To evolve into a financially endowed Foundation, in order to extend medical/dental assistance primarily to deserving members and groups and to support armed service hospitals and conduct health care activities to benefit members of the community.
To provide relief and assistance to members or patients afflicted with dreaded or lingering ailment requiring extended and expensive medical/dental treatment as well ass to support healthcare and humanitarian reasons.
- To promote the welfare and well-being of the members and their Dependents and deserving AFP and PNP retirees and veterans, including PCG, BJMP, BFP, NAMRIA retirees particularly on healthcare;
- To donate medical/dental equipment to the Veterans Memorial Medical Center, the AFP Medical Center, and other military and police hospitals;
- To undertake medical, dental and other civic action projects not only For members and their dependents but also for the benefit of deserving members of the community;
- To accept donations grants, contributions, bequest and devices, acquire, manage or administer properties, to invest in stocks, government bonds and securities or debentures of financial institutions; and
- To perform such acts incidental or conducive to the accomplishment of the above stated purposes.
AGFO FOUNDATION, INC. is a separate and distinct organization from the Association of General and Flag Officers, (AGFO) Inc.
AGFO Foundation, Inc. was created and organized sometime in March 2004 with unanimous approval of the then existing Board of Directors of AGFO, Inc., in conformity with the suggestion of Don Emilio T. Yap during a courtesy call on him at his Manila Bulletin head office in late 2003; that in order to facilitate acceptance of donors to an organization, a FOUNDATION is the more appropriate organizational structure.
A FOUNDATION is generally a DONEE institution and as, it provides tax benefits to donors, that is, the donor(s) may deduct his/their donations from their taxable income.
Necessarily, and as a result thereof, the BOARD of AGFO, Inc. unanimously approved the incorporation of the AGFO FOUNDATION, INC. with the distinct Article of Incorporation and By-Laws subsequently approved by the (SEC) Securities and Exchange Commission on 22 June 2004. The founding members who constituted the Board of Trustees of FOUNDATIO, Inc. were the incumbent board of Directors of the AGFO, Inc. for 2004, who contributed P5,000.00 each to the Foundation.
In as much as the By-Laws of the Foundation provides assessments and/or membership dues, the Board of Trustees in 2004 unanimously approved that a one-time donation/contribution of at least P1,000.00 shall be assessed of an AGFO member to become a regular member of AGFO Foundation, Inc. in order to shore up the Foundation Funds.
The principal Foundation donor is Don Emilio T Yap, who is recognized by the Foundation as its first Diamond Donor.
Even at its infancy, the Foundation has already extended medical
assistance to twenty (20) members as early as November 2005 up to February
2008. At this stage, however, especially with the diminishing return of
investment (ROI) from designated financial institutions, the Board of Trustees
has adopted a policy of providing assistance to a determine number of members
in a given year in order for the funds to be able to grow without impairing the
principal donations, and to realize at least a minimum of twenty percent (20%)
of the gross revenue set aside a mandatory savings to build up the Funds.
