|
I am certainly proud, once again, to render this report on the
Foundation’s performance for the fiscal year just ended, FY 2007-2008.
While no donations were solicited nor received last fiscal year, the
Foundation’ assets currently stand at P1,427,781.87 compared to last
year’s total of P1,392,259.36, an increase of P35,522.51 or just about
2.6%. The principal fund stays at P1,332,911.36, leaving a fund balance
of P94,870.51 for general expenses.
ZUFI supported, last school year, twelve (12) college scholars, with a
stipend of P5,000.00 per semester for ten (10) studying in the province,
and P10,000.00 per semester for two(2), in the Greater Manila area. For
its high school scholarship program, ZUFI supported forty-two (42)
scholars at either St. Anthony’s Institute or Zumarraga Integrated
School, with each scholar entitled to a monthly stipend of P50.00.
I wish to cite the excellent performance last year of three (3) ZUFI
scholars for their inclusion in the Dean’s List, namely: Etelbert Conde
(3rd t Yr, BSE-Math, SSU); Shallaine Dante (2nd Yr, BSN, SSU); and,
Debbie Lalaine Pacayra (2nd Yr, BSEd, LSU). On the other hand, of the
seven (7) freshmen-scholars only one was able to satisfy the academic
standards; two (2) of the seven (7) scholars almost, but not quite, met
the grade requirement in one subject. Furthermore, on record no ZUFI
scholar graduated last school year.
For the current school year, SY 08-09, so far, it looks like that ZUFI
will be supporting a total of forty-six (46) scholars: eleven (11) in
college, and thirty-five (35) in high school. The final list of scholars
should be confirmed during this month’s ZUFI Board meeting. In this
regard, it may be noted that ZUFI’s certificate of scholarship entitles
the recipient to a high school or college scholarship grant, provided
that the recipient maintains an average grade in any grading period of
at least 85% (2.0) with no grade in any single subject lower than 80%
(2.5). As a matter of policy, the number of college scholars may be
increased to accommodate new applicants who merit inclusion in the
Dean’s List but are not yet ZUFI scholars; similarly, the number of high
school scholars may be increased by the Foundation to accommodate new
applicants from those who earned top honors (1st, 2nd and 3rd honors)
but are not yet ZUFI scholars. As the general funds of the foundation
grow, perhaps some kind of an educational assistance facility could be
established to accommodate other needy but very talented students who
really are serious in furthering their studies especially in the
computer and other technical or vocational fields. I challenge my fellow
trustees to come up with suitable, feasible program.
Finally, I wish to thank my fellow trustees in the Foundation and our
donor-friends for their invaluable assistance and support. Given such
support, I certainly hope that the Foundation would be able to sustain
its program of enabling poor but very talented students acquire
functional education thereby helping them improve their current station
in life.
|
