With the exception of direct expenses such as bank service charges, postage, stationary and annual registration fees of the Foundation, all donations go directly to the students. All advertising costs and other miscellaneous costs are not paid from the sponsor donations, but are borne by other general donations from supporters of the Foundation.
Expense Breakdown of Last Fiscal Year (April 2019 - March 2020)
|Payments to Students||$51,257.38|
|Payments to Uni. Students||$4778.83|
|Total Program Expenses||$56,036.21||98.2%|
|Bank Service Charges||$281.00|
|Printing and Postage||$368.98|
a. Above information has been compiled from the audited financial statements for 2019/2020.
b. All administration expenses ($1020.25) have been paid for through special donations and interest income. No donar/sponsor funds were used for these expenses.
c. Advertising expenses was used to call for student applications in Sri Lankan newspapers. It is not to promote the foundation.