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Manila Bulletin devider Sports devider POC incentive trust fund gains full support

POC incentive trust fund gains full support

Published Jul 12, 2022 01:40 pm
bambol tolentino
POC President Bambol Tolentino

Principal partners have pledged full support to the Philippine Olympic Committee’s (POC) special incentive trust fund for medalist athletes.

POC President Bambol Tolentino thanked Ramon S. Ang and San Miguel Corp. (SMC), as well as Manny V. Pangilinan and his MVP Sports Foundation, Smart and PLDT for committing to the trust fund, a first of its kind in Philippine sports.

A third major benefactor, Charlie Gonzales’s Ulticon Builders Inc., has also committed its support to the trust fund which will complement the law-mandated incentive program to medalist athletes and coaches from the government through the Philippine Sports Commission.

Tolentino said the trust fund serves as a motivation for athletes who will compete in the 32nd Southeast Asian Games in Cambodia and the 19th Asian Games China next year.

 “It will be a very busy year for Philippine sports and, like how we did this year, the POC will again guarantee medalist athletes their incentives for them to excel even more,” Tolentino said.

The POC under Tolentino started rewarding cash bonuses to medalist athletes in the Tokyo Olympics in 2021 and the 31st SEA Games last May where the organization released a total of P11.150 million in cash bonuses to 417 athletes who won 52 gold, 70 silver and 105 bronze medals in Vietnam.

The POC special incentive trust fund program will spur private sector support to reward medalists in the SEA Games, Asian Games and Olympics.

“All donations from private corporations will automatically go to that incentive trust fund for athletes,” Tolentino said.

Related Tags

POC President Abraham Bambol Tolentino Asian Games Southeast Asian Games
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