Monday, September 15, 2014

Raised $250,000 for SELF in 2 Days

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.     
DONATE  please!

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