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Aboitiz Foundation Board approves P50M for 2009 projects
Thursday, March 12, 2009
The Aboitiz Foundation Board of Trustees has approved a P50-million budget for social development projects for 2009. The foundation will continue to focus its efforts on three major program areas, namely: education and skills development, primary health and childcare, and enterprise development.
Majority of the foundation’s projects involve education-related assistance, primarily classroom building, computerization and scholarships. The foundation believes that quality education plays a vital role in liberating future generations from poverty and promotes a life of hope, optimism and prosperity.
In the area of primary health and childcare, the foundation’s programs address the need to promote good health and well-being of communities that it serves. These include infrastructure building, financial support to street children, and medical missions organized by member companies’ in their areas of operation.
Under its enterprise development program, the foundation provides assistance to organized groups by helping them enhance and promote their own income-generating activities. It has opened opportunities for credit facilities through a financing program, which grants soft, unsecured loans tailored to the groups’ needs and capabilities.
Moving forward, the Aboitiz Group of Companies will continue to implement social development projects that create the greatest value for its beneficiaries.