Sustaining a legacy

Published June 30, 2020, 1:05 AM

by manilabulletin_admin

By Loreto Cabañes

Almost all business conglomerates vin the country have set upb their own foundations to implement their corporate social responsibility (CSR) projects. Indeed, these big companies embark on big social undertakings touching on the buzzwords of education, environment, health care, livelihood, and even arts and culture.

Aside from their corporate foundations, the founders of these evergrowing conglomerates have also established separate but complementary foundations in their names to ensure the legacy they are leaving
behind will be cherished and continue to inspire future generations.

As a non-profit corporation or a charitable trust, a foundation is a vehicle that makes grants to organizations,
institutions, or individuals for charitable purposes. As one tycoon puts it: “It’s giving back to society
what society has given us.”

For this special feature, the most notables are: SM Foundation, Gokongwei Brothers Foundation, Lucio
Tan’s Than Yan Kee Foundation, Lopez Group, Aboitiz