The funds of the Nayong Pilipino Foundation (NPF) will be “fully depleted within the next five to six years” due to its inability to generate additional sources of income. In its 2022 audit report, the Commission on Audit (COA) said that “management did not come-up with adequate programs, activities and projects (PAPs).” Given its inability to generate additional sources of income, the COA believes that the effectiveness and efficiency of NPF's operations at this point has become "questionable." NPF is a non-profit government organization that operates under the Department of Tourism (DOT). Since 1972, it has been tasked with promoting research and development in the fields of social sciences and humanities. In its report, COA said that NPF was unable to meet the target accomplishments set by the Governance Commission for government owned and controlled corporations (GOCCs). In fact, it had even incurred operating expenses higher than the budgeted amount for the targeted accomplishments, it said. For its part, the NPF management has recognized that its resources are now "quite restricted." It said it has been very frugal with expenditures and has chosen to spend their remaining funds to undertake income-generating initiatives and activities. The NPF said the activities included the MAKANAYON and Cultural Leadership Institute Intensive Courses that were officially endorsed by the DOT-Office of Industry Manpower Development to its regional offices and various stakeholders. Another initiative is the Cultural and Heritage Camp Project, which NPF has already presented to the DOT. The management of NPF hopes that this project would at least help cover its operating expenses. In its report, COA tasked the Accounting and Finance Unit (AFU) of the NPF to do long-term financial planning and come up with "detailed and realistic plans" to address the depletion of funds. "In the financial planning, revisit the annual operating expenses to introduce austerity measures and eliminate unnecessary functions/cost centers to accommodate more PAPs to attain the mandated functions of NPF," COA suggested. It added that NPF's Planning, Marketing and Operations Unit should develop more PAPs directly related to the mandated purpose of NPF and introduce income-generating activities that would address or mitigate the effects of the depletion of funds.