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 2023 - March 2024)
| Total Expenses | $55,991.68 | 100% |
| Program Expenses | ||
| Payments to A/L & Uni. Students | $55,720.00 | |
| Total Program Expenses | $55,720.00 | 99.5% |
| Administration Expenses | ||
| Bank Service Charges | $261.77 | |
| Paypal Charges | $9.91 | |
| Printing and Communication Expenses | Covered by Board Member Donations | |
| Advertising | Covered by Board Member Donations | |
| Registration Fees | Covered by Board Member Donations | |
| Web Hosting Charges | Covered by Board Member Donations | |
| Total Administration | $271.68 | 0.5% |
| Fundraising Expenses | $0 | 0% |
Notes:
a. Above information has been compiled from the audited financial statements for 2023/2024.
b. All administration expenses ($271.68) have been paid for through 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.