Posted on 05/13/2020 5:50:54 AM PDT by kevcol
Sidwell Friends School, a Quaker-affiliated independent school known for enrolling top lawmakers' children—including the daughters of former presidents Bill Clinton and Barack Obama—accepted a $5.2 million loan under the Paycheck Protection Program (PPP), Congress's bailout fund for small businesses affected by the coronavirus crisis.
The school, which brings in over $40 million in tuition annually, declined to give back the loan after Secretary of the Treasury Steven Mnuchin called on "private schools with significant endowments" to "return" PPP funds. In a letter to the community, the board of trustees cited its "fiduciary responsibilities" as well as "our Quaker values" in its decision to keep the money
(Excerpt) Read more at freebeacon.com ...
“our Quaker values”
LOL!
The greediest people I know are Liberals.
Did Georgetown Prep receive any loot?
I didn’t know theft was a “Quaker value”.
If it’s a “loan”, they eventually have to pay it back, right?
St. Albans is the real deep state establishment school in DC.
This school should be turned into a DC homeless shelter.there are many other schools in DC barely making it these days.
Love the part about their “Quaker values”. Would love to see the reaction if this were a Catholic school that somehow had received this taxpayer money.
In Liberals twisted minds, it’s greedy for you to want to keep your money, but not greedy for them to confiscate it and use it for their own sick purposes.
They never get enough of other people’s money.
Ferangi rule of acquisition #1,”Once you have their money, never give it back!”.
No. If they keep people employed and pay their rent if any the loan becomes a grant.
Gotta keep the tuition down to the mid-five figures...just a guess.
Marvelous. So it’s actually government-enabled theft.
Which have borne witness of thy charity before the church: whom if thou bring forward on their journey after a godly sort, thou shalt do well: Because that for his name’s sake they went forth, taking nothing of the Gentiles. (3 John 6-7)
Meaning no solicitation of the public for the Lord's work (though I would not exclude offering to dispense surplus food and receiving such or maybe occasional free public distribution of surplus your taxes paid for, no strings attached, and of which you share), and government loans are not kosher.
St. Albans is too old school white guy. They don’t take girls. A no-no for woke politicians, especially if they only have daughters.
Yes, but think of it this way. If they didn't keep them employed, how could they go to the Kennedy Center which also received 75 Million ?
You don’t know many Quakers.
The program is for businesses without access to capital on which to operate. If Sidwell School had a huge endowment, it has access to capital. They must have lied on their application. File charges for perjury and fraud, and I bet they will find a way to return the stolen cash.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.