Foundation donates P475T for 57/75 educational campaign
Metro Bank Foundation will give P475,000 as donation to the 57/75 educational campaign to fund the city's expenses for the training of teachers, feeding program and purchase of workbooks and instructional materials.
Aniceto M. Sobrepeña, president of the Metrobank Foundation Inc., in a letter said the foundation specifically cited on where the funds should be spent.
The foundation required that out of the P475,000 donation, P235,000 is allocated for the conduct of the training to enhance English, Science and Mathematics instruction in Iloilo City elementary schools.
The training program will benefit the 160 elementary school teachers in the city coming from the 52 public schools here.
The 57/75 campaign is a national multi-sectoral campaign to reverse the education crisis towards system-wide performance improvements through a focused private sector intervention and community action.
The 57/75 campaign goal is to decrease the dropout rates, improve reading proficiencies and improve achievement rates. In Iloilo City, the percentage for the high school dropout is 12.4 and 1.97 for elementary. The percentage for retention in the elementary school is 94.95 and 86.5 for secondary or high school level as of 2007.
The 57/75 campaign started July last year year and they have six pilot areas located in the different parts of the country. The same campaign is not to create a few superstar students but to assist the broad mass of students and schools around the country.
Under the 57/75 campaign, the national consortium will look for funds essential for the realization of their three goals. The funds will be spent in school feeding, workbooks in reading, math and science and same time re-align their existing program with the three goals of the consortium.
The 57/75 National Consortium is composed of the Ateneo Center for the Education Development, Foundation for Worldwide People Power, Synergia Foundation, League of Corporate Foundations, Philippine Business for Education and Philippine Business for Social Progress.
The P475,000 is part of the P500,000 pledged by the foundation for the 57-75 educational campaign. The P25,000 of the total pledge shall be reserved for the administrative cost of the Foundation.
The turn-over of the donation and the signing of the memorandum agreement for the training program has yet to be scheduled. The foundation will be represented by Ms. Mary Joyce S. Lim, manager and branch head of Metrobank Iloilo Gen. Luna Branch and cluster head of Visayas Area 3A.