The Perpetual Education Fund: A Bright Ray of Hope

“Today’s world is competitive, more than it’s ever been. I believe men and women need to get a type of education which will enable them to meet the exigencies [urgent needs] of life. … Men and women need to be prepared for a vastly broader scope than we’ve ever had before. ... [The Perpetual Education Fund] is a fund that will go far into the future.” Thomas S. Monson, in news conference, February 4, 2008; see Church News, Feb. 9, 2008

The Perpetual Education Fund (PEF) was established in 2001 during general conference when Gordon B. Hinckley, then President of The Church of Jesus Christ of Latter-day Saints, announced a “bold initiative” to help youth in developing areas "rise out of the poverty they and generations before them have known." He spoke of returned missionaries and other ambitious young men and women who have great capacity but meager opportunities:

“I believe the Lord does not wish to see His people condemned to live in poverty. I believe He would have the faithful enjoy the good things of the earth. … In an effort to remedy this [lack of opportunity], we propose a plan … which we believe is inspired by the Lord. … We shall call it the Perpetual Education Fund.” President Hinckley further declared, “Education is the key to opportunity” (“The Perpetual Education Fund,” Ensign, May 2001, 52–53).

The PEF program is patterned after the Perpetual Emigration Fund, which helped more than 30,000 early Church members journey to the Salt Lake Valley from Europe in the mid to late 1800s.

The program is funded through contributions of Church members and others who support its mission. It is a revolving resource in which money is loaned to an individual to help pay for training or advanced education. When a student has graduated and is working, he or she then pays back the loan to the fund at a low interest rate.

"Prophetic Promises"

Watch the video Prophetic Promises, an inspiring presentation of promises fulfilled around the world (running time 18:40 min.)

"The Perpetual Education Fund"

March 2001 | Priesthood session of general conference. Read the talk announcing the Perpetual Education Fund.

Mission Statement

The mission statement of the Perpetual Education Fund. PEF has been established to assist worthy young adults with educational needs...


PEF is established on a solid foundation of everlasting principles for the strengthening of individuals, families, and communities.


President Gordon B. Hinckley, then President of The Church of Jesus Christ of Latter-day Saints, outlined remarkable promises during his announcement to the worldwide Church:

PEF Progress

Since the Perpetual Education Fund was announced March 31, 2001, this “bold initiative” has blessed many around the world

PEF-Administered Fund for the United States

Although this fund is not a part of the Perpetual Education Fund program, at the direction of the Church's First Presidency, the Perpetual Education Fund is assisting in the administration of this fund.