Gonzalo and Carmen Abaya Memorial Foundation, Inc. (GCAMFI) is a non-stock, non-profit organization incorporated with the Securities and Exchange Commission (SEC) on December 24, 1986. The Foundation was organized in honor of the founder of Cagayan Electric Power and Light Co., Inc. (CEPALCO), the late Gonzalo T. Abaya. Its main office is located at CEPALCO Bldg., 33 Toribio Chaves St., Cagayan de Oro City. The organization has one (1)
Its purposes, among others, are “to provide education to deserving students; and to assist in the enhancement of the quality of education thru: development of teachers preferably in the field of values, mathematics, and sciences”.
It was certified for one (1) year on May 6, 2011 that ended on April 1, 2012. Its PCNC certification was renewed on March 13, 2013 and which ended on February 4, 2014.
Sources of funds include donations from CEPALCO group of companies and from employees and friends of CEPALCO. Total donations received for the last two years amounted to P2.3M. The organization has an approved budget of P1.41M for the year