The U.P. Medical Foundation, Inc. was registered with the Securities and Exchange Commission (SEC) as a non-stock, non-profit organization on September 17, 1979, by a group of concerned individuals who conceived of alternatives to reduce the traditional logistical constraints of the campus and to raise funds for continuous training of specialists, researchers, and practitioners in the pursuit of advanced studies in the various fields of medicine. Today, improving capabilities have enabled it to offer support to related institutions in the University of the Philippines. It is a grant-making organization. Its main office is located at Calderon Hall, UP College of Medicine, 547 Pedro Gil St., Ermita, Manila. The foundation has 1 regular staff, 2 part-time staff, 12 regular volunteers, and 11 members of the Board of Trustees.
It was first certified for 3 years on August 26, 2005 which ended on August 25, 2008. First Renewal was for 3 years on May 7, 2009 which ended on May 6, 2012. Second Renewal was certified for 5 years on September 19, 2012 and which ended on August 24, 2017.
Its purposes, among others, are “to become robust, productive, and have sustainable participation in the pursuit of the University of the Philippines for excellence in education, research, and service; and to assist and provide sufficient resources to maintain the highest standards of medical training, research, and service”. The foundation’s programs focused on the following: 1) Institutional Programs (Recognition Awards for Most Outstanding Departments and Most Outstanding Modules); 2) Departmental Programs (Research Grant for Surgical Residents & Fellows, Development Grant for Anthropology, Psychiatry & Biochemistry); 3) Faculty Development Programs (Professorial Chair Awards, Most Illustrious Faculty Award and Basic Science Faculty Development Grants); 4) Student Programs (Scholarships and Assistance Grants, Student Loans (non-interest bearing), Academic Excellence Awards and Research Grants); 5) Other Programs (Fellowship Training Grants and Administration of Project Funds).