As of today, the $ value of each EF account, shown below, as reported by ourTreasurer, Dr. Wei-jing Zhu is:
Chase Bank Checking/Savings total
TD Ameritrade stock value
Click here to note that the amount raised for SELF,Self Empowerment Long-term Fund, is $100,000 less than EF's total assets. In other words, the original goal of establishing an AsAm "self empowering" organization has been achieved. Henceforth, EF's total assets are likely to increase annually in spite of an annual expenditure of $150,000 to $200,000. That will give our community a LASTING organization with increasing financial strength.
Want to see this goal achieved earlier and faster? Donate here.
Why is EF still penny-pinching?
Because it is YOUR money. EF should only use it when a crisis befalls our community, or to serve your best interest when an occasion presents itself.
An Example of its Usage: Meeting a Crisis
An example is if and when the threat of a new Chinese/Asian Exclusion Act or a new Internment Act looms. There is much China-scare mixed with white supremacy sentiment going on, that such a day might come.
When such a crisis befalls, it is NOT the business of the Chinese-Am community only. Remember that Vincent Chen was bashed to death by a baseball bat because 2 unemployed autoworkers mistook him to be Japanese-Am.
2 More Examples of Its Usage: Serving YOUR Best Interest
(1) If and when a major threat against our civil rights occurs, 80-20 EF shall use that pot of money as the seed money to not only defend our rights but also UNITE our community.
As you know, human nature is such that unless a major disaster befalls all of us, people would rather be "a big fish in a small pond " than uniting and working together for our shared interest. When a crisis comes, the $3.68 million may not be enough, but it'll allow us to react instantly and strongly,
instead of being a sitting duck while trying to raise the money to fight it.
(2) If no major crisis befalls us, then we'll let this pot of money grow, relying on the magic of compound interest to help us achieve another noble goal.
Headlines blared that Harvard won the the case against SFFA (Students for Fair Admissions). The TRUTH is that SFFA won in substance. (I) Harvard changed its admissions standards just before the trial in order to win the legal battle -- changes that increased greatly the number of AsAms admits in 2019, and (II) Even then Harvard's legal victory is likely short-lived, possibly to be overturned if & when its appeal reaches the Supreme Court in 2 to 3 years.
[A] More AsAm Applicants Admitted at Harvard in 2019 Than Ever Before
(1) "an applicant's race or ethnicity should not be considered in assigning the personal rating," and
(2) A new guideline, applied to 2019 applicants, that stated: "It is important to
keep in mind that characteristics not always synonymous to extroversion are
similarly valued. Applicants who seem to be particularly reflective, insightful,
and/or dedicated should receive higher personal ratings as well."
Recall that AsAms were rated the lowest of all races in the "personality rating" and many AsAms are perceived to be more introverted. The changes raised the "personality" ratings for AsAms for the 2019 applicants.
Result? "More than a quarter of the students accepted identified as Asian this year,the highest number ever, up from twenty-three per cent in 2018 and twenty per cent in 2014, when the suit was filed." The quote is from an excellent 10/7/2019 New Yorker article by Prof. Jeannie Suk Gersen of Harvard Law School. Its title is "Many Sins of College Admissions". See the impact of this lawsuit?
[B] Harvard's Legal Victory May Most Likely Be Short Lived.