smfi2011ar

w w w . s m - f o u n d at i o n . o r g

SM FOUNDATION, INC. 2011 ANNUAL REPORT

A n n u a l R e p o rt 2 0 1 1

Creating Value at All Times

In just over five decades, SM as a company has grown from a mere shoe store to become one of the Philippines’ largest conglomerates. As a brand, SM has evolved into a household name earned in time by continuing to serve and deliver the best value products and services, to fulfill aspirations, and to provide a better life for its millions of customers. Behind such growth and wide recognition is the vision, the leadership, prudent use of resources, innovation and dedication of the men and women within the whole SM organization. Their focused intent creates value at all times in businesses that they know best to operate. Such value is backed by hard assets consisting of stores, malls, banks, homes, commercial buildings, and tourist destinations that bear the mark of product quality and service excellence. Behind such value too is the heart that cares for its customers, communities and its environment through SM Foundation to ensure sustainable growth and progress. Moving forward, expect greater value

to be created, because SM is determined to serve millions more.

SM FOUNDATION, INC. Creating Value at All Times

MEDICAL MISSIONSWELLNESS CENTERS

HEALTH ADVOCACY

• 644 Medical Missions • Served 505,190 Patients• 69 Felicidad Sy Wellness Centers and 8 Hospice Centers• 3 Heroes Ward-AFP Medical Center• Children’s Activity Center-Air Force General Hospital

LIVELIHOOD ADVOCACY

Kabalikat sa KabuhayanFarmers Training

Livelihood ProgramsEnvironmental Programs

MALL OUTREACH PROGRAM

• Php1.18 Million Worth of Medicines from Gamot Para sa Kapwa• 18 Mall Tours of Make-A-Child Happy for 8,866 Children• 197,515 Books from Donate-A-Book Project• 14,484 Families Served of Share your Extras

COLLEGE SCHOLARSHIPPUBLIC SCHOOL BUILDINGS

EDUCATION ADVOCACY

• 1,300 SM Scholar-Graduates• 1,068 College Scholars and 130 Tech-Voc Scholars • 41 School Buildings & Internet Connection in 9 Schools

V I S I O N . L E A D E R S H I P . I N N O V A T I O N . F O C U S . H A R D W O R K . I N T E G R I T Y . P R U D E N C E .

SM Foundat ion , I nc.SM Corporate Offices Building B

J.W. Diokno Boulevard, Mall of Asia ComplexCBP-1A, Pasay City, 1300 Philippines

Tel. No. (632) 831-8000 locals 1494-1499, 1483-1485Telefax No.: (632) 831-8282

Email: [email protected]: www.sm-foundation.org

• 37 Kabalikat sa Kabuhayan Farmers Training Program with 4,100 Graduates• 31,000 Trees Planted in Nasugbu, Batangas• Construction of 3 Day Care Centers and a Basketball Court• 141 Beneficiaries of Sustainable Animal Dispersal Program• 175 out of school youth trained in dressmaking, candle making, hair culture, and hospitality skills

Share your ExtrasDonate-A-Book

Gamot Para sa KapwaMake-A-Child Happy

S M F O U N D A T I O N , I N C . • A N N U A L R E P O R T 2 0 1 1

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Our VisionSM Foundation uses a holistic approach to respond to the social needs of the marginalized segments of society by serving more communities as SM builds more structures and businesses around the country.

Our MissionSM Foundation sees itself as a channel for its employees, customers, tenants, suppliers and service providers, media, local and national government units and government and non-government organizations, national and foreign agencies, civic organizations, corporate and private sectors to extend immediate and long-range assistance to deprived communities in areas served by the SM Group of Companies.


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Chairman’s MessageHenry Sy, Sr. conveys his thoughts and views on SM Foundation

WellnessCenters

In Focus:SM Scholars

Livelihood -Trends andExpectations

ExecutiveDirector’sReportDebbie Sy outlines andexplains SM Foundation’s 2011 accomplishments4

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TABLE OF CONTENTS


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OperationTulong Express

MallOutreachProgram

FACESSM Foundation’s Board of Trustees

21 SM Foundation’s Partner Schools

23 Graduates of Batch 2011

24 Current SM Scholars SY 2011-2012

35 Financial Statements

IBC Corporate Information

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TABLE OF CONTENTS


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FELICIDAD T. SYMember, Board of Trustees


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011 was a good year for the SM companies that support SM Foundation,

Inc. The continued growth and better-than-expected financial results

of these companies enabled SM Foundation to further advance its

three main advocacies – education, health and livelihood. Through

numerous civic programs and initiatives, SM Foundation aims to promote

knowledge, resources and self-empowerment to those with fewer means. In its primary advocacy, which is education, SM Foundation assists bright but

underprivileged students to gain access to a better future through college scholarships.

There is currently a total of 1,068 scholars nationwide for SY2011-2012 enjoying full tuition,

allowances and medical support. In addition, SM Foundation has been donating and

maintaining classrooms in public schools that lack the facilities for their growing student

population.

SM Foundation also provides health programs through medical missions in numerous

deprived communities. These missions offer free consultations, medicines and diagnostics

through its mobile clinic. SM Foundation also transforms run down facilities in public hospitals

or barangay centers into wellness centers for children, the elderly, or for hospice care.

SM Foundation also empowers farmers by providing them a more sustainable platform for

livelihood. Since a few years, free training to farmers on advance farming skills and techniques

have been offered to ensure better yields. There is also direct access to SM food retail stores

for their produce.

I thank all those in SM Foundation who work tirelessly to make the various programs

successful. I also thank our partners in education, health and livelihood programs, as well

as ad hoc projects in disaster assistance. I look forward to another fulfilling year for SM

Foundation in 2012.

MESSAGE TO STOCKHOLDERS

HENRY SY, SR.Chairman


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All these worthwhile accomplishments, as indicated by the robust numbers, were a result of the dedication and hard work of the selfless team behind SM Foundation, who have willingly sacrificed their time and effort to respond to the pressing needs of the less fortunate.


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am pleased to share with you that 2011 turned out to be another meaningful year for SM Foundation. We find our advocacies constantly growing and reaching out to more beneficiaries as we not only receive increasing support from SM and its group of companies, but also from other donor institutions and individuals who place their trust in SM Foundation to use their resources for

greater empowerment. It is fulfilling to be part of a group of individuals and an institution whose main role is to be a conduit of resources and an enabler of people’s dreams and aspirations. Our education advocacy, with its two-fold program of providing college scholarships and donating school buildings, sustained its efforts in empowering deserving but financially disadvantaged students while we also reach out to public schools in need of more classrooms. A clear proof of this empowerment is that college scholars under the auspices of SM Foundation strive for excellence in their chosen courses, with an increasing number graduating with Latin honors. Furthermore, many of the graduating scholars who take requisite government board examinations pass, with some of them landing in the top ten. In 2011, there were 1,068 SM Foundation college scholars enrolled in various four- or five-year courses in 81 colleges and universities nationwide. Of these, 125 successfully completed their bachelor degrees, with 54 graduates or 43%, attaining Latin honors. To date, 1,300 SM Foundation college scholars have graduated and are gainfully employed both here and abroad. There were also 76 technical-vocational (tech-voc) scholars who finished their studies, bringing the total number of graduates under the program to 124. As of school year 2011-2012, there are 130 tech-voc scholars supported by SM Foundation.. SM Foundation also donated six school buildings in 2011 to public schools in Pampanga, Metro Manila, Antipolo, Taguig, Bulacan, and Cavite. Combined, these school buildings provided 17 new classrooms. Three of the school buildings were constructed in partnership with Deutsche Bank and another German company, GfK Consulting. On behalf of SM Foundation, I would like to thank both companies for their generous support. SM Foundation’s health advocacy staged a total of 85 medical and dental missions in 2011, which directly served 77,865 beneficiaries with the help of volunteer medical and health professionals who are backed by SM Foundation’s mobile clinics. Twelve special medical missions under the Operation Tulong Express (OPTE) initiative were also held during the year in four flood and typhoon stricken areas namely, Davao, Bulacan, Pampanga, and Cagayan De Oro. From 2001 to 2011, our health advocacy has conducted 644 medical missions, benefitting 505,190 patients, who were all provided with free diagnoses, treatment, and medication. Last year, we also embarked on an innovative project by setting up a blood bank for SM employees, a first of its kind among the country’s large private corporations. The blood collected from SM employees is turned over to the Philippine Blood Center of the Department of Health, where it could be withdrawn by the employees and their families when the need arises.

As a result of these noteworthy projects, our foundation’s health advocacy garnered the Best in Health Special Award during the 2nd Management Association of the Philippines - Corporate Social Responsibility (MAP-CSR) Challenge awarding ceremony held last year. Our health advocacy also implements the Felicidad T. Sy Wellness Centers program, in which rundown public health centers are refurbished, making them more conducive to patients’ recovery and healing. In 2011, seven public health centers were thoroughly renovated, bringing to 69 the total number of centers that were repaired since the start of the project. SM Foundation’s livelihood advocacy, known as Kabalikat sa Kabuhayan, last year conducted farmer-training programs in eight provinces, servicing 162 barangays in 28 municipalities. The program teaches farmers the latest in agricultural technology to improve their productivity and upon graduation, are brought into the SM supply chain so that their produce are sold directly in SM retail stores. We trained some 1,000 farmers in 2011, for a total of 4,091 farmers who have already benefited from the project since it commenced in 2007. Going now to our foundation’s mall-based outreach program, I am happy to report that just as in previous years, its four quarterly projects were successfully carried out in 2011. Share Your Extras, which is implemented during the first quarter of the year, gathered from shoppers in all 41 SM malls nationwide 4,653 bags of assorted donated items, together with 28 donation-filled jumbo Balikbayan boxes from cargo forwarder LBC, and cash donations amounting to Php544,812.43. Bulk of the cash was given to Caritas Manila, while the donated items were distributed to 14,500 families composed of 37,758 individuals in 15 provinces, 13 municipalities, three cities, and 37 barangays. In the second quarter of 2011, the Donate-A-Book project collected 205,808 books that were donated to 348 day care centers, 463 elementary schools, 415 high schools, and 12 libraries. During the third quarter, the Gamot Para Sa Kapwa project worked closely with our health advocacy’s OPTE initiative, to bring relief to calamity stricken areas. In the fourth and last quarter of 2011, the Make A Child Happy - Share A Toy project was staged, with 10,533 underprivileged children becoming beneficiaries of the project. All these worthwhile accomplishments, as indicated by the robust numbers, were a result of the dedication and hard work of the selfless team behind SM Foundation, who have willingly sacrificed their time and effort to respond to the pressing needs of the less fortunate. Together with the substantial support of our partners from both the private and public sectors, they have enabled our foundation to further its reach and deliver its mandate to a wider circle of the underprivileged. On behalf of all of our beneficiaries, I sincerely thank all of you, our foundation’s trustees, executive directors, officers, staff, and valued partner institutions and individuals, for always extending a helping hand to those who need it most.

DEBBIE P. SYExecutive Director

EXECUTIVE DIRECTOR’S REPORT


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CARMEN LINDA M. ATAYDEExecutive Director, Education Programs

How would you describe the performance of SM Foundation’s education advocacy in 2011?

The performance of SM Foundation’s scholarship program is best reflected in the academic performance of the graduates. While it takes only a 2.5 grade to stay in the program, the batting average of graduates receiving Latin honors is 45% of the whole scholars’ batch. In addition, most of the board takers are passers on their first attempt, with some landing as topnotchers.

Before their graduation, the scholars receive job offers directly or thru SMFI, apparently a sign of their good reputation preceding them. Every year, HR departments of the SM Group organize a job offer event exclusively for SM Foundation graduates.

The college scholarship program has attracted 28 private individuals and companies to adopt 153 of our 1,068 scholars.

All of our technical-vocational (tech-voc) graduates in Punlaan are employed in hotels, restaurants and some in international cruise ships. Some pursue college education while holding a job. Our tech-voc graduates from Don Bosco, Makati are either self-employed or find outside employment.

The school building program’s performance is measured in terms of 17 classrooms contributed in 2011, bringing 100 classrooms to the public school system. The response from the stakeholders is equally positive. SMFI’s philosophy,

TRENDS & EXPECTATIONS

The demand for scholarships and classrooms will not stop nor diminish,

so the more parties we involve in the program, the more assistance that can

be extended.

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125 Graduates 52 Honor Students

1,031 Scholars

To D a t e

1,300 Graduates 344 Honor Students

1,068 Scholars


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“People Helping People” has been manifested in various ways. For example, a school building donation in Baguio encouraged the barangay officials to build a fence around the school’s perimeter. The contractor of our school building in Looc was so moved by the students’ lack of simple comforts that he donated a television set to the school. There are songs and poems written by students and teachers to express their gratitude to the donors.

A third school building partner is GfK Consulting, which co-funded with SM Prime Holdings, Inc. two two-storey four-classroom school buildings in Taguig and Antipolo. What were your most noteworthy achievements during the year?

In 2011, SMFI signed a MOA with the Kabayan Noli de Castro Foundation whereby the former agreed to manage the latter’s annual Search for Ten Outstanding Public School Students. The winners are chosen for their academic and leadership excellence and special circumstances surrounding their quest to finish high school. The major prize for each winner is a full college scholarship in SMFI’s partner schools nationwide.

We turned over six school buildings with 17 classrooms to schools in Pampanga, NCR, Antipolo, Taguig, Bulacan, and Cavite. Tell us about your college scholarship program.

The program remains a popular choice for scholarship opportunities. Through the years, it has brought hope to many applicants pursuing a brighter future. More scholars were accepted in 2011.

How about the scholars’ employment prospects? Do you extend any kind of assistance to the graduates in their search for jobs?

As early as their first year with the program, they are informed on what jobs are in store for them when they graduate. During their stay, they are trained to interact with the employees and customers of SM through their Christmas and summer jobs. The human resource (HR) departments of the SM Group hold an annual job offer exclusively for SM scholar graduates. This event is a culmination of earlier training and exposure to jobs in their chosen fields.

Do you monitor the progress of past graduates?

Occasionally, we track the whereabouts of our scholars. It is safe to say that most of them have landed in well paying jobs.

How many school buildings did you donate in 2011 and where were these located?

The school buildings donated in 2011 are located in NCR (under the AGAPP School building Program), Assumpta

Technical High School in San Simon, Pampanga, Dr. Artemio Natividad Elementary School in Taguig, Muntindilaw National High School in Antipolo, and San Manuel Elementary School in San Jose del Monte, Bulacan.

Who did you partner with last year for your school building project?

We continued our partnership with Deutsche Bank in building a one-storey, two-classroom school in San Manuel Elementary School in San Jose del Monte City, Bulacan. Another German-based company, GfK Consulting, partnered with us last year in two school building projects, namely the Dr. Artemio Natividad Elementary School in Taguig City and Muntindilaw National High School in Antipolo City.

Do you take into consideration climate change and other severe weather conditions in the design and construction of your school buildings?

We have a standard design for single-storey, two classroom; single storey, four-classroom; and two storey, four-classroom school buildings. These are built according to DepEd specifications and in conformity with the Building Code. Candidate sites are inspected as to ground condition and area allocation. Safety of site is also a prime consideration. Credit goes to our in-house engineering team, because our school buildings have proven to withstand calamities such as earthquakes, typhoons, and floods. In fact, these school buildings are used as evacuation centers during weather disturbances.

Moving forward, what enhancements, or improvements do you plan to implement in the next two to three years for the foundation’s education advocacy?

Education is a potent force against poverty, so the program must seek all means to accommodate more scholarship applications. We will endeavour to streamline operations so that more funds could be allotted for the program. We have seen the value of partnerships in both scholarship and school building programs. The demand for scholarships and classrooms will not stop nor diminish, so the more parties we involve in the program, the more assistance that can be extended. We will continue to search for more individuals, companies, and associations with which we may partner.

EDUCATION


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Jannen B. Barona5th year

Bachelor of Science in AccountancyUniversity of the East-Caloocan

Why did you decide to apply for the SM Foundation scholarship?

My family is not financially well-off and I’ve seen how they struggled to support the college education of my older brother. By then I knew that I had to find a way to have a stable means to support my studies so I tried to grab the opportunities that came my way, luckily, SM Foundation was one of them.

What benefits have you enjoyed as an SM scholar?

I belong to a class where almost all of us are scholars and among them, I consider myself the luckiest. For me, SM scholarship is by far, the most generous grant I know. The maintaining grade is reasonable and easy to sustain and the requirements are not as tedious as other programs. Well, I could say that the foremost benefit is pecuniary. When I qualify for the dean’s list, I get to have half of my tuition and fees. I use the money to help in some of our household expenses.

During summer, I work in the department store without having to undergo the usual application process. The work experience is invaluable as I get to have an idea of how things work in a real company setting and it instilled in me the value of discipline. But the most important benefit for me is the fact that I am able to lessen the financial burden of my parents.

What are your goals and dreams? Do you think that being an SM scholar will help you realize them? How?

I envision myself as a successful CPA and for the whole duration of my college years, SM Foundation has given me the means necessary to attain that.

What message would you like to share with prospective SM Foundation scholars?

An SM scholarship is a blessing that not all that who are eager to study is given. Every blessing that we receive must be taken care of. To fully reap the benefits, I followed a simple rule, “sacrificing instant pleasures for lifetime goals”. The grant is SM’s gift to us and what we do with it is our gift to SM.

Marc Rodolf B. Arca4th year

Bachelor of Science in AccountancyPamantasan ng Lungsod ng Maynila

Why did you decide to apply for the SM Foundation scholarship?

I decided to apply for the scholarship program because I knew at that time that my parents will find it hard to send my sister and I to college at the same time.

What benefits have you enjoyed as an SM scholar?

Basically, I enjoyed the opportunity to work during summer and Christmas vacations. It gave me the chance to earn extra money to support my finances. I also enjoyed the IMAX and Science Discovery Center treat. Above all, what I enjoyed the most is the P2000 monthly allowance.

What are your goals and dreams? Do you think that being an SM scholar will help you realize them? How?

My goal now is to be on the topnotch of the October 2012 CPA Board Examinations and also, to find a good job to support my family. Indeed, I know that being an SM Scholar would be of great help for me since it will serve as an asterisk in my resume. I mean, I know that employers will give additional consideration if you were an SM scholar.

What activities did you enjoy the most from the SM Foundation Scholarship Program?

I enjoyed joining the annual activities of SM Foundation especially the general Assembly and the Christmas Party which gave me the opportunity to meet and to get along with my co-scholars.

What are your immediate career plans? Would you consider working for the SM Group? Why?

First, I want to join an auditing firm to practice my profession. I also want to have my masteral degree so that I will be able to teach accountancy in universities.

Yes. I will consider joining the SM Group. The SM Group is well-known for its stability as a company. Job security and career growth opportunity are the two things which I think is most promising when you enter the SM group.

IN FOCUS: SM SCHOLARS


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Dr. Artemio Natividad Elementary School, Taguig2-storey building with 4 classroomsTurnover date: July 20, 2011Floor area: 408 sqm.

Muntindilaw National High School, Antipolo2-storey building with 4 classroomsTurnover date: July 20, 2011

San Manuel Elementary School, San Jose Del Monte, Bulacan1-storey building with 2 classroomsTurnover of building and books: September 12, 2011Floor area: 129.6 sqm.

Malinta Elementary School, Dasmariñas Cavite2-storey building with 4 classroomsTurnover date: December 13, 2011

San Manuel Elementary School, San Jose Del Monte, BulacanTurnover of 1,000 pieces of books

SCHOOL BUILDINGS

2011 6 School Buildings

1. Dr. Artemio Natividad Elementary School, Taguig City2. Muntindilaw National High School, Antipolo City3. San Manuel Elementary School, City of San Jose Del Monte, Bulacan4. Malinta Elementary School, Dasmariñas, Cavite5. AGAPP School Building, NCR6. Assumpta Technical High School, Pampanga

To Date 41 School Buildings 100 Classrooms


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San Manuel Elementary School, San Jose Del Monte, Bulacan

CONNIE S. ANGELESExecutive Director, Health and Medical Programs

I am happy to share that SM Foundation’s health and medical program received the

Best in Health Special Award during the 2nd Management Association of the Philippines - Corporate Social Responsibility (MAP-CSR)

Challenge awarding ceremony.

Did SM Foundation’s health advocacy achieve its goals in 2011? Yes, we achieved our goals during the year. We carried out our medical and dental missions and the renovation of public health centers into wellness centers. We also established a blood bank for SM employees from blood donations coming also from employees.

What were your best achievements last year? How were you able to attain such levels of success? I am happy to share that SM Foundation’s health and medical program received the Best in Health Special Award during the 2nd Management Association of the Philippines – Corporate Social Responsibility (MAP-CSR) Challenge awarding ceremony. The MAP-CSR Leadership Challenge aims to cast the spotlight on deserving organizations for their CSR policies, programs, and practices. The award was based on the manner that SM Foundation’s CSR activities become an integral part of how SM formulates its overall corporate strategy. We also established a blood bank for SM employees. The first in a series of bloodletting events was held in September 2011 at One E-Com Center where 200 SM employees each donated 450 ml of blood. SM is the first big private organization to establish a blood bank for employees. The collected blood is deposited with the Department of Health’s Philippine Blood Center, and is made available to employees and their family members any time needed, free of charge. But because of the volume of blood collected, the blood donations were also used for emergency needs of dengue patients in some government hospitals during the height of the disease outbreak.

SM was also the first big organization that answered the call of local government units for assistance to dengue patients through intravenous (IV) fluids, paracetamol, and vitamin donations, especially in Quezon City. These intravenous fluids were urgently needed as a lifeline for dengue patients during the outbreak. SM donated thousands of liters of different IV fluids to government hospitals, namely Quirino Memorial and Medical Center, Novaliches District Hospital, and the San Lazaro Hospital. These hospitals had the most number of dengue patients, with Quezon City as the local government unit with the most number of patients in the whole National Capital Region. The donations benefitted about 9,000 patients in these hospitals.

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85 Medical Missions

77,865 Beneficiaries

To D a t e

644 Medical Missions

505,190 Beneficiaries



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San Manuel Elementary School, San Jose Del Monte, Bulacan

During the height of disasters and calamities like the heavy floods that besieged our country, SM Foundation’s Health and Medical Programs conducted Operation Tulong Express (OPTE) medical missions. The Foundation provided vital medicines for infants, children, and adults, as well as multivitamins and topical creams for skin diseases. We also brought hydrogen peroxide, betadine, cotton, gauze pads, and micropore, which were used by the doctors in cleaning and treating various cuts and wounds sustained by the flood victims.

Here is a listing of our disaster assistance initiatives:

A. Davao (Typhoon Falcon) Date: July 2 and 3, 2011 Number of medical missions: 5 Total no. of patients served: 2,924 B. Bulacan and Pampanga (Typhoons Pedring and Quiel) Date: October 19, 20 & 21, 2011 Number of medical missions: 3 Total no. of patients served: 3,034 C. Cagayan de Oro (Typhoon Sendong) Date: December 21 & 22, 2011 Number of medical missions: 4 Total no. of patients served: 2,875 In all of these, the total number of beneficiaries served in the three OperationTulong Express in these provinces totalled 8,833.

What challenges, on the other hand, did you face and how were you able to surmount them?

SM Foundation has always risen above its challenges. More often, it is the challenge of inviting medical practitioners to become regular volunteers to add to the number of volunteers that have joined the foundation all these years.

To address this, we collaborated with the Philippine Medical Association, the various medical specialty associations, the Philippine Dental Association, as well as the local government units to provide us with doctors and dentists from their localities. The Armed Forces of the Philippines also sent their doctors, dentists, and nurses during our medical missions. The city and municipal health offices also provided us with their hardworking and efficient barangay health workers. Other volunteers also come from the local Department of Social Welfare and Development, and the Philippine Red Cross volunteers from the area.

We also have volunteers from the hospitals and health centers that we have adopted, where our Felicidad T. Sy Wellness Centers and Hospice Units are located. We must also not forget the war veterans who act as volunteers during our medical missions. Numerous pharmaceutical companies also sent volunteers for our medical missions.

How many medical missions did you hold in 2011 and where were they mostly located? We conducted 85 medical and dental missions, benefiting 77,865 individuals. To date, there have been 644 medical missions conducted since 2001, which have benefitted 505,190 patients.

The mission areas are as follows: 40 SM Malls, 1 Hypermarket, 29 communities, 14 Felicidad T. Sy Wellness Centers, 1 mission with a TV network for cultural minorities - GMA 7 Network and Kapwa Ko Mahal Ko.

We also collaborated with Watson’s Personal Care for its World Volunteerism Day, a global activity with its theme “Hand-in-Hand with Love”, where a medical mission benefited 1,697 Watson employees and their immediate family members.

Another medical mission for cultural minorities in coordination with GMA Network Corporate Affairs and Kapwa Ko Mahal Ko was mounted that benefited 204 Aetas and their families.

Which health conditions were most prevalent during your medical missions and what was your approach in treating them? Illnesses that were common were upper respiratory tract infections such as the common cough and colds, and urinary tract infections. Diabetes and hypertension were seen mostly in the elderly and the senior citizens.

How were you able to gather the needed resources, such as medical supplies and equipment, to successfully implement your medical missions? Our medicines and other medical supplies are included in our budget preparation for the year. We are also equipped with Mobile Clinics. But, as I mentioned earlier, we rely heavily on volunteers when it comes to the health experts for the mission. How many medical missions are scheduled this year? There are 75 medical missions that are scheduled this year.

Please tell us more about the other component of your health advocacy, which is the renovation of public health centers. When people talk of public health centers, what comes to mind are chaotic, people-heavy, with harried health workers inside, hot and muggy structures, where constantly wailing children and haggard, irritated people are waiting for their turn to be seen by health care workers.

On the other hand, when people speak of a Wellness Center, the first thing that comes to mind is a spa, a quiet place, and with therapists in uniforms – all aimed at eliminating stress in a wholesome, comfortable manner. Our adopted public health centers, better known as the Felicidad T. Sy Wellness Centers, are multi-centers that offer the same comforts, but in a different way. These multi-centers exclusively care for children and the elderly population. These are actual village health centers or government hospital wards adopted by the SM Foundation. The wonderful thing about these multi-centers is that they have transformed into meeting places for recreation, socialization, education, information, and livelihood activities as well.

What would you consider as the most unique or innovative feature of this component? One unique feature of this component is seen at the Felicidad T. Sy Hospice and Palliative Care Center for Children located at the Lung Center of the Philippines, which was inaugurated last November 29, 2011. This is unique as this is the first and only government-initiated paediatric hospice and palliative center in the country. The hospice provides a “home” to alleviate the pain of families, not just the cancer-stricken children, while coping for the eventual loss of their loved ones The Lung Center of the Philippines provides the venue and the medical personnel, while SM Foundation takes care of the structure with regular maintenance and upkeep; the Philippine Cancer Society takes care of the Hospice Program and medicines. In-patients as well as out-patients coming for their chemotherapy are provided with a venue where these children would not be afraid of their sessions, injections and other treatment modalities; here, they play, read, and engage in writing and drawing activities while undergoing treatment.

This Felicidad T. Sy Hospice and Palliative Center also serves as a government referral and sentinel site for children with cancer.

For 2012, how many health centers do you intend to renovate? We are looking at two areas to include in our renovation, one in General Santos City, and another in Taytay, Rizal.

What are your overall plans for SM Foundation’s medical advocacy in the coming two to three years?

The health and medical programs of SM Foundation would like to live up to its CSR program of “People Helping People”. As mentioned in part during its recognition in the MAP-CSR Best in Health Awards, a meaningful and true CSR program is not an ad-hoc or one-off project that is largely dependent on a company’s desire and ability to support it. Rather, it is embedded in the company’s thinking and operations, and is rooted in its overall strategy and driven by its business goals.

Our programs are truly manifestations of our vision and our core values. Experts and stakeholders say that only a few have come close to integrating CSR into their core business, while many others express their CSR through programs. For us in the SM Foundation, we shall gear up for activities for the next two to three years for true and meaningful programs that would make us leaders and innovators in that field of enadeavor, worthy of being emulated by others.

HEALTH


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Los Baños Health CenterFelicidad T. Sy Wellness Center for Children

Lung Center of the PhilippinesPediatric Hospice and Palliative Care Center

Naval Special Operations Group Clinic

Pag-Asa Health Center, OlongapoSM Multi Center/Health Center

AFP Medical Center, Heroes Ward 3BV. Luna, Quezon City

Naval Special Operations Group ClinicRenovated and Refurbished by SM Foundation

Pag-Asa Health Center, OlongapoSM Multi Center/Health Center

UP Health Service Outpatient DepartmentFelicidad T. Sy Wellness Center for Children

Tarlac Provincial HospitalTarlac City

2011 7 Wellness Centers

1. AFP General Hospital, Q. C.2. UP Health Center, Diliman, Q. C.3. Los Baños Health Center, Laguna4. Bgy. Pag-Asa, Olongapo City5. Lung Center of the Philippines, Q. C.6. Tarlac Provinical Hospital, Tarlac City

To Date 69 Wellness Centers

WELLNESS CENTERS


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CRISTIE S. ANGELESAssistant Vice President For Livelihood And Outreach Program, SM Foundation, Inc.

Our main goal is to provide modern technological and skills development training

to the marginalized sector of the community. We are assisting them in creating more

sustainable livelihood opportunities and market linkages so that they can become

self-sufficient individuals.

What were your primary objectives for SM Foundation’s livelihood programs in 2012? How were you able to achieve them?

The primary objective is to provide marginalized farmers with updated agricultural farm technology on high value crops so that they can produce a bountiful harvest even on limited space. The project aims to enhance the profitability of the farmers so that they are able to provide more food on their tables. We also hope that our farmers will be part of the supply chain for fresh fruits and vegetables in their localities and in SM.

We are able to achieve our objectives through the help of Harbest Agribusiness Corporation, the Department of Agriculture, the Local Government Units (LGUs), SM Supermarket, Save More, SM Hypermarket and SM Supermalls.

To ensure the sustainability of the program, Harbest conducts post-program monitoring of our graduates’ progress and continuously provide them with technical support while the LGUs provide some farm inputs. SM Food Retail, on the other hand, connects our farmers to their suppliers so that many of the graduates in our program are now part of the SM supply chain. Meanwhile, other LGUs opened wet market stalls for our graduates. Others formed groups and opened fruits and vegetables stalls in roadside centers to better serve their communities.

How many Kabalikat sa Kabuhayan (KSK) farmers training programs were conducted and in which areas were these held?

Last year, there were eight KSK Farmers Training programs held in Tarlac City; Leon, Iloilo; Nasugbu, Batangas; Atok, Benguet; Naga City; San Pablo, Laguna; Marilao, Bulacan; and, Consolacion, Cebu, servicing 27 cities and municipalities.

2 0 1 1

11 Farmers Trainings

1,000 Graduates

To D a t e

37 Farmers Trainings

4,091 Graduates



16

How many farmers graduated from the program in 2011, and how many farmers have graduated to date? For 2011, 1,000 farmers availed of the program. To date, we have 4, 176 farmer graduates all over the country.

What kind of assistance or support is given by SM Foundation to its graduates in KSK?

SM provides the farmer graduates with market linkages through our supermarkets and hotel groups.

Please tell us more about SM Foundation’s livelihood program in Nasugbu, Batangas? What were your main objectives for this program?

Our main goal is to provide modern technological and skills development trainings to the marginalized sector of the community. We are assisting them in creating more sustainable livelihood opportunities and market linkages so that they can become self-sufficient individuals. Parallel to this is our desire to advocate the importance of caring for the environment. Apart from livelihood programs, SM Foundation conducts medical missions to address the medical needs of the residents in these communities. Two years ago, SM Foundation also donated classrooms to their public schools.

How many families benefitted from this livelihood program? A total of 618 families from barangays Calayo, Looc, Papaya and Bulihan benefitted from this program.

What challenges did you face in 2011 and how did you overcome them? The challenge is how to build up the community’s self-esteem and to make them understand that they can thrive on their own by using the available resources in their area without harming the environment through the new skills they have learned. All they need now is to believe that through hard work, perseverance and unity in action, they can improve their conditions in life.

We slowly made them understand that SM Foundation and our partners can only help them up to a certain extent. We are very firm in implementing our project’s rules and regulations. We are sympathetic to them, but we still try to instill discipline. We are glad that somehow we are empowering the communities.

Were there new projects that you implemented during the year?

We have opened our very first SM Foundation Skills and Livelihood Center in Nasugbu, Batangas and provided the following skills training programs:

a. Hospitality Training – We successfully trained two batches of 30-students each who all passed the TESDA NC-I and NC-II tests. The success of this program can be attributed to the hotel preparatory course of the Department of Education’s Alternative Learning System (DepEd-ALS), the 30-day on-the-job technical and hands on training at Taal Vista Hotel

as well as the values formation and character building trainings conducted by SM Foundation and our volunteers. We are pleased to report that 87% of the graduates are now gainfully employed at Pico Sands Hotel, Pico de Loro Beach and Country Club, and Taal Vista Hotel while the remaining 13% are now working in Cavite and Laguna.

b. Dressmaking with DepEd-ALS – 23 participants.

c. Candle making with DOST- 15 participants.

d. Isang Gunting, Isang Kulot with Fil-Hair Coop – 75 participants.

e. Pitchon and Ham – Sausage Making for hog beneficiaries.

In addition, the Bulihan and Looc Day Care Centers were constructed in 2011. We have also planted 20,000 mangroves in barangays Papaya and Calayo.

Who are SM Foundation’s partners and how were they able to contribute in achieving your objectives?

We are closely working with the Provincial and Municipal Agriculture Offices, the Department of Science and Technology (DOST), Technical Education and Skills Development Administration (TESDA), the Department of Trade and Industry (DTI) and Taal Vista Hotel for technical support. Costa Del Hamilo, Inc., Manila South Coast Development, Pico de Loro Beach and Country Club and Hotel Sands provide some logistical support and employment. We are also tied up with UP-Pahinungod for oral health care for 209 pupils from Kindergarten to Grade 1. Mother and child teamwork will play a vital role in ensuring healthy teeth and gums for their kids.

What are your plans for 2012?

We will continue our animal dispersals. For hog raising, the first SM Foundation beneficiaries are now sharing their piglets to other beneficiaries. We will also continue to raise free range chicken and see how far our carabao program will go. Furthermore, we will continue to provide specialized hotel skills trainings, introduce basketry and bamboo crafts, mushroom culture, food processing and update vegetable and farming technology. Lastly, we will be providing more specialized trainings based on the needs and capabilities of the community in meeting the growing demand for more skilled workers here and abroad.

LIVELIHOOD


17

Donate-A-Book SM City Naga

Make-A-Child HappyHagonoy, Bulacan

Make-A-Child HappySan Simon, Pampanga

Share Your ExtrasArchdiocese of Urdaneta, Pangasinan

Share Your ExtrasCagayan De Oro

Donate-A-BookCalamba, Laguna

Make-A-Child HappySM Megamall

Share Your ExtrasBenguet

Share Your ExtrasCagayan De Oro

2011Donate-A- Book

183,485 Books Donated 1,238 Beneficiaries

Share-A-Toy 10,600 Toys 10,533 Beneficiaries

Share your Extras 14,500 Donation Packs 37,758 Beneficiaries



18

Davao City

Malanday, Marikina

Pampanga

Barangay Bara, Cagayan De Oro

Barangay Macasandig Evacuation Center, Cagayan De Oro

Tumana, Marikina

SM Supermarket, Cagayan De Oro

Tubod Elementary School, Iligan

Barangay Kauswagan, Cagayan De Oro

20116 Operation Tulong Express 11 Beneficiaries (Municipalities)

OPERATION TULONG EXPRESS : TYPHOONS FALCON, SENDONG, PEDRING AND QUIEL


19

FACESHENRY SY, SR.Chairman

FELICIDAD T. SYMember

TERESITA SY-COSONMember

BOARD OF TRUSTEES


20

CARMEN LINDA M. ATAYDEMember

CONNIE S. ANGELESMember

LYDIA B. ECHAUZMember

PAULINO Y. TANMember

EXECUTIVE OFFICERS

DEBBIE P. SY Executive Director

CARMEN LINDA M. ATAYDE Executive Director Education Programs

CONNIE S. ANGELES Executive Director Health and Medical Programs

21


METRO MANILA1 Adamson University (AU)2 Asia Pacific College (APC)3 Centro Escolar University (CEU)4 Far Eastern University (FEU)5 Feu- East Asia College6 Jose Rizal University (JRU)7 National University (NU)8 Pamantasan ng Lungsod ng Maynila (PLM)9 Pamantasan ng Lungsod ng Marikina (PLMAR)10 Philippine Normal University (PNU)11 Philippine School of Business Administration (PSBA Manila)12 Philippine School of Business Administration (PSBA Quezon City)13 Quezon City Polytechnic University of the Phils. (QCPU)14 University of the East- Caloocan (UE- Caloocan)15 University of the East- Manila (UE- Manila)16 University of the Phils. Diliman (UP-Diliman)17 University of the Phils. Manila (UP-Manila)18 University of Makati (UMAK)

LUZON19 St. Louis University (SLU)20 University of the Phils. Baguio (UP Baguio)21 University of the Cordilleras (UC)

PANGASINAN22 Lyceum Northern Luzon23 Lyceum Northwestern College24 Lyceum Northwestern University25 Pangasinan State University

TARLAC26 Tarlac State University

PAMPANGA27 Angeles University Foundation28 Holy Angel University29 University Of The Assumption

BULACAN30 Baliuag University31 Bulacan State University32 Meycauayan College

STA. ROSA & CALAMBA33 La Consolacion College, Biñan34 Laguna College of Business & Arts35 St. Michael’s College of Laguna36 University of the Phils. Los Baños37 University of Perpetual Help, Biñan38 University of Perpetual Help, Calamba

CAVITE39 Cavite State University40 De La Salle University- Dasmariñas41 National College of Science & Technology42 San Sebastian College of Recoletos- Cavite43 Rogationist College

BATANGAS44 Batangas State University (Main)45 Batangas State University (Nasugbu)46 University of Batangas

LIPA47 Batangas State University, Lipa48 De La Salle Lipa49 Lipa City Colleges50 First Asia Institute of Technology & Humanities (FAITH)

LUCENA51 Manuel S. Enverga University Foundation (MSEUF) 52 Southern Luzon State University (SLSU)

NAGA53 Ateneo De Naga University (ADNU)54 Naga College Foundation (NCF)55 University of Nueva Caceres, Naga (UNC)56 Universidad De Sta. Isabel (USI)

VISAYAS & MINDANAOCEBU57 Cebu Institute of Technology (CIT)58 Cebu Normal University (CNU)59 University of Cebu (Main, Banilad, Lapu-lapu & Mandaue)60 University of San Carlos (USC)61 UP Visayas (Cebu College- Lahug)62 University of San Jose Recoletos (USJR)

ILOILO63 Central Philippine University (CPU)64 University of the Phils. Visayas (UP Visayas)65 University of San Agustin (USA)66 West Visayas State University (WVSU)

BACOLOD67 Colegio De San Agustin68 Technology University of the Phils. Visayas69 University of St. La Salle (USLS)70 University of Negros Occidental Recoletos (UNO-R)

DAVAO71 Ateneo De Davao Univeristy (ADDU)72 University of Mindanao (UM)73 University of the Phils. Mindanao (UP Mindanao)74 University of Southeastern Phils. (USEP)75 University of Immaculate Concepcion (UIC)

CAGAYAN DE ORO76 Cagayan Capitol College77 Liceo De Cagayan78 Xavier University79 Mindanao University of Science & Technology

GENSAN80 Mindanao State University81 Notre Dame of Dadiangas University

EDUCATION PARTNER SCHOOLS

22


Donor

1 SM Investments Corporation2 SM Prime Holdings Inc3 SM Development Corp4 Supervalue Inc5 Super Shopping Market Inc6 First Asia Realty Development Corp7 SM Departments Stores

Schoolbuilding Partners

8 SM Prime Holdings Inc9 Deutsche Bank/ Partners

10 GfK Asia Pte Ltd 11 BDO Foundation Inc

My Scholar Partners

12 8990 Commercial Management Corporation13 PACRED Service and Investment Corporation14 Probags Industries15 Louis Coson Friendship Cup16 DMD Collection17 David’s Salon Inc.18 MC Casas19 New York Home Fashions Inc. 20 UYB Printing Corporation21 Fog Horn Inc.22 Watsons Personal Care Stores Phils Inc23 Anchor Land Holdings Inc.24 Buckwise Trading Corporation25 Unique Handicraft26 LCJ Garments27 Sandoz Philippines Corporation

Operation Tulong Express Donors

28 Executives of SM Group of Companies29 Star Appliance Center, Inc.30 Willore Pharma Corporation

Others

31 Seaoil Philippines Inc32 Patrick Pesengco

DONOR INSTITUTIONS

23


NAME SCHOOL COURSESumma CumLaudeDitchella, Jay-Ann S. University of Negros Occidental

RecoletosBSA

Hernandez, John Andreau V. University of the Philippines Diliman BSCS

Magna CumLaudeBueza, Michael Joseph C. Asia Pacific College BSCSIT CNEDulay, Azenith Evangeline G. Far Eastern University BSAGamboa, Raymond P. Holy Angel University BSAHilario, Calvin Artemies G. University of the Philippines Diliman BSECERugayan, Paula Rizza F. FEU-East Asia College BSCSSantos, Patrick J. Far Eastern University BSASo, Louise Genevieve B. Asia Pacific College BSECESudaria, Jeirra May G. University of San Carlos BSATaliptip, Angelus L. Holy Angel University BSATorres, Ariane M. University of Negros Occidental

RecoletosBSIT

CumLaudeAclag, Annalyn L. De La Salle University- Lipa BSABagongon, Jeremias B. Xavier Univiversity BSABalatero, Amerey Q. Asia Pacific College BSABisa, Honeywell O. Asia Pacific College BSCSIT CNECabesuelas, John Arian A. Manuel S. Enverga University

FoundationBSA

Canoy, Lajela C. University of San Carlos BSACastillo, Jovelio Jr. D. University of Negros Occidental

RecoletosBSA

Ceniza, Lorraine C. Asia Pacific College BSCSIT CNEChag-Usen, Andrew T. Saint Louis University BSAChavez, Fredo P. Saint Louis University BSECECura, Joshua M. Asia Pacific College BSCOEDaigdigan, Mellicent U. University of Southeastern

PhilippinesBSED

Domingo, Carmicael G. University of San Carlos BSCOEEscol, Neezil V. Far Eastern University BSAGarcia, Joan B. FEU-East Asia College BSECEJoaquin, Rowie Rustan Pamantasan ng Lungsod ng Maynila BS ECELerum, Maria Andrea A. Asia Pacific College BSCSIT CNEManalili, Larissa G. Angeles University Foundation BSED BioMangahas, Prince Andrew C. Angeles University Foundation BSED MathMarcelo, Jana Inah Zipporra R. Asia Pacific College BSAMarcelo, Kevin Chris F. University of the Philippines Diliman BSCSMatuguinas, Maria Ruby P. Asia Pacific College BSAMission, Dave Austeinn M. Far Eastern University BSC INTERNAL

AUDITNido, Krista B. Philippine Normal University BEEDPadillon, Bella Luz L. University of the Cordilleras BS ITPerez, Gerald Allan T. University of the Philippines Diliman BSBAAPerez, Ronnel R. Asia Pacific College BSCSIT SSEPullon, Darren Anthony T. Asia Pacific College BSARellorosa, Ferdinand L. Manuel S. Enverga University

FoundationBSE English

Salita, Chriz Lennin D. University of the Assumption BEEDSedaria, Hezron James F. Manuel S. Enverga University

FoundationBSE English

Selmo, Mart Angelo C. Saint Louis University BSECESurabilla, Katrina Marie C. University of San Carlos BSATadeo, Maria Gemma S. Far Eastern University BSC INTERNAL

AUDITTulop, Ma. Andrea G. FEU-East Asia College BSIT

Academic DistinctionDenosta, Michael Steven C. University of Saint La Salle- Bacolod COMALeonardo, Jolet A. Asia Pacific College BSECEMersado, Melchor Kenneth D. Asia Pacific College BSCSIT CNERendon, Gerardo III P. Asia Pacific College BSECEValencia, Rey Manuel A. De La Salle University- Lipa BSECE

Abrenica, Graniel Harne A. University of the Philippines Diliman BS ChemistryAclan, Alegria G. University of the Philippines Diliman BSCSAmador, Rose C. University of the Cordilleras BSED EnglishAmaro, Mary Ann M. University of the East Caloocan BSAAntonio, Dexter Keith B. National University BSCSAnzaldo, Avie Rose D. Centro Escolar University BSPMAsuncion, Michelle M. Centro Escolar University BSPM

NAME SCHOOL COURSEBacaycay, Danzel U. Asia Pacific College BSABautista, Camille Joy C. University of the East Caloocan BSABuan, Joanne Marie S. Saint Louis University BSMACabrera, Divine Grace M. University of the Philippines

Visayas- IloiloBSA

Cacayan, Jan Raphael D. Ateneo De Davao University BSECECamu, Bridgette Hannah V. University of the East Caloocan BSACañega, Ma. Cristina A. University of the East Manila BSMACariño, Agnes H. University of the East Caloocan BSACuajao, Julius King Asia Pacific College BSECEDandoy, Rose Anne I. University of the Philippines Diliman BS MathDavid Narz, Marbeth University of the Philippines Diliman ECEDavid, Katherine D. Holy Angel University BSADe Torres, Ivan Albert C. Centro Escolar University BSPMDecena, Bryner L. Technological University of the

Philippines- VisayasBSECE

Dela Cruz, Jorge Paul G. Technological University of the Philippines- Visayas

BSECE

Diaz, Charlotte M. Colegio de San Agustin BSCOEDioneda, Aia Micah P. Pamantasan ng Lungsod ng Maynila BSADulfo, April B. Pamantasan ng Lungsod ng Maynila BSAEspinosa, Adriane Paul G. Pamantasan ng Lungsod ng Maynila BSAEstrope, Joyce Anne G. San Sebastian College Recoletos BSECEEugenio, Mathew Angelo M. University of the Philippines Baguio BS MathFlores, Dolores C. Angeles University Foundation BSMAGallos, Jamil M. Pamantasan ng Lungsod ng Maynila BSAGarces, Rubina Jane G. University of the Philippines

Visayas- IloiloBSMA

Gime, Eumar J. University of the East Manila BSAHembrador, Emir T. Far Eastern University BSAHimar, Jyka Lei J. Central Philippine University BSMAInderio, Diana C. Pamantasan ng Lungsod ng Maynila BSAKing, Jennelyn L. University of the Philippines

Visayas- IloiloBSA

Limin, Sheree Joyce B. Angeles University Foundation BSALlausas, Yves Clent O. Xavier University BSECELobo, Mark Anthony B. Holy Angel University BSECELomiwes, William L. Saint Louis University BSALopez, Jessica Victoria E. Adamson University BSECELo, Moon Ray G. University of San Carlos BSCOEMagsayo, Keith John Reymart G. Xavier University BSECEMallari Jr., Arturo M. University of the East Caloocan BSACASMambaje, R-Jay S. Angeles University Foundation BSAManalo, Clarice M. University of the Philippines

Los BañosBS Math

Manayan, Diana Joyce Marie L. Ateneo De Davao University BSCOEMarasigan, Marche Jayzel I. Batangas State University BS Mgt. Acctng.Mendoza, Rizza M. De La Salle University- Dasmariñas BSITMercado, Precious Marie H. Angeles University Foundation BSED BioMira, Mark Lester S. Asia Pacific College BSAMogarte, Clarence Xantippe R. FEU-East Asia College BSECEMoreno, Catherine P. Pamantasan ng Lungsod ng Maynila BSAMoreno, Jenessa T. Xavier University BSANaragdag, Maria Teresa F. University of the Philippines

Visayas- IloiloBS Bio

Nicodemus, Cervantes E. FEU-East Asia College BSECEObguia, Maricor Grace R. University of San Carlos BS MAOcasla, Mary Jane E. Far Eastern University BSAPeralta, Ruby Anne G. University of the East Manila BSAPocdolacion, Katrina B. University of the East Manila BSMAPunongbayan, Phillip M. Bulacacn State University BSECERaymundo, Josiah O. FEU-East Asia College BSECERolona, Angeli Joyce A. Ateneo De Davao University BEEDSalabi, Jackie Lou C. Holy Angel University BSASantiago, Charmane C. University of the Philippines Diliman BSCSSebache, Jose Irvin P. University of San Carlos BSCOESevilla, Lyonyl Paul Q. University of Negros Occidental

RecoletosBSECE

Sibal, Stefanie Mary S. Pamantasan ng Lungsod ng Maynila BSASocias, Christine Joy T. Central Philippine University BSMASuson April Joy D. Technological University of the

Philippines- VisayasBSECE

Tan, Ivy Dianne M. Angeles University Foundation BSMATribaco, Jonah Marie T. University of Negros Occidental

RecoletosBSECE

Zabanal, Mary Ann B. University of the Philippines Diliman BSECE

GRADUATES BATCH 2011

24


CURRENT SM SCHOLARS SY 2011-2012

NAME SCHOOL COURSE YEAR ACCEPTED

Abad, Jane Paula Angeles University Foundation BSMA 2011Abad, Johmark L. Mindanao State University BSA 2011Abalos, Karina May B. University of the East Caloocan BSA 2010Abanador, Rhea Rose M. Batangas State University BSED Math 2009Abanes, Domingo V. Baliuag University BS EE 2009Abanilla, Bryan B. Meycauayan College BSA 2008Abantas, Mohammad Salic E. Xavier University BSA 2010Abapo, Theresa Mariz I. University of San Jose Recoletos BSA 2008Abello, Janina Mikaella R. National University BSA 2011Abenis, Irish M. Rogationist College BSA 2010Abias, Marck Christopher M. Ateneo De Naga University BSCOE 2008Abinsay, Mark Angelo B. University of Perpetual Help Biñan BSED English 2010Ablao, Ezekiel M. National University BS CE 2011Abrico, John Floyd D. University of Negros Occidental Recoletos BS ECE 2010Abulencia, Miecah Far Eastern University BSA 2009Acantilado, Rafael John G. Southern Luzon State University BSED ENGLISH 2011Acebedo, Ace Camille L. University of the Philippines Diliman BSBA 2008Acorda, April S. University of the Philippines Diliman BEED 2007Acosta, Christian B. National University BS CE 2009Acosta, Mylene P. University of Negros Occidental Recoletos BS ECE 2010Adriano, Rose Anne Marie S. Pamantasan ng Lungsod ng Maynila BSA 2008Afundar, Kristel Carol M. Philippine Normal University GEN ED 2009Agawin, Mark Harold S. University of Perpetual Help Rizal BS ECE 2010Agbay, Joseph Micah L. Asia Pacific College BS CPE 2011Agda, Rhie Angelique P. Bulacan State University BS ECE 2009Aguaras, Kirby V. Central Philippine University BSA 2009Agucay, Shien A. Asia Pacific College BSA 2009Aguilar, Denessa Marie M. Philippine Normal University GENERAL EDUCATION 2011Aguilar, Heike G. Pamantasan ng Lungsod ng Maynila BSA 2009Aguila, Darlene Mae E. Southern Luzon State University BSED 2011Aguinaldo, Cindy C. National University BSC Finance 2009Agura, Shane Marie A. Philippine Normal University GEN ED 2010Alagar, Andy G. Rogationist College BSA 2009Alair, Aileen R. Polytechnic University of the Philippines BSA 2010Alajero, Renelyn P. West Visayas State University BSE BIOLOGY 2011Alajid, Hannie Mae C. Cebu Institute of Technology BS CPE 2011Alao, Ricardo Jr. T. National University BSC Banking & Finance 2008Alastoy, Desiree B. University of the Philippines Diliman BSBAA 2007Alcala, Amier C. National University BS CE 2010Alcaraz, Arvee Mae Y. Pamantasan ng Lungsod ng Maynila BS Math 2010Alcaraz, Jexzzel Rose B. University of the East Manila BSA 2009Alcaraz, Lara Melisa B. First Asia Institute of Technology and Humanities BSA 2010Alcazar, Jae Erica P. Rogationist College BSA 2011Alca, Michael Lawrence G. Pamantasan ng Lungsod ng Maynila BSA 2011Alcoba, Marielle Jeal T. University of San Carlos BSA 2008Alcober, Ma. Kristine L. National University BSC Finance 2009Alcozer, Mark Joseph O. Unievrsity of the Cordilleras BSA 2009Aligan, Abigail R. Asia Pacific College BSCSIT SSE 2011Alilang, Nasip A. University of Immaculate Concepcion BS FA 2009Almazan, Cherrelyne V. Saint Louis University BSA 2011Almirol, Kristine Josephine H. Pamantasan ng Lungsod ng Maynila BS ECE 2007Alusitain, Idol R. University of the East Caloocan BSA 2011Alvarado, Anthony O. National University BSC Finance 2009Alvarez, Joanne B. (Laguna) Asia Pacific College BSA 2007Ambas, John Roben M. Philippine Normal University BSE English 2008Amigo, John Paul P. University of the East Manila BSA 2011Anahaw, Xenia Veda M. Cavite State University BS ECE 2007Anastacio, Princess A. National University BSIT 2009Andres, Honey Lyn C. Philippine Normal University GEN ED 2010Andulan, John Jayson B. Rogationist College BS COE 2011Angeles, Jessica Mae A. Cavite State University BS ECE 2007Angeles, Julie Ann V. Philippine Normal University BSE Chemistry 2008Angeles, Marjorie Q. Philippine School of Business and Administration BSA 2010Angelitud, Dame E. National University BSCS 2009Antolin, Jennifer T. National University BSCSIT CNE 2009Antonio, Christian Joseph B. University of the East Caloocan BSA 2010Antonio, Dexter Keith B. National University BSCS 2010Antonio, Lieza M. University of the East Manila BSA 2009Anyayahan, Khristine Mae D. Centro Escolar University BS Pharmacy 2010Anzaldo, Avie Rose D. Centro Escolar University BS Pharmacy 2010Aoshima, Maryonette S. University of the East Manila BSA 2011Apilado, Rubylyn M. Rogationist College BS COE 2011Apostol, Hector M. Tarlac State University BEED 2010Aquilam, Marian Grazelle P. Notre Dame of Dadiangas University BSA 2011Aquino, Angenica Louise H. National College of Science and Technology BSA 2009Aquino, Danilyn Joy O. National University BS ECE 2009Aquino, Gabriel Timothy M. FEU East Asia College BS ECE 2010Aquino, Michelle M. National University BSC Finance 2009Aracap, Mayrian I. University of San Carlos BSA 2007Arag, John Paul P. University of the East Caloocan BSA 2009Aratan, Jeri Mae R. Asia Pacific College BSA 2007Araullo, Dee-Jay T. National University BSED English 2010Arcamo, Jonaz R. Southern Luzon State University BS ECE 2007Arca, Marc Rodolf B. Pamantasan ng Lungsod ng Maynila BSA 2008Arce, Christopher B. University of Nueva Caceres BS CE 2010Arellano, Heizyl D. First Asia Institute of Technology and Humanities BSA 2010Ariño, Vivian S. Pamantasan ng Lungsod ng Maynila BSA 2009Armada, Hector T. Far Eastern University BSA 2007Arnaldo, Jonell D. University of the East Manila BSA 2011Arquero, Kenneth M. Far Eastern University BSA 2007Arwino, Querubin C. National University BSC Finance 2009Asil, Danica Junielle A. University of the Philippines Baguio BS CS 2011Asiñero, Joel L. Mindanao University of Science & Technology BS ME 2011Ason, Louise Michelline Gille R. Ateneo De Naga University BS CE 2009Asuncion, Joana Marie N. University of the East Caloocan BSMA 2009

25




Ates, Blessel Marie G. Ateneo De Davao University BSA 2009Avergonzado, Jerrymias G. National University BS CE 2009Avila, Maurice Maureen S. University of Perpetual Help Biñan BSA 2010Avila, Mia Calleen L. University of San Carlos BSMA 2008Ayala, Anabelle Philippine Normal University GEN ED 2009Ayeras, Jayvee B. FEU- East Asia College BS ECE 2011Azares, Mikkaella B. National University BSC Finance 2011Azucena, Jonises National University BSCS 2009Badival, Caster Jovanhoe T. University of the Cordilleras BSED 2010Baello, Hazelyn D. University of the East Manila BS ACT 2009Baes, Rosa Rei J. Asia Pacific College BSCSIT SSE 2008Bagtas, Maricar D. FEU- East Asia College BS ECE 2011Bague, Charlene T. Laguna College of Business and Accountancy BSED English 2011Baguino, Karl Jerome F. FEU- East Asia College BSCS 2008Bahian, Jhala Grace Xavier University BSA 2009Bajarla, Cherry May O. Xavier University BSA 2011Baja, Mark Joseph E. National University BSA 2009Balansay, Ma. Dolly Ann F. University of the East Caloocan BSA 2010Balan, Bhellmari A. National University BS ECE 2008Balboa, Rachel H. Jose Rizal University BSA 2009Balcita, Aira Janne T. National University BSC Management 2010Baldiviano, Shienna Dianne V. Pangasinan State University BS CE 2011Balloñ, Jerhico J. Pamantasan ng Lungsod ng Maynila BSA 2008Balsomo, Evan John V. Technological University of the Philippines Bacolod BS ME 2010Baluran, Eldrich N. Xavier University BSED English 2008Banac, Zyrah S. Southern Luzon State University BSA 2010Banal, Sarah Jane C. Manuel S Enverga University Foundation BSA 2010Banayat, April May B. National University BS ECE 2009Bañga, Nile Kris Jan P. Central Philippine University BSCS 2010Banga, Noel C. National University BS ECE 2010Bangud, Christin D. University of the Philippines Visayas BSA 2008Banzuela, Ana Bernadett P. Angeles University Foundation BSA 2009Baquial, Razel Ann Marie S. Xavier University BSA 2011Barbacena, Sheila Marie C. National University BSCS 2009Barbin, Roselle S. Asia Pacific College BSA 2009Barcel, Crizza S. National University BSC Finance 2008Barce, Nylma Mae A. Cavite State University BS COE 2011Baritua, Michelle B. University of the East Caloocan BSA 2008Barona, Jannen B. University of the East Caloocan BSA 2007Barredo, Peter Emmanuel V. Asia Pacific College BS CPE 2011Basmayor, Joyce Belle B. National University BSA 2011Bastareche, Mark Anthony R. Notre Dame of Dadiangas University BSA 2011Batangan, Irine D. Far Eastern University BSA 2009Batedio, Jym B. Xavier University BS CS 2011Batua, Saddam V. National University BSA 2009Batu, Jairenz T. Holy Angel University BS IT 2011Bauan, Christian Andrei C. University of Batangas BS EE 2011Bautista, Armie P. Batangas State University BSED Biology 2009Bautista, Maureen Suzette Y. University of Batangas BSA 2011Bautista, Nadjla B. Asia Pacific College BSA 2008Bayani, Carmoneth B. Manuel S. Enverga University Foundation BSCOE 2007Baybayon, Cedric Aeron R. National University BSCS 2009Becido, Olivia M. University of Batangas BSA 2009Belen, Karen Gil P. University of Nueva Caceres BSA 2010Belir, Roderick M. University of Nueva Caceres BSA 2010Belonio, Christine Joy F. Notre Dame of Dadiangas University BSBA MANAGEMENT 2011Benedicto,Joan M. National University BS ECE 2011Benjamin, Jeanine B. Technological University of the Philippines- Visayas BS ECE 2007Bernardino, Kimberly R. National University BSC Finance 2009Bernardo, Paolo Jerico C. FEU- East Asia College BSCPE 2008Bersabe, Cede T. Far Eastern University BSA 2009Bilasa, Sherly-Mae R. Pamantasan ng Lungsod ng Maynila BSA 2009Billones, Leny Grace B. Central Philippine University BSA 2010Binasoy, Sarah Jean C. Central Philippine University BSA 2011Binuya, Danyka Marie S. Asia Pacific College BSA 2008Biscocho, Derek Eric S. Saint Louis University BS ECE 2008Bitgue, Tristan Q. Central Philippine University BSA 2007Blanca, Donita Rose S.J. University of Nueva Caceres BSA 2011Blanca, Nhesty Jay T. Central Philippine University BSA 2008Boco, Mary Rose A. National University BSCS 2009Bolima, Dominic P. University of Nueva Caceres BS ECE 2008Bolis, Misael C. Tarlac State University BS EE 2010Bongkahig, Janessa Joy T. University of the Philippines Los Baños BSCS 2011Bonifacio, Raquel D. National University BSC Finance 2009Bravo, John Gerald P. Asia Pacific College BS COE 2010Bregente, Jonna Mae A. Far Eastern University BSA 2010Brillantes, Allen Kaye M. Asia Pacific College BSA 2009Briones, Isagani T. University of Mindanao BS ECE 2007Briones, Maureen S. University of Nueva Caceres BSA 2011Broas, Bryan Dave Asia Pacific College BSA 2009Broñosa, Ma. Charmaine I. Meycauayan College BSA 2008Bucalan, Junnel Jade L. Asia Pacific College BSA 2009Buenaventura Jr., Ariel B. National University BSA 2011Bueno, Maricar G. National University BSC Management 2010Bulangis, Shamah S. University of the Philippines Diliman BSE 2011Bulanon, Aaron R. Xavier University BSA 2011Bulatao, Gembong L. Saint Louis University BSA 2010Bunal, Frederick James T. University of the East Manila BSA 2011Burgos, Bill Ray University of the Philippines Diliman BS COE 2011Buri, Jenefer T. National University BSA 2011Bustamante, Mark Anthony R. National University BSCS 2010Bustamante, Yhoissa P. University of the East Caloocan BSA 2007Bustos, Ricky M. Notre Dame of Dadiangas University BSED 2011Cabadin, Abigail S. Philippine Normal University GEN ED 2009Cabahug, Lorie Jean G. Asia Pacific College BS IT 2011

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Cabaliza, Cindy P. Asia Pacific College BSA 2011Cabaña, Juan Gabriel G. University of the Philippines Diliman BS COE 2010Cabato, Charles E. University of Mindanao BSA 2009Cabeguin, Anjanette Nice L. University of Mindanao BS COE 2011Cabello, Niña M. Pamantasan ng Lungsod ng Marikina BSA 2009Cabiliza, Nickie Bryan L. National University BS COE 2010Cabisora, Rose Ann B. Pamantasan ng Lungsod ng Maynila BSA 2009Cabotaje, Arnie A. Jose Rizal University BSED English 2010Cabral, Nhellia V. Batangas State University Main BSA 2010Cabrera, Marica Elaine D. Lipa City College BSA 2009Cabrera, Sara Gabrielle P. Holy Angel University BSA 2008Caculitan, Edfhellien D. Tarlac State University BSE CHEMISTRY 2011Cadiang,Jelly D. Tarlac State University BSA 2011Caganap, Sir Niño B. Quezon City Polytechnic University of the Philippines BS EM 2010Cagara, Arvin Angelo B. National University BS ME 2011Cajanding, Doreen Joyce G. Asia Pacific College BS ECE 2011Cajanding, Fernando III P. Philippine School of Business and Administration BSA 2009Cajes, Diana L. Pamantasan ng Lungsod ng Maynila BSA 2009Cajigas, Realeen L. FEU- East Asia College BS ECE 2010Calamiong, Ann Kristine R. Pangasinan State University BS CE 2008Calapatia, Roselle A. Far Eastern University BSA 2009Calara, Vivianne T. University of Perpetual Help System- Rizal BSED 2011Calimag, Ann Merjierette M. University of the East Manila BSA 2007Calimbo, Lexcille V. University of the Philippines Diliman BS EE 2010Camacho, Ivan Karl B. FEU- East Asia College BS CE 2010Camacho, Lawrence Christopher S. Philippine Normal University GEN ED 2010Cama, Louisa A. Meycauyan College BSA 2011Camenting, Jennifer Z. National University BSC Finance 2009Camiros, Arnold B. University of the East Caloocan BSA 2008Cancico, Cherry Ann O. University of Southeastern Philippines BS ECE 2010Cang, Jasmin Joy G. University of the Philippines Visayas BSA 2011Canilao, Haizlyne Jade R. Angeles University Foundation BS MA 2011Caño, Phillip B. Cebu Institute of Technology BS ECE 2009Cansino, Derick P. Asia Pacific College BSA 2010Canua, Kathleen Venus B. National University BSC Finance 2009Canuel,John Olly V. Philippine Normal University GENERAL EDUCATION 2011Caparal, Heizelle M. FEU- East Asia College BS COE 2010Caparanga, Lanie L. University of Nueva Caceres BSA 2009Capili, Dannah-Cris M. University of the East Manila BSA 2011Capistrano, Lyka Camille C. Manuel S. Enverga University Foundation BSA 2008Capul, Marc Jay P. University of Cebu Lapu-Lapu & Mandaue BS EE 2009Caraan, Kristil Joy S. First Asia Institute of Technology & Humanities BS IT 2011Carbungco, Nichole I. Angeles University Foundation BSA 2008Carcallas, Mark David P. Cavite State University General Engineering 2010Carillo, Faith N. FEU- East Asia College BSIT 2009Carmen, Julius C. National University BSC Management 2010Caronan, Jasmin M. University of the Philippines Los Baños BSCS 2008Casalme, Van Joseph E. University of the Philippines Diliman BS CE 2010Casilao, Pauline Kate R. Batangas State University Main General Engineering 2010Castañeda, Joanna Paula P. Mindanao State University BSA 2011Castillo, Cesar Jr. Far Eastern University BSA 2009Castillo, Jenny D. Polytechnic University of the Philippines BS COE 2010Castillo, Vince Neil T. Batangas State University Lipa General Engineering 2010Castromayor, James G. Asia Pacific College BS ECE 2008Castro, Jan Lorenz N. Asia Pacific College BS COE 2010Cas, Jane F. National University BSC Finance 2010Catarina, Ariel Jay D. Cebu Institute of Technology BS ECE 2011Catarroja, May Ann O. Philippine School of Business Administration BSA 2011Catherine J. Quirino, Catherine J. National University BSA 2011Cayanan, Nikki C. Holy Angel University BSA 2010Cayubit, Iran Jem I. FEU- East Asia College BS ECE 2010Celestino, Elgine L. Meycauayan College BSA 2009Celestino, Lady Camille P. Bulacan State University BS CE 2009Celis, Jeselle I. Ateneo de Naga University BSA 2010Ching, Larah Angelica L. Asia Pacific College BSA 2009Chiong, Nicolas Arvin S. Cebu Institute of Technology BS CE 2009Chua, Erika Muriel P. University of Immaculate Concepcion BSA 2010Circulado, Maria Ana A. Asia Pacific College BSCSIT IT 2009Como, Jimbooh P. University of Batangas BS EE 2011Con-ui, Dianne Caryl C. University of the East Manila BSA 2007Concepcion, Jejomar M. Far Eastern University BSBA IA 2011Consuelo, Marvin C. Pamantasan Lungsod ng Maynila BS ME 2010Consultado, Christian R. Pamantasan ng Lungsod ng Maynila BS ECE 2007Cordero, Camille Jane G. Holy Angel University BSA 2011Cordova, Mark Joseph P. University of Negros Occidental Recoletos BSCS 2008Corral, Adrianne Jean I. Asia Pacific College BSA 2011Cortez, Dhon Josef B. Asia Pacific College BSCPE 2009Coscos, Hannah Jane Philippine School of Business and Administration BSA 2009Costales, Jeanifer B. Lyceum Northern Luzon College BSA 2009Co, Jehdeiah S. Pamantasan ng Lungsod ng Maynila BSA 2009Credo, Naomie P. National University BSC Finance 2009Crisostomo, Audree Joy L. University of the East Caloocan BSA 2009Cruto, Maybelyn M. Cavite State University BSA 2011Cruz, Carissa D.L. Meycauayan College BSA 2010Cruz, Christian Loisse B. Pamantasan ng Lungsod ng Maynila BS CE 2009Cruz, Liaa Esmeralda V. Pamantasan ng Lungsod ng Maynila BS Math 2009Cruz, Rae Louisse N. FEU- East Asia College BS CE 2011Cualquera, Keith Ian P. Notre Dame of Dadiangas University BS CE 2011Cuibillas, Diana B. Ateneo de Naga University BSA 2011Cui, Alyssa Ave G. National University BSA 2011Curtan, Ramon Jr. C. Asia Pacific College BS ECE 2007Cusi, Pink Zarina Marie T. University of Batangas BSED 2011Daculara, Liezel B. University of San Carlos BSA 2010Dacup, Reziel P. Xavier University BS Math 2011Dag-ay, Phoebe J. National University BSCS 2009


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Daguio, Roi Josef M. National University BSA 2011Dalisay, Grace L. Lipa City College BSA 2008Dandan, Joey A. De La Salle University- Dasma BS ECE 2007Darantinao, Sheila Rose M. Asia Pacific College BSA 2009Dato-on, Vanezza Mae I. Philippine School of Business and Administration BSA 2009David, Hexcel S. Angeles University Foundation BS MA 2010David, Mark Anthony A. Holy Angel University BSA 2010David, Paul Martin P. University of the East Caloocan BSA 2007Dayag, Jincky B. Asia Pacific College BSA 2006De Alday, Carlo B. University of Nueva Caceres BS ECE 2008De Asis, Christine O. Asia Pacific College BSA 2009De Asis, John Ved G. FEU- East Asia College BS CE 2011De Cadiz, Alyssa Marie S. National University BSIT 2009De Castro, Verna C. Batangas State University BSA 2008De Chavez, Andrea Licci A. National University BS CE 2010De Chavez, Mary Rose Maya University of Batangas BSA 2009De Gracia, Jess Marrion L. Xavier University BSA 2008De Gracia, Rozend C. Batangas State University BS ECE 2007De Grano, Princess Maica A. University of the Philippines Diliman BS CE 2011De Guia, Joyce Louise C. FEU- East Asia College BS ECE 2011De Guzman, Jesselle Asia Pacific College BSA 2010De Guzman, Mary Ann Janette P. National University BS CE 2011De Guzman, Shae Marie Y. Saint Louis University BSA 2009De Jesus, Carlo B. Angeles University Foundation BS ECE 2008De Jesus, Melissa J. University of the East Caloocan BSA 2009De Jesus, Rhomarie Jean C. Pamantasan ng Lungsod ng Maynila BSBA Finance & Treasury Mgt. 2009De Juan, Maria Ruvi B. National University BS ECE 2010De Keyser, Letty B. University of the Assumption BSA 2009De la Cruz, Ian Samuel B. University of the East Caloocan BSA 2011De Los Reyes, Yna Terese C. FEU- East Asia College BS COE 2010De Torres, Ivan Albert C. Centro Escolar University BS Pharmacy 2010De Torres, Suzette A. University of the Philippines Los Baños BSCS 2010De Vega, Renz Jester P. Holy Angel University BSA 2007De Vera, Angelica C. Bulacan State University BSED Math 2010De Vera, Anna Rose M. National University BS IT 2011Deang, James Bryan S. National University BSE ENGLISH 2011Deatras, Job D. Central Philippine University BS ME 2011Decena, Angelo A. University of Perpetual Help Biñan BSCS 2010Del Rio, Rain Beaux E. Manuel S Enverga University Foundation BSA 2009Del Rosario, Kevin Nathaniel D. National University BS CE 2011Del Rosario, Michael John F. University of the East Manila BS ACT 2008Del Valle, Jeanette H. National University BS ECE 2009Dela Cruz Jr., Wilfredo S. Quezon City Polytechnic University of the Philippines BS EM 2010Dela Cruz, Abigail M. National University BSA 2011Dela Cruz, Crisante C. Pangasinan State University BS ME 2010Dela Cruz, Jerome P. Baliuag University BSBA MA 2009Dela Cruz, Joseph C. National University BS CE 2009Dela Cruz, Kenneth E. University of San Agustin BSA 2009Dela Cruz, Lizeth D. Pamantasan ng Lungsod ng Maynila BSA 2008Dela Cruz, Mara Mae B. National University BSC Management 2010Dela Cruz, Sean Melvin John U. FEU East Asia College BSCS 2010Dela Cruz, Wienalyn T. Cavite State University BS ECE 2011Dela Paz, Mara Patricia T. Asia Pacific College BS ECE 2011Dela Paz, Nur- Inee U. Asia Pacific College BSCSIT- CNE 2010Dela Vega, Mharc Djan P. University of Nueva Caceres BSA 2010Deliguin, Mecha M. Asia Pacific College BS ECE 2010Delos Reyes John Edward D. Asia Pacific College BSCSIT SSE 2011Delos Santos, Devie M. Asia Pacific College BSA 2009Delos Santos, Michael John S. National University BS CE 2011Delos Santos, Rachel V. Asia Pacific College BS ECE 2007Deniega, Marmie Dyan University of San Jose Recoletos BSA 2009Denosta, Marvic P. Far Eastern University BSBA IA 2011Deocampo, Christian P. Asia Pacific College BSCSIT SSE 2008Depayso, Wayjorie A. Saint Louis University BSA 2007Dequiño, Dianne Louise M. Asia Pacific College BSCSIT IT 2009Dequin, John Michael H. University of Negros Occidental Recoletos BS CE 2011Deroja, Orvil L. University of Negros Occidental Recoletos BSA 2008Despabeladero, Lady C. De La Salle University Dasma BSIT 2009Diesta, Mark Alexis C. San Sebastian College Recoletos BSA 2009Diesto, Christopher E. Central Philippine University BSA 2009Dimaano, Krizza Jane Laguna College of Business & Arts BSA 2009Dimafelix,Karen Kate H. National University BS COE 2011Dimapilis, Joshua C. Asia Pacific College BS IT 2011Dimarucot, Kayle Lucerne S. National University BS ECE 2011Dionson, Clytie D. West Visayas State University BSED Physics 2009Dioso, Olga Marie University of Saint La Salle BSA 2009Dizon, Darrel B. Asia Pacific College BS ECE 2008Dizon, Jarrell R. Asia Pacific College BS ECE 2010Dizon, Marielle Nicole S. National University BS CE 2010Dizon, Michelle C. National University BSC Finance 2009Domingo, Ayana Nneka B. National University BS EE 2009Dorado, Jerick M. Lipa City College BSED English 2008Doria, Aira C. Far Eastern University BSBA IA 2011Dotollo, Ma. Rencel Jessa R. National University BSED 2009Duaves, Claribel A. University of Mindanao BSA 2009Duero, Ma. Theresa S. National University BS CE 2011Duga, Regine N. Mindanao State University BSA 2011Ednacot, Elaine D. Cavite State University BSA 2010Egot, Khristine F. Mindanao State University BEED 2011Elizondo, Kimberly Mae B. Asia Pacific College BS IT 2011Ellao, Dyan Marjorie I. National University BSC Finance 2009Empio, John Ronald G. Technological University of the Philippines- Visayas BSCOE 2008Enad, Harlene D. University of San Jose Recoletos BSA 2008Englis, Jamaica P. University of San Carlos BSA 2009Enriquez, Mary Grace A. First Asia Institute of Technology and Humanities BS ECE 2008


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Escalona, Yul Gimry Brionne D. First Asia Institute of Technology and Humanities BS IT 2010Escaño, Maria Jessica R. National University BSIT 2009Escolano, Desire Mari D. Mindanao State University BSA 2011Escorpiso, Kathleen A. University of San Agustin BSBA MA 2008Esguerra III, Benigno J. University of Nueva Caceres BS EE 2011Esona, Robelyn S. University of Saint La Salle BS MA 2010Española, Jyra M. Philippine Normal University GENERAL EDUCATION 2011Espanto, Michelle Ann B. University of Mindanao BS COE 2010Espino, Mark Anthony G. Tarlac State University BSA 2011Espiritu, Jessica B. University of Perpetual Help Biñan BS CE 2010Espiritu, Princess C. University of the East Caloocan BSA 2009Estoque, Arjay M. Rogationist College BSA 2010Esto, Meriah Kate G. Pamantasan ng Lungsod ng Maynila BSA 2009Estrada, Angelica E. Philippine School of Business and Administration BSA 2010Estrada, Lito C. Lyceum Northern Luzon College BSA 2010Estrella, Bonn Jovi L. National University BSED 2009Estrella, Djeriel R. National University BSA 2010Estrella, Myka Angelica R. University of the East Caloocan BSA 2011Eugenio, Jai Rabbai A. Philippine Normal University GEN ED 2009Evangelista, Grace Jaireh G. Baliuag University BSA 2008Exito, Jerome A. National University BS ECE 2009Eyana, Jonas P. University of the Philippines Los Baños BS CE 2010Fajardo, Charmaine Ann M. National University BSA 2011Fallorin, Tezza Marie D.C. Asia Pacific College BSCSIT SSE 2009Farase, Charity Mae E. University of Mindanao BS CE 2011Faria Jr., Ricardo N. University of San Agustin BSA 2010Fausto, Mark John V. National University BS IT 2010Fava, Michael John D. Bulacan State University BS EE 2011Fernandez, Karl Angelo D.P. University of the East Manila BSA 2010Fernando, Angelyn C. Asia Pacific College BSCSIT SSE 2009Ferrer, Arnold O. National University BS CE 2009Ferrer, Fatima G. Saint Louis University BSA 2011Fiesta, Amos C. Tarlac State University BS ECE 2010Figueroa, Franz R. University of the East Caloocan BS ECE 2007Flores, Jane Grace L. Ateneo De Davao University BS MA 2008Flores, Kerven G. University of San Carlos BSA 2007Flores, Machris Czereanah P. National University BS ECE 2009Flores, Pamela Mae P. Asia Pacific College BSA 2008Flores, Ritche Orven P. University of the Cordilleras BSA 2011Formales, Myreen B. University of the Philippines Los Baños BS CE 2011Fortuna, Stacey Ray O. University of San Carlos BSA 2009Francia, Angelica A. University of the East Caloocan BSA 2011Francisco, Alevialyn E. National University BS CE 2010Froilan, Kate Alyssa M. Rogationist College BSA 2010Gabalfin, Kayzelle Anne C. Asia Pacific College BS IT 2011Gaba, Darwin C. University of Perpetual Help System- Biñan BS CE 2011Gabriel, Barbara Joy Z. University of the East Caloocan BS ECE 2007Gadiano, Jonathan Y. Jose Rizal University BSMA 2008Gaelon, Charmine R. Southern Luzon State University BSA 2011Galang, Criscel L. University of the Philippines Los Baños BS CE 2011Galeno, Andrew John A. Bulacan State University BSA 2011Gallardo, Bryan Jessie B. National University BSED English 2011Gallardo, Shallimar T. University of San Carlos BSA 2007Galope, Shallel P. Colegio De San Agustin BSED English 2009Galos, Rose Ann Jane J. National University BSED 2009Gamboa, Patrick Lawrence S. Asia Pacific College BSA 2010Gammuac, Marie Lorraine Joy E. University of the Philippines Los Baños BS Math 2010Gaña, Marie Antonette S. Tarlac State University BSA 2010Gan, Klarisse Aimee M. National University BS CE 2009Gapasin, Pamela Anne D. De La Salle University- Dasma BSCS 2008Garayan, Jerald C. Pangasinan State University BSIT 2010Garces, Jeanno Rhey B. Pangasinan State University BSIT 2008Garcia, Crisanto T. National University BSIT 2009Garcia, Geraldine Grace G. Philippine Normal University GEN ED 2009Garcia, John Paulo DC. Baliuag University BSA 2008Garcia, Juan Lucas C. Asia Pacific College BSA 2010Garcia, Melvin P. Philippine Normal University GEN ED 2010Garcia, Romila V. Ateneo De Naga University BS ECE 2011Garcia, Romy D. Holy Angel University BSA 2009Garcia, Wendy P. Pamantasan ng Lungsod ng Maynila BSA 2010Gatbunton, Perlie B. University of the East Caloocan BS ACT 2010Gatchalian, Arlene A. Baliuag University BSA 2008Gatchalian, Yani Gemuel M. Baliuag University BSA 2010Gatdula, Jennelyn C. Asia Pacific College BSA 2009Gatpandan, Imee Diane G. Rogationist College BSA 2009Gaw, Benedick M. Saint Louis University BS CE 2009Gejis, Margin S. University of Perpetual Help Rizal BSA 2008Gemora, Dianne Marie G. Asia Pacific College BSA 2008Genovia, Roy Jr. P. University of Saint La Salle BSA 2008Gerona, Neneth Naga College Foundation BSED English 2009Gerong, Jezzelyn J. National University BSC Management 2010Gica, Kristel Joice C. Asia Pacific College BSCSIT SSE 2010Giner, Medilyn B. University of San Agustin BS ACT 2009Gipulan, Gladys B. University of Negros Occidental Recoletos BSA 2008Gler, Jacklyn R. Asia Pacific College BSA 2007Glodo, Robilyn R. Laguna College of Business and Arts BSA 2008Gloria, Luisa Alyanna L. Far Eastern University BSA 2010Golez, Paul Edward T. University of Cebu Banilad BS IT 2010Goloran, Dammie I. University of the East Caloocan BSA 2011Gomez, Riel A. FEU East Asia College BSCPE 2009Gongora, Christine Kaye A. Southern Luzon State University BSA 2008Gonzaga, Rose Ann P. University of the East Caloocan BSA 2007Gonzales, Arlene Bulacan State University BSIT 2009Gonzales, Harriet Angeli A. University of the Philippines Visayas Cebu BSCS 2010Gonzales, John Richard B. Ateneo de Davao University BS ME 2010


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Gonzales, Lemon James L. University of the East Caloocan BS ECE 2007Gonzales,John Romar C. Saint Louis University BSA 2011Gorgod, Farah Jane E. Xavier University BSA 2009Goyon, Paul Allan Y. National University BS CE 2010Gozon, Emmanuel C. FEU East Asia College BSCS 2009Go, Blessy Angeli B. Pangasinan State University BS CE 2009Go, Kim Mikah B. Cavite State University BSA 2009Grampa, Kevin E. Asia Pacific College BS ECE 2011Granado, Jesshell S. National University BS CE 2010Guanlao, Armand V. National University BS IT 2011Gueco, Maria Allyson S. Asia Pacific College BSCSIT SSE 2009Guerrero, Jubele V. Lipa City College BSED English 2010Guevarra, Andy M. Asia Pacific College BSCSIT SSE 2009Guevarra, Christian Ian L. Pamantasan ng Lungsod ng Maynila BS IT 2011Guiala, Jennyl Erika N. FEU East Asia College BSIT 2009Guico, Melody B. University of San Carlos BSCS 2008Gutierrez, Mary Ann D. National University BSA 2011Habacon, Gilbert R. University of the Philippines Los Baños BS MST 2011Habunal, Jessica Aliana S. Central Philippine University BSA 2009Hagos, Sheilla Joyce B. Pamantasan ng Lungsod ng Maynila BSA 2008Herico, Joanne May A. Cavite State University BS ECE 2011Hernandez, Eileen Mae P. Asia Pacific College BS ECE 2008Hernandez, Glenda S. Manuel S. Enverga University Foundation BSCOE 2011Hernandez, Kriel S. Bulacan State University BS ECE 2007Hidalgo, Brixie Joy B. Asia Pacific College BSA 2010Hidalgo, Mark Jo Vincent S. Saint Louis University BS CE 2011Hipolito, Mary Con M. Holy Angel University BSA 2009Ibasco, Monaliza D. Rogationist College BS ECE 2010Idos, Mark Allen M. Lyceum Northwestern University BSA 2009Ignacio, Sharmine S. Pamantasan ng Lungsod ng Maynila BSA 2009Ignalig, John Paul S. FEU- East Asia College BS ECE 2011Ilustrisimo, Cedric B. Holy Angel University BSA 2010Iman, Gentner C. University of Mindanao BSA 2011Impas, Key S. Philippine School of Business and Administration BSA 2009Inson, John Cyril O. Asia Pacific College BSA 2009Ison, Diane E. Polytechnic University of the Philippines BSA 2011Jacinto, Joemark L. National University BS CE 2009Jacinto, Nikko Q. Adamson University BS ECE 2007Jacob, Marc Al Francis University of Nueva Caceres BSA 2009Jamolo, Elemar G. University of San Agustin BSA 2009Jandayan, Haidee B. National University BSED 2009Janea,Jeriza Pearl S. University of San Carlos BSA 2011Jarabelo, Donabeth P. Central Philippine University BSIT 2010Jarabelo,Anna Ruby M. Philippine School of Business Administration BSA 2011Javar, Redito Q. Lyceum Northwestern University BSA 2011Jocson, Kervin John C. University of the Philippines Diliman BSCOE 2007Jocusol, Edneil D. Asia Pacific College BS ECE 2008John Cedric G. FEU East Asia College BS CE 2010Jordan, Michael Kent D. J. Batangas State University BS EE 2011Jose, Kath Leen A. Asia Pacific College BSA 2009Jose, Quennie V. Universidad De Sta. Isabel BSED English 2009Jose, Ross Angela P. Asia Pacific College BSA 2007Josol, Jeffrey Christian M. University of Mindanao BSA 2009Juan, Pamela Rose A. Polytechnic University of the Philippines BSA 2009Junco, Kristina A. Asia Pacific College BSA 2009Kalaw, Janine G. Batangas State University Lipa General Engineering 2010Kalaw, Jennifer F. University of Batangas BS ECE 2007Karasig, Mary Rose V. Bulacan State University BS ECE 2008Killase Jr., Alex A. University of the Cordilleras BSA 2010Kinichon, Daryl S. Saint Louis University BSIT 2009Laban, Ivy Kieve D. Saint Louis University BSA 2010Labiran, Jezreel Jane P. National University BSCS 2009Laborte, Aljon D. National University BSC Management 2010Lacap, Mikee Angelica C. University of the Philippines Los Baños BSCS 2010Lacap, Quennie P. University of the Cordilleras BS CE 2010Lacdao, Jessica Ysabel S. Far Eastern University BSBA IA 2011Lacorum, Michelle R. Tarlac State University BSA 2010Ladesma, Marlon M. Asia Pacific College BSA 2009Ladislao, Bon Joey S. Dela Salle University Lipa BS ECE 2009Lagasca, Arianne Mel G. Asia Pacific College BSA 2008Lagasca, Lorie May B. University of the Cordilleras BSED Math 2009Lagata, Kelvin Klein F. FEU East Asia College BS CE 2010Lajada, Irene E. Asia Pacific College BSA 2009Lajara, Emerson S. Dela Salle University Lipa BS COE 2010Lamac, Aizielle Joy S. Pamantasan ng Lungsod ng Maynila BSA 2011Landicho, Norie Ann A. De La Salle University Lipa BSA 2008Lanot, Ma. Marinella Joyce M. FEU East Asia College BSIT 2008Lara, John Christian Y. Centro Escolar University BS Pharmacy 2010Laroza, Rosan Joy J. San Sebastian College Recoletos BS ECE 2011Lastimosa, John Carl B. Notre Dame of Dadiangas University BSA 2011Lauresta, Brylle James P. Batangas State University- Nasugbu BSSED 2011Lauron, John Paul V. Centro Escolar University BS Pharmacy 2010Lava, John Michael T. Far Eastern University BSC INTERNAL AUDIT 2008Laya-an, Jocel Christine M. National University BSCS 2009Layaguen, Debra Jade Z. National University BS CE 2009Lazarte, Chino M. University of Perpetual Help- Biñan BS ECE 2007Legaspi, Anna Charisse P. Rogationist College BS IT 2010Leong, Kim E. Ateneo De Davao University BSCS 2008Librando, Venus A. University of the East Manila BS ACT 2009Licardo, Christian Paulo J. Southern Luzon State University BS ECE 2008Licudo, Francisco D. Lyceum Northern Luzon College BSA 2009Lijauco, Carlo Cedric D.L. Asia Pacific College BS COE 2008Limos, Eric C. Asia Pacific College BSA 2009Lim, Jayvee T. National University BSCS 2009Llabres, Jelly Ann L. Southern Luzon State University BSED English 2009


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Lolo, Jayson P. University of Mindanao BS EE 2010Lontoc, Maricel D. Asia Pacific College BSA 2007Lopez, April M. Holy Angel University BSA 2008Lopez, Jeferson F. University of the Cordilleras BS CE 2010Loprandado, Danalee Mae I. University of the Philippines Los Baños BSCS 2009Loresco, Ma. Cristina W. Far Eastern University BSA 2007Lorica, Emerald L. Manuel S Enverga University Foundation BSA 2010Loyola, Lester L. Dela Salle University Dasmariñas BSA 2010Loyola, Liezel S. Rogationist College BEED 2010Luangco, Mergieli T. National University BSC Management 2010Luansing, Michael Ariel B. National University BSC Finance 2009Lucero, Juanito Jr. N. Cebu Normal University BSED Math 2008Lugtu, Sheryl Anne Cavite State University BSED ENGLISH 2011Lumanglas, Joven Kriz G. University of Perpetual Help Biñan BSA 2008Lumbera, Maxell P. University of the Philippines Diliman BS CE 2007Luna, Kolleen B. Saint Louis University BSA 2008Mabalot, Samantha Joyce G. Far Eastern University BSA 2009Mabansag, Charmaine Mae Liceo De Cagayan University BSA 2009Macaraig, Preetslyn M. National University BSA 2011Macatangay, George Matthew B. University of Perpetual Help Biñan BSA 2010Macawile, Remson Mark C. National University BS ECE 2009Macrohon, Arjayson A. University of Immaculate Concepcion BSA 2011Madis, Maria Anna Jesusa R. De La Salle University- Dasma BSA 2007Magallanes, Mark Paul M. Cebu Institute of Technology BS CE 2008Magallanes, Reygelyn T. University of Negros Occidental Recoletos BS ECE 2009Magday, Joseph D. Tarlac State University BS EE 2010Magpantay, Mark Joseph I. National University BSA 2009Magsino, Nataniel P. Technological University of the Philippines- Visayas BS ME 2011Magtibay, Reniel B. FEU- East Asia College BS COE 2011Mala-ay, Kris Avein G. University of Negros Occidental Recoletos BSA 2009Malabag, Abigail D. National University BS ECE 2009Malabanan, Danjoven T. Asia Pacific College BSA 2010Malamion, Eunice Joy Asia Pacific College BSA 2009Male, Kia R. University of Makati BSMA 2008Malfarta, Flouelin P. University of the Philippines Visayas Iloilo BSCS 2010Maliwat, Cyndi M. Angeles University Foundation BSA 2009Malonzo, April Rose M. Pamantasan ng Lungsod ng Maynila BS CE 2010Manalad, Glen Cris A. San Sebastian College Recoletos de Cavite BS ECE 2010Manalo, Aleana Marie N. Philippine Normal University GEN ED 2009Manalo, Algeneve L. Cavite State University BSA 2011Manalo, Eramie O. National University BSCS 2008Manansala, Bonn Christopher O. National University BS CE 2010Maña, Rose Ann O. National University BS COE 2010Mangilaya, Ariane L. Pamantasan ng Lungsod ng Maynila BSA 2008Mangubat, Jayverlie C. Batangas State University BSED Math 2009Manhulad, Jeffry C. Liceo de Cagayan University BS IT 2011Manimtim, Sarah Joy P. National University BS ECE 2010Maniquis, Quennie Jaybee G. FEU East Asia College BS IT 2010Manlangit, Charlene C. Bulacan State University BSED Biology 2010Manla, Junnair B. National University BS ECE 2009Manongas, Niña Jane C. University of San Jose Recoletos BSA 2011Manongsong, Christine Jean A. National University BSA 2011Mañosca, Rob Amiel L. National University BSCS 2009Mansujeto, Mharz S. National University BS ECE 2010Manuel, Kenneth F. National University BSED ENGLISH 2011Maralang, Ivy Joy M. Cavite State University BSA 2010Maramara, Kristine S. University of Mindanao BSA 2009Maranan, Oly C. University of the East Manila BSA 2011Marasigan, Nikko T. National University BS CE 2010Marba, John Marie G. University of Negros Occidental Recoletos BS CE 2010Marco, Mark Aldrin R. FEU East Asia College BS ECE 2008Marfil, Christian T. University of Perpetual Help System- Biñan BS ECE 2011Mariano, Christian Angeli L. University of Immaculate Concepcion BSA 2009Marilla, John Allen V. University of Mindanao BSA 2008Marimat, Katherine V. Rogationist College BS ECE 2010Marqueses, Danica Joy Z. Pamantasan ng Lungsod ng Marikina BSBA Mgt. 2008Martinez, Jennifer B. Tarlac State University BSCS 2010Martinez, Marvin D. Tarlac State University BS CE 2011Martinez, Miguel A. Saint Louis University BS ECE 2010Martinez, Paul Angelo M. Bulacan State University BS IT 2010Martino, Luigi Martin L. Far Eastern University BSA 2007Martin, John Vincent L. Baliuag University BSBA 2008Marzan, Diana Christine D. Asia Pacific College BSA 2011Matanguihan, Jonathan G. Batangas State University Nasugbu BSMA 2008Matias,Irus John T. Bulacan State University BS CE 2011Maunahan, Alexandria P. Cavite State University BSIT 2008Mayor, Sanica Jenine Q. Asia Pacific College BSA 2010Medina, Carl Justin U. Cavite State University BS CE 2010Medrano, Sandra Andrea A. National University BSC Finance 2009Mempin, Nikki U. Baliuag University BSBA MA 2008Mendez, Fritz C. University of San Agustin BS ACT 2010Mendoza, Katrina A. Rogationist College BSED English 2010Mercado Jr., Arturo D. Lipa City College BSBA Financial Mgt. 2010Mercado, Evan Louie M. FEU East Asia College BS ECE 2008Mercado, Princess Dianne A. University of Batangas BSA 2011Mercolita, Ruthel Shayne E. University of the Philippines Visayas BSA 2008Miano, John Kenneth D. FEU East Asia College BS ECE 2008Michelle M. Centro Escolar University BS Pharmacy 2010Miguel, Gene Micahel T. University of the East Manila BSA 2009Milanes, Mary Armi G. Asia Pacific College BSA 2010Milano, Wilson G. Ateneo De Naga University BS CE 2009Mina, Jally Mae O. Lyceum Northen Luzon College BSIT 2009Miranda, John Paulo C. Batangas State University Lipa BS ECE 2011Miranda, Mikee C. National University BS CE 2011Miranda, Ronaile A. San Sebastian College Recoletos BSA 2011


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Mission, Dave Austeinn M. Far Eastern University BSA 2007Mission, Kent B. Liceo de Cagayan University BSA 2010Mombay, Daniel Dominic S. Technological University of the Philippines- Visayas BS ECE 2007Mondejar, John Dale P. University of San Carlos BSA 2009Mondragon, Francis Daniel R. National University BS CE 2011Monilla, Mercy O. Asia Pacific College BSCSIT SSE 2008Montealegre, Airon Gail M. San Sebastian College Recoletos de Cavite BS ECE 2010Montemayor, Joyce D. Angeles University Foundation BSA 2008Montenegro, Joanna Paula G. De La Salle University- Dasma BSMA 2008Monteposo, Glen Paul D. Colegio de San Agustin BS COE 2011Monterde, Jenerick C. National University BS ECE 2009Morales, Gladis D. Far Eastern University BSBA IA 2011Morales, Juliana Marie Asia Pacific College BSCSIT IT 2009Moreno, Shena G. Asia Pacific College BSCSIT SSE 2009Moreto, Gian Carlo M. Batangas State University BS ECE 2007Muñez, Karen Mae A. Mindanao State University BEED 2011Musa, John Rey D. Ateneo de Davao University BSA 2010Nacionales, Emil Angelo S. FEU- East Asia College BS CE 2010Namalata, Aila Mae P. Liceo De Cagayan University BSC MA 2009Namoro, Mary Ann R. University of Nueva Caceres BSA 2010Nantin, Ray Vincent N. University of Pangasinan BS EE 2011Naperi, Danilyn Kaye T. FEU East Asia College BSCPE 2008Napucao, Carlo Kristian S. National University BS CE 2011Narcelles, Jomel Anne C. Philippine School of Business and Administration BSA 2010Natural, Mark Glen Gene P. National University BS IT 2011Nava, Jade A. National University BSC Management 2010Nebres, Genevieve Irene A. University of Perpetual Help Biñan BS ECE 2010Negapatan, Odeth A. University of the East Caloocan BSA 2009Nguyen, Katherine A. Asia Pacific College BSA 2011Nicolas, Elvis Jan P. Asia Pacific College BS ECE 2008Nicolas, Felissa Vern Marie C. National University BSIT 2009Nicolas, Hirobi Joy L. Philippine School of Business and Administration BSA 2009Niere, Juvielyn H. National University BSC Finance 2009Nipas, Eugene B. National University BS ECE 2009Noarin,Jeffrey M. Tarlac State University BSE ENGLISH 2011Noche, Daerelle T. Asia Pacific College BSA 2009Nolasco, Sarah Jane L. Rogationist College BSA 2009Novencido, Joan M. Bulacan State University BS COE 2009Novicio, Claudine R. Rogationist College BSA 2010Nual, Shennalyn C. Dela Salle University Dasmariñas BSA 2010Nuezca, Gerardson R. Saint Louis University BS CE 2011Nuguit, Paul John M. Bulacan State University BS ECE 2011Nunag, Aaron R. University of Assumption BSA 2009Nunag, Sharmaine M. Holy Angel University BSA 2009Nuñez, Glazy Kae M. Manuel S Enverga University Foundation BSA 2010Nuqui, John Paul B. Holy Angel University BS EE 2011Obalio, Mary Ysthelrose Central Philippine University BSCS 2010Obciana, Dona D. Southern Luzon State University BSA 2009Obligado, Julius Bryan C. Asia Pacific College BS ECE 2008Obrero, Pamela J. National University BS IT 2011Ocampo, Janelle Marie A. University of the Philippines Diliman BS ECE 2011Ocampo, Ocampo P. Batangas State University Main General Engineering 2010Ocampo, Rica Clarisse A. Pamantasan ng Lungsod ng Maynila BSA 2010Ocbina, Jackielyn B. Philippine Normal University GEN ED 2010Ochotorena, Isaac Philippine School of Business and Administration BSA 2009Octaviano Jr., Manolito V. National University BS CS 2011Odever, Kharyn Kate V. Cebu Normal University BSED BIOLOGY 2011Olaguera, Kennedy S.J. Far Eastern University BSBA IA 2011Olaso, Florabel B. Asia Pacific College BSA 2011Olitoquit, Von C. San Sebastian College Recoletos BSA 2009Oliveros, Ryan Y. University of the East Caloocan BSA 2008Ong, Niel Alberto L. Asia Pacific College BS COE 2010Oporto, Ma. Faith F. University of Nueva Caceres BS ECE 2009Oray, Ma. Soledad E. Liceo de Cagayn University BSA 2008Ordoña, Alyanna Joan S. Centro Escolar University BS Pharmacy 2010Oredina, Charlene Faith O. Saint Louis University BSA 2009Oreto, Arden Camille A. Asia Pacific College BSA 2009Organis, Joanne D. University of Nueva Caceres BSBA FA 2008Orpilla, Julia Erinne B. Saint Louis University BS ME 2011Ortega, Ronalyn A. Cebu Normal University BSE ENGLISH 2011Ortiz, Hannah Elaine A. Asia Pacific College BSA 2008Ouano, Josef Vincent B. University of Cebu Banilad BS ECE 2010Pabalan III, Pacito Alberto C. Angeles University Foundation BS MA 2011Pabalate, Ariel G. Holy Angel University BS CE 2011Pabrua, Lerr Dwaine B. University of the Philippines Mindanao BSCS 2007Padillo, Ronnell L. Asia Pacific College BSIT 2008Padua, Jann Andre H. Philippine Normal University GEN ED 2010Padua, Lady Jett G. Saint Louis University BS ECE 2007Paglinawan, Paul Gemar R. Ateneo de Naga University BS ECE 2010Pagsisihan, Therese Mariel P. Asia Pacific College BSCSIT SSE 2010Pajela, Delinger S. Xavier University BS EE 2010Palero, Marinel V. San Sebastian College Recoletos BSA 2008Palma, Vernadeth M. Tarlac State University BSA 2010Palmes, Aireen T. University of the East Caloocan BSA 2009Paludipan, Joshua G. Saint Louis University BSED MATH 2011Pandili, Arvin T. University of Mindanao BS IT 2011Panela, Jonalyn G. Saint Louis University BS CE 2007Panelo, Dariel E. Philippine School of Business and Administration BSA 2009Paner, Marjorie Ann L. Asia Pacific College BSCSIT SSE 2009Panganiban, Gimalyn B. Batangas State University Nasugbu BSIT 2010Panganiban, Jommelyn M. First Asia Institute of Technology & Humanities BSA 2011Pangan, Jan Paul V. Laguna College of Business and Accountancy BS COE 2011Pangan, Sarah Jane R. Bulacan State University BS IT 2010Pangilinan, Angelica Lourdes N. Far Eastern University BSBA IA 2011Pangilinan, Kenneth L. Holy Angel University BSA 2009


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Pangilinan, Paul P. National University BS ECE 2009Pante,Jester C. National University BSA 2011Pantinople, Katherine Lou C. University of San Carlos BSA 2010Paragua, Kevin Roy C. National University BS HRM 2010Paras, Christopher A. National University BSA 2011Paronda, Ronel B. Pamantasan ng Lungsod ng Maynila BSA 2010Pasaquian, Virgel V. Central Philippine University BS CE 2011Pasatiempo, John Mar Camarines Norte State College BSA 2009Pasumbal, Guia Camille P. Manuel S. Enverga University Foundation BS MA 2011Pata, Mel Charlie V. Pamantasan ng Lungsod ng Maynila BS ECE 2007Patdu Jr., Francisco G. Holy Angel University BSA 2010Paver, Loyd O. University of Batangas BSA 2011Payad, Paul Ashley Z. Pamantasan ng Lungsod ng Maynila BS ECE 2007Pedida, Merryle Rose C. Philippine Normal University BSED 2008Pelonia, Ana Marissa B. Pamantasan ng Lungsod ng Maynila BS ECE 2008Peña, Jennylyn B. Batangas State University Nasugbu BSA 2009Peralta, Diana Marie L. University of the Philippines Diliman BS BAA 2008Peralta, Ferdinand D. C. Baliuag University BS CE 2010Peralta, Randy M. Lyceum Northwestern College BSA 2008Perez, John Richard R. Batangas State University BSIT 2008Perez, Leandro P. Cavite State University BS CE 2011Perialde, Alfred C. University of the East Manila BSA 2010Permejo, Josiephine C. Manuel S. Enverga University Foundation BSA 2011Pimentel, Sherwin Jan F. Liceo de Cagayan University BS IT 2011Pinca, Frealyn L. Philippine Normal University GEN ED 2009Pineda, Wilveth Jane A. University of the East Manila BSA 2011Pineda, Zharlika Joyce S. Far Eastern University BSBA IA 2011Plata, Mariecor M. University of Batangas BS ECE 2008Ploteña, Louilie A. National University BSIT 2009Pokais, Irene L. Saint Louis University BSA 2007Polintang, Jate Virgen C. Rogationist College BSBA Mktg. Management 2010Politico, Justin M. University of Saint La Salle BE 2011Porciuncula, John Carlo V. Bulacan State University BS ME 2011Pornea, John Carlo V. Batangas State University Lipa GEN ENGR. 2009Porqueriño, Germar S. National University BS CE 2010Potestad, Mico Joy D. De La Salle University- Dasma BSA 2007Potian, Marivienne Janine E. University of San Carlos BSCOE 2007Prado, Dessa E. FEU East Asia College BSIT 2009Pring, Julia Consolacion T. University of the East Caloocan BSA 2008Puertillano, Ruby Mae A. Bulacan State University BS ECE 2011Pulmones, Julie- Ann A. Asia Pacific College BSA 2010Pumarin, Gladys D. University of the Philippines Visayas BSA 2011Quiambao,Jherson L. Holy Angel University BSA 2011Quijano, Marlon D. FEU- East Asia College BS ECE 2010Quilao, Zarleen R. Rogationist College BSA 2010Quinto, Ellane S. Batangas State University BSA 2008Quirante, Jhoe Renz Mari T. Far Eastern University BSC INTERNAL AUDIT 2008Quito, Eruel James A University of the East Caloocan BSA 2009Quito, Mary Rose M. Asia Pacific College BSCSIT CNE 2009Quiwa, Queen Mary Christle P. Holy Angel University BSA 2009Racelis, Michael Angelo E. Asia Pacific College BSCOE 2007Radaza, Angeline A. National University BSC Finance 2009Rada, Girlie Anne G. National University BSC Management 2010Rado, Karen D. National University BSC Finance 2009Raganas, Maria Lourdes University of Mindanao BSIT 2008Ragojos, Maydelyn L. Pangasinan State University BSCE 2008Ragos, Ronald Allan L. Cavite State University BS ECE 2007Rama, Divina Denise S. Asia Pacific College BSA 2010Ramirez, Majuri B. National University BS CE 2010Ramos, Eric Angelo C. National University BS ECE 2009Ramos, Jennifer D. Philippine School of Business Administration- Manila BSA 2007Ramos, Jerafin Sylon R. Baliuag University BSA 2008Ramos, Joshua Caleb M. San Sebastian College Recoletos BSA 2011Ramos, Kristine Gail H. University of Nueva Caceres BSA 2009Ramos, Ma. Paz University of Makati Office Mgt. 2009Rañosa, Gindra M. Southern Luzon State University BSED ENGLISH 2011Ravina, Angelito G. Asia Pacific College BSA 2011Razon, Alexandra A. University of the Philippines Diliman BSED Math 2010Real, Dhevy M. Batangas State University BSA 2009Rea, Beverly B. First Asia Institute of Technology and Humanities BSE 2008Receno, Criselle L. Dela Salle University Lipa BS ECE 2009Reformado, Armel L. University of Perpetual Help System- Rizal BS CE 2011Regilme Jr., Manuel Louis L. University of the East Caloocan BSA 2009Regudo,Jason S. Cavite State University BSA 2011Rellama, Iris S. Philippine Normal University GENERAL EDUCATION 2011Resma Jr., Pedro P. Batangas State University- Lipa BS ECE 2011Resoso, Alvin C. University of the Philippines Diliman BS ECE 2008Revilla, Kathey Mae L. National University BSA 2011Reyes, Christine C. Baliuag University BSA 2008Reyes, Cindy Rose E. Manuel S. Enverga University Foundation BSCS 2008Reyes, Marco Aries E. Far Eastern University BSBA IA 2011Reyes, Mark Angelo D. Cavite State University BSA 2008Reyes, Nadhine V. FEU East Asia College BS ECE 2007Reyes, Rogienel L. Baliuag University BSA 2010Ricafranca, Arvic R. Southern Luzon State University BSEE 2009Ricafranca, Fidel Laurence C. University of the Philippines Visayas Cebu BSCS 2010Richards, Josha-nen N. University of the Philippines Manila BSCS 2007Riodeque, Lawrence C. Asia Pacific College BSA 2011Rivera, Joren Ann C. Far Eastern University BSA 2009Rizano, Dexter L. University of the East Caloocan BSA 2011Roda, Mary Ann P. University of San Carlos BSA 2010Rodelas, Jonah Fleur N. Far Eastern University BSA 2009Rodriguez, Carmina M. Philippine Normal University GEN ED 2009Rodriguez, Miecah L. Universidad De Sta. Isabel BSED English 2008Rodriguez, Miguel Antonio C. Far Eastern University BSA 2010


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Rombaoa, Sherlaine L. Lyceum Northen Luzon College BSA 2009Romero, Julianne Camille C. Asia Pacific College BSCSIT SSE 2008Romero, Mariecar L. National University BS ME 2009Romualdez, Angelica R. Asia Pacific College BSA 2008Ronquillo, Marilou H. Laguna College of Business and Arts BSED English 2009Rosaldo, Cherrie Joy M. University of the East Manila BSMA 2008Rosales, Marinell R. Mindanao State University BSA 2011Rosales, Yves Tyrone R. Southern Luzon State University BS CE 2010Rosario, Rolly E. Saint Louis University BS CE 2011Rosas, Maricon A. University of the Philippines Mindanao BSCS 2008Rubis, Dan Jeward C. National University BSC Finance 2009Ruedas, Laurence N. Philippine Normal University GEN ED 2010Ruedas, Regine T. University of the Philippines Diliman BS BAA 2010Ruiz, Emmanuel A. University of the Philippines Diliman BS COE 2011Rullan, Vanessa Y. University of Batangas BSA 2011Sabariaga, Jerrimichi National University BS ECE 2010Sabejon, Kent John C. Xavier University BSA 2008Sacamay, Jonah Jane A. University of San Carlos BSA 2009Sagana, Sheryl G. University of Assumption BSA 2008Sagmit, Lean L. University of the Assumption BSA 2011Salazar, Leah Marie L. National University BSC Finance 2009Salinas, Ken T. FEU East Asia College BS ECE 2008Salinas, Kevin P. University of the East Manila BSA 2007Salonga, Michael John B. Holy Angel University BS IT 2010Salvador, Inna Cyril B. National University BSIT 2009Salvador, Lenna Maye Q. National University BS CE 2009Salvaña, Cherry D. Asia Pacific College BSA 2011Salva, Alvin S. Tarlac State University BS CE 2010Samaniego, Noemi R. Manuel S. Enverga University Foundation BSA 2011Sambon, Chricel Joy S. Notre Dame of Dadiangas University BSA 2011Samontañez, Axel Bob L. Cebu Institute of Technology BS CE 2011Samonte, Kenneth S. Holy Angel University BS ECE 2007Samosino, Jesus C. San Sebastian College Recoletos de Cavite BSA 2010Samosino,Jomelyn T. National University BSA 2011Samson, Albert Rey T. FEU East Asia College BSCS 2009San Juan, Jameirene Irish C. University of Batangas BSA 2011San Luis, Jr., Johnny Roy C. Manuel S Enverga University Foundation BSCS 2010Sanarez, Lennie Jane Rogationist College BEED 2010Sanchez, Joanna Hazel A. San Sebastian College Recoletos BSA 2008Sanchez, Lloyd L. FEU East Asia College BSCPE 2007Sandoval, Gary J. National University BSCS 2009Sandow, Cherwin M. Pamantasan ng Lungsod ng Marikina BSE 2008Sanopo, Cherry Ann P. Philippine Normal University GEN ED 2009Sansolis, Rachel Mae Joan N. Asia Pacific College BSA 2009Sante, Chenee Rose A. Manuel S Enverga University Foundation BSA 2009Santiago, Reneleen S. Far Eastern University BSA 2007Santillan, Felipe B. Notre Dame of Dadiangas University BS ME 2011Santillan, Ruemer Allan Q. National University BSED ENGLISH 2011Santos, Claire N. Pamantasan ng Lungsod ng Marikina BSBA Mgt. 2008Santos, Irell Carloe A Pamantasan ng Lungsod ng Maynila BSCOE 2009Santos, Justin Grace P. University of the East Manila BSA 2010Santos, Katrina G National University BSC Finance 2009Santos, Marizcielo G. Baliuag University BSA 2008Sarmiento Jr., Greg B. National University BS CE 2010Sarmiento, Maria Concepcion D. Bulacan State University BS ECE 2008Sarroza, Annie Ross D. University of the Philippines Visayas BSA 2010Sayson, John Elee G. University of Perpetual Help Biñan BSA 2010Seccion, Miarose S. Tarlac State University BSA 2010Sedigo, Jocell P. Xavier University BSA 2009Seechung, Iris Zerah University of Nueva Caceres BSA 2009Sengson, Maicha Camille D. Asia Pacific College BSA 2011Señorosa, Ivan Jasper I. University of the East Caloocan BS ACT 2009Sequitin, Camille Andrea B. Ateneo de Davao University BS CE 2011Sevilla, Reinnier Richard G. National University BSA 2011Simora, Michael B. FEU- East Asia College BS ECE 2011Sipalay, Kamille Samantha Tan D.G. Asia Pacific College BSCSIT IT 2009Sison, Julius Glenn G. Baliuag University BS COE 2008Socito, Sheena Marie G. National University BS ECE 2009Solon, Ulyses Jr. A. University of the Philippines Diliman BS Math 2008Sonajo, Camille S. University of the East Caloocan BS ACT 2009Sto. Domingo, Camille G. Philippine School of Business and Administration BSA 2009Sueta, Maylene A. National University BSC Finance 2009Sulit, Carolene Mae F. Batangas State University BS MA 2008Sumampong, Precious Ann D. Polytechnic University of the Philippines BSA 2010Sune, Philamer V. Asia Pacific College BS COE 2010Sunga, Ian Paul A. Holy Angel University BSA 2011Suyo, Joel Arnny M. First Asia Institute of Technology and Humanities BS MA 2010Sy, Dayanara D. Pamantasan ng Lungsod ng Maynila BSED English 2011Taban, Alvin Wesley T. Asia Pacific College BSA 2008Tabar, Charmaine L. University of San Carlos BSA 2011Tablatin, Zennia L. Asia Pacific College BSA 2008Tabocol, Kate Hope E. University of Perpetual Help System- Rizal BSED 2011Taburno, Jayrene V. University of Negros Occidental Recoletos BS CE 2010Tabuyog, Julieta D. West Visayas State University BEED 2008Taguchi, Mera B. University of Southeastern Philippines BS ECE 2011Tajima, Mika A. University of Saint La Salle BSE ENGLISH 2011Talines, Kalvin Kier A. Liceo De Cagayan University BSA 2007Tallad, Genelyn A. University of the Cordilleras BSED English 2009Tallon, Norielynn F. National University BSIT 2009Tamorade, Lyca L. Asia Pacific College BS ECE 2008Tampos, Clarissa P. National University BSC Finance 2009Tan, Marie Bernadette Y. Centro Escolar University BS Pharmacy 2010Tarantan, Jojet H. National University BS ECE 2008Tarongoy, Shem Rey P. National University BS ECE 2011Tayona, Marielle D. Philippine Normal University GEN ED 2009


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Tejada, Alyssa Grace T. National University BS IT 2011Teodoro, John Michael Vincent V. FEU- East Asia College BS CE 2011Teodoro, Mark Anthony G. FEU East Asia College BS EE 2010Teodosio Jr., Alvin Q. Central Philippine University BS ECE 2011Tibon, Sheila Vera Mae G. Far Eastern University BSA 2010Tiquio, Mark Anthony M. FEU East Asia College BS CE 2010Tobias, Inna Theresa T. National University BS ECE 2009Tolentino, Ralphy B. National University BS COE 2011Tolentino, Rezzie Maquelle A. National University BSC Management 2010Tolosa, Giselle V. National University BSA 2011Tomale, Jomer J. FEU- East Asia College BS CE 2011Tomale, Jovani S. Ateneo De Davao University BSA 2009Tordecilla, Malcolm John D. Rogationist College BS ECE 2009Torio, Sharmaine C. University of the East Manila BSA 2009Torres Jr., Rolando J. National University BS CE 2010Torres, April Rose G. University of Negros Occidental Recoletos BS ECE 2009Torres, Emerzon S. Bulacan State University BS CE 2010Torres, Jennifer M. Dela Salle Lipa University BSBA FM 2010Torres, Lenie Lyn P. University of the Assumption BSA 2009Torres, Mary Justine P. National University BSC Finance 2009Traje, Ella May G. Polytechnic University of the Philippines BSA 2010Trinidad, Angelou D. National University BSMA 2009Tuazon, Dexter S. Angeles University Foundation BEED 2008Tulabut, Rona Jemica O. Angeles University Foundation BEED 2008Turla, Marco Paolo A. Pamantasan ng Lungsod ng Maynila BSA 2011Ty, Kristine Leih S. Xavier University BSA 2010Umali, Jasmine Joy M. University of the Philippines Diliman BSBAA 2007Umali, Joseph C. Holy Angel University BSA 2011Umali, Raymond R. Tarlac State University BS ECE 2010Umil, Jamaica P. Pangasinan State University BS MATH 2011Untalan, Renz Patrick B. National University BS CE 2009Urgelles, Aira Mae W. National University BS ECE 2010Urgelles, Ma. Leah D. University of Perpetual Help System- Biñan BSA 2011Uson, Earvin Jun R. University of the East Caloocan BS ECE 2007Valdez, Princess M. National University BSIT 2009Valencia, Jannet A. University of Perpetual Help System- Biñan BSA 2011Valencia, Jaycel L. Lipa City College BSA 2008Valencia, Reina Joy A. University of Nueva Caceres BS ECE 2010Valencia, Rommel Victor S. Holy Angel University BSA 2007Valiente, Venus Mae G. Liceo De Cagayan University BSA 2008Valondo, Emerson G. Baliuag University BS EE 2009Velandres, Louise Anne T. Southern Luzon State University BS ECE 2008Velarde, Sir Eleazar D. University of the East Caloocan BSA 2011Velasco, Quenie A. Cavite State University BSE 2010Velasquez, Kimberly Mae P. University of the Philippines Diliman BSCS 2008Velasquez, Mary Jane D. University of San Agustin BS ACT 2010Ventenilla, Liberty B. Lyceum Northern Luzon BSA 2008Ventura, Melvin L. First Asia Institute of Technology and Humanities BS ECE 2010Venzon, Jessica P. Holy Angel University BSA 2010Vergara III, Ferdinand P. National University BS CE 2010Verona, Zarah Lyn S. Pamantasan ng Lungsod ng Maynila BSA 2009Victoria, Menzie Anne D. Asia Pacific College BSCSIT SSE 2008Villamil Jr., Carlos M. Liceo De Cagayan University BS COE 2010Villanueva, Jeff Paulo Q. University of the Philippines Diliman BS CE 2007Villanueva, Jessica National University BS CE 2010Villanueva, Kaiser L. FEU East Asia College BS CE 2007Villanueva, Reylan A. San Sebastian College Recoletos de Cavite BS ECE 2009Villanueva, Vergel T. University of the Philippines Diliman BS ECE 2010Villareal, Jeremiah T. National University BSC Management 2010Villegas, John Mark N. Baliuag University BSA 2010Viñas, Irene C. National University BSC Finance 2009Vinta, Alvin S. National University BSIT 2009Vinuya, Sarah May P. University of the East Manila BSA 2007Viray, Rachelle T. University of Perpetual Help Rizal BSA 2008Viriña, Rosemarie B. Laguna College of Business and Arts BSCS 2010Wakata, Amon A. San Sebastian College Recoletos BSA 2011Wasing, Fatima M. Saint Louis University BSA 2008Wong, James Matthew D. Asia Pacific College BS ECE 2010Yadao, Marichris R. Pangasinan State University BS IT 2010Yago, Adrian C. FEU East Asia College BSCPE 2008Yañez, Dorothy Joy L. Xavier University BSA 2011Ybañez, Joshua E. Cebu Institute of Technology BS ECE 2007Ycot, Teofrenz A. Cebu Institute of Technology BS ECE 2010Yutuc, Vladimir John P. National University BS ME 2009Yu, Yancy S. University of Negros Occidental Recoletos BSA 2011Zabaljauregui, Mikah C. Asia Pacific College BS ECE 2007Zafe, Brandy Braddock N. Pamantasan ng Lungsod ng Maynila GEN ED 2008Zamudio, Julius Anthony U. University of Nueva Caceres BSIT 2009Zapanta, Cedrick S. Asia Pacific College BSA 2009Zapanta, Harris B. National University BSC Management 2010Zapanta, Jesika Anne O. Holy Angel University BSA 2008Zapanta, Kheven G. FEU- East Asia College BS ECE 2011Zoleta, Shem Israel A. Southern Luzon State University BE 2010Zozobrado, Jessel Jane M. Cebu Institute of Technology BSCS 2011


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INDEPENDENT AUDITORS’ REPORTSM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

The Board of TrusteesSM Foundation, Inc.

Report on the Financial Statements

We have audited the accompanying financial statements of SM Foundation, Inc., which comprise the statements of assets, liabilities, members’ equity and fund balance as at December 31, 2011 and 2010, and the statements of comprehensive income, statements of changes in members’ equity and fund balance and statements of cash flows for the years then ended, and a summary of significant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with Philippine Financial Reporting Standards for Small and Medium-sized Entities, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with Philippine Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements present fairly, in all material respects, the financial position of SM Foundation, Inc. as at December 31, 2011 and 2010, and its financial performance and its cash flows for the years then ended in accordance with Philippine Financial Reporting Standards for Small and Medium-sized Entities.

Report on the Supplementary Information Required Under Revenue Regulations 19-2011 and 15-2010

The supplementary information under Revenue Regulations 19-2011 and 15-2010 for purposes of filing with the Bureau of Internal Revenue is presented by the management of SM Foundation, Inc. in a separate schedule. Revenue Regulations 19-2011 and 15-2010 require the information to be presented in the notes to financial statements. Such information is not a required part of the basic financial statements. The information is also not required by Securities Regulation Code Rule 68. Our opinion on the basic financial statements is not affected by the presentation of the information in a separate schedule.

SYCIP GORRES VELAYO & CO.

Belinda T. Beng HuiPartnerCPA Certificate No. 88823SEC Accreditation No. 0943-A (Group A),

March 18, 2010, valid until March 17, 2013Tax Identification No. 153-978-243BIR Accreditation No. 08-001998-78-2009,

September 30, 2009, valid until September 29, 2012PTR No. 3174580, January 2, 2012, Makati City

March 12, 2012

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STATEMENTS OF ASSETS, LIABILITIES, MEMBERS’ EQUITY AND FUND BALANCESM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

December 312011 2010

ASSETS

Current AssetsCash and cash equivalents (Note 4) P112,222,456 P69,550,710Receivables and other current assets (Note 5) 7,064,398 696,503

Total Current Assets 119,286,854 70,247,213

Noncurrent AssetsProperty and equipment - net (Note 6) 27,882,322 27,988,065Pension asset (Note 10) 1,658,268 1,424,794Other noncurrent asset (Note 5) – 2,500,000

Total Noncurrent Assets 29,540,590 31,912,859

P148,827,444 P102,160,072

LIABILITIES, MEMBERS’ EQUITY AND FUND BALANCE

Current LiabilitiesAccounts payable and other current liabilities (Note 7) P16,156,178 P17,099,969

Members’ Equity and Fund BalanceMembers’ equity 7,000 7,000Fund balance 132,664,266 85,053,103

Total Members’ Equity and Fund Balance 132,671,266 85,060,103

P148,827,444 P102,160,072

See accompanying Notes to Financial Statements.

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STATEMENTS OF CHANGES IN MEMBERS’ EQUITY AND FUND BALANCESM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

STATEMENTS OF COMPREHENSIVE INCOMESM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

Years Ended December 312011 2010

FUNDS GENERATEDDonations (Note 9) P153,888,821 P39,951,090Interest income (Notes 4 and 5) 1,940,588 4,589,908Others (Note 9) 359,065 4,144

156,188,474 44,545,142

EXPENDITURESScholarship grants (Note 8) 47,805,388 47,160,770Donations and contributions (Note 8) 28,294,828 37,979,610Salaries and wages 7,516,384 6,170,920Stationery and supplies 6,360,397 8,152,338Repairs and maintenance 5,714,394 1,904,957Professional fee 3,802,331 3,335,631Transportation and travel 3,158,753 2,043,040Entertainment, amusement and recreation 1,692,876 1,513,955Pension expense (Note 10) 804,537 492,973Advertising and promotion 798,445 515,488Janitorial and messengerial fees 378,752 291,480SSS and Philhealth contributions 351,200 327,265Rent 342,264 367,116Depreciation (Note 6) 253,863 232,882Others 1,302,899 1,360,305

108,577,311 111,848,730

EXCESS (DEFICIENCY) OF FUNDS GENERATED OVER EXPENDITURES P47,611,163 (P67,303,588)



MEMBERS’ EQUITY P7,000 P7,000

FUND BALANCEBalance at beginning of year 85,053,103 152,356,691Excess (deficiency) of funds generated over expenditures 47,611,163 (67,303,588)Balance at end of year 132,664,266 85,053,103

P132,671,266 P85,060,103


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STATEMENTS OF CASH FLOWSSM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)


CASH FLOWS FROM OPERATING ACTIVITIESExcess (deficiency) of funds generated over expenditures P47,611,163 (P67,303,588)Adjustments for: Interest income (Notes 4 and 5) (1,940,588) (4,589,908) Depreciation (Note 6) 253,863 232,882Funds generated (used) before working capital changes 45,924,438 (71,660,614)Decrease (increase) in: Receivables and other current assets (Note 5) (3,689,299) 119,323 Pension asset (Note 10) (233,474) (520,303)Increase (decrease) in accounts payable and other current liabilities (943,791) 5,417,240Cash generated from (used in) operations 41,057,874 (66,644,354)Interest received 1,761,992 4,379,923Net cash provided by (used in) operating activities 42,819,866 (62,264,431)

CASH FLOWS FROM INVESTING ACTIVITYAdditions to property and equipment (Note 6) (148,120) (213,125)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 42,671,746 (62,477,556)

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 69,550,710 132,028,266

CASH AND CASH EQUIVALENTS AT END OF YEAR P112,222,456 P69,550,710


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NOTES TO FINANCIAL STATEMENTSSM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

1. General Information

SM Foundation, Inc. (the Foundation) is incorporated in the Philippines on March 24, 1983. Its registered office address is SM Corporate Offices, Building B, J.W. Diokno Boulevard, Mall of Asia Complex, Pasay City 1300.

The Foundation is a nonstock, nonprofit corporation created for the purpose of promoting social, cultural, educational and the general well-being and economic development of the Filipino people and to provide assistance, scholarship, endowments or otherwise establish facilities for the study, education and training of the youth for them to become useful members of the society.

The Foundation is accredited by the Philippine Council for NGO Certification as a registered donee institution in accordance with the provisions of Revenue Regulation No. 13-98 at which donations received shall entitle the donor to full or limited deduction pursuant to Section 34(H) (1) or (2) and exemption from donor’s tax pursuant to Section 101 (A) (3) of the National Internal Revenue Code (NIRC). The Foundation renewed its accreditation for a period of five years from August 6, 2010.

The Foundation is exempt from payment of income tax under the provisions of Section 30 (e) of the NIRC. However, income of whatever kind and character of the Foundation from any other properties, real or personal or from any of its activities conducted for profit, regardless of the disposition of such income, shall be subjected to tax imposed under the NIRC.

The accompanying financial statements were authorized for issue by the Board of Trustees (the Board) on March 12, 2012.

2. Basis of Preparation, Statement of Compliance and Significant Accounting Policies

Basis of Preparation The financial statements of the Foundation have been prepared under the historical cost basis. The financial statements are presented in Philippine peso, which is

the Foundation’s functional and presentation currency. Amounts are rounded off to the nearest peso, except when otherwise indicated.

Statement of Compliance The financial statements have been prepared in accordance with the Philippine Financial Reporting Standards (PFRS) for Small and Medium-sized Entities (SMEs).

Cash and Cash Equivalents Cash pertains to cash on hand and in banks. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash with

original maturities of three months or less from dates of acquisition and that are subject to an insignificant risk of change in value.

Receivables and Other Current Assets Receivables and other current assets are recognized at face value less any allowance for uncollectible amounts. A provision is made when there is objective evidence

that the Foundation will not be able to collect the receivables.

Property and Equipment Property and equipment, except land, is stated at cost less accumulated depreciation and any accumulated impairment in value. Such cost includes the cost of

replacing part of the property and equipment at the time that cost is incurred, if the recognition criteria are met, and excludes the costs of day-to-day servicing. Land is stated at cost less any impairment in value.

The initial cost of property and equipment consists of its purchase price, including import duties, taxes and any directly attributable costs necessary in bringing the asset to its working condition and location for its intended use. When each major inspection is performed, its cost is recognized in the carrying amount of the property and equipment as a replacement if the recognition criteria are satisfied. Expenditures incurred after the item has been put into operation, such as repairs, maintenance and overhaul costs, are normally recognized as expense in the period such costs are incurred. In situations where it can be clearly demonstrated that the expenditures have improved the condition of the asset beyond the originally assessed standard of performance, the expenditures are capitalized as additional cost of property and equipment.

Depreciation is computed using the straight-line method over the following estimated useful lives of the assets:

Transportation equipment 10 yearsFurniture and fixtures 5 years

The residual values, useful lives and method of depreciation and amortization of the assets are reviewed and adjusted, if appropriate, at each financial year-end.

Fully depreciated assets are retained in the accounts until they are no longer in use and no further depreciation and amortization is credited or charged to current operations. An item of property and equipment is derecognized when either it has been disposed or when it is permanently withdrawn from use and no future economic benefits are expected from its use or disposal. Any gains or losses arising on the retirement and disposal of an item of property and equipment are recognized in the statements of comprehensive income in the period of retirement or disposal.

Asset Impairment At each reporting date, property and equipment are reviewed to determine whether there is any indication that those assets suffered an impairment loss. If there is

an indication of possible impairment, the recoverable amount of any affected asset (or group of related assets) is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognized immediately in the statement of comprehensive income.

If impairment loss subsequently reverses, the carrying amount of the asset (or group of assets) is increased to the revised estimate of recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognized for the asset (or group of assets) in prior years. A reversal of impairment loss is recognized immediately in the statement of comprehensive income.

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Accounts Payable and Accrued Expenses Accounts payable and accrued expenses are obligations incurred in the ordinary course of business, which are based on normal credit terms and do not bear

interest.

Revenue Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Foundation and the revenue can be reliably measured. The

following specific recognition criteria must also be met before revenue is recognized:

Donations. Donation income is recognized when the Foundation’s right to receive the donation is established, which in most cases, is upon receipt of the donation from donors.

Interest. Revenue is recognized as the interest accrues, taking into account the effective yield on the asset.

Expenditures The expenditures might be for a significant long-term asset, a short-term asset, a reduction in a liability, or for an immediate expense. Expenditures are recognized

as incurred.

Pension Expense The Foundation is a participant to the SM Corporate and Management Companies Multi-employer Retirement Plan. The Plan is a funded, noncontributory

defined benefit pension plan administered by the Board covering all regular full-time employees. The cost of providing benefits under the defined benefit plan is determined using the projected unit credit actuarial valuation method. Retirement expense includes current service cost, interest cost, expected return on plan assets, amortization of any unrecognized past service costs, recognition of any actuarial gains or losses, and effect of any curtailments or settlements. Past service cost is amortized over a period until the benefits become vested. Actuarial gain or loss is recognized in full in the statements of comprehensive income.

The amount recognized as defined benefit liability or asset is the net of the present value of the defined benefit obligation at the reporting date, minus past service cost not recognized minus the fair value at the reporting date of plan assets out of which the obligations are to be settled directly. Actuarial valuations are made with sufficient regularity that the amounts recognized in the Foundation’s financial statements do not differ materially from the amounts that would be determined at the reporting date.

Provisions Provisions are recognized when the Foundation has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources

embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.

Contingencies Contingent liabilities are not recognized in the financial statements but are disclosed in the notes to financial statements unless the possibility of an outflow of

resources embodying economic benefit is remote. Contingent assets are not recognized in the financial statements but are disclosed in the notes to financial statements when inflows of economic benefits are probable.

Events after the Reporting Period Post year-end events that provide additional information about the Foundation’s financial position at reporting period (adjusting events) are reflected in the financial

statements. Post year-end events that are not adjusting events are disclosed in the notes to financial statements when material.

3. Significant Accounting Judgments, Estimates and Assumptions

Judgments Management makes judgments in the process of applying the Foundation’s accounting policies. The Foundation does not have significant judgments on the

reported amounts in the financial statements as at and for the years ended in 2011 and 2010.

Estimates The key sources of estimation uncertainty at the reporting date that have significant risks of causing material adjustments to the carrying amounts of assets and

liabilities within the next financial year are discussed below:

Estimated Useful Lives and Impairment of Property and Equipment. The useful life of each of the Foundation’s property and equipment is estimated based on the period over which the asset is expected to be available for use. Such estimation is based on a collective assessment of industry practice, internal technical evaluation and experience with similar assets. The estimated useful life of each asset is reviewed periodically and updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limitations on the use of the asset. It is possible, however, that future financial performance could be materially affected by changes in the amounts and timing of recorded expenses brought about by changes in the factors mentioned above. A reduction in the estimated useful life of any property and equipment would increase the recorded expenditures and decrease noncurrent assets. On the other hand, the Foundation assesses impairment on its property and equipment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The factors that the Foundation considers important which could trigger an impairment review include significant underperformance relative to expected historical or projected future operating results and significant changes in the manner of use of the acquired assets or the strategy for overall business.

No changes in the useful life were made and no impairment loss was recognized in 2011 and 2010 for property and equipment.

Provision for Pension Expense. The determination of the pension asset and pension expense is dependent on the selection of certain assumptions by management. Those assumptions used in the calculation of pension expense are described in Note 10 of the financial statements.

As at December 31, 2011 and 2010, the Foundation’s pension assets amounted to P1.7 million and P1.4 million, respectively, while pension expense amounted to P0.8 million and P0.5 million, respectively (see Note 10).

4. Cash and Cash Equivalents

This account consists of:

2011 2010Cash on hand and in banks P14,017,086 P8,227,704Short-term investments 98,205,370 61,323,006

P112,222,456 P69,550,710

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Cash in banks earn interest at the respective bank deposit rates. Short-term investments are made for varying periods of up to three months depending on the immediate cash requirements of the Foundation, and earn interest at the respective short-term investment rates.

Interest income amounted to P1.8 million and P4.4 million in 2011 and 2010, respectively.

5. Receivables and Other Current Assets


2011 2010Due from affiliates (see Note 9) P3,781,503 P–Accrued interest receivable 388,580 209,984Receivables from employees and others 330,415 422,619

4,500,498 632,603Other current assets 2,563,900 63,900

P7,064,398 P696,503

In September 2009, the Foundation entered into a Memorandum of Understanding with Center for Agriculture and Rural Development (CARD) Inc., to provide for financial support in terms of revolving fund and logistics to CARD to underwrite its microfinance operations in the barangays of Bulihan, Calayo, Looc and Papaya of Nasugbu, Batangas.

The Foundation advanced P2.5 million to CARD which earns a fixed annual interest of 6.0% and is due in September 2012. The amount of advances to CARD was recorded as noncurrent assets in 2010 and was accordingly classified as part of receivables and other current assets in 2011. Interest income amounted to P0.1 million in 2011 and P0.2 million in 2010.

6. Property and Equipment


2011Land and Land Improvements

Fixtures and Equipment Total

Cost:Balance at beginning of year P32,314,867 P2,362,230 P34,677,097Additions – 148,120 148,120Balance at end of year 32,314,867 2,510,350 34,825,217

Accumulated depreciation:Balance at beginning of year 5,198,476 1,490,556 6,689,032Additions – 253,863 253,863Balance at end of year 5,198,476 1,744,419 6,942,895

Net book value P27,116,391 P765,931 P27,882,322

7. Accounts Payable and Other Current Liabilities


2011 2010Donations payable P9,273,563 P7,084,415Nontrade 4,400,587 7,031,712Accrued expenses 1,991,243 1,912,213Payable to government agencies 148,404 186,462Others 342,381 885,167

P16,156,178 P17,099,969

Terms and conditions of the above financial liabilities follow:

• Donations payable pertains to restricted donations, received by the Foundation for specific beneficiaries, which are expected to be settled within the next financial year.

• Nontrade payables pertain to unpaid donation expenses, incurred by the Foundation in relation to its charitable works, which are normally settled within 12 months from the reporting date.

• Accrued expenses pertain to accrued and unpaid general and administrative expenses which are noninterest-bearing and are normally settled on a 30 to 60 days’ term.

• Payable to government agencies mainly consists of withholding taxes payable which are normally settled within the next financial year.

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8. Projects

Brief descriptions of the Foundation’s projects are as follows:

The Foundation has evolved from solely philanthropic acts to sustainable programs empowering individuals and communities. These programs are carried out along its philosophy, “People helping people”.

Education Program

• The SM College Scholarship Program was opened in 1993 with the objective to send financially-challenged but deserving public high school graduates to college. The scholarship package includes free tuition and matriculation fees and monthly stipend. There are now 1,068 college scholars enrolled in 81 colleges and universities nationwide. The Foundation counts 1,300 graduates who have joined the mainstream as professionals in their chosen fields. This scholarship program has attracted 28 private individuals and business to adopt 153 scholars.

• In 2011, the Foundation signed a new Memorandum of Agreement with Kabayan Foundation to manage the search for TOPS (Ten Outstanding Public High Schools).

• The Tech-Voc Scholarship Program was established in 2007 to equip out-of-school youth with special skills to increase their chance of employment. Since then, the program has produced 114 graduates. The current enrolment in this program numbers are 130.

• The School Building program is in response to the appeal of the Department of Education to the private sector to help address the congested classroom condition in the public schools. The Foundation constructed the first five single-storey two-classroom school buildings in Iloilo in 2002, thus, paving the way for more SM school buildings in Antipolo, Bacolod, Baguio, Batangas, Bulacan, Cagayan de Oro, Cavite, Davao, Lucena, Naga, NCR, Pampanga, Quezon, Taguig, and Taytay.

• In 2011, a total of six school buildings with 17 classrooms were donated to schools in Taguig, Antipolo, Bulacan, Pampanga, Cavite, and NCR. To date, in cooperation with the Adopt-A-School Program of the Department of Education, the Foundation’s School Building Program has donated 40 school buildings with a total of 97 classrooms to the public school. One two-storey three-classroom school building was donated to a Technical High School in Pampanga. Two companies, Deutsche Bank AG Group and GFK Asia Pte Ltd. and a private banker, Stephen CuUnjieng have partnered with the program in donating a total of eight public school buildings with 30 classrooms.

• A partnership with PBSP (Philippines Business for Social Progress) and the Smart Schools Program of Smart Communications resulted to internet connectivity in seven public high schools and two public elementary schools located in Baguio, Bulacan, Cavite, Naga, NCR, Pampanga, and Taytay.

Health and Medical Program

• The “Gamot Para Sa Kapwa” Program, which started in 2002, conducts medical missions within the vicinity of SM malls. With well-equipped SM mobile clinics, X-ray and regular laboratory medical tests are administered on indigent patients for free. Medical lectures in preventing and managing diseases are also conducted to increase social awareness. In 2011, 85 medical missions which benefited 77,865 patients were administered. Operating for nine years, the program counts a total of 644 medical missions which benefited 505,190 patients. These medical missions are being done in partnership with various government agencies such as the Department of Health, Philippine National Red Cross (PNRC), Department of Social Welfare and Development (DSWD), Local Government Units (LGUs), NGOs and various medical and dental societies, as well as private institutions.

• The Foundation has pioneered the establishment of Felicidad T. Sy (FTS) Wellness Centers in 2002, which involves the renovation, refurbishment and enhancement of identified structures in Government Hospitals. This intends to serve dedicated sectors, such as children, elderly, terminally ill, soldiers and persons with disabilities. The program aims to provide a therapeutic environment within the hospital, where patients can momentarily forget their pain and suffering. Their families can also enjoy a well-deserved break from the emotionally draining chore of caring for them from the use of such facilities. With the center’s patient-friendly approach, it is likewise hoped that patient’s fears and apprehensions of doctors and hospitals are eased, if not totally dispelled. As of December 31, 2011, there are 37 Wellness Centers for Children, 14 Wellness Center for the Elderly, 8 Hospice Units, and 7 Health Centers and 3 Soldier’s Wards.

• The Foundation also provides medical assistance to financially-constrained individuals, which involve providing financial supports for special medical cases through the “Kapwa Ko, Mahal Ko Foundation.”

Mall-based Outreach Programs

• The Foundation partners with the SM Malls to provide a year-round venue for mall shoppers, tenants, service providers, suppliers and individuals to make their donations, in partnership with the DSWD.

• Share-Your-Extras, which started in 1998 and is conducted every first quarter of the year, collects slightly used but wearable clothes, shoes, beddings, linens, household items, furnishings and related supplies. In 2011, the program distributed sorted items to 10,784 families or 64,704 individuals. As of December 31, 2011, a total of 169,512 families or 1,107,072 individuals were served. Other project partners are Caritas Manila, National Secretariat for Social Action, Philippine Information Agency (PIA), SM Cares, Children International Philippines, Inc., GMA Regional TV and Provincial Media Networks.

• In 1999, the Foundation started its Donate-A-Book Project to augment the book shortage in public schools. The program aims to instill an appreciation for reading among students through the collection of new and used but readable books. The campaign for book donations is conducted every second quarter of the year for distribution before the school year starts. A total of 183,405 books were donated to 1,238 public schools, reading centers and Day Care Centers in 2011. As of December 31, 2011, more than 3 billion books reached 18,009 public schools, reading centers and Day Care Centers. Other project partners are Bato-Balani Foundation, Children International (CI Phil.), Adarna House, National Book Development Board, PIA, GMA & Network TV, Local Media Partners, Hapee Toothpaste, Sesame Street, Click Licensing Asia, Samsung and various Publishing companies.

• Share-A-Toy, Make a Child Happy Program was launched in 1998 with the objective of bringing indigent children and orphans to the malls for a first time Christmas experience.The children are treated to a Christmas party, complete with gifts of toys and participation in games. Toys are delivered to children in selected communities, as well as to those confined in government hospitals. In 2011, 11 mall tours were conducted to bring cheers to 10,553 children, bringing its total mall tours to 121 which benefitted a total of 124,839 children as of December 31, 2011. Other project partners are Toy Kingdom, Philippine Information Agency, Nickelodeon, CI Phil., SM Cares, Honey Barn Marketing, Inc., and GMA TV Network.

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Livelihood and Outreach Program

• The Livelihood and Outreach Programs aim to empower the marginalized sector by providing modern technological and skills development trainings leading to sustainable livelihood opportunities and market linkages. Parallel to trainings is an emphasis on the biological importance of the environment.

• The “Kabalikat sa Kabuhayan Farmers Training Program”, which started in August, 2007 is a 12 week hands-on and technology training on high value crops, fruits and vegetables. This program is conducted in partnership with Harbest Agribusiness Corporation, in cooperation with the Department of Agriculture (DA), LGUs and NGOs. As of December 31, 2011, the Foundation has conducted 35 trainings in 19 provinces, benefiting 4,176 farmers.

• The Foundation raises the bar in community development in Nasugbu, Batangas by engaging neighboring communities to various livelihood endeavors.

Free-range Chicken. Farmers are taught raising organic chicken through locally available feeds such as grains, vegetables and fruits to attain a unique flavor similar to native chickens. The projects has benefited 89 families as of December 31, 2011.

Hog-raising and Carabao-dispersal. The Foundation implements the “litter-sow-dispersal” system of the Department of Agriculture, wherein it provides the first sow as a starting point for its beneficiaries. To maintain the continuity of the program, one piglet for every three piglets born or the first born calf is returned to the Foundation for distribution to the next recipient. This project has 66 beneficiaries as of December 31, 2011.

Backyard Farming. The Foundation seeks to primarily eliminate hunger in the area by teaching high value crop farming so that locals can harvest enough to meet their daily requirements and sell the rest to take care of the basic households needs.

Skills Training Center. The opening of the Skills Training Center provides a more sustainable livelihood opportunity through formal trainings based on the beneficiaries’ interests. The 45-day Specialized Hospitality Skills Training program is in partnership with Taal Vista Hotel, which provides the technical and on the job in-house training program; TESDA for the modular guidelines and assessment; Costa del Hamilo, Inc. (CDHI), Pico de Loro Beach and Country Club and Hotel Specialist (Pico de Loro), Inc. for possible employment. There were 47 graduates who are now gainfully employed by the four companies while the remaining 13 graduates chose to work in Metro Manila and nearby provinces. There were 23 participants who trained in tailoring and dress making who are now supplying their barangay uniforms and CDHI’s sewing requirements. A total of 15 graduates of candle-making skills training currently have their own business. Out of the 75 “Isang Gunting Isang Kulot” graduates, 68 are applying their newly acquired skills in their barangays while the remaining seven were absorbed by our partner, Fil-hair Foundation.

Tree Planting and Mangrove Reforestation. Tree Planting and Mangrove Reforestation Program aims to mitigate the alarming loss of trees and mangroves in Batangas. It engaged the fisher folks and the youth of the community to plan mangroves in two barangays, thus providing a natural habitat to marine life, as well as reducing soil erosion. As of 2011, 30,000 trees and mangroves have been planted.

Constructions. The Foundation constructed day care centers in the area and continues to subsidize the operations of the said facilities. Basketball courts were also constructed in the communities.

9. Related Party Disclosures

Parties are considered to be related if one party has the ability, directly and indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control. Affiliates refer to entities which the members of the Foundation have common control.

Due from Affiliates The Foundation regularly solicits donations from the various companies under the SM Group to support its operations and fund its various projects. As at

December 31, 2011, the Foundation recognized donation receivable from SM Development Corporation (SMDC) amounting to P3.8 million for the latter’s pledged donation.

Property and Equipment Land owned by the Foundation is being leased out to Asia Pacific Computer Technology Center, Inc., an affiliate, without charge, as part of its educational

program.

Other Income In 2010, the Foundation, along with SM Prime Holdings, Inc. and subsidiaries (SM Prime) and Deutsche Bank AG Manila Branch (Deutsche Bank) (collectively referred

to as “Donors”) entered into a school building project agreement with D. Tuazon Elementary School whereby by the Donors pledged to construct a two-storey four classroom school building. In 2011, the construction of the school building was completed. Subsequently, SM Prime and Deutsche Bank reimbursed the Foundation for the costs it incurred in overseeing the construction of the building amounting to P0.4 million which is presented in “Others” account under “Funds generated” in the statements of comprehensive income.

Donations The Foundation received donations from the following related parties:

Related Party Relationship 2011 2010SM Prime and subsidiary Affiliate P48,680,000 P20,295,182SM Investments Corporation Affiliate 48,610,000 – SM Retail, Inc. and subsidiaries Affiliate 25,979,041 7,539,543SM Development Corporation Affiliate 15,105,000 2,000,000

P138,374,041 P29,834,725

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10. Pension Benefits

The following tables summarize the components of the Foundation’s net benefit expense, as included in the statements of comprehensive income, and the funded status and amounts recognized in the statements of assets, liabilities, members’ equity and fund balance for the plan. These amounts were based on the assumptions from the Foundation’s actuarial valuation report in 2011.

Pension Expense

2011 2010Net actuarial loss recognized in the year P503,149 P466,603Current service cost 398,760 176,904Expected return on plan assets (295,387) (194,920) Interest cost 212,941 160,185Effect of asset limit (14,926) (115,799)Pension expense P804,537 P492,973

Actual return on plan assets P388,188 P648,811

Pension Asset

2011 2010Fair value of plan assets P5,830,318 P4,404,119Present value of defined benefit obligation (3,892,905) (2,685,254)Funded obligation 1,937,413 1,718,865Amount not recognized due to asset limit (279,145) (294,071)Pension asset P1,658,268 P1,424,794

Changes in the Present Value of the Defined Benefit Obligation

2011 2010Defined benefit obligation at beginning of period P2,685,254 P1,427,671Actuarial loss on obligation 595,950 920,494Current service cost 398,760 176,904Interest cost 212,941 160,185Defined benefit obligation at end of year P3,892,905 P2,685,254

Changes in the Fair Value of Plan Assets

2011 2010Fair value of plan assets at beginning of period P4,404,119 P2,742,032Contributions 1,038,011 1,013,276Expected return on plan assets 295,387 194,920Actuarial gain 92,801 453,891Fair value of plan assets at end of year P5,830,318 P4,404,119

The principal assumptions used in determining pension obligations for the Foundation’s plan are shown below:

2011 2010Discount rate 7% 8%Expected rate of return on plan assets 6% 6%Future salary rate increases 10% 11%

The major categories of plan assets as a percentage of the fair value of plan assets consist of the following investments:

2011 2010Government securities 52% 51%Common trust fund 33% 37%Time deposits 4% 6%Shares of stocks 4% 3%Cash and cash equivalents 4% 2%Others 3% 1%

The overall expected rate of return on plan assets is determined based on the market prices prevailing on that date, applicable to the period within the obligation is to be settled.

The Foundation expects to contribute P1.05 million in its defined benefit pension plan in 2012.

11. Supplementary Information Required Under Revenue Regulations 19-2011 and 15-2010

The Bureau of Internal Revenue has issued RR 19-2011 and 15-2010 which requires certain tax information to be disclosed in the notes to financial statements. The Foundation presented the required supplementary information as a separate schedule attached to its annual income tax return.

MEDICAL MISSIONSWELLNESS CENTERS

HEALTH ADVOCACY

• 644 Medical Missions • Served 505,190 Patients• 69 Felicidad Sy Wellness Centers and 8 Hospice Centers• 3 Heroes Ward-AFP Medical Center• Children’s Activity Center-Air Force General Hospital

LIVELIHOOD ADVOCACY

Kabalikat sa KabuhayanFarmers Training

Livelihood ProgramsEnvironmental Programs


• Php1.18 Million Worth of Medicines from Gamot Para sa Kapwa• 18 Mall Tours of Make-A-Child Happy for 8,866 Children• 197,515 Books from Donate-A-Book Project• 14,484 Families Served of Share your Extras

COLLEGE SCHOLARSHIPPUBLIC SCHOOL BUILDINGS

EDUCATION ADVOCACY

• 1,300 SM Scholar-Graduates• 1,068 College Scholars and 130 Tech-Voc Scholars • 41 School Buildings & Internet Connection in 9 Schools

V I S I O N . L E A D E R S H I P . I N N O V A T I O N . F O C U S . H A R D W O R K . I N T E G R I T Y . P R U D E N C E .

SM Foundat ion , I nc.SM Corporate Offices Building B

J.W. Diokno Boulevard, Mall of Asia ComplexCBP-1A, Pasay City, 1300 Philippines

Tel. No. (632) 831-8000 locals 1494-1499, 1483-1485Telefax No.: (632) 831-8282

Email: [email protected]: www.sm-foundation.org

• 37 Kabalikat sa Kabuhayan Farmers Training Program with 4,100 Graduates• 31,000 Trees Planted in Nasugbu, Batangas• Construction of 3 Day Care Centers and a Basketball Court• 141 Beneficiaries of Sustainable Animal Dispersal Program• 175 out of school youth trained in dressmaking, candle making, hair culture, and hospitality skills

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SM FOUNDATION, INC. 2011 ANNUAL REPORT

A n n u a l R e p o rt 2 0 1 1

Creating Value at All Times

In just over five decades, SM as a company has grown from a mere shoe store to become one of the Philippines’ largest conglomerates. As a brand, SM has evolved into a household name earned in time by continuing to serve and deliver the best value products and services, to fulfill aspirations, and to provide a better life for its millions of customers. Behind such growth and wide recognition is the vision, the leadership, prudent use of resources, innovation and dedication of the men and women within the whole SM organization. Their focused intent creates value at all times in businesses that they know best to operate. Such value is backed by hard assets consisting of stores, malls, banks, homes, commercial buildings, and tourist destinations that bear the mark of product quality and service excellence. Behind such value too is the heart that cares for its customers, communities and its environment through SM Foundation to ensure sustainable growth and progress. Moving forward, expect greater value

to be created, because SM is determined to serve millions more.

SM FOUNDATION, INC. Creating Value at All Times

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