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July 23, 2011: 
Annual General Membership Meeting;
Lacson Elected Chairman

The PNP Foundation Inc. held its Annual General Membership Meeting last July 23, 2011 at its offices at Greenhills, San Juan to review its performance for the past fiscal year 2010-11 and elect its 9-man Board of Trustees.

Elected for a fresh three-year term are Senator Panfilo M. Lacson, Ms Teresita Ang-See, noted anti-crime crusader and Chairperson of the Kaisa Para Sa Kaunlaran, Inc. and P/Dir. Victor G. Batac, the incumbent Executive Director of the Foundation.

Elected for a two year term are: Mr Omar T. Cruz, erstwhile National Treasurer and currently Executive Vice President and Chief Investment Officer of Philam Life, Mr Augusto D. Bengzon, Vice President and Treasurer of Ayala Land, Inc., and Mr Domingo H. Yap, Board Member and Vice President of the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII)

Slated to serve for one year are: Mr Rafael P. Dizon III,, a former National President of the Philippine Jaycees and the President of Magnificat Ventures Corporation, Mr Antonio P Gatmaitan, a respected political analyst and investment banker, and Mr Ramon L. Lim, President of the PNB Securities, Inc. After their term, next year, and every year thereafter, three members of the Board of Trustees would be elected for a term of three years.

During the organizational meeting of the Board of Trustees that immediately followed, the officers of the Foundation were designated by unanimous acclamation, namely: Chairman Senator Panfilo M. Lacson; Vice Chair Ms. Teresita Ang-See; President - Mr Rafael P. Dizon III; Treasurer - Mr Ramon L. Lim; Corporate Secretary - Mr Omar T. Cruz; and, Executive Director - P/Dir Victor G. Batac PNP (Ret.). The Chairs of the different committees were likewise named.

During the review of performance rendered for the past fiscal year, it was reported that the cash and cash equivalents of the Foundation, which comprise its corpus, amounted to a little over PhP 159.20 M. The bulk of the restricted fund of the Foundation amounting to One Hundred Fifty Million Pesos (PhP 150 M) is in long-term, fixed income, relatively high yield placements. Interest income for the year amounted to PhP 10.54M while other income and cash receipts, which include donations, sale of assets, etc. amounted to PhP 1.68M, thus total revenues was PhP 12.22M.

For the past fiscal year, the Foundation was able to allocate a total of PhP 9.61M worth of equipment and training facilities for the PNP, as follows:  

July 4, 2011

Training Center

IT Equipment/Furniture

Jully 4, 2011

PNP-SAF

Rope Course

July 4, 2011

Health Service

Hospital Equipment/Medical Supplies

July 4, 2011

DPCR

IT Equipment

July 4, 2011

PNP-PMO

IT Equipment

July 7, 2011

CIDG

IT Equipment

April 15, 2011

Crime Lab

IT and Lab Equipment

December 17, 2010

Crime Lab

IT and Lab Equipment

November 9, 2010

PNP

Rubber Boats

July 12, 2010

DPCR

DLP Projector