donors may want their money back, resulting in inadequate funding for an effective operation of 80-20 Initiative. Hence, 80-20 polled to find out the likely amount of money left in SELF, after all requests for refunds will have been honored. The following 2-question poll was sent.
"1. Please circle the donor group that you belong to.
a) $10k/yr for 5 yrs. or more b) $5k/yr or more
c) $2.5k/yr or more d) $1k/yr or more
f) $500/yr or more g) $100/yr or more
h) more than $500 in lump sum i) less than $500 in lump sum
2. Select the least stringent condition that you'll tolerate and not ask for your money back. Please be truthful.
a) SELF is $10,000/yr or less than the targeted $1 million/yr for 5 yrs,
b) SELF is $100,000/yr or less below the targeted $1 million/yr for 5 yrs,
c) SELF is slightly more than $850,000/yr for 5 yrs only,
d) Whatever number SELF ends up in on 10/25/2015, I'd rather 80-20 keep the money, and continue to fight for us as a PAC.
We'll publicize the poll results, so that all donors will know why 80-20 will choose to die or live."
Donors responded with extraordinary generosity & faith in 80-20 which deeply touched 80-20's leadership.
1468 donors were polled 3 days ago. By now, 223 donors had replied, accounting for 15.1% of those polled. An 8% return is considered "statistically reliable."
The BIG donors, those contributing $2,500/yr and more, were polled repeatedly, because their decision to ask for refunds will have a larger impact on 80-20's decision to live or die. For example, all nine donors who have donated more than 10,000/yr for 5 yrs, including Prof Mu-ming Poo, have elected to let 80-20 keep the money regardless of the amount of total money raised.
2a: (keep the money if
|2b: (keep the money if|
|2c: (keep the money if|
|2d (keep $ & fight for us)|
|A:10k/yr & up||9|
|B: 5k/yr & up||4|
|C:2.5k/y & up||1||1||17|
|D:1k/yr & up||1||31|
|F: 500/yr & up||1||36|
|G:100/yr & up||3||1||5||91|
|H: $500 lump sum & up||7|
|I: $500 lump sum or less||1||14|
The above result implies that if SELF ends up raising about $900k/yr for 5 yrs. on Oct. 25, then SELF will still have more than 850k/yr for 5 year left, after all requests to refund will have been honored.
To make sure that I counted the responses accurately, donors' replies were submitted to Prof. Larry Ho to verify. He will (1) verify my counts and (2) randomly email some donors to make sure that they indeed replied to the poll as I have reported. After the above poll results are verified, 80-20's leadership will vote to decide whether 80-20 Initiative shall live or die.
Please click here to DONATE generous to help SELF reach $900K/yr for 5 yrs.
S. B. Woo
President and a volunteer for the past 17 years
80-20 Initiative, Inc.