PBSP and Philam Foundation marks 10th year of Aid for Basilan Children Project
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CAPTION: (L-R): Vicky Co, Relationship Management Unit Manager, PBSP; Max Ventura, Executive Director, Philam Foundation ; Rafael Lopa, Executive Director, PBSP; Atty. Manuel Ortega , Member of the Board of Trustees, Philam Foundation. Photo by PBSP.
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The
now decade-old partnership between the largest corporate-led foundation and the
leading life insurance company in the Philippines
aims to support the education of less-fortunate children in the Basilan Island
Through
this project, the recipient students are provided with scholarships, books and
other materials to support them in their learning process.
The
ABC Project also facilitates to improve the scholars’ capacity for learning
through parent-teacher training, nutrition programs, and better school
facilities. Also, this corporate social initiative is known to keep the
students in classrooms instead of dropping out. Some of the examples why they
drop out of school could be attributed to poverty, poor health, and disruptions
in community life.
The
memorandum for the ABC Project, which was signed by Rafael Lopa, Executive
Director of PBSP and Max Ventura, Executive Director of Philam Foundation is
also looking at a new model for building classrooms that could eventually lower
construction cost compared to the Department of Education’s (DepEd) existing
example.
Initial
plans were to provide aid for the Basilan children’s primary education but
because the beneficiaries have performed very well in their academics, it was
decided that the project should be extended up to secondary education. Philam
and PBSP are open for prospective partnerships that will boost the financial
assistance given to the Basilan scholars for tertiary level education.
PBSP
is a non-profit organization, the country’s largest social development
foundation, with more than 230 member companies working together to promote
business sector involvement to reduce poverty in the country.
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About the Philippine Business for Social Progress (PBSP)
The
Philippine Business for Social Progress (PBSP) was founded in 1970 by 50
captains of industry who shared a common vision of reducing poverty through
various social development programs. Today, the PBSP has evolved into the
largest corporate-led social development foundation in the Philippines Asia
advancing initiatives and best practices of corporate social responsibility (CSR).
More
than 230 large, medium-scale and small business companies comprise the PBSP.
United in a common cause, PBSP members uplift the lives of Filipinos through
social development projects and green agendas. Since its founding in 1970, PBSP
has efficiently managed PhP 5.5 billion in grants. The United Nations (UN) has
tapped PBSP to encourage business sector support in meeting the challenges of
the Millennium Development Goals Program (MDG). PBSP also manages the
multi-billion Peso - Global Fund in support of the National TB program of the
Department of Health.
Leading
the way in the theory and practice of good corporate citizenship, PBSP has been
influencing the Filipino business community to integrate CSR into their core
businesses and advocating the strategy that collective engagements can lead to
more sustainable impact. PBSP’s Platforms for Collective Engagements (PlaCEs)
scales up individual initiatives through collective impact strategies focused
on four clusters: Health, Education, Environment, and Livelihood Development.