Hi All,<br><br>Thank you Charles for clearing up some of my confusion. <br>That 1M capital is pretty steep. It would help if the tax deduction would be <br>retroactive at the very least. <br><br>I suppose piggy-backing with PBSP is a good option, but I see a few possible hurdles<br>
for our group (that may or not be realized):<br>1) I looked at their mission statement on their IT program and they may have to massage<br>it to accommodate our goals, which may just be a minimal thing for them.<br>2) Acquisition and distribution of funds. They have a diverse group of programs, they would have<br>
to ensure that funds would have to be clearly allocated for OLPC goals. If they are restricted on their<br>by-laws to spend a certain percentage on tech equipment spending and we need to purchase<br>a bunch of equipment for a school pilot program...would they be able to accommodate that expense<br>
easily? It would be great if OLPC is funded by their company members, but we might have to <br>do our own fund raising. If so, would they be able to accommodate additional trustees and officers<br>to oversee the funds coming from our our organization? <br>
<br>I guess my questions above are more on how they will handle our integration. They seem to operate <br>on corporate memberships rather than individual volunteers. Again, they might just have easy answers<br>to these questions rendering my brain swizzling moot. <br>
<br>Thank you Charles and Malee!<br>--Cherry<br><br><br><div class="gmail_quote"><blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">Today's Topics:<br>
<br>
1. Re: SEC and PCNC requirements (Jose Mari Bigornia)<br>
<br>
<br>
----------------------------------------------------------------------<br>
<br>
Message: 1<br>
Date: Sun, 22 Mar 2009 21:37:43 +0800<br>
From: Jose Mari Bigornia <<a href="mailto:jtbigornia@gmail.com" target="_blank">jtbigornia@gmail.com</a>><br>
Subject: Re: [OLPC-Philippines] SEC and PCNC requirements<br>
To: "OLPC Philippines/Pilipinas grassroots"<br>
<<a href="mailto:olpc-philippines@lists.laptop.org" target="_blank">olpc-philippines@lists.laptop.org</a>><br>
Message-ID:<br>
<<a href="mailto:845ad53e0903220637p5cdca76fv9178353b435c8676@mail.gmail.com" target="_blank">845ad53e0903220637p5cdca76fv9178353b435c8676@mail.gmail.com</a>><br>
Content-Type: text/plain; charset="iso-8859-1"<br>
<br>
Hi to All,<br>
<br>
is it possible that we can peggy back our group with a foundation like PBSP<br>
/ AYALA etc..who are also committed to<br>
and the vision or mission same as OLPC...we can just make an Memo of<br>
Undesratnding / Agreement which ever is more douable for both<br>
Organization..if its okey with I can explore the possiblity and talk to<br>
them.<br>
<br>
Malee Bigornia<br>
<br>
2009/3/22 Charles Chen <<a href="mailto:ideasman88@yahoo.com.au" target="_blank">ideasman88@yahoo.com.au</a>><br>
<br>
> Hi Cherry and for the information of everbody,<br>
><br>
> 1. The minimum paid-up capital requirement for a non-stock, non-profit<br>
> corporation if registered with SEC is P1.0 Million. This was based on the<br>
> information sheet given byt the SEC when I was attempting to register OLPC<br>
> last year.<br>
><br>
> You can find the same information from the SEC home page and going to Main<br>
> tab/ Guide to SEC requirements tab/ Corporations/Partnerships tab. This will<br>
> lead you to a document titled SEC Registration Requirements (as of 5 Nov<br>
> 2007). If you click on the non-stock corporations under the first heading<br>
> (Registration of Corporations) it would lead you to the page listing the<br>
> specific requirements for non-stock corporations.<br>
><br>
> I tried looking for a way we could this in another way because I personally<br>
> did not have that amount of money. But unfortunately, I could not find a way<br>
> around it. I understand this was not a requirement before and only became<br>
> one recently.<br>
><br>
> A foundation is the legal term used to describe a non-profit organisation.<br>
> The foundation can be a Non-Government Organisation (NGO). An NGO is an<br>
> organisation that does not have any representation or participation from the<br>
> government but perform a public service role usually played by a government<br>
> insititution.<br>
><br>
> 2. Based on the information provided by Philippine Council for NGO<br>
> Certification (PCNC) website describes the following benefits of being PCNC<br>
> certified:<br>
><br>
> "Donations to donee institutions are tax-deductible and/or exempt from<br>
> donor's tax (Section 34(H) and Section 101 of the Philippine Tax Code). In<br>
> other words, aside from being exempt from donor's tax, local donors, whether<br>
> individual or corporate, can deduct the amount they have donated from their<br>
> taxable income derived from trade or business as computed without the<br>
> benefit of the deduction. Donations to some donee institutions, however, are<br>
> subject to limited deductibility: 10% for individual donors and 5% for<br>
> corporate donors.<br>
><br>
> Thus, tax incentives such as those mentioned above encourage local<br>
> donations and, especially in these times of dwindling financial resources<br>
> from abroad, complement PCNC's aim to strengthen private sector<br>
> participation in our country's social development."<br>
><br>
> However, for an NGO to be certified by the PCNC they also have to be<br>
> non-stock, non-profit.<br>
><br>
> 3. I am not a taxation expert so I am not sure whether the tax deductibilty<br>
> can be retrospective. Normal business practice especially when it comes to<br>
> applying tax exemptions is you can only use it moving forward after<br>
> obtaining the exemption or at least within the same taxable year. But I have<br>
> sent an email to the PCNC to ask this question. I will get back to you once<br>
> they have answered.<br>
><br>
> Thanks.<br>
><br>
> Charles<br>
><br>
> --- On *Sun, 22/3/09, <a href="mailto:olpc-philippines-request@lists.laptop.org" target="_blank">olpc-philippines-request@lists.laptop.org</a> <<br>
> <a href="mailto:olpc-philippines-request@lists.laptop.org" target="_blank">olpc-philippines-request@lists.laptop.org</a>>* wrote:<br>
><br>
><br>
> From: <a href="mailto:olpc-philippines-request@lists.laptop.org" target="_blank">olpc-philippines-request@lists.laptop.org</a> <<br>
> <a href="mailto:olpc-philippines-request@lists.laptop.org" target="_blank">olpc-philippines-request@lists.laptop.org</a>><br>
> Subject: OLPC-Philippines Digest, Vol 17, Issue 4<br>
> To: <a href="mailto:olpc-philippines@lists.laptop.org" target="_blank">olpc-philippines@lists.laptop.org</a><br>
> Received: Sunday, 22 March, 2009, 3:00 AM<br>
><br>
> Send OLPC-Philippines mailing list submissions to<br>
> <a href="mailto:olpc-philippines@lists.laptop.org" target="_blank">olpc-philippines@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines@lists.laptop.org</a>><br>
><br>
> To subscribe or unsubscribe via the World Wide Web, visit<br>
> <a href="http://lists.laptop.org/listinfo/olpc-philippines" target="_blank">http://lists.laptop.org/listinfo/olpc-philippines</a><br>
> or, via email, send a message with subject or body 'help' to<br>
> <a href="mailto:olpc-philippines-request@lists.laptop.org" target="_blank">olpc-philippines-request@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines-request@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines-request@lists.laptop.org</a>><br>
><br>
> You can reach the person managing the list at<br>
> <a href="mailto:olpc-philippines-owner@lists.laptop.org" target="_blank">olpc-philippines-owner@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines-owner@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines-owner@lists.laptop.org</a>><br>
><br>
> When replying, please edit your Subject line so it is more specific<br>
> than "Re: Contents of OLPC-Philippines digest..."<br>
><br>
><br>
> Today's Topics:<br>
><br>
> 1. Re: OLPC PH Stimulus Plan (Bernie Innocenti)<br>
> 2. Re: OLPC-Philippines Digest, Vol 17, Issue 2 (Cherry Withers)<br>
><br>
><br>
> ----------------------------------------------------------------------<br>
><br>
> Message: 1<br>
> Date: Fri, 20 Mar 2009 23:46:48 +0100<br>
> From: Bernie Innocenti <<a href="mailto:bernie@codewiz.org" target="_blank">bernie@codewiz.org</a><<a href="http://mc/compose?to=bernie@codewiz.org" target="_blank">http://mc/compose?to=bernie@codewiz.org</a>><br>
> ><br>
> Subject: Re: [OLPC-Philippines] OLPC PH Stimulus Plan<br>
> To: OLPC Philippines/Pilipinas grassroots<br>
> <<a href="mailto:olpc-philippines@lists.laptop.org" target="_blank">olpc-philippines@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines@lists.laptop.org</a>><br>
> ><br>
> Message-ID: <<a href="mailto:49C41CD8.4000003@codewiz.org" target="_blank">49C41CD8.4000003@codewiz.org</a><<a href="http://mc/compose?to=49C41CD8.4000003@codewiz.org" target="_blank">http://mc/compose?to=49C41CD8.4000003@codewiz.org</a>><br>
> ><br>
> Content-Type: text/plain; charset=ISO-8859-1<br>
><br>
> Jerome Gotangco wrote:<br>
> > Let me know when the domain <a href="http://olpc.ph" target="_blank">olpc.ph</a> is needed. It's just idle at the<br>
> > moment and would be glad to donate it as well when things are<br>
> > formalized on that end.<br>
><br>
> If needed, Sugar Labs would be happy to host the OLPC Philippines<br>
> website for free on one of our servers with lots of bandwidth.<br>
><br>
> We're already doing that for OLE Nepal.<br>
><br>
> --<br>
> // Bernie Innocenti - <a href="http://www.codewiz.org/" target="_blank">http://www.codewiz.org/</a><br>
> \X/ Sugar Labs - <a href="http://www.sugarlabs.org/" target="_blank">http://www.sugarlabs.org/</a><br>
><br>
><br>
> ------------------------------<br>
><br>
> Message: 2<br>
> Date: Fri, 20 Mar 2009 22:29:04 -0700<br>
> From: Cherry Withers <<a href="mailto:cherry.withers@gmail.com" target="_blank">cherry.withers@gmail.com</a><<a href="http://mc/compose?to=cherry.withers@gmail.com" target="_blank">http://mc/compose?to=cherry.withers@gmail.com</a>><br>
> ><br>
> Subject: Re: [OLPC-Philippines] OLPC-Philippines Digest, Vol 17, Issue<br>
> 2<br>
> To: <a href="mailto:olpc-philippines@lists.laptop.org" target="_blank">olpc-philippines@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines@lists.laptop.org</a>><br>
> Message-ID:<br>
> <<a href="mailto:958133bc0903202229i27e3bd5fo98f4b8a1b4544261@mail.gmail.com" target="_blank">958133bc0903202229i27e3bd5fo98f4b8a1b4544261@mail.gmail.com</a><<a href="http://mc/compose?to=958133bc0903202229i27e3bd5fo98f4b8a1b4544261@mail.gmail.com" target="_blank">http://mc/compose?to=958133bc0903202229i27e3bd5fo98f4b8a1b4544261@mail.gmail.com</a>><br>
> ><br>
> Content-Type: text/plain; charset="iso-8859-1"<br>
><br>
> Dear Charles,<br>
><br>
> Thank you for starting this discussion. I do have a couple of questions<br>
> regarding your post.<br>
><br>
> 1) I know that the 1M peso capital is needed to establish a foundation, but<br>
> there doesn't seem<br>
> to be a capital requirement to form a non-profit/non-stock NGO and a quick<br>
> look at the SEC-PH<br>
> website and an email from PCNC shows that the cost would be comparatively<br>
> minimal than forming<br>
> a foundation (around $1000). What are the benefits of forming a foundation<br>
> vs. a regular non-profit NGO?<br>
><br>
> 2) Would a donation to a foundation be exempt from donor's tax vs. a<br>
> non-profit NGO? We might still have<br>
> get this added benefit even if we're a regular non-profit NGO by<br>
> registering<br>
> for a DONEE certification with<br>
> PCNC :<a href="http://www.pcnc.com.ph" target="_blank">http://www.pcnc.com.ph</a><br>
><br>
> 3) Since we have yet to raise the 1M peso capital to register to<br>
> organization, would the donations be retroactively<br>
> be exempt from the donor's tax after we've registered the foundation(if<br>
> this<br>
> is in fact an added benefit of forming one)?<br>
><br>
> Thanks again.<br>
><br>
> Sincerely,<br>
> Cherry Withers<br>
><br>
> P.S. Jerome, the hosting that you're talking about for the <a href="http://olpc.ph" target="_blank">olpc.ph</a> name,<br>
> is<br>
> that just for the domain name hosting or<br>
> that does include the site hosting as well? If not, I have an account on<br>
> <a href="http://www.bluehost.com" target="_blank">www.bluehost.com</a> that you guys can use<br>
> for a year.<br>
><br>
><br>
><br>
> On Sat, Mar 14, 2009 at 9:00 AM,<br>
> <<a href="mailto:olpc-philippines-request@lists.laptop.org" target="_blank">olpc-philippines-request@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines-request@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines-request@lists.laptop.org</a>><br>
> >wrote:<br>
><br>
> > Send OLPC-Philippines mailing list submissions to<br>
> > <a href="mailto:olpc-philippines@lists.laptop.org" target="_blank">olpc-philippines@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines@lists.laptop.org</a>><br>
> ><br>
> > To subscribe or unsubscribe via the World Wide Web, visit<br>
> > <a href="http://lists.laptop.org/listinfo/olpc-philippines" target="_blank">http://lists.laptop.org/listinfo/olpc-philippines</a><br>
> > or, via email, send a message with subject or body 'help' to<br>
> > <a href="mailto:olpc-philippines-request@lists.laptop.org" target="_blank">olpc-philippines-request@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines-request@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines-request@lists.laptop.org</a>><br>
> ><br>
> > You can reach the person managing the list at<br>
> > <a href="mailto:olpc-philippines-owner@lists.laptop.org" target="_blank">olpc-philippines-owner@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines-owner@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines-owner@lists.laptop.org</a>><br>
> ><br>
> > When replying, please edit your Subject line so it is more specific<br>
> > than "Re: Contents of OLPC-Philippines digest..."<br>
> ><br>
> ><br>
> > Today's Topics:<br>
> ><br>
> > 1. OLPC PH Stimulus Plan (Charles Chen)<br>
> ><br>
> ><br>
> > ----------------------------------------------------------------------<br>
> ><br>
> > Message: 1<br>
> > Date: Fri, 13 Mar 2009 17:13:37 -0700 (PDT)<br>
> > From: Charles Chen <<a href="mailto:ideasman88@yahoo.com.au" target="_blank">ideasman88@yahoo.com.au</a><<a href="http://mc/compose?to=ideasman88@yahoo.com.au" target="_blank">http://mc/compose?to=ideasman88@yahoo.com.au</a>><br>
> ><br>
> > Subject: [OLPC-Philippines] OLPC PH Stimulus Plan<br>
> > To: <a href="mailto:olpc-philippines@lists.laptop.org" target="_blank">olpc-philippines@lists.laptop.org</a><<a href="http://mc/compose?to=olpc-philippines@lists.laptop.org" target="_blank">http://mc/compose?to=olpc-philippines@lists.laptop.org</a>><br>
> > Cc: Ellay Ricalde <<a href="mailto:MSRicalde@psbank.com.ph" target="_blank">MSRicalde@psbank.com.ph</a><<a href="http://mc/compose?to=MSRicalde@psbank.com.ph" target="_blank">http://mc/compose?to=MSRicalde@psbank.com.ph</a>>>,<br>
> <a href="mailto:solutiongrove@gmail.com" target="_blank">solutiongrove@gmail.com</a> <<a href="http://mc/compose?to=solutiongrove@gmail.com" target="_blank">http://mc/compose?to=solutiongrove@gmail.com</a>>,<br>
> > Elleanarosa Ricalde <<a href="mailto:elleanarosa@yahoo.com" target="_blank">elleanarosa@yahoo.com</a><<a href="http://mc/compose?to=elleanarosa@yahoo.com" target="_blank">http://mc/compose?to=elleanarosa@yahoo.com</a>><br>
> ><br>
> > Message-ID: <<a href="mailto:471853.79615.qm@web54003.mail.re2.yahoo.com" target="_blank">471853.79615.qm@web54003.mail.re2.yahoo.com</a><<a href="http://mc/compose?to=471853.79615.qm@web54003.mail.re2.yahoo.com" target="_blank">http://mc/compose?to=471853.79615.qm@web54003.mail.re2.yahoo.com</a>><br>
> ><br>
> > Content-Type: text/plain; charset="utf-8"<br>
> ><br>
> > Hello everybody,<br>
> ><br>
> > I am sorry for being silent the last few months as I had been busy on<br>
> other<br>
> > important matters. I hope despite the current economic situation, we<br>
> > continue to have a job or a source of income and continue our efforts to<br>
> > develop a viable model for using OLPC in the Philippines.<br>
> ><br>
> > In a similar way where governments across the world are implementing<br>
> > various stimulus programs to jump start their economies, I would like to<br>
> > start the same for our group in the Philippines to help me establish the<br>
> > OLPC Philippines Foundation.<br>
> ><br>
> > We will initially aim to raise P1.0 Million pesos which is the capital<br>
> > requirement for a non-profit, non-stock foundation to be registered in<br>
> the<br>
> > Philippines. I will start the ball rolling with an initial donation of<br>
> > P5,000. I have asked my niece, Ellay Ricalde who is a branch manager at<br>
> > PSBank in Makati to help us in opening the required bank account and hold<br>
> it<br>
> > in trust until we are able to reach the P1.0 million amount. While the<br>
> money<br>
> > is in the account held in trust it cannot be withdrawn (only deposits can<br>
> be<br>
> > made) by anybody (including her) until the company is registered and its<br>
> > articles of incorporation and by-laws are presented. After such time, the<br>
> > foundation will manage the funds raised.<br>
> ><br>
> > I would like to solicit help from the rest of the group in the following<br>
> > manner:<br>
> ><br>
> > 1. Nomination of at 4 other people who aside from myself to be the<br>
> initial<br>
> > 5 trustees (I will be the fifth person) of the foundation. They shall be<br>
> the<br>
> > people also who will assist in drafting the articles of incorporation and<br>
> > by-laws of the foundation.<br>
> ><br>
> > 2. Nomination of at least 3 members to compose the finance committee. We<br>
> > need to develop a program to raise the money we need not only to register<br>
> > the foundation but also our day-to-day activities. I know in the light of<br>
> > the current economic situation asking for donations will be difficult so<br>
> we<br>
> > need to plan how to do this effectively and efficiently. One idea is<br>
> > soliciting the help of our local Congressman or other publicly elected<br>
> > official to make a donation to the foundation to start a OLPC pilot in<br>
> his<br>
> > congressional district.<br>
> ><br>
> > 3. Nomination of at least 3 members to compose the pilot committe. I<br>
> > previously have mentioned a plan to do a school pilot with Don Bosco<br>
> > Mandaluyong. I have put this pilot on hold until a viable model has been<br>
> > identified on how to do this. Reading all the previous discussions which<br>
> at<br>
> > some point became passionate if not heated, I decided we need first work<br>
> out<br>
> > what will be the deployment model appropriate for us. Once that is<br>
> finalised<br>
> > I can go back to Don Bosco to work with them to test this. For those<br>
> > involved in this committee we can now secure a minimum of 100 XO laptops<br>
> for<br>
> > US$ 259 each for the pilot. I have enclosed the following links provided<br>
> > below by OLPC Australia for your reference.<br>
> ><br>
> > <a href="http://www.olpcfriends.org/2009/02/olpc-deployments-a-global-approach/" target="_blank">http://www.olpcfriends.org/2009/02/olpc-deployments-a-global-approach/</a><br>
> ><br>
> > <a href="http://wiki.laptop.org/go/Australia%27s_first_deployment" target="_blank">http://wiki.laptop.org/go/Australia%27s_first_deployment</a><br>
> ><br>
> > <a href="http://laptop.org/en/participate/change-the-world.shtml" target="_blank">http://laptop.org/en/participate/change-the-world.shtml</a><br>
> ><br>
> > Caroline, you may want to be involved here.<br>
> ><br>
> > The establishment of the foundation will help us have the needed legal<br>
> > entity to futher promote our activities. Once we are able to register<br>
> > ourselves as a tax exempt institution we can be an attractive receipient<br>
> for<br>
> > tax deductable donations from private companies and individuals. And<br>
> > finally, with the financial resources available, we will be able to<br>
> afford<br>
> > to cover some if not all the cost of our activities. Even if we all<br>
> > volunteer our time and effort (the example of Bernie Innocenti) we still<br>
> > need to have the needed funds to cover the out-of-pocket expenses<br>
> involved.<br>
> ><br>
> > Bernie I will keep in mind once the right opportunity comes up for us to<br>
> do<br>
> > this.<br>
> ><br>
> > Thanks.<br>
> ><br>
> > Charles Chen<br>
> ><br>
> ><br>
> ><br>
> ><br>
> ><br>
> ><br>
> ><br>
> ><br>
> ><br>
> > Stay connected to the people that matter most with a smarter inbox.<br>
> > Take a look <a href="http://au.docs.yahoo.com/mail/smarterinbox" target="_blank">http://au.docs.yahoo.com/mail/smarterinbox</a><br>
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> ><br>
> > ------------------------------<br>
> ><br>
> > _______________________________________________<br>
> > OLPC-Philippines mailing list<br>
> > <a href="mailto:OLPC-Philippines@lists.laptop.org" target="_blank">OLPC-Philippines@lists.laptop.org</a><<a href="http://mc/compose?to=OLPC-Philippines@lists.laptop.org" target="_blank">http://mc/compose?to=OLPC-Philippines@lists.laptop.org</a>><br>
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> ><br>
> > End of OLPC-Philippines Digest, Vol 17, Issue 2<br>
> > ***********************************************<br>
> ><br>
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> ------------------------------<br>
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