Sanctus Vincensus Scholarship Foundation, Inc.

The Sanctus Vincenzus Scholarship Foundation was registered in SEC as a non-stock, non-profit corporation on June 6, 2003. It was established as a response to the need to assist poor but deserving students who wish to study at St. Peter’s College of Ormoc. It is a grantmaking organization. Its main office is located at St. Peter?s College Campus, Fr. I. Cataag Street, Ormoc City. The foundation has 7 members of the Board, and a part-time bookkeeper who also is connected to the school. They have various volunteers which comprise the St. Peter’s College Scholarship Builders who serves as the official fundraising arm of the Foundation. It was certified for three (3) years on August 26, 2005, and has applied for renewal of certification.. Its purposes, among others, is to provide financial support to poor but deserving students for college education. Its sources of income include donations from corporations and individuals, fund raising activities and interest income. They have an approved budget of P1,598,500.00 for the year 2009.