How 80-20 EF uses its $4 million

Please note that this is an EF e-newsletter

WeChat account ID is: 8020ef.  Please scan our QR code,  shown below, & on 80-20 EF's WeChat site. For a Chinese  version of this e-newsletter, click on https://goo.gl/6GsJWe                                                                                         Our Treasurer's Report:     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  $182,165.71 Paypal $16,474.00 TD Ameritrade stock value $45,905.00 Zhang Financial  $3,443,457.21 Total $3,688,001.92      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.        The blacks have NAACP.  The Jews have AIPAC (raising $100 million a year; $60 million budget & $149 million endowment).  What does our community have to protect ourselves and our children???  $3.68 million is not much, but a decade or 2 from now our children shall have a significant tool to protect themselves.      You be the judge.  Is the SELF project the GREATEST LEGACY by this generation of AsAms to our children?                            Post YOUR views  here.      Donate Board Members of 80-20 Educational Foundation: Alice Huang, Henry Lee, Elaine Su, S. B. Woo, Jing-Li Yu, and Wei-Jing Zhu PS:   To see how we spent your money, click here for our IRS filings. http://www.80-20educationalfoundation.org/index.php   To know more about 80-20, view these videos : https://youtu.be/dB3eGVqG-wA  (Ignore the last 35 secs. The election is over.) http://youtu.be/h781_ECSJYM  80-20 EF Mission Statement

AsAms, lost legally, but GAINED more seats at Harvard. Why?

Who really won?  Our youngsters or Harvard?

WeChat account ID is: 8020ef.  Please scan our QR code,  shown below, & on 80-20 EF's WeChat site. For a Chinese  version of this e-newsletter, click on https://goo.gl/6GsJWe                                      The TRUTH Will Make You Smile      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       Thanks to SFFA, whose president is Ed Blum, just before the Boston court trial was to begin, Harvard was compelled to change its discriminatory admissions policy in 2 important aspects.  Read a Chronicle Article, entitled "What is New in Harvard's Admissions Procedures: Explicit Instructions on Race".         The 2 changes were:      (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.       Read last week's e-newsletter entitled "Strategic Assessment of College Admissions."  Does [A] & [B] combined tell you about the impact of this lawsuit?                                                 CONCLUSION:                 Does That Mean That the AsAm Community Actually Won?        NO!  AsAm youths now face a less harsh barrier in college admissions, thanks to Ed Blum and a gathering of AsAm activists.  Shamefully, the majority of AsAms, especially our "rich and powerful", were "missing in action" in this battle for our children's  future.         Our community produces way too many "success robots",  who know how to make money & nurture fame & power but who are timid; who are emotionally without the social conscience for justice and equity, and         without the empathy that "charity begins at home," (They donate mostly to          non-Asian causes) and who are intellectually incapable of understanding "enlightened self-interest." (They           fail to realize that a rising tide raises all ships.)         Unless WE convert this group of "success robots" to CORNERSTONE citizens, AsAms are unlikely to contribute as an equal partner in the making of the American Dream.                       Play This Game to Touch Our "Success Robots"         Name the three most famous AsAms you know.  See if 2 of the 3 will fit the category of "success robots."  :-)  Use the Poster Board to tell us your game result. I've posted mine here.  The AsAm "rich & powerful" need feedback from us, since they are mostly missing in action in helping (a) our community and (b) to make America "a more perfect Union".                             Post your views here.      Donate  S. B. Woo President and a volunteer for the past 20 years 80-20 Educational Foundation, Inc, a 501 C-3 organization, http://www.80-20educationalfoundation.org/index.php Lieutenant Governor of Delaware (1985-89)   To know more about 80-20, view these videos : https://youtu.be/dB3eGVqG-wA  (Ignore the last 35 secs. The election is over.) http://youtu.be/h781_ECSJYM  80-20 EF Mission Statement