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re: So the truth is staring to come out about Lebrons I Promise School
Posted on 8/8/18 at 1:40 pm to 7th Inning Stretch
Posted on 8/8/18 at 1:40 pm to 7th Inning Stretch
quote:
Sounds like a big tax write off for the king.
Yeah, you have no idea how taxes work.
1
Posted on 8/8/18 at 1:41 pm to buckeye_vol
quote:
Well he pledged $41 million, but the University guarantees them. It’s common for individuals and organizations gives fund to a university and the university sets-up and guarantees its use as agreed.
If it's working that way, why are people now saying that the University is paying for the scholarships?
Posted on 8/8/18 at 1:41 pm to msutiger
I voted for Trump and agree. I wish he would shut up and President, so to speak. I really don’t like my sports with a side of politics. I’d prefer those two stay the frick away from each other
Posted on 8/8/18 at 1:41 pm to slackster
quote:
You don't understand how any of this works.
The VAST majority of the funding from the Akron Public School system is money they were already spending on these students.
They pulled teachers and students form other schools into the I Promise school. They will eventually pull 25% of the "at-risk" students out of the regular schools. They were spending money on these students anyway. The LeBron James Family Foundation and others are helping covering the extras that the I Promise school provides.
Hell, the building for the school already existed. It was a property they were maintaining and using as a temporary school when necessary.
Don't try. This has been covered multiple times in the other thread and dude is still spouting this.
I cited him to the analysis showing this actually reduces cost before you even add in LeBron's contribution, and it does no good.
Posted on 8/8/18 at 1:42 pm to Jcorye1
(no message)
This post was edited on 4/12/23 at 2:10 pm
Posted on 8/8/18 at 1:43 pm to ProjectP2294
quote:Here is a story from when it was originally announced:
That's pretty vague language. Not LeBron's fault. ESPN's fault (or LeBron's publicist).
LeBron James created a foundation that has pledged to give more than 1,100 students full rides to college, which could cost ~ $41 million
Posted on 8/8/18 at 1:44 pm to msutiger
quote:But a charitable deduction is not something difficult to understand, and if it is, then a person should probably not make snarky comments about something they don’t understand.
In fairness to him, the federal tax code is 75,000 pages. It's not exactly an easily understood issue
Posted on 8/8/18 at 1:44 pm to ProjectP2294
quote:Is it better to side with what the Foundation & University agreed on in a public statement or go with the court of public opinion (aka Twitter) in this situation?
If it's working that way, why are people now saying that the University is paying for the scholarships?
Posted on 8/8/18 at 1:46 pm to buckeye_vol
From the article:
If this is accurate (I have no reason to think it isn't), then Clay Travis claiming that Akron is paying the scholarships is either inaccurate, or a ridiculous semantics argument.
ETA: Edited to change "is" to "isn't"
Given that it's Clay Travis, I'll go with ridiculous semantics argument.
quote:
When the third graders reach their senior year, if they've maintained a 3.0 GPA, they'll be offered 4-years of college tuition to the University of Akron, paid for by LJFF.
If this is accurate (I have no reason to think it isn't), then Clay Travis claiming that Akron is paying the scholarships is either inaccurate, or a ridiculous semantics argument.
ETA: Edited to change "is" to "isn't"
Given that it's Clay Travis, I'll go with ridiculous semantics argument.
This post was edited on 8/8/18 at 1:47 pm
Posted on 8/8/18 at 1:49 pm to ProjectP2294
quote:The story from The Plain Dealer a couple days ago is that the University has GUARANTEED the scholarship, which does not necessarily mean it’s also PAYING for it.
If it's working that way, why are people now saying that the University is paying for the scholarships?
Since the eligible students won’t graduate for a few years, then the details of the spending are not available. Between that and Lebron pledging $41 million, it’s foolish to assume that guarantee is equivalent to spending.
Posted on 8/8/18 at 1:50 pm to buckeye_vol
If LeBron only pledged 41 million to my school when I expected 160 million I'd be furious
/s
/s
Posted on 8/8/18 at 1:51 pm to ProjectP2294
This is twitter stunt by CT for retweets and likes on his page. He knows the vast majority of his following isn't going to deep dive into the details of this arrangement.
Posted on 8/8/18 at 1:55 pm to slackster
quote:
Most importantly, they learned that in conjunction with the Foundation and its partners, The University of Akron would provide Foundation students (who meet a certain set of requirements and graduate from Akron Public Schools) with a tuition and fees scholarship to The University of Akron.
So his foundation IS paying for the scholarships and has been for years already
This post was edited on 8/8/18 at 1:56 pm
Posted on 8/8/18 at 1:56 pm to JBeam
quote:
He knows the vast majority of his following isn't going to deep dive into the details of this arrangement.
So like the OP, CptBengal and 99% of the Poli Board?
Posted on 8/8/18 at 1:57 pm to ProjectP2294
quote:
Was it not represented as Lebron promising to give all the graduates scholarships to Akron?
It was, but not by LeBron or his foundation. He has a foundation. The foundation started the I Promise program. The foundation partnered with JPMorgan and U of Akron to guarantee scholarships to kids who completed the I Promise program.
That's the kind of program that only happens for a guy with LeBron's clout.
Posted on 8/8/18 at 1:57 pm to CptBengal
quote:
wait...his leDickriders told us their KANG was paying for it?
guess they will only get safety pins instead.
This is sad, even for you.
Posted on 8/8/18 at 1:57 pm to 7th Inning Stretch
quote:
7th Inning Stretch
Hey man your thread title is misleading. You should include clay travis in it.
Posted on 8/8/18 at 1:58 pm to 7th Inning Stretch
quote:Can't wait to see what your reaction will be when you find out that it's actually 80%!
75% of the School will be funded by the Government.
Posted on 8/8/18 at 2:00 pm to slackster
quote:
They pulled teachers and students form other schools into the I Promise school. They will eventually pull 25% of the "at-risk" students out of the regular schools. They were spending money on these students anyway. The LeBron James Family Foundation and others are helping covering the extras that the I Promise school provides.
so a new facility, new bussing, etc. ABOVE the regular school system has no added cost?
Posted on 8/8/18 at 2:02 pm to buckeye_vol
quote:"it's just a tax write off" is one of my biggest pet peeves.
But a charitable deduction is not something difficult to understand, and if it is, then a person should
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