Perpetual Education Fund
In 2001, the LDS Church established a modern variant of the PEF, dubbing it the Perpetual Education Fund. This new fund helps Latter-day Saints in mostly third-world countries gain an education. Again, once established in a new profession, church members are expected to repay the funds, with minor interest, so others can receive help. Unlike the original PEF, the Perpetual Education Fund is not an incorporated company that is separate from the LDS Church.
Read more about this topic: Perpetual Emigration Fund
Famous quotes containing the words perpetual, education and/or fund:
“The human body is not a thing or substance, given, but a continuous creation. The human body is an energy system ... which is never a complete structure; never static; is in perpetual inner self-construction and self-destruction; we destroy in order to make it new.”
—Norman O. Brown (b. 1913)
“Law without education is a dead letter. With education the needed law follows without effort and, of course, with power to execute itself; indeed, it seems to execute itself.”
—Rutherford Birchard Hayes (1822–1893)
“I am advised that there is an unexpended balance of about $45,000 of the fund appropriated for the relief of the sufferers by flood upon the Mississippi River and its tributaries, and I recommend that authority be given to use this fund to meet the most urgent necessities of the poorer people in Oklahoma.”
—Benjamin Harrison (1833–1901)