As in previous
years the principal concern of the
Foundation was to provide funds for
the studies of students desiring to
study at St. Scholastica’s College
but not having the financial means
for it. The Foundation
supported 48 students in the first
semester and 46 in the second
semester of the school year
2010-2011. All finished their
studies for the year successfully.
Eight graduated with their
respective degrees; two of the
eight, cum laude. One
of the two was also the president of
the Student Council, and in that
capacity, served as a member of the
Board of Trustees of St.
Scholastica’s College during the
school year. Cost of their
studies was P2,877,122.40. The
amount was within the budget
allocation of P3 million for
scholarships previously approved by
continued to be low, reflecting this
trend in the interest income.
For the year interest income
amounted to P1,721,768.70.
Donations for named scholarships,
including new ones, totalled
amounted to P3,012,904.42 while
revenues reached P3,516,578.55.
sponsorship of a scholar was
extended to three students by an
SSRDF scholar of a number of years
ago, now president of Hyundai
Philippines, Mrs. Fe Perez-Agudo.
She had sponsored one scholar the
previous year, but extended her
assistance to three students
starting this school year.
administrative chairs are at present
being awarded under the Salome L.
Tan Administrative Chair Endowment
Fund: to the Registrar and for the
school year just ended to the
Associate Dean of the College of
Music as well as to the head
grants were extended to two College
faculty members. Both
researches dealt with the
environment. Lately, Ms. Rhoda
Tayag gave the SSRDF a copy of her
dissertation, “Akuin-Mahalin – A
Process of Understanding Connection
with Place,” which she had defended
before the panel of Maryknoll
College as part of the requirements
for her doctorate in Environmental
2010 the Board lost its secretary as
Sister Lumen Gloria Dungca, OSB was
assigned superior of the
Congregation’s community in
Argentina. The Board elected
Sister Mary Thomas, then
vice-president of St. Scholastica’s
College, as the new secretary.
We extend our best wishes to Sister
Lumen and offer prayers for her new
assignment, and we thank Sister Mary
Thomas for accepting to take the
end of the school year the
Foundation received word from former
Ambassador Bienvenido Tan that he
was establishing two funds with a
capital of a million pesos
(P1,000,000.00) each, in the name of
his wife, Emma Rustia Tan, and his
sister, Consuelo Tan. The
benefits would be turned over to the
SSRDF starting the next school year.
The funds will be managed by his
foundation, and the interest income
turned over to the foundation at the
beginning of each school year.
However, because of favourable
opportunities, he already turned
over the interest income for the
next school year in the amount of a
hundred thousand pesos (P100,000.00)
still within this year. The
amount will be applied in the coming
school year 2011-2012.
We extend our
thanks to all our benefactors and
pray for God’s blessings on them and
all the good they do for His “poor”
JOSE SANDEJAS, JR.