Our Financial Approach

Over the last few years MCEF, with the guidance of the board of directors and advisors, has invested funds with local banks and in the stock market. Interest and gains made through these investments fund named scholarships. We do not distribute principal funds for scholarships. 

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Our fiscal year operates July 1 to June 30. Earnings are distributed to each fund based on the permanent principal balance. We withhold 1% of earnings to reinvest in funds allowing them grow over time. An additional 1% is retained to cover MCEF administrative fees. Remaining returns are distributed as scholarships.