Q: What is SELF?
A: SELF stands for Self Empowerment Long-term Fund. In 10 months, it has raised $1.5 million, pledged over 5 years. But it is not enough.
Q: Why is SELF needed?
A: To keep 80-20 alive, after S. B. Woo retires in 2016. He works for 80-20 for free. After he retires, 80-20 needs to find good people to replace him. Good people don't normally work for an organization without a solid financial base and an adequate annual budget. The current annual budget for 80-20 is $100,000. In comparison, that of AIPAC, the Jewish political powerhouse, is $67 million.
Q: How much does SELF need to raise?
A: A minimum of $1 million per year for 5 years, to be raised in 2 years. If the goal is NOT met, 80-20 will likely demise, and all donation will be refunded in full. Not a penny of the raised fund has been spent.
Q: OK, now that I know what is SELF & its goal, tell me how you raised the $250,000 in 2 days?
A: 80-20's last e-newsletter entitled "Collectively, we failed our children on Beckel" obviously has resonated with the hearts of Asian Ams. An anonymous donordonated an additional $120,000!
To see that, click on Acknowledgement Page.
8 others donated another $3,975. As a result, SELF has finally raised $300,363 per year for 5 years, reaching 1/3 of our goal. In addition, 80-20just got a $125,000 grant yesterday. More on that later.
Q: SELF has existed for 10 months. Is SELF way behind schedule?
A: Yes. We should have raised $445,000 per year for 5 years by now.
Q: So is 80-20 quitting?
A: No. 80-20 has always tried even harder when facing failure! 80-20 has just acquired a grant commitment of $125,000 over 5 years or $25,000 per year for 5 year from Woo's Foundation. The money will be used to put up a CHALLENGE FUND.
DONATION between now and midnight of 9/30/14 will be MATCHED by that grant, provided that SELF climbs to $350,000/yr for 5 years by that time*.
Kindly please match & exceed our determination. Do your share to improve our destiny. Click here to DONATE to SELF to keep 80-20 alive.
WE NEED 250 individuals each donating $100/yr for 5 years, or 25 persons,each donating $1,000 per year for 5 year, or 1 person to donate $125,000, which when coupled with the matching fund will get us to $350,000 per year for 5 years!!! When that goal is reached, there will be an election of a Board of Donors.
Only donors may vote and serve on the Board. Self nomination is accepted.
SB Woo, a volunteer
President, 80-20 National Asian Am. Educational Foundation, Inc.
* If the goal of $350,000 is not reached by mid-night 9/30/2014, there will be no matching. However, the grant will NOT be withdrawn. It'll remain with SELF for a future challenge bid. Go donate to SELF now. Together, we can do it. Click on http://admin.80-20nj.info/cgi/80/e?l=8/au/1/f&w=no