Corporate Resources for Local Development in the Philippines: The Jaime V. Ongpin Foundation, Inc.
By Ernesto Garilao & Gil Tuparan | August 2003 | View Full Text | Email Link

Abstract

Towards the end of its foundation period between 1986-1990, The Jaime V. Ongpin Foundation, Inc. redirected its services from projects to programs and promoted cooperatives and municipal and provincial federations as structures to spearhead a wider range of development in its areas of operations. It also enhanced its networking, forging partnerships and working agreements with various government agencies and non-governmental entities.

Three collective strategies discussed have been important mechanisms in the building of JVOFI's endowment: a) using loan reflows b) generating a fund surplus c) implementing new projects with resource organizations. This document discusses ways of managing and using the endowment fund, challenges in building and managing the endowment, successes and limiting factors, and key lessons learned from the case of JVOFI.

The following can be seen as key lessons learned regarding how the building and growth of an endowment can be a successful approach to building a foundation's financial sustainability (and particularly a corporate foundation's sustainability): 1) Ensure some independence from the mother company 2) Adopt a business approach to social development 3) Leverage limited resources with co-financing resource partners and 5) Organizational sustainability should be an institutional value.

This paper is part of the collection Financing Development in Southeast Asia: Opportunities for Collaboration and Sustainability produced with support from the Sasakawa Peace Foundation.

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Partnership & Collaboration | Partnership Case Studies | Philanthropic Actors & Issues | Business Philanthropy & Social Investment | Foundation Start-Up | Resource Mobilization | Foundation & Philanthropy Case Studies | The Philippines | Southeast Asia