Yolanda Funds
Image Source: mb.com.ph

[box type=”default” size=”large”] Fund campaign generated a total of $121,905.26 [/box]

The fund drive conducted by the Philippine American Foundation Inc. (PAFI), also known as Filamcco Foundation, for the victims of typhoon Yolanda (Haiyan) in the Philippines, collected a total of $121,905.26.

This was gathered from the foundation’s latest report on receipts and disbursements sent to the Filipino Star News.

The first part of the report showed that the receipts and disbursements were for the period from Jan. 1, 2014 to December 31, 2014. The cash balance as of Jan. 1, 2014 was $98,224.35.

In 2014, the foundation headed by President Ernestina de los Santos-Mac also received more donations amounting to $24,585.49 for the Yolanda and Bohol earthquake victims. The foundation likewise received additional funds generated from various fund-raising projects. These are E. Mac for Open Door, $500; Open Door collections, $802; and UST Choir concert, $14,050.

Available cash at the start of 2014 totaled $138,162.07.

The disbursements for the whole year of 2014 totaled $113,216.20. The cash balance at the end of 2014 was $24,945.87. The big disbursement items during the year included the following:

UST Choir concert expenses, concert expenses, UST Choir and PACCM, $13,797.13; distributed typhoon Yolanda funds, $70,000; World Medical Relief shipping, $13,000; Salvation Army, $10,000; and Roman Catholic church of Talibon (coursed through Bohol Singing Priests-Bohol Earthquake funds), $10,000.

Of the $70,000 distributed Yolanda funds, $23,000 was given to Sister Eloisa David who has been undertaking, among others, livelihood projects for the typhoon victims. The balance of $47,000 was distributed directly to the victims who used the money for the repair of their destroyed houses.   

The second part of the report covered the period from Jan. 1, 2015 to Nov. 15, 2015. It showed that the available cash at the start of year 2015 totaled $25,445.87.

The disbursements for the same period were: Reach International Health Care, $5,000; Tacloban relief contributions, $14,000; World Medical Relief, $1,000; and bank service charge, $46.50.

The bank cash balance as of Nov. 15, 2015 was $5,399.37.


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