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:
“Oh, blank confusion! true epitome
Of what the mighty city is herself,
To thousands upon thousands of her sons,
Living amid the same perpetual whirl
Of trivial objects, melted and reduced
To one identity, by differences
That have no law, no meaning, and no end—”
—William Wordsworth (1770–1850)
“One of the benefits of a college education is, to show the boy its little avail.”
—Ralph Waldo Emerson (1803–1882)
“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)