What about administrative costs?
August 21, 2008
What about administrative costs?
All money donated to the Perpetual Education Fund is used to provide educational loans. None is used for administrative costs. Full-time administration is provided by Church leaders who donate their time and expertise. Donations to the fund are added to the fund's corpus, which is invested to balance long-term returns with market risks.
Earnings from the corpus are the primary source of loans to qualified students.