SM FOUNDATION, INC.

Creating Value at All Times

Creating Value at All Times

In just over five decades, SM as a company has grown from a mere shoe store to become one of the Philippines largest conglomerates. As a brand, SM has evolved into a household name earned in time by continuing to serve and deliver the best value products and services, to fulfill aspirations, and to provide a better life for its millions of customers. Behind such growth and wide recognition is the vision, the leadership, prudent use of resources, innovation and dedication of the men and women within the whole SM organization. Their focused intent creates value at all times in businesses that they know best to operate. Such value is backed by hard assets consisting of stores, malls, banks, homes, commercial buildings, and tourist destinations that bear the mark of product quality and service excellence. Behind such value too is the heart that cares for its customers, communities and its environment through SM Foundation to ensure sustainable growth and progress. Moving forward, expect greater value to be created, because SM is determined to serve millions more.

Annual Report 2011

V I S I O N .

L E A D E R S H I P .

I N N O V A T I O N .

F O C U S .

H A R D

W O R K .

I N T E G R I T Y .

P R U D E N C E .

EDUCATION ADVOCACY

HEALTH ADVOCACY

LIVELIHOOD ADVOCACY

MALL OUTREACH PROGRAM

COLLEGE SCHOLARSHIP PUBLIC SCHOOL BUILDINGS

MEDICAL MISSIONS WELLNESS CENTERS

Kabalikat sa Kabuhayan Farmers Training Livelihood Programs Environmental Programs

Share your Extras Donate-A-Book Gamot Para sa Kapwa Make-A-Child Happy

1,300 SM Scholar-Graduates 1,068 College Scholars and 130 Tech-Voc Scholars 41 School Buildings & Internet Connection in 9 Schools

644 Medical Missions Served 505,190 Patients 69 Felicidad Sy Wellness Centers and 8 Hospice Centers 3 Heroes Ward-AFP Medical Center Childrens Activity Center-Air Force General Hospital

37 Kabalikat sa Kabuhayan Farmers Training Program with 4,100 Graduates 31,000 Trees Planted in Nasugbu, Batangas Construction of 3 Day Care Centers and a Basketball Court 141 Beneficiaries of Sustainable Animal Dispersal Program 175 out of school youth trained in dressmaking, candle making, hair culture, and hospitality skills

Php1.18 Million Worth of Medicines from Gamot Para sa Kapwa 18 Mall Tours of Make-A-Child Happy for 8,866 Children 197,515 Books from Donate-A-Book Project 14,484 Families Served of Share your Extras

SM FOUNDATION, INC.

ANNUAL REPORT 2011

Our Vision
SM Foundation uses a holistic approach to respond to the social needs of the marginalized segments of society by serving more communities as SM builds more structures and businesses around the country.

Our Mission
SM Foundation sees itself as a channel for its employees, customers, tenants, suppliers and service providers, media, local and national government units and government and non-government organizations, national and foreign agencies, civic organizations, corporate and private sectors to extend immediate and long-range assistance to deprived communities in areas served by the SM Group of Companies.

SM FOUNDATION, INC.

ANNUAL REPORT 2011

TABLE OF CONTENTS

Chairmans Message

Henry Sy, Sr. conveys his thoughts and views on SM Foundation

4
In Focus: SM Scholars

Executive Directors Report

Debbie Sy outlines and explains SM Foundations 2011 accomplishments

10
Livelihood Trends and Expectations

Wellness Centers

14

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

TABLE OF CONTENTS

Mall Outreach Program

17

Operation Tulong Express

18
FACES
SM Foundations Board of Trustees

19

21 SM Foundations Partner Schools 23 Graduates of Batch 2011 24 Current SM Scholars SY 2011-2012 35 Financial Statements IBC Corporate Information

SM FOUNDATION, INC.

ANNUAL REPORT 2011

FELICIDAD T. SY

Member, Board of Trustees

SM FOUNDATION, INC.

ANNUAL REPORT 2011

MESSAGE TO STOCKHOLDERS

011 was a good year for the SM companies that support SM Foundation, Inc. The continued growth and better-than-expected financial results of these companies enabled SM Foundation to further advance its three main advocacies education, health and livelihood. Through numerous civic programs and initiatives, SM Foundation aims to promote knowledge, resources and self-empowerment to those with fewer means

In its primary advocacy, which is education, SM Foundation assists bright but

underprivileged students to gain access to a better future through college scholarships. There is currently a total of 1,068 scholars nationwide for SY2011-2012 enjoying full tuition, allowances and medical support. In addition, SM Foundation has been donating and maintaining classrooms in public schools that lack the facilities for their growing student population. SM Foundation also provides health programs through medical missions in numerous

deprived communities. These missions offer free consultations, medicines and diagnostics through its mobile clinic. SM Foundation also transforms run down facilities in public hospitals or barangay centers into wellness centers for children, the elderly, or for hospice care. SM Foundation also empowers farmers by providing them a more sustainable platform for

livelihood. Since a few years, free training to farmers on advance farming skills and techniques have been offered to ensure better yields. There is also direct access to SM food retail stores for their produce. I thank all those in SM Foundation who work tirelessly to make the various programs

successful. I also thank our partners in education, health and livelihood programs, as well as ad hoc projects in disaster assistance. I look forward to another fulfilling year for SM Foundation in 2012.

HENRY SY, SR.

Chairman

SM FOUNDATION, INC.

ANNUAL REPORT 2011

All these worthwhile accomplishments, as indicated by the robust numbers, were a result of the dedication and hard work of the selfless team behind SM Foundation, who have willingly sacrificed their time and effort to respond to the pressing needs of the less fortunate.

SM FOUNDATION, INC.

ANNUAL REPORT 2011

EXECUTIVE DIRECTORS REPORT

am pleased to share with you that 2011 turned out to be another meaningful year for SM Foundation. We find our advocacies constantly growing and reaching out to more beneficiaries as we not only receive increasing support from SM and its group of companies, but also from other donor institutions and individuals who place their trust in SM Foundation to use their resources for greater empowerment. It is fulfilling to be part of a group of individuals and an institution whose main role is to be a conduit of resources and an enabler of peoples dreams and aspirations. Our education advocacy, with its two-fold program of providing college scholarships and donating school buildings, sustained its efforts in empowering deserving but financially disadvantaged students while we also reach out to public schools in need of more classrooms. A clear proof of this empowerment is that college scholars under the auspices of SM Foundation strive for excellence in their chosen courses, with an increasing number graduating with Latin honors. Furthermore, many of the graduating scholars who take requisite government board examinations pass, with some of them landing in the top ten. In 2011, there were 1,068 SM Foundation college scholars enrolled in various four- or five-year courses in 81 colleges and universities nationwide. Of these, 125 successfully completed their bachelor degrees, with 54 graduates or 43%, attaining Latin honors. To date, 1,300 SM Foundation college scholars have graduated and are gainfully employed both here and abroad. There were also 76 technical-vocational (tech-voc) scholars who finished their studies, bringing the total number of graduates under the program to 124. As of school year 2011-2012, there are 130 tech-voc scholars supported by SM Foundation.. SM Foundation also donated six school buildings in 2011 to public schools in Pampanga, Metro Manila, Antipolo, Taguig, Bulacan, and Cavite. Combined, these school buildings provided 17 new classrooms. Three of the school buildings were constructed in partnership with Deutsche Bank and another German company, GfK Consulting. On behalf of SM Foundation, I would like to thank both companies for their generous support. SM Foundations health advocacy staged a total of 85 medical and dental missions in 2011, which directly served 77,865 beneficiaries with the help of volunteer medical and health professionals who are backed by SM Foundations mobile clinics. Twelve special medical missions under the Operation Tulong Express (OPTE) initiative were also held during the year in four flood and typhoon stricken areas namely, Davao, Bulacan, Pampanga, and Cagayan De Oro. From 2001 to 2011, our health advocacy has conducted 644 medical missions, benefitting 505,190 patients, who were all provided with free diagnoses, treatment, and medication. Last year, we also embarked on an innovative project by setting up a blood bank for SM employees, a first of its kind among the countrys large private corporations. The blood collected from SM employees is turned over to the Philippine Blood Center of the Department of Health, where it could be withdrawn by the employees and their families when the need arises.

As a result of these noteworthy projects, our foundations health advocacy garnered the Best in Health Special Award during the 2nd Management Association of the Philippines - Corporate Social Responsibility (MAP-CSR) Challenge awarding ceremony held last year. Our health advocacy also implements the Felicidad T. Sy Wellness Centers program, in which rundown public health centers are refurbished, making them more conducive to patients recovery and healing. In 2011, seven public health centers were thoroughly renovated, bringing to 69 the total number of centers that were repaired since the start of the project. SM Foundations livelihood advocacy, known as Kabalikat sa Kabuhayan, last year conducted farmer-training programs in eight provinces, servicing 162 barangays in 28 municipalities. The program teaches farmers the latest in agricultural technology to improve their productivity and upon graduation, are brought into the SM supply chain so that their produce are sold directly in SM retail stores. We trained some 1,000 farmers in 2011, for a total of 4,091 farmers who have already benefited from the project since it commenced in 2007. Going now to our foundations mall-based outreach program, I am happy to report that just as in previous years, its four quarterly projects were successfully carried out in 2011. Share Your Extras, which is implemented during the first quarter of the year, gathered from shoppers in all 41 SM malls nationwide 4,653 bags of assorted donated items, together with 28 donation-filled jumbo Balikbayan boxes from cargo forwarder LBC, and cash donations amounting to Php544,812.43. Bulk of the cash was given to Caritas Manila, while the donated items were distributed to 14,500 families composed of 37,758 individuals in 15 provinces, 13 municipalities, three cities, and 37 barangays. In the second quarter of 2011, the Donate-A-Book project collected 205,808 books that were donated to 348 day care centers, 463 elementary schools, 415 high schools, and 12 libraries. During the third quarter, the Gamot Para Sa Kapwa project worked closely with our health advocacys OPTE initiative, to bring relief to calamity stricken areas. In the fourth and last quarter of 2011, the Make A Child Happy Share A Toy project was staged, with 10,533 underprivileged children becoming beneficiaries of the project. All these worthwhile accomplishments, as indicated by the robust numbers, were a result of the dedication and hard work of the selfless team behind SM Foundation, who have willingly sacrificed their time and effort to respond to the pressing needs of the less fortunate. Together with the substantial support of our partners from both the private and public sectors, they have enabled our foundation to further its reach and deliver its mandate to a wider circle of the underprivileged. On behalf of all of our beneficiaries, I sincerely thank all of you, our foundations trustees, executive directors, officers, staff, and valued partner institutions and individuals, for always extending a helping hand to those who need it most.

DEBBIE P. SY

Executive Director

SM FOUNDATION, INC.

ANNUAL REPORT 2011

TRENDS & EXPECTATIONS

CARMEN LINDA M. ATAYDE

Executive Director, Education Programs

The demand for scholarships and classrooms will not stop nor diminish, so the more parties we involve in the program, the more assistance that can be extended.

How would you describe the performance of SM Foundations education advocacy in 2011? The performance of SM Foundations scholarship program is best reflected in the academic performance of the graduates. While it takes only a 2.5 grade to stay in the program, the batting average of graduates receiving Latin honors is 45% of the whole scholars batch. In addition, most of the board takers are passers on their first attempt, with some landing as topnotchers. Before their graduation, the scholars receive job offers directly or thru SMFI, apparently a sign of their good reputation preceding them. Every year, HR departments of the SM Group organize a job offer event exclusively for SM Foundation graduates. The college scholarship program has attracted 28 private individuals and companies to adopt 153 of our 1,068 scholars. All of our technical-vocational (tech-voc) graduates in Punlaan are employed in hotels, restaurants and some in international cruise ships. Some pursue college education while holding a job. Our tech-voc graduates from Don Bosco, Makati are either self-employed or find outside employment. The school building programs performance is measured in terms of 17 classrooms contributed in 2011, bringing 100 classrooms to the public school system. The response from the stakeholders is equally positive. SMFIs philosophy,

2011

125 Graduates 52 Honor Students 1,031 Scholars

To D a t e

,300 Graduates 344 Honor Students 1 1,068 Scholars

SM FOUNDATION, INC.

ANNUAL REPORT 2011

EDUCATION
Technical High School in San Simon, Pampanga, Dr. Artemio Natividad Elementary School in Taguig, Muntindilaw National High School in Antipolo, and San Manuel Elementary School in San Jose del Monte, Bulacan. Who did you partner with last year for your school building project? We continued our partnership with Deutsche Bank in building a one-storey, two-classroom school in San Manuel Elementary School in San Jose del Monte City, Bulacan. Another German-based company, GfK Consulting, partnered with us last year in two school building projects, namely the Dr. Artemio Natividad Elementary School in Taguig City and Muntindilaw National High School in Antipolo City. Do you take into consideration climate change and other severe weather conditions in the design and construction of your school buildings? We have a standard design for single-storey, two classroom; single storey, four-classroom; and two storey, four-classroom school buildings. These are built according to DepEd specifications and in conformity with the Building Code. Candidate sites are inspected as to ground condition and area allocation. Safety of site is also a prime consideration. Credit goes to our in-house engineering team, because our school buildings have proven to withstand calamities such as earthquakes, typhoons, and floods. In fact, these school buildings are used as evacuation centers during weather disturbances. Moving forward, what enhancements, or improvements do you plan to implement in the next two to three years for the foundations education advocacy? Education is a potent force against poverty, so the program must seek all means to accommodate more scholarship applications. We will endeavour to streamline operations so that more funds could be allotted for the program. We have seen the value of partnerships in both scholarship and school building programs. The demand for scholarships and classrooms will not stop nor diminish, so the more parties we involve in the program, the more assistance that can be extended. We will continue to search for more individuals, companies, and associations with which we may partner.

People Helping People has been manifested in various ways. For example, a school building donation in Baguio encouraged the barangay officials to build a fence around the schools perimeter. The contractor of our school building in Looc was so moved by the students lack of simple comforts that he donated a television set to the school. There are songs and poems written by students and teachers to express their gratitude to the donors. A third school building partner is GfK Consulting, which co-funded with SM Prime Holdings, Inc. two two-storey fourclassroom school buildings in Taguig and Antipolo. What were your most noteworthy achievements during the year? In 2011, SMFI signed a MOA with the Kabayan Noli de Castro Foundation whereby the former agreed to manage the latters annual Search for Ten Outstanding Public School Students. The winners are chosen for their academic and leadership excellence and special circumstances surrounding their quest to finish high school. The major prize for each winner is a full college scholarship in SMFIs partner schools nationwide. We turned over six school buildings with 17 classrooms to schools in Pampanga, NCR, Antipolo, Taguig, Bulacan, and Cavite. Tell us about your college scholarship program. The program remains a popular choice for scholarship opportunities. Through the years, it has brought hope to many applicants pursuing a brighter future. More scholars were accepted in 2011. How about the scholars employment prospects? Do you extend any kind of assistance to the graduates in their search for jobs? As early as their first year with the program, they are informed on what jobs are in store for them when they graduate. During their stay, they are trained to interact with the employees and customers of SM through their Christmas and summer jobs. The human resource (HR) departments of the SM Group hold an annual job offer exclusively for SM scholar graduates. This event is a culmination of earlier training and exposure to jobs in their chosen fields. Do you monitor the progress of past graduates? Occasionally, we track the whereabouts of our scholars. It is safe to say that most of them have landed in well paying jobs. How many school buildings did you donate in 2011 and where were these located? The school buildings donated in 2011 are located in NCR (under the AGAPP School building Program), Assumpta

SM FOUNDATION, INC.

ANNUAL REPORT 2011

IN FOCUS: SM SCHOLARS

Jannen B. Barona
Bachelor of Science in Accountancy University of the East-Caloocan
Why did you decide to apply for the SM Foundation scholarship? My family is not financially well-off and Ive seen how they struggled to support the college education of my older brother. By then I knew that I had to find a way to have a stable means to support my studies so I tried to grab the opportunities that came my way, luckily, SM Foundation was one of them. What benefits have you enjoyed as an SM scholar? I belong to a class where almost all of us are scholars and among them, I consider myself the luckiest. For me, SM scholarship is by far, the most generous grant I know. The maintaining grade is reasonable and easy to sustain and the requirements are not as tedious as other programs. Well, I could say that the foremost benefit is pecuniary. When I qualify for the deans list, I get to have half of my tuition and fees. I use the money to help in some of our household expenses. During summer, I work in the department store without having to undergo the usual application process. The work experience is invaluable as I get to have an idea of how things work in a real company setting and it instilled in me the value of discipline. But the most important benefit for me is the fact that I am able to lessen the financial burden of my parents. What are your goals and dreams? Do you think that being an SM scholar will help you realize them? How? I envision myself as a successful CPA and for the whole duration of my college years, SM Foundation has given me the means necessary to attain that. What message would you like to share with prospective SM Foundation scholars? An SM scholarship is a blessing that not all that who are eager to study is given. Every blessing that we receive must be taken care of. To fully reap the benefits, I followed a simple rule, sacrificing instant pleasures for lifetime goals. The grant is SMs gift to us and what we do with it is our gift to SM.

5th year

Marc Rodolf B. Arca

Bachelor of Science in Accountancy Pamantasan ng Lungsod ng Maynila
Why did you decide to apply for the SM Foundation scholarship? I decided to apply for the scholarship program because I knew at that time that my parents will find it hard to send my sister and I to college at the same time. What benefits have you enjoyed as an SM scholar? Basically, I enjoyed the opportunity to work during summer and Christmas vacations. It gave me the chance to earn extra money to support my finances. I also enjoyed the IMAX and Science Discovery Center treat. Above all, what I enjoyed the most is the P2000 monthly allowance. What are your goals and dreams? Do you think that being an SM scholar will help you realize them? How? My goal now is to be on the topnotch of the October 2012 CPA Board Examinations and also, to find a good job to support my family. Indeed, I know that being an SM Scholar would be of great help for me since it will serve as an asterisk in my resume. I mean, I know that employers will give additional consideration if you were an SM scholar. What activities did you enjoy the most from the SM Foundation Scholarship Program? I enjoyed joining the annual activities of SM Foundation especially the general Assembly and the Christmas Party which gave me the opportunity to meet and to get along with my co-scholars. What are your immediate career plans? Would you consider working for the SM Group? Why? First, I want to join an auditing firm to practice my profession. I also want to have my masteral degree so that I will be able to teach accountancy in universities. Yes. I will consider joining the SM Group. The SM Group is wellknown for its stability as a company. Job security and career growth opportunity are the two things which I think is most promising when you enter the SM group.

4th year

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

SCHOOL BUILDINGS

2011
6 School Buildings
1. Dr. Artemio Natividad Elementary School, Taguig City 2. Muntindilaw National High School, Antipolo City 3. San Manuel Elementary School, City of San Jose Del Monte, Bulacan 4. Malinta Elementary School, Dasmarias, Cavite 5. AGAPP School Building, NCR 6. Assumpta Technical High School, Pampanga

To Date
41 School Buildings 100 Classrooms
Dr. Artemio Natividad Elementary School, Taguig 2-storey building with 4 classrooms Turnover date: July 20, 2011 Floor area: 408 sqm.

Muntindilaw National High School, Antipolo 2-storey building with 4 classrooms Turnover date: July 20, 2011

Malinta Elementary School, Dasmarias Cavite 2-storey building with 4 classrooms Turnover date: December 13, 2011

San Manuel Elementary School, San Jose Del Monte, Bulacan 1-storey building with 2 classrooms Turnover of building and books: September 12, 2011 Floor area: 129.6 sqm.

San Manuel Elementary School, San Jose Del Monte, Bulacan Turnover of 1,000 pieces of books

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

TRENDS & EXPECTATIONS

Manuel Elementary School, San Jose Del Monte, Bulacan

CONNIE S. ANGELES

Executive Director, Health and Medical Programs

I am happy to share that SM Foundations health and medical program received the Best in Health Special Award during the 2nd Management Association of the Philippines Corporate Social Responsibility (MAP-CSR) Challenge awarding ceremony.

Did SM Foundations health advocacy achieve its goals in 2011? Yes, we achieved our goals during the year. We carried out our medical and dental missions and the renovation of public health centers into wellness centers. We also established a blood bank for SM employees from blood donations coming also from employees. What were your best achievements last year? How were you able to attain such levels of success? I am happy to share that SM Foundations health and medical program received the Best in Health Special Award during the 2nd Management Association of the Philippines Corporate Social Responsibility (MAP-CSR) Challenge awarding ceremony. The MAP-CSR Leadership Challenge aims to cast the spotlight on deserving organizations for their CSR policies, programs, and practices. The award was based on the manner that SM Foundations CSR activities become an integral part of how SM formulates its overall corporate strategy. We also established a blood bank for SM employees. The first in a series of bloodletting events was held in September 2011 at One E-Com Center where 200 SM employees each donated 450 ml of blood. SM is the first big private organization to establish a blood bank for employees. The collected blood is deposited with the Department of Healths Philippine Blood Center, and is made available to employees and their family members any time needed, free of charge. But because of the volume of blood collected, the blood donations were also used for emergency needs of dengue patients in some government hospitals during the height of the disease outbreak. SM was also the first big organization that answered the call of local government units for assistance to dengue patients through intravenous (IV) fluids, paracetamol, and vitamin donations, especially in Quezon City. These intravenous fluids were urgently needed as a lifeline for dengue patients during the outbreak. SM donated thousands of liters of different IV fluids to government hospitals, namely Quirino Memorial and Medical Center, Novaliches District Hospital, and the San Lazaro Hospital. These hospitals had the most number of dengue patients, with Quezon City as the local government unit with the most number of patients in the whole National Capital Region. The donations benefitted about 9,000 patients in these hospitals.

2011

85 Medical Missions 77,865 Beneficiaries

To D a t e

644 Medical Missions 505,190 Beneficiaries

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

HEALTH
During the height of disasters and calamities like the heavy floods that besieged our country, SM Foundations Health and Medical Programs conducted Operation Tulong Express (OPTE) medical missions. The Foundation provided vital medicines for infants, children, and adults, as well as multivitamins and topical creams for skin diseases. We also brought hydrogen peroxide, betadine, cotton, gauze pads, and micropore, which were used by the doctors in cleaning and treating various cuts and wounds sustained by the flood victims. Here is a listing of our disaster assistance initiatives: A. Davao (Typhoon Falcon) Date: July 2 and 3, 2011 Number of medical missions: 5 Total no. of patients served: 2,924 B. Bulacan and Pampanga (Typhoons Pedring and Quiel) Date: October 19, 20 & 21, 2011 Number of medical missions: 3 Total no. of patients served: 3,034 C. Cagayan de Oro (Typhoon Sendong) Date: December 21 & 22, 2011 Number of medical missions: 4 Total no. of patients served: 2,875 In all of these, the total number of beneficiaries served in the three OperationTulong Express in these provinces totalled 8,833. What challenges, on the other hand, did you face and how were you able to surmount them? SM Foundation has always risen above its challenges. More often, it is the challenge of inviting medical practitioners to become regular volunteers to add to the number of volunteers that have joined the foundation all these years. To address this, we collaborated with the Philippine Medical Association, the various medical specialty associations, the Philippine Dental Association, as well as the local government units to provide us with doctors and dentists from their localities. The Armed Forces of the Philippines also sent their doctors, dentists, and nurses during our medical missions. The city and municipal health offices also provided us with their hardworking and efficient barangay health workers. Other volunteers also come from the local Department of Social Welfare and Development, and the Philippine Red Cross volunteers from the area. We also have volunteers from the hospitals and health centers that we have adopted, where our Felicidad T. Sy Wellness Centers and Hospice Units are located. We must also not forget the war veterans who act as volunteers during our medical missions. Numerous pharmaceutical companies also sent volunteers for our medical missions. How many medical missions did you hold in 2011 and where were they mostly located? We conducted 85 medical and dental missions, benefiting 77,865 individuals. To date, there have been 644 medical missions conducted since 2001, which have benefitted 505,190 patients. The mission areas are as follows: 40 SM Malls, 1 Hypermarket, 29 communities, 14 Felicidad T. Sy Wellness Centers, 1 mission with a TV network for cultural minorities - GMA 7 Network and Kapwa Ko Mahal Ko. We also collaborated with Watsons Personal Care for its World Volunteerism Day, a global activity with its theme Hand-in-Hand with Love, where a medical mission benefited 1,697 Watson employees and their immediate family members. Another medical mission for cultural minorities in coordination with GMA Network Corporate Affairs and Kapwa Ko Mahal Ko was mounted that benefited 204 Aetas and their families. Which health conditions were most prevalent during your medical missions and what was your approach in treating them? Illnesses that were common were upper respiratory tract infections such as the common cough and colds, and urinary tract infections. Diabetes and hypertension were seen mostly in the elderly and the senior citizens. How were you able to gather the needed resources, such as medical supplies and equipment, to successfully implement your medical missions? Our medicines and other medical supplies are included in our budget preparation for the year. We are also equipped with Mobile Clinics. But, as I mentioned earlier, we rely heavily on volunteers when it comes to the health experts for the mission. How many medical missions are scheduled this year? There are 75 medical missions that are scheduled this year. Please tell us more about the other component of your health advocacy, which is the renovation of public health centers. When people talk of public health centers, what comes to mind are chaotic, people-heavy, with harried health workers inside, hot and muggy structures, where constantly wailing children and haggard, irritated people are waiting for their turn to be seen by health care workers. On the other hand, when people speak of a Wellness Center, the first thing that comes to mind is a spa, a quiet place, and with therapists in uniforms all aimed at eliminating stress in a wholesome, comfortable manner. Our adopted public health centers, better known as the Felicidad T. Sy Wellness Centers, are multi-centers that offer the same comforts, but in a different way. These multi-centers exclusively care for children and the elderly population. These are actual village health centers or government hospital wards adopted by the SM Foundation. The wonderful thing about these multi-centers is that they have transformed into meeting places for recreation, socialization, education, information, and livelihood activities as well. What would you consider as the most unique or innovative feature of this component? One unique feature of this component is seen at the Felicidad T. Sy Hospice and Palliative Care Center for Children located at the Lung Center of the Philippines, which was inaugurated last November 29, 2011. This is unique as this is the first and only government-initiated paediatric hospice and palliative center in the country. The hospice provides a home to alleviate the pain of families, not just the cancer-stricken children, while coping for the eventual loss of their loved ones The Lung Center of the Philippines provides the venue and the medical personnel, while SM Foundation takes care of the structure with regular maintenance and upkeep; the Philippine Cancer Society takes care of the Hospice Program and medicines. In-patients as well as out-patients coming for their chemotherapy are provided with a venue where these children would not be afraid of their sessions, injections and other treatment modalities; here, they play, read, and engage in writing and drawing activities while undergoing treatment. This Felicidad T. Sy Hospice and Palliative Center also serves as a government referral and sentinel site for children with cancer. For 2012, how many health centers do you intend to renovate? We are looking at two areas to include in our renovation, one in General Santos City, and another in Taytay, Rizal. What are your overall plans for SM Foundations medical advocacy in the coming two to three years? The health and medical programs of SM Foundation would like to live up to its CSR program of People Helping People. As mentioned in part during its recognition in the MAP-CSR Best in Health Awards, a meaningful and true CSR program is not an ad-hoc or one-off project that is largely dependent on a companys desire and ability to support it. Rather, it is embedded in the companys thinking and operations, and is rooted in its overall strategy and driven by its business goals. Our programs are truly manifestations of our vision and our core values. Experts and stakeholders say that only a few have come close to integrating CSR into their core business, while many others express their CSR through programs. For us in the SM Foundation, we shall gear up for activities for the next two to three years for true and meaningful programs that would make us leaders and innovators in that field of enadeavor, worthy of being emulated by others.

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

WELLNESS CENTERS
2011
7 Wellness Centers
1. AFP General Hospital, Q. C. 2. UP Health Center, Diliman, Q. C. 3. Los Baos Health Center, Laguna 4. Bgy. Pag-Asa, Olongapo City 5. Lung Center of the Philippines, Q. C. 6. Tarlac Provinical Hospital, Tarlac City
Los Baos Health Center Felicidad T. Sy Wellness Center for Children

To Date
69 Wellness Centers

Lung Center of the Philippines Pediatric Hospice and Palliative Care Center

UP Health Service Outpatient Department Felicidad T. Sy Wellness Center for Children

Naval Special Operations Group Clinic Renovated and Refurbished by SM Foundation

Naval Special Operations Group Clinic

Pag-Asa Health Center, Olongapo SM Multi Center/Health Center

Pag-Asa Health Center, Olongapo SM Multi Center/Health Center

AFP Medical Center, Heroes Ward 3B V. Luna, Quezon City

Tarlac Provincial Hospital Tarlac City

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

TRENDS & EXPECTATIONS

CRISTIE S. ANGELES

Assistant Vice President For Livelihood And Outreach Program, SM Foundation, Inc.

Our main goal is to provide modern technological and skills development training to the marginalized sector of the community. We are assisting them in creating more sustainable livelihood opportunities and market linkages so that they can become self-sufficient individuals.

What were your primary objectives for SM Foundations livelihood programs in 2012? How were you able to achieve them? The primary objective is to provide marginalized farmers with updated agricultural farm technology on high value crops so that they can produce a bountiful harvest even on limited space. The project aims to enhance the profitability of the farmers so that they are able to provide more food on their tables. We also hope that our farmers will be part of the supply chain for fresh fruits and vegetables in their localities and in SM. We are able to achieve our objectives through the help of Harbest Agribusiness Corporation, the Department of Agriculture, the Local Government Units (LGUs), SM Supermarket, Save More, SM Hypermarket and SM Supermalls. To ensure the sustainability of the program, Harbest conducts postprogram monitoring of our graduates progress and continuously provide them with technical support while the LGUs provide some farm inputs. SM Food Retail, on the other hand, connects our farmers to their suppliers so that many of the graduates in our program are now part of the SM supply chain. Meanwhile, other LGUs opened wet market stalls for our graduates. Others formed groups and opened fruits and vegetables stalls in roadside centers to better serve their communities. How many Kabalikat sa Kabuhayan (KSK) farmers training programs were conducted and in which areas were these held? Last year, there were eight KSK Farmers Training programs held in Tarlac City; Leon, Iloilo; Nasugbu, Batangas; Atok, Benguet; Naga City; San Pablo, Laguna; Marilao, Bulacan; and, Consolacion, Cebu, servicing 27 cities and municipalities.

2011

11 Farmers Trainings 1,000 Graduates

To D a t e

37 Farmers Trainings 4,091 Graduates

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

LIVELIHOOD
How many farmers graduated from the program in 2011, and how many farmers have graduated to date? For 2011, 1,000 farmers availed of the program. To date, we have 4, 176 farmer graduates all over the country. What kind of assistance or support is given by SM Foundation to its graduates in KSK? SM provides the farmer graduates with market linkages through our supermarkets and hotel groups. Please tell us more about SM Foundations livelihood program in Nasugbu, Batangas? What were your main objectives for this program? Our main goal is to provide modern technological and skills development trainings to the marginalized sector of the community. We are assisting them in creating more sustainable livelihood opportunities and market linkages so that they can become selfsufficient individuals. Parallel to this is our desire to advocate the importance of caring for the environment. Apart from livelihood programs, SM Foundation conducts medical missions to address the medical needs of the residents in these communities. Two years ago, SM Foundation also donated classrooms to their public schools. How many families benefitted from this livelihood program? A total of 618 families from barangays Calayo, Looc, Papaya and Bulihan benefitted from this program. What challenges did you face in 2011 and how did you overcome them? The challenge is how to build up the communitys self-esteem and to make them understand that they can thrive on their own by using the available resources in their area without harming the environment through the new skills they have learned. All they need now is to believe that through hard work, perseverance and unity in action, they can improve their conditions in life. We slowly made them understand that SM Foundation and our partners can only help them up to a certain extent. We are very firm in implementing our projects rules and regulations. We are sympathetic to them, but we still try to instill discipline. We are glad that somehow we are empowering the communities. Were there new projects that you implemented during the year? We have opened our very first SM Foundation Skills and Livelihood Center in Nasugbu, Batangas and provided the following skills training programs: a. Hospitality Training We successfully trained two batches of 30-students each who all passed the TESDA NC-I and NC-II tests. The success of this program can be attributed to the hotel preparatory course of the Department of Educations Alternative Learning System (DepEd-ALS), the 30-day onthe-job technical and hands on training at Taal Vista Hotel as well as the values formation and character building trainings conducted by SM Foundation and our volunteers. We are pleased to report that 87% of the graduates are now gainfully employed at Pico Sands Hotel, Pico de Loro Beach and Country Club, and Taal Vista Hotel while the remaining 13% are now working in Cavite and Laguna. b. Dressmaking with DepEd-ALS 23 participants. c. Candle making with DOST- 15 participants. d. Isang Gunting, Isang Kulot with Fil-Hair Coop 75 participants. e. Pitchon and Ham Sausage Making for hog beneficiaries. In addition, the Bulihan and Looc Day Care Centers were constructed in 2011. We have also planted 20,000 mangroves in barangays Papaya and Calayo. Who are SM Foundations partners and how were they able to contribute in achieving your objectives? We are closely working with the Provincial and Municipal Agriculture Offices, the Department of Science and Technology (DOST), Technical Education and Skills Development Administration (TESDA), the Department of Trade and Industry (DTI) and Taal Vista Hotel for technical support. Costa Del Hamilo, Inc., Manila South Coast Development, Pico de Loro Beach and Country Club and Hotel Sands provide some logistical support and employment. We are also tied up with UP-Pahinungod for oral health care for 209 pupils from Kindergarten to Grade 1. Mother and child teamwork will play a vital role in ensuring healthy teeth and gums for their kids. What are your plans for 2012? We will continue our animal dispersals. For hog raising, the first SM Foundation beneficiaries are now sharing their piglets to other beneficiaries. We will also continue to raise free range chicken and see how far our carabao program will go. Furthermore, we will continue to provide specialized hotel skills trainings, introduce basketry and bamboo crafts, mushroom culture, food processing and update vegetable and farming technology. Lastly, we will be providing more specialized trainings based on the needs and capabilities of the community in meeting the growing demand for more skilled workers here and abroad.

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

MALL OUTREACH PROGRAM

2011
Donate-A- Book
183,485 Books Donated 1,238 Beneficiaries

Share-A-Toy
10,600 Toys 1 0,533 Beneficiaries

Share your Extras

Donate-A-Book SM City Naga

14,500 Donation Packs 37,758 Beneficiaries

Make-A-Child Happy Hagonoy, Bulacan

Donate-A-Book Calamba, Laguna

Make-A-Child Happy San Simon, Pampanga

Make-A-Child Happy SM Megamall

Share Your Extras Archdiocese of Urdaneta, Pangasinan

Share Your Extras Benguet

Share Your Extras Cagayan De Oro

Share Your Extras Cagayan De Oro

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

OPERATION TULONG EXPRESS : TYPHOONS FALCON, SENDONG, PEDRING AND QUIEL

2011
6 Operation Tulong Express

Davao City

11 Beneficiaries (Municipalities)

Malanday, Marikina

Tumana, Marikina

Pampanga

SM Supermarket, Cagayan De Oro

Barangay Bara, Cagayan De Oro

Tubod Elementary School, Iligan

Barangay Macasandig Evacuation Center, Cagayan De Oro

Barangay Kauswagan, Cagayan De Oro

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

BOARD OF TRUSTEES

FACES
HENRY SY, SR.
Chairman

FELICIDAD T. SY Member

TERESITA SY-COSON
Member

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

CARMEN LINDA M. ATAYDE

Member

CONNIE S. ANGELES Member

LYDIA B. ECHAUZ
Member

PAULINO Y. TAN
Member

EXECUTIVE OFFICERS
DEBBIE P. SY Executive Director CARMEN LINDA M. ATAYDE Executive Director Education Programs CONNIE S. ANGELES Executive Director Health and Medical Programs

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

EDUCATION PARTNER SCHOOLS

METRO MANILA 1 Adamson University (AU) 2 Asia Pacific College (APC) 3 Centro Escolar University (CEU) 4 Far Eastern University (FEU) 5 Feu- East Asia College 6 Jose Rizal University (JRU) 7 National University (NU) 8 Pamantasan ng Lungsod ng Maynila (PLM) 9 Pamantasan ng Lungsod ng Marikina (PLMAR) 10 Philippine Normal University (PNU) 11 Philippine School of Business Administration (PSBA Manila) 12 Philippine School of Business Administration (PSBA Quezon City) 13 Quezon City Polytechnic University of the Phils. (QCPU) 14 University of the East- Caloocan (UE- Caloocan) 15 University of the East- Manila (UE- Manila) 16 University of the Phils. Diliman (UP-Diliman) 17 University of the Phils. Manila (UP-Manila) 18 University of Makati (UMAK) LUZON 19 20 21 BATANGAS 44 Batangas State University (Main) 45 Batangas State University (Nasugbu) 46 University of Batangas LIPA 47 48 49 50

Batangas State University, Lipa De La Salle Lipa Lipa City Colleges First Asia Institute of Technology & Humanities (FAITH)

LUCENA 51 Manuel S. Enverga University Foundation (MSEUF) 52 Southern Luzon State University (SLSU) NAGA 53 54 55 56

Ateneo De Naga University (ADNU) Naga College Foundation (NCF) University of Nueva Caceres, Naga (UNC) Universidad De Sta. Isabel (USI)

St. Louis University (SLU) University of the Phils. Baguio (UP Baguio) University of the Cordilleras (UC)

PANGASINAN 22 Lyceum Northern Luzon 23 Lyceum Northwestern College 24 Lyceum Northwestern University 25 Pangasinan State University TARLAC 26 Tarlac State University PAMPANGA 27 Angeles University Foundation 28 Holy Angel University 29 University Of The Assumption BULACAN 30 Baliuag University 31 Bulacan State University 32 Meycauayan College STA. ROSA & CALAMBA 33 La Consolacion College, Bian 34 Laguna College of Business & Arts 35 St. Michaels College of Laguna 36 University of the Phils. Los Baos 37 University of Perpetual Help, Bian 38 University of Perpetual Help, Calamba CAVITE 39 40 41 42 43

VISAYAS & MINDANAO CEBU 57 Cebu Institute of Technology (CIT) 58 Cebu Normal University (CNU) 59 University of Cebu (Main, Banilad, Lapu-lapu & Mandaue) 60 University of San Carlos (USC) 61 UP Visayas (Cebu College- Lahug) 62 University of San Jose Recoletos (USJR) ILOILO 63 64 65 66

Central Philippine University (CPU) University of the Phils. Visayas (UP Visayas) University of San Agustin (USA) West Visayas State University (WVSU)

BACOLOD 67 Colegio De San Agustin 68 Technology University of the Phils. Visayas 69 University of St. La Salle (USLS) 70 University of Negros Occidental Recoletos (UNO-R) DAVAO 71 72 73 74 75

Ateneo De Davao Univeristy (ADDU) University of Mindanao (UM) University of the Phils. Mindanao (UP Mindanao) University of Southeastern Phils. (USEP) University of Immaculate Concepcion (UIC)

Cavite State University De La Salle University- Dasmarias National College of Science & Technology San Sebastian College of Recoletos- Cavite Rogationist College

CAGAYAN DE ORO 76 Cagayan Capitol College 77 Liceo De Cagayan 78 Xavier University 79 Mindanao University of Science & Technology GENSAN 80 Mindanao State University 81 Notre Dame of Dadiangas University

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

DONOR INSTITUTIONS
Donor 1 2 3 4 5 6 7 SM Investments Corporation SM Prime Holdings Inc SM Development Corp Supervalue Inc Super Shopping Market Inc First Asia Realty Development Corp SM Departments Stores Schoolbuilding Partners 8 9 10 11 SM Prime Holdings Inc Deutsche Bank/ Partners GfK Asia Pte Ltd BDO Foundation Inc 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 My Scholar Partners 8990 Commercial Management Corporation PACRED Service and Investment Corporation Probags Industries Louis Coson Friendship Cup DMD Collection Davids Salon Inc. MC Casas New York Home Fashions Inc. UYB Printing Corporation Fog Horn Inc. Watsons Personal Care Stores Phils Inc Anchor Land Holdings Inc. Buckwise Trading Corporation Unique Handicraft LCJ Garments Sandoz Philippines Corporation Operation Tulong Express Donors 28 29 30 Executives of SM Group of Companies Star Appliance Center, Inc. Willore Pharma Corporation Others 31 32 Seaoil Philippines Inc Patrick Pesengco

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

GRADUATES BATCH 2011

NAME Summa CumLaude
Ditchella, Jay-Ann S. Hernandez, John Andreau V.

SCHOOL
University of Negros Occidental Recoletos University of the Philippines Diliman Asia Pacific College Far Eastern University Holy Angel University University of the Philippines Diliman FEU-East Asia College Far Eastern University Asia Pacific College University of San Carlos Holy Angel University University of Negros Occidental Recoletos De La Salle University- Lipa Xavier Univiversity Asia Pacific College Asia Pacific College Manuel S. Enverga University Foundation University of San Carlos University of Negros Occidental Recoletos Asia Pacific College Saint Louis University Saint Louis University Asia Pacific College University of Southeastern Philippines University of San Carlos Far Eastern University FEU-East Asia College Pamantasan ng Lungsod ng Maynila Asia Pacific College Angeles University Foundation Angeles University Foundation Asia Pacific College University of the Philippines Diliman Asia Pacific College Far Eastern University Philippine Normal University University of the Cordilleras University of the Philippines Diliman Asia Pacific College Asia Pacific College Manuel S. Enverga University Foundation University of the Assumption Manuel S. Enverga University Foundation Saint Louis University University of San Carlos Far Eastern University FEU-East Asia College BSA

COURSE

NAME
Bacaycay, Danzel U. Bautista, Camille Joy C. Buan, Joanne Marie S. Cabrera, Divine Grace M.

SCHOOL

COURSE
BSA BSA BSMA BSA BSECE BSA BSMA BSA BSECE BS Math ECE BSA BSPM BSECE BSECE BSCOE BSA BSA BSA BSECE BS Math BSMA BSA BSMA BSA BSA BSMA BSA BSA BSA BSECE BSECE BSA BSECE BSCOE BSECE BSACAS BSA BS Math BSCOE BS Mgt. Acctng. BSIT BSED Bio BSA BSECE BSA BSA BS Bio BSECE BS MA BSA BSA BSMA BSECE BSECE BEED BSA BSCS BSCOE BSECE BSA BSMA BSECE BSMA BSECE BSECE

BSCS BSCSIT CNE BSA BSA BSECE BSCS BSA BSECE BSA BSA BSIT

Magna CumLaude
Bueza, Michael Joseph C. Dulay, Azenith Evangeline G. Gamboa, Raymond P. Hilario, Calvin Artemies G. Rugayan, Paula Rizza F. Santos, Patrick J. So, Louise Genevieve B. Sudaria, Jeirra May G. Taliptip, Angelus L. Torres, Ariane M.

CumLaude
Aclag, Annalyn L. Bagongon, Jeremias B. Balatero, Amerey Q. Bisa, Honeywell O. Cabesuelas, John Arian A. Canoy, Lajela C. Castillo, Jovelio Jr. D. Ceniza, Lorraine C. Chag-Usen, Andrew T. Chavez, Fredo P. Cura, Joshua M. Daigdigan, Mellicent U. Domingo, Carmicael G. Escol, Neezil V. Garcia, Joan B. Joaquin, Rowie Rustan Lerum, Maria Andrea A. Manalili, Larissa G. Mangahas, Prince Andrew C. Marcelo, Jana Inah Zipporra R. Marcelo, Kevin Chris F. Matuguinas, Maria Ruby P. Mission, Dave Austeinn M. Nido, Krista B. Padillon, Bella Luz L. Perez, Gerald Allan T. Perez, Ronnel R. Pullon, Darren Anthony T. Rellorosa, Ferdinand L. Salita, Chriz Lennin D. Sedaria, Hezron James F. Selmo, Mart Angelo C. Surabilla, Katrina Marie C. Tadeo, Maria Gemma S. Tulop, Ma. Andrea G. BSA BSA BSA BSCSIT CNE BSA BSA BSA BSCSIT CNE BSA BSECE BSCOE BSED BSCOE BSA BSECE BS ECE BSCSIT CNE BSED Bio BSED Math BSA BSCS BSA BSC INTERNAL AUDIT BEED BS IT BSBAA BSCSIT SSE BSA BSE English BEED BSE English BSECE BSA BSC INTERNAL AUDIT BSIT

Academic Distinction

Denosta, Michael Steven C. Leonardo, Jolet A. Mersado, Melchor Kenneth D. Rendon, Gerardo III P. Valencia, Rey Manuel A. Abrenica, Graniel Harne A. Aclan, Alegria G. Amador, Rose C. Amaro, Mary Ann M. Antonio, Dexter Keith B. Anzaldo, Avie Rose D. Asuncion, Michelle M.

University of Saint La Salle- Bacolod Asia Pacific College Asia Pacific College Asia Pacific College De La Salle University- Lipa University of the Philippines Diliman University of the Philippines Diliman University of the Cordilleras University of the East Caloocan National University Centro Escolar University Centro Escolar University

COMA BSECE BSCSIT CNE BSECE BSECE BS Chemistry BSCS BSED English BSA BSCS BSPM BSPM

Asia Pacific College University of the East Caloocan Saint Louis University University of the Philippines Visayas- Iloilo Cacayan, Jan Raphael D. Ateneo De Davao University Camu, Bridgette Hannah V. University of the East Caloocan Caega, Ma. Cristina A. University of the East Manila Cario, Agnes H. University of the East Caloocan Cuajao, Julius King Asia Pacific College Dandoy, Rose Anne I. University of the Philippines Diliman David Narz, Marbeth University of the Philippines Diliman David, Katherine D. Holy Angel University De Torres, Ivan Albert C. Centro Escolar University Decena, Bryner L. Technological University of the Philippines- Visayas Dela Cruz, Jorge Paul G. Technological University of the Philippines- Visayas Diaz, Charlotte M. Colegio de San Agustin Dioneda, Aia Micah P. Pamantasan ng Lungsod ng Maynila Dulfo, April B. Pamantasan ng Lungsod ng Maynila Espinosa, Adriane Paul G. Pamantasan ng Lungsod ng Maynila Estrope, Joyce Anne G. San Sebastian College Recoletos Eugenio, Mathew Angelo M. University of the Philippines Baguio Flores, Dolores C. Angeles University Foundation Gallos, Jamil M. Pamantasan ng Lungsod ng Maynila Garces, Rubina Jane G. University of the Philippines Visayas- Iloilo Gime, Eumar J. University of the East Manila Hembrador, Emir T. Far Eastern University Himar, Jyka Lei J. Central Philippine University Inderio, Diana C. Pamantasan ng Lungsod ng Maynila King, Jennelyn L. University of the Philippines Visayas- Iloilo Limin, Sheree Joyce B. Angeles University Foundation Llausas, Yves Clent O. Xavier University Lobo, Mark Anthony B. Holy Angel University Lomiwes, William L. Saint Louis University Lopez, Jessica Victoria E. Adamson University Lo, Moon Ray G. University of San Carlos Magsayo, Keith John Reymart G. Xavier University Mallari Jr., Arturo M. University of the East Caloocan Mambaje, R-Jay S. Angeles University Foundation Manalo, Clarice M. University of the Philippines Los Baos Manayan, Diana Joyce Marie L. Ateneo De Davao University Marasigan, Marche Jayzel I. Batangas State University Mendoza, Rizza M. De La Salle University- Dasmarias Mercado, Precious Marie H. Angeles University Foundation Mira, Mark Lester S. Asia Pacific College Mogarte, Clarence Xantippe R. FEU-East Asia College Moreno, Catherine P. Pamantasan ng Lungsod ng Maynila Moreno, Jenessa T. Xavier University Naragdag, Maria Teresa F. University of the Philippines Visayas- Iloilo Nicodemus, Cervantes E. FEU-East Asia College Obguia, Maricor Grace R. University of San Carlos Ocasla, Mary Jane E. Far Eastern University Peralta, Ruby Anne G. University of the East Manila Pocdolacion, Katrina B. University of the East Manila Punongbayan, Phillip M. Bulacacn State University Raymundo, Josiah O. FEU-East Asia College Rolona, Angeli Joyce A. Ateneo De Davao University Salabi, Jackie Lou C. Holy Angel University Santiago, Charmane C. University of the Philippines Diliman Sebache, Jose Irvin P. University of San Carlos Sevilla, Lyonyl Paul Q. University of Negros Occidental Recoletos Sibal, Stefanie Mary S. Pamantasan ng Lungsod ng Maynila Socias, Christine Joy T. Central Philippine University Suson April Joy D. Technological University of the Philippines- Visayas Tan, Ivy Dianne M. Angeles University Foundation Tribaco, Jonah Marie T. University of Negros Occidental Recoletos Zabanal, Mary Ann B. University of the Philippines Diliman

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Abad, Jane Paula Abad, Johmark L. Abalos, Karina May B. Abanador, Rhea Rose M. Abanes, Domingo V. Abanilla, Bryan B. Abantas, Mohammad Salic E. Abapo, Theresa Mariz I. Abello, Janina Mikaella R. Abenis, Irish M. Abias, Marck Christopher M. Abinsay, Mark Angelo B. Ablao, Ezekiel M. Abrico, John Floyd D. Abulencia, Miecah Acantilado, Rafael John G. Acebedo, Ace Camille L. Acorda, April S. Acosta, Christian B. Acosta, Mylene P. Adriano, Rose Anne Marie S. Afundar, Kristel Carol M. Agawin, Mark Harold S. Agbay, Joseph Micah L. Agda, Rhie Angelique P. Aguaras, Kirby V. Agucay, Shien A. Aguilar, Denessa Marie M. Aguilar, Heike G. Aguila, Darlene Mae E. Aguinaldo, Cindy C. Agura, Shane Marie A. Alagar, Andy G. Alair, Aileen R. Alajero, Renelyn P. Alajid, Hannie Mae C. Alao, Ricardo Jr. T. Alastoy, Desiree B. Alcala, Amier C. Alcaraz, Arvee Mae Y. Alcaraz, Jexzzel Rose B. Alcaraz, Lara Melisa B. Alcazar, Jae Erica P. Alca, Michael Lawrence G. Alcoba, Marielle Jeal T. Alcober, Ma. Kristine L. Alcozer, Mark Joseph O. Aligan, Abigail R. Alilang, Nasip A. Almazan, Cherrelyne V. Almirol, Kristine Josephine H. Alusitain, Idol R. Alvarado, Anthony O. Alvarez, Joanne B. (Laguna) Ambas, John Roben M. Amigo, John Paul P. Anahaw, Xenia Veda M. Anastacio, Princess A. Andres, Honey Lyn C. Andulan, John Jayson B. Angeles, Jessica Mae A. Angeles, Julie Ann V. Angeles, Marjorie Q. Angelitud, Dame E. Antolin, Jennifer T. Antonio, Christian Joseph B. Antonio, Dexter Keith B. Antonio, Lieza M. Anyayahan, Khristine Mae D. Anzaldo, Avie Rose D. Aoshima, Maryonette S. Apilado, Rubylyn M. Apostol, Hector M. Aquilam, Marian Grazelle P. Aquino, Angenica Louise H. Aquino, Danilyn Joy O. Aquino, Gabriel Timothy M. Aquino, Michelle M. Aracap, Mayrian I. Arag, John Paul P. Aratan, Jeri Mae R. Araullo, Dee-Jay T. Arcamo, Jonaz R. Arca, Marc Rodolf B. Arce, Christopher B. Arellano, Heizyl D. Ario, Vivian S. Armada, Hector T. Arnaldo, Jonell D. Arquero, Kenneth M. Arwino, Querubin C. Asil, Danica Junielle A. Asiero, Joel L. Ason, Louise Michelline Gille R. Asuncion, Joana Marie N.

SCHOOL
Angeles University Foundation Mindanao State University University of the East Caloocan Batangas State University Baliuag University Meycauayan College Xavier University University of San Jose Recoletos National University Rogationist College Ateneo De Naga University University of Perpetual Help Bian National University University of Negros Occidental Recoletos Far Eastern University Southern Luzon State University University of the Philippines Diliman University of the Philippines Diliman National University University of Negros Occidental Recoletos Pamantasan ng Lungsod ng Maynila Philippine Normal University University of Perpetual Help Rizal Asia Pacific College Bulacan State University Central Philippine University Asia Pacific College Philippine Normal University Pamantasan ng Lungsod ng Maynila Southern Luzon State University National University Philippine Normal University Rogationist College Polytechnic University of the Philippines West Visayas State University Cebu Institute of Technology National University University of the Philippines Diliman National University Pamantasan ng Lungsod ng Maynila University of the East Manila First Asia Institute of Technology and Humanities Rogationist College Pamantasan ng Lungsod ng Maynila University of San Carlos National University Unievrsity of the Cordilleras Asia Pacific College University of Immaculate Concepcion Saint Louis University Pamantasan ng Lungsod ng Maynila University of the East Caloocan National University Asia Pacific College Philippine Normal University University of the East Manila Cavite State University National University Philippine Normal University Rogationist College Cavite State University Philippine Normal University Philippine School of Business and Administration National University National University University of the East Caloocan National University University of the East Manila Centro Escolar University Centro Escolar University University of the East Manila Rogationist College Tarlac State University Notre Dame of Dadiangas University National College of Science and Technology National University FEU East Asia College National University University of San Carlos University of the East Caloocan Asia Pacific College National University Southern Luzon State University Pamantasan ng Lungsod ng Maynila University of Nueva Caceres First Asia Institute of Technology and Humanities Pamantasan ng Lungsod ng Maynila Far Eastern University University of the East Manila Far Eastern University National University University of the Philippines Baguio Mindanao University of Science & Technology Ateneo De Naga University University of the East Caloocan

COURSE
BSMA BSA BSA BSED Math BS EE BSA BSA BSA BSA BSA BSCOE BSED English BS CE BS ECE BSA BSED ENGLISH BSBA BEED BS CE BS ECE BSA GEN ED BS ECE BS CPE BS ECE BSA BSA GENERAL EDUCATION BSA BSED BSC Finance GEN ED BSA BSA BSE BIOLOGY BS CPE BSC Banking & Finance BSBAA BS CE BS Math BSA BSA BSA BSA BSA BSC Finance BSA BSCSIT SSE BS FA BSA BS ECE BSA BSC Finance BSA BSE English BSA BS ECE BSIT GEN ED BS COE BS ECE BSE Chemistry BSA BSCS BSCSIT CNE BSA BSCS BSA BS Pharmacy BS Pharmacy BSA BS COE BEED BSA BSA BS ECE BS ECE BSC Finance BSA BSA BSA BSED English BS ECE BSA BS CE BSA BSA BSA BSA BSA BSC Finance BS CS BS ME BS CE BSMA

YEAR ACCEPTED
2011 2011 2010 2009 2009 2008 2010 2008 2011 2010 2008 2010 2011 2010 2009 2011 2008 2007 2009 2010 2008 2009 2010 2011 2009 2009 2009 2011 2009 2011 2009 2010 2009 2010 2011 2011 2008 2007 2010 2010 2009 2010 2011 2011 2008 2009 2009 2011 2009 2011 2007 2011 2009 2007 2008 2011 2007 2009 2010 2011 2007 2008 2010 2009 2009 2010 2010 2009 2010 2010 2011 2011 2010 2011 2009 2009 2010 2009 2007 2009 2007 2010 2007 2008 2010 2010 2009 2007 2011 2007 2009 2011 2011 2009 2009

24

SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Ates, Blessel Marie G. Avergonzado, Jerrymias G. Avila, Maurice Maureen S. Avila, Mia Calleen L. Ayala, Anabelle Ayeras, Jayvee B. Azares, Mikkaella B. Azucena, Jonises Badival, Caster Jovanhoe T. Baello, Hazelyn D. Baes, Rosa Rei J. Bagtas, Maricar D. Bague, Charlene T. Baguino, Karl Jerome F. Bahian, Jhala Grace Bajarla, Cherry May O. Baja, Mark Joseph E. Balansay, Ma. Dolly Ann F. Balan, Bhellmari A. Balboa, Rachel H. Balcita, Aira Janne T. Baldiviano, Shienna Dianne V. Ballo, Jerhico J. Balsomo, Evan John V. Baluran, Eldrich N. Banac, Zyrah S. Banal, Sarah Jane C. Banayat, April May B. Baga, Nile Kris Jan P. Banga, Noel C. Bangud, Christin D. Banzuela, Ana Bernadett P. Baquial, Razel Ann Marie S. Barbacena, Sheila Marie C. Barbin, Roselle S. Barcel, Crizza S. Barce, Nylma Mae A. Baritua, Michelle B. Barona, Jannen B. Barredo, Peter Emmanuel V. Basmayor, Joyce Belle B. Bastareche, Mark Anthony R. Batangan, Irine D. Batedio, Jym B. Batua, Saddam V. Batu, Jairenz T. Bauan, Christian Andrei C. Bautista, Armie P. Bautista, Maureen Suzette Y. Bautista, Nadjla B. Bayani, Carmoneth B. Baybayon, Cedric Aeron R. Becido, Olivia M. Belen, Karen Gil P. Belir, Roderick M. Belonio, Christine Joy F. Benedicto,Joan M. Benjamin, Jeanine B. Bernardino, Kimberly R. Bernardo, Paolo Jerico C. Bersabe, Cede T. Bilasa, Sherly-Mae R. Billones, Leny Grace B. Binasoy, Sarah Jean C. Binuya, Danyka Marie S. Biscocho, Derek Eric S. Bitgue, Tristan Q. Blanca, Donita Rose S.J. Blanca, Nhesty Jay T. Boco, Mary Rose A. Bolima, Dominic P. Bolis, Misael C. Bongkahig, Janessa Joy T. Bonifacio, Raquel D. Bravo, John Gerald P. Bregente, Jonna Mae A. Brillantes, Allen Kaye M. Briones, Isagani T. Briones, Maureen S. Broas, Bryan Dave Broosa, Ma. Charmaine I. Bucalan, Junnel Jade L. Buenaventura Jr., Ariel B. Bueno, Maricar G. Bulangis, Shamah S. Bulanon, Aaron R. Bulatao, Gembong L. Bunal, Frederick James T. Burgos, Bill Ray Buri, Jenefer T. Bustamante, Mark Anthony R. Bustamante, Yhoissa P. Bustos, Ricky M. Cabadin, Abigail S. Cabahug, Lorie Jean G.

SCHOOL
Ateneo De Davao University National University University of Perpetual Help Bian University of San Carlos Philippine Normal University FEU- East Asia College National University National University University of the Cordilleras University of the East Manila Asia Pacific College FEU- East Asia College Laguna College of Business and Accountancy FEU- East Asia College Xavier University Xavier University National University University of the East Caloocan National University Jose Rizal University National University Pangasinan State University Pamantasan ng Lungsod ng Maynila Technological University of the Philippines Bacolod Xavier University Southern Luzon State University Manuel S Enverga University Foundation National University Central Philippine University National University University of the Philippines Visayas Angeles University Foundation Xavier University National University Asia Pacific College National University Cavite State University University of the East Caloocan University of the East Caloocan Asia Pacific College National University Notre Dame of Dadiangas University Far Eastern University Xavier University National University Holy Angel University University of Batangas Batangas State University University of Batangas Asia Pacific College Manuel S. Enverga University Foundation National University University of Batangas University of Nueva Caceres University of Nueva Caceres Notre Dame of Dadiangas University National University Technological University of the Philippines- Visayas National University FEU- East Asia College Far Eastern University Pamantasan ng Lungsod ng Maynila Central Philippine University Central Philippine University Asia Pacific College Saint Louis University Central Philippine University University of Nueva Caceres Central Philippine University National University University of Nueva Caceres Tarlac State University University of the Philippines Los Baos National University Asia Pacific College Far Eastern University Asia Pacific College University of Mindanao University of Nueva Caceres Asia Pacific College Meycauayan College Asia Pacific College National University National University University of the Philippines Diliman Xavier University Saint Louis University University of the East Manila University of the Philippines Diliman National University National University University of the East Caloocan Notre Dame of Dadiangas University Philippine Normal University Asia Pacific College

COURSE
BSA BS CE BSA BSMA GEN ED BS ECE BSC Finance BSCS BSED BS ACT BSCSIT SSE BS ECE BSED English BSCS BSA BSA BSA BSA BS ECE BSA BSC Management BS CE BSA BS ME BSED English BSA BSA BS ECE BSCS BS ECE BSA BSA BSA BSCS BSA BSC Finance BS COE BSA BSA BS CPE BSA BSA BSA BS CS BSA BS IT BS EE BSED Biology BSA BSA BSCOE BSCS BSA BSA BSA BSBA MANAGEMENT BS ECE BS ECE BSC Finance BSCPE BSA BSA BSA BSA BSA BS ECE BSA BSA BSA BSCS BS ECE BS EE BSCS BSC Finance BS COE BSA BSA BS ECE BSA BSA BSA BSA BSA BSC Management BSE BSA BSA BSA BS COE BSA BSCS BSA BSED GEN ED BS IT

YEAR ACCEPTED
2009 2009 2010 2008 2009 2011 2011 2009 2010 2009 2008 2011 2011 2008 2009 2011 2009 2010 2008 2009 2010 2011 2008 2010 2008 2010 2010 2009 2010 2010 2008 2009 2011 2009 2009 2008 2011 2008 2007 2011 2011 2011 2009 2011 2009 2011 2011 2009 2011 2008 2007 2009 2009 2010 2010 2011 2011 2007 2009 2008 2009 2009 2010 2011 2008 2008 2007 2011 2008 2009 2008 2010 2011 2009 2010 2010 2009 2007 2011 2009 2008 2009 2011 2010 2011 2011 2010 2011 2011 2011 2010 2007 2011 2009 2011

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Cabaliza, Cindy P. Cabaa, Juan Gabriel G. Cabato, Charles E. Cabeguin, Anjanette Nice L. Cabello, Nia M. Cabiliza, Nickie Bryan L. Cabisora, Rose Ann B. Cabotaje, Arnie A. Cabral, Nhellia V. Cabrera, Marica Elaine D. Cabrera, Sara Gabrielle P. Caculitan, Edfhellien D. Cadiang,Jelly D. Caganap, Sir Nio B. Cagara, Arvin Angelo B. Cajanding, Doreen Joyce G. Cajanding, Fernando III P. Cajes, Diana L. Cajigas, Realeen L. Calamiong, Ann Kristine R. Calapatia, Roselle A. Calara, Vivianne T. Calimag, Ann Merjierette M. Calimbo, Lexcille V. Camacho, Ivan Karl B. Camacho, Lawrence Christopher S. Cama, Louisa A. Camenting, Jennifer Z. Camiros, Arnold B. Cancico, Cherry Ann O. Cang, Jasmin Joy G. Canilao, Haizlyne Jade R. Cao, Phillip B. Cansino, Derick P. Canua, Kathleen Venus B. Canuel,John Olly V. Caparal, Heizelle M. Caparanga, Lanie L. Capili, Dannah-Cris M. Capistrano, Lyka Camille C. Capul, Marc Jay P. Caraan, Kristil Joy S. Carbungco, Nichole I. Carcallas, Mark David P. Carillo, Faith N. Carmen, Julius C. Caronan, Jasmin M. Casalme, Van Joseph E. Casilao, Pauline Kate R. Castaeda, Joanna Paula P. Castillo, Cesar Jr. Castillo, Jenny D. Castillo, Vince Neil T. Castromayor, James G. Castro, Jan Lorenz N. Cas, Jane F. Catarina, Ariel Jay D. Catarroja, May Ann O. Catherine J. Quirino, Catherine J. Cayanan, Nikki C. Cayubit, Iran Jem I. Celestino, Elgine L. Celestino, Lady Camille P. Celis, Jeselle I. Ching, Larah Angelica L. Chiong, Nicolas Arvin S. Chua, Erika Muriel P. Circulado, Maria Ana A. Como, Jimbooh P. Con-ui, Dianne Caryl C. Concepcion, Jejomar M. Consuelo, Marvin C. Consultado, Christian R. Cordero, Camille Jane G. Cordova, Mark Joseph P. Corral, Adrianne Jean I. Cortez, Dhon Josef B. Coscos, Hannah Jane Costales, Jeanifer B. Co, Jehdeiah S. Credo, Naomie P. Crisostomo, Audree Joy L. Cruto, Maybelyn M. Cruz, Carissa D.L. Cruz, Christian Loisse B. Cruz, Liaa Esmeralda V. Cruz, Rae Louisse N. Cualquera, Keith Ian P. Cuibillas, Diana B. Cui, Alyssa Ave G. Curtan, Ramon Jr. C. Cusi, Pink Zarina Marie T. Daculara, Liezel B. Dacup, Reziel P. Dag-ay, Phoebe J.

SCHOOL
Asia Pacific College University of the Philippines Diliman University of Mindanao University of Mindanao Pamantasan ng Lungsod ng Marikina National University Pamantasan ng Lungsod ng Maynila Jose Rizal University Batangas State University Main Lipa City College Holy Angel University Tarlac State University Tarlac State University Quezon City Polytechnic University of the Philippines National University Asia Pacific College Philippine School of Business and Administration Pamantasan ng Lungsod ng Maynila FEU- East Asia College Pangasinan State University Far Eastern University University of Perpetual Help System- Rizal University of the East Manila University of the Philippines Diliman FEU- East Asia College Philippine Normal University Meycauyan College National University University of the East Caloocan University of Southeastern Philippines University of the Philippines Visayas Angeles University Foundation Cebu Institute of Technology Asia Pacific College National University Philippine Normal University FEU- East Asia College University of Nueva Caceres University of the East Manila Manuel S. Enverga University Foundation University of Cebu Lapu-Lapu & Mandaue First Asia Institute of Technology & Humanities Angeles University Foundation Cavite State University FEU- East Asia College National University University of the Philippines Los Baos University of the Philippines Diliman Batangas State University Main Mindanao State University Far Eastern University Polytechnic University of the Philippines Batangas State University Lipa Asia Pacific College Asia Pacific College National University Cebu Institute of Technology Philippine School of Business Administration National University Holy Angel University FEU- East Asia College Meycauayan College Bulacan State University Ateneo de Naga University Asia Pacific College Cebu Institute of Technology University of Immaculate Concepcion Asia Pacific College University of Batangas University of the East Manila Far Eastern University Pamantasan Lungsod ng Maynila Pamantasan ng Lungsod ng Maynila Holy Angel University University of Negros Occidental Recoletos Asia Pacific College Asia Pacific College Philippine School of Business and Administration Lyceum Northern Luzon College Pamantasan ng Lungsod ng Maynila National University University of the East Caloocan Cavite State University Meycauayan College Pamantasan ng Lungsod ng Maynila Pamantasan ng Lungsod ng Maynila FEU- East Asia College Notre Dame of Dadiangas University Ateneo de Naga University National University Asia Pacific College University of Batangas University of San Carlos Xavier University National University

COURSE
BSA BS COE BSA BS COE BSA BS COE BSA BSED English BSA BSA BSA BSE CHEMISTRY BSA BS EM BS ME BS ECE BSA BSA BS ECE BS CE BSA BSED BSA BS EE BS CE GEN ED BSA BSC Finance BSA BS ECE BSA BS MA BS ECE BSA BSC Finance GENERAL EDUCATION BS COE BSA BSA BSA BS EE BS IT BSA General Engineering BSIT BSC Management BSCS BS CE General Engineering BSA BSA BS COE General Engineering BS ECE BS COE BSC Finance BS ECE BSA BSA BSA BS ECE BSA BS CE BSA BSA BS CE BSA BSCSIT IT BS EE BSA BSBA IA BS ME BS ECE BSA BSCS BSA BSCPE BSA BSA BSA BSC Finance BSA BSA BSA BS CE BS Math BS CE BS CE BSA BSA BS ECE BSED BSA BS Math BSCS

YEAR ACCEPTED
2011 2010 2009 2011 2009 2010 2009 2010 2010 2009 2008 2011 2011 2010 2011 2011 2009 2009 2010 2008 2009 2011 2007 2010 2010 2010 2011 2009 2008 2010 2011 2011 2009 2010 2009 2011 2010 2009 2011 2008 2009 2011 2008 2010 2009 2010 2008 2010 2010 2011 2009 2010 2010 2008 2010 2010 2011 2011 2011 2010 2010 2009 2009 2010 2009 2009 2010 2009 2011 2007 2011 2010 2007 2011 2008 2011 2009 2009 2009 2009 2009 2009 2011 2010 2009 2009 2011 2011 2011 2011 2007 2011 2010 2011 2009

26

SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Daguio, Roi Josef M. Dalisay, Grace L. Dandan, Joey A. Darantinao, Sheila Rose M. Dato-on, Vanezza Mae I. David, Hexcel S. David, Mark Anthony A. David, Paul Martin P. Dayag, Jincky B. De Alday, Carlo B. De Asis, Christine O. De Asis, John Ved G. De Cadiz, Alyssa Marie S. De Castro, Verna C. De Chavez, Andrea Licci A. De Chavez, Mary Rose Maya De Gracia, Jess Marrion L. De Gracia, Rozend C. De Grano, Princess Maica A. De Guia, Joyce Louise C. De Guzman, Jesselle De Guzman, Mary Ann Janette P. De Guzman, Shae Marie Y. De Jesus, Carlo B. De Jesus, Melissa J. De Jesus, Rhomarie Jean C. De Juan, Maria Ruvi B. De Keyser, Letty B. De la Cruz, Ian Samuel B. De Los Reyes, Yna Terese C. De Torres, Ivan Albert C. De Torres, Suzette A. De Vega, Renz Jester P. De Vera, Angelica C. De Vera, Anna Rose M. Deang, James Bryan S. Deatras, Job D. Decena, Angelo A. Del Rio, Rain Beaux E. Del Rosario, Kevin Nathaniel D. Del Rosario, Michael John F. Del Valle, Jeanette H. Dela Cruz Jr., Wilfredo S. Dela Cruz, Abigail M. Dela Cruz, Crisante C. Dela Cruz, Jerome P. Dela Cruz, Joseph C. Dela Cruz, Kenneth E. Dela Cruz, Lizeth D. Dela Cruz, Mara Mae B. Dela Cruz, Sean Melvin John U. Dela Cruz, Wienalyn T. Dela Paz, Mara Patricia T. Dela Paz, Nur- Inee U. Dela Vega, Mharc Djan P. Deliguin, Mecha M. Delos Reyes John Edward D. Delos Santos, Devie M. Delos Santos, Michael John S. Delos Santos, Rachel V. Deniega, Marmie Dyan Denosta, Marvic P. Deocampo, Christian P. Depayso, Wayjorie A. Dequio, Dianne Louise M. Dequin, John Michael H. Deroja, Orvil L. Despabeladero, Lady C. Diesta, Mark Alexis C. Diesto, Christopher E. Dimaano, Krizza Jane Dimafelix,Karen Kate H. Dimapilis, Joshua C. Dimarucot, Kayle Lucerne S. Dionson, Clytie D. Dioso, Olga Marie Dizon, Darrel B. Dizon, Jarrell R. Dizon, Marielle Nicole S. Dizon, Michelle C. Domingo, Ayana Nneka B. Dorado, Jerick M. Doria, Aira C. Dotollo, Ma. Rencel Jessa R. Duaves, Claribel A. Duero, Ma. Theresa S. Duga, Regine N. Ednacot, Elaine D. Egot, Khristine F. Elizondo, Kimberly Mae B. Ellao, Dyan Marjorie I. Empio, John Ronald G. Enad, Harlene D. Englis, Jamaica P. Enriquez, Mary Grace A.

SCHOOL
National University Lipa City College De La Salle University- Dasma Asia Pacific College Philippine School of Business and Administration Angeles University Foundation Holy Angel University University of the East Caloocan Asia Pacific College University of Nueva Caceres Asia Pacific College FEU- East Asia College National University Batangas State University National University University of Batangas Xavier University Batangas State University University of the Philippines Diliman FEU- East Asia College Asia Pacific College National University Saint Louis University Angeles University Foundation University of the East Caloocan Pamantasan ng Lungsod ng Maynila National University University of the Assumption University of the East Caloocan FEU- East Asia College Centro Escolar University University of the Philippines Los Baos Holy Angel University Bulacan State University National University National University Central Philippine University University of Perpetual Help Bian Manuel S Enverga University Foundation National University University of the East Manila National University Quezon City Polytechnic University of the Philippines National University Pangasinan State University Baliuag University National University University of San Agustin Pamantasan ng Lungsod ng Maynila National University FEU East Asia College Cavite State University Asia Pacific College Asia Pacific College University of Nueva Caceres Asia Pacific College Asia Pacific College Asia Pacific College National University Asia Pacific College University of San Jose Recoletos Far Eastern University Asia Pacific College Saint Louis University Asia Pacific College University of Negros Occidental Recoletos University of Negros Occidental Recoletos De La Salle University Dasma San Sebastian College Recoletos Central Philippine University Laguna College of Business & Arts National University Asia Pacific College National University West Visayas State University University of Saint La Salle Asia Pacific College Asia Pacific College National University National University National University Lipa City College Far Eastern University National University University of Mindanao National University Mindanao State University Cavite State University Mindanao State University Asia Pacific College National University Technological University of the Philippines- Visayas University of San Jose Recoletos University of San Carlos First Asia Institute of Technology and Humanities

COURSE
BSA BSA BS ECE BSA BSA BS MA BSA BSA BSA BS ECE BSA BS CE BSIT BSA BS CE BSA BSA BS ECE BS CE BS ECE BSA BS CE BSA BS ECE BSA BSBA Finance & Treasury Mgt. BS ECE BSA BSA BS COE BS Pharmacy BSCS BSA BSED Math BS IT BSE ENGLISH BS ME BSCS BSA BS CE BS ACT BS ECE BS EM BSA BS ME BSBA MA BS CE BSA BSA BSC Management BSCS BS ECE BS ECE BSCSIT- CNE BSA BS ECE BSCSIT SSE BSA BS CE BS ECE BSA BSBA IA BSCSIT SSE BSA BSCSIT IT BS CE BSA BSIT BSA BSA BSA BS COE BS IT BS ECE BSED Physics BSA BS ECE BS ECE BS CE BSC Finance BS EE BSED English BSBA IA BSED BSA BS CE BSA BSA BEED BS IT BSC Finance BSCOE BSA BSA BS ECE

YEAR ACCEPTED
2011 2008 2007 2009 2009 2010 2010 2007 2006 2008 2009 2011 2009 2008 2010 2009 2008 2007 2011 2011 2010 2011 2009 2008 2009 2009 2010 2009 2011 2010 2010 2010 2007 2010 2011 2011 2011 2010 2009 2011 2008 2009 2010 2011 2010 2009 2009 2009 2008 2010 2010 2011 2011 2010 2010 2010 2011 2009 2011 2007 2009 2011 2008 2007 2009 2011 2008 2009 2009 2009 2009 2011 2011 2011 2009 2009 2008 2010 2010 2009 2009 2008 2011 2009 2009 2011 2011 2010 2011 2011 2009 2008 2008 2009 2008

27

SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Escalona, Yul Gimry Brionne D. Escao, Maria Jessica R. Escolano, Desire Mari D. Escorpiso, Kathleen A. Esguerra III, Benigno J. Esona, Robelyn S. Espaola, Jyra M. Espanto, Michelle Ann B. Espino, Mark Anthony G. Espiritu, Jessica B. Espiritu, Princess C. Estoque, Arjay M. Esto, Meriah Kate G. Estrada, Angelica E. Estrada, Lito C. Estrella, Bonn Jovi L. Estrella, Djeriel R. Estrella, Myka Angelica R. Eugenio, Jai Rabbai A. Evangelista, Grace Jaireh G. Exito, Jerome A. Eyana, Jonas P. Fajardo, Charmaine Ann M. Fallorin, Tezza Marie D.C. Farase, Charity Mae E. Faria Jr., Ricardo N. Fausto, Mark John V. Fava, Michael John D. Fernandez, Karl Angelo D.P. Fernando, Angelyn C. Ferrer, Arnold O. Ferrer, Fatima G. Fiesta, Amos C. Figueroa, Franz R. Flores, Jane Grace L. Flores, Kerven G. Flores, Machris Czereanah P. Flores, Pamela Mae P. Flores, Ritche Orven P. Formales, Myreen B. Fortuna, Stacey Ray O. Francia, Angelica A. Francisco, Alevialyn E. Froilan, Kate Alyssa M. Gabalfin, Kayzelle Anne C. Gaba, Darwin C. Gabriel, Barbara Joy Z. Gadiano, Jonathan Y. Gaelon, Charmine R. Galang, Criscel L. Galeno, Andrew John A. Gallardo, Bryan Jessie B. Gallardo, Shallimar T. Galope, Shallel P. Galos, Rose Ann Jane J. Gamboa, Patrick Lawrence S. Gammuac, Marie Lorraine Joy E. Gaa, Marie Antonette S. Gan, Klarisse Aimee M. Gapasin, Pamela Anne D. Garayan, Jerald C. Garces, Jeanno Rhey B. Garcia, Crisanto T. Garcia, Geraldine Grace G. Garcia, John Paulo DC. Garcia, Juan Lucas C. Garcia, Melvin P. Garcia, Romila V. Garcia, Romy D. Garcia, Wendy P. Gatbunton, Perlie B. Gatchalian, Arlene A. Gatchalian, Yani Gemuel M. Gatdula, Jennelyn C. Gatpandan, Imee Diane G. Gaw, Benedick M. Gejis, Margin S. Gemora, Dianne Marie G. Genovia, Roy Jr. P. Gerona, Neneth Gerong, Jezzelyn J. Gica, Kristel Joice C. Giner, Medilyn B. Gipulan, Gladys B. Gler, Jacklyn R. Glodo, Robilyn R. Gloria, Luisa Alyanna L. Golez, Paul Edward T. Goloran, Dammie I. Gomez, Riel A. Gongora, Christine Kaye A. Gonzaga, Rose Ann P. Gonzales, Arlene Gonzales, Harriet Angeli A. Gonzales, John Richard B.

SCHOOL
First Asia Institute of Technology and Humanities National University Mindanao State University University of San Agustin University of Nueva Caceres University of Saint La Salle Philippine Normal University University of Mindanao Tarlac State University University of Perpetual Help Bian University of the East Caloocan Rogationist College Pamantasan ng Lungsod ng Maynila Philippine School of Business and Administration Lyceum Northern Luzon College National University National University University of the East Caloocan Philippine Normal University Baliuag University National University University of the Philippines Los Baos National University Asia Pacific College University of Mindanao University of San Agustin National University Bulacan State University University of the East Manila Asia Pacific College National University Saint Louis University Tarlac State University University of the East Caloocan Ateneo De Davao University University of San Carlos National University Asia Pacific College University of the Cordilleras University of the Philippines Los Baos University of San Carlos University of the East Caloocan National University Rogationist College Asia Pacific College University of Perpetual Help System- Bian University of the East Caloocan Jose Rizal University Southern Luzon State University University of the Philippines Los Baos Bulacan State University National University University of San Carlos Colegio De San Agustin National University Asia Pacific College University of the Philippines Los Baos Tarlac State University National University De La Salle University- Dasma Pangasinan State University Pangasinan State University National University Philippine Normal University Baliuag University Asia Pacific College Philippine Normal University Ateneo De Naga University Holy Angel University Pamantasan ng Lungsod ng Maynila University of the East Caloocan Baliuag University Baliuag University Asia Pacific College Rogationist College Saint Louis University University of Perpetual Help Rizal Asia Pacific College University of Saint La Salle Naga College Foundation National University Asia Pacific College University of San Agustin University of Negros Occidental Recoletos Asia Pacific College Laguna College of Business and Arts Far Eastern University University of Cebu Banilad University of the East Caloocan FEU East Asia College Southern Luzon State University University of the East Caloocan Bulacan State University University of the Philippines Visayas Cebu Ateneo de Davao University

COURSE
BS IT BSIT BSA BSBA MA BS EE BS MA GENERAL EDUCATION BS COE BSA BS CE BSA BSA BSA BSA BSA BSED BSA BSA GEN ED BSA BS ECE BS CE BSA BSCSIT SSE BS CE BSA BS IT BS EE BSA BSCSIT SSE BS CE BSA BS ECE BS ECE BS MA BSA BS ECE BSA BSA BS CE BSA BSA BS CE BSA BS IT BS CE BS ECE BSMA BSA BS CE BSA BSED English BSA BSED English BSED BSA BS Math BSA BS CE BSCS BSIT BSIT BSIT GEN ED BSA BSA GEN ED BS ECE BSA BSA BS ACT BSA BSA BSA BSA BS CE BSA BSA BSA BSED English BSC Management BSCSIT SSE BS ACT BSA BSA BSA BSA BS IT BSA BSCPE BSA BSA BSIT BSCS BS ME

YEAR ACCEPTED
2010 2009 2011 2008 2011 2010 2011 2010 2011 2010 2009 2010 2009 2010 2010 2009 2010 2011 2009 2008 2009 2010 2011 2009 2011 2010 2010 2011 2010 2009 2009 2011 2010 2007 2008 2007 2009 2008 2011 2011 2009 2011 2010 2010 2011 2011 2007 2008 2011 2011 2011 2011 2007 2009 2009 2010 2010 2010 2009 2008 2010 2008 2009 2009 2008 2010 2010 2011 2009 2010 2010 2008 2010 2009 2009 2009 2008 2008 2008 2009 2010 2010 2009 2008 2007 2008 2010 2010 2011 2009 2008 2007 2009 2010 2010

28

SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Gonzales, Lemon James L. Gonzales,John Romar C. Gorgod, Farah Jane E. Goyon, Paul Allan Y. Gozon, Emmanuel C. Go, Blessy Angeli B. Go, Kim Mikah B. Grampa, Kevin E. Granado, Jesshell S. Guanlao, Armand V. Gueco, Maria Allyson S. Guerrero, Jubele V. Guevarra, Andy M. Guevarra, Christian Ian L. Guiala, Jennyl Erika N. Guico, Melody B. Gutierrez, Mary Ann D. Habacon, Gilbert R. Habunal, Jessica Aliana S. Hagos, Sheilla Joyce B. Herico, Joanne May A. Hernandez, Eileen Mae P. Hernandez, Glenda S. Hernandez, Kriel S. Hidalgo, Brixie Joy B. Hidalgo, Mark Jo Vincent S. Hipolito, Mary Con M. Ibasco, Monaliza D. Idos, Mark Allen M. Ignacio, Sharmine S. Ignalig, John Paul S. Ilustrisimo, Cedric B. Iman, Gentner C. Impas, Key S. Inson, John Cyril O. Ison, Diane E. Jacinto, Joemark L. Jacinto, Nikko Q. Jacob, Marc Al Francis Jamolo, Elemar G. Jandayan, Haidee B. Janea,Jeriza Pearl S. Jarabelo, Donabeth P. Jarabelo,Anna Ruby M. Javar, Redito Q. Jocson, Kervin John C. Jocusol, Edneil D. John Cedric G. Jordan, Michael Kent D. J. Jose, Kath Leen A. Jose, Quennie V. Jose, Ross Angela P. Josol, Jeffrey Christian M. Juan, Pamela Rose A. Junco, Kristina A. Kalaw, Janine G. Kalaw, Jennifer F. Karasig, Mary Rose V. Killase Jr., Alex A. Kinichon, Daryl S. Laban, Ivy Kieve D. Labiran, Jezreel Jane P. Laborte, Aljon D. Lacap, Mikee Angelica C. Lacap, Quennie P. Lacdao, Jessica Ysabel S. Lacorum, Michelle R. Ladesma, Marlon M. Ladislao, Bon Joey S. Lagasca, Arianne Mel G. Lagasca, Lorie May B. Lagata, Kelvin Klein F. Lajada, Irene E. Lajara, Emerson S. Lamac, Aizielle Joy S. Landicho, Norie Ann A. Lanot, Ma. Marinella Joyce M. Lara, John Christian Y. Laroza, Rosan Joy J. Lastimosa, John Carl B. Lauresta, Brylle James P. Lauron, John Paul V. Lava, John Michael T. Laya-an, Jocel Christine M. Layaguen, Debra Jade Z. Lazarte, Chino M. Legaspi, Anna Charisse P. Leong, Kim E. Librando, Venus A. Licardo, Christian Paulo J. Licudo, Francisco D. Lijauco, Carlo Cedric D.L. Limos, Eric C. Lim, Jayvee T. Llabres, Jelly Ann L.

SCHOOL
University of the East Caloocan Saint Louis University Xavier University National University FEU East Asia College Pangasinan State University Cavite State University Asia Pacific College National University National University Asia Pacific College Lipa City College Asia Pacific College Pamantasan ng Lungsod ng Maynila FEU East Asia College University of San Carlos National University University of the Philippines Los Baos Central Philippine University Pamantasan ng Lungsod ng Maynila Cavite State University Asia Pacific College Manuel S. Enverga University Foundation Bulacan State University Asia Pacific College Saint Louis University Holy Angel University Rogationist College Lyceum Northwestern University Pamantasan ng Lungsod ng Maynila FEU- East Asia College Holy Angel University University of Mindanao Philippine School of Business and Administration Asia Pacific College Polytechnic University of the Philippines National University Adamson University University of Nueva Caceres University of San Agustin National University University of San Carlos Central Philippine University Philippine School of Business Administration Lyceum Northwestern University University of the Philippines Diliman Asia Pacific College FEU East Asia College Batangas State University Asia Pacific College Universidad De Sta. Isabel Asia Pacific College University of Mindanao Polytechnic University of the Philippines Asia Pacific College Batangas State University Lipa University of Batangas Bulacan State University University of the Cordilleras Saint Louis University Saint Louis University National University National University University of the Philippines Los Baos University of the Cordilleras Far Eastern University Tarlac State University Asia Pacific College Dela Salle University Lipa Asia Pacific College University of the Cordilleras FEU East Asia College Asia Pacific College Dela Salle University Lipa Pamantasan ng Lungsod ng Maynila De La Salle University Lipa FEU East Asia College Centro Escolar University San Sebastian College Recoletos Notre Dame of Dadiangas University Batangas State University- Nasugbu Centro Escolar University Far Eastern University National University National University University of Perpetual Help- Bian Rogationist College Ateneo De Davao University University of the East Manila Southern Luzon State University Lyceum Northern Luzon College Asia Pacific College Asia Pacific College National University Southern Luzon State University

COURSE
BS ECE BSA BSA BS CE BSCS BS CE BSA BS ECE BS CE BS IT BSCSIT SSE BSED English BSCSIT SSE BS IT BSIT BSCS BSA BS MST BSA BSA BS ECE BS ECE BSCOE BS ECE BSA BS CE BSA BS ECE BSA BSA BS ECE BSA BSA BSA BSA BSA BS CE BS ECE BSA BSA BSED BSA BSIT BSA BSA BSCOE BS ECE BS CE BS EE BSA BSED English BSA BSA BSA BSA General Engineering BS ECE BS ECE BSA BSIT BSA BSCS BSC Management BSCS BS CE BSBA IA BSA BSA BS ECE BSA BSED Math BS CE BSA BS COE BSA BSA BSIT BS Pharmacy BS ECE BSA BSSED BS Pharmacy BSC INTERNAL AUDIT BSCS BS CE BS ECE BS IT BSCS BS ACT BS ECE BSA BS COE BSA BSCS BSED English

YEAR ACCEPTED
2007 2011 2009 2010 2009 2009 2009 2011 2010 2011 2009 2010 2009 2011 2009 2008 2011 2011 2009 2008 2011 2008 2011 2007 2010 2011 2009 2010 2009 2009 2011 2010 2011 2009 2009 2011 2009 2007 2009 2009 2009 2011 2010 2011 2011 2007 2008 2010 2011 2009 2009 2007 2009 2009 2009 2010 2007 2008 2010 2009 2010 2009 2010 2010 2010 2011 2010 2009 2009 2008 2009 2010 2009 2010 2011 2008 2008 2010 2011 2011 2011 2010 2008 2009 2009 2007 2010 2008 2009 2008 2009 2008 2009 2009 2009

29

SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Lolo, Jayson P. Lontoc, Maricel D. Lopez, April M. Lopez, Jeferson F. Loprandado, Danalee Mae I. Loresco, Ma. Cristina W. Lorica, Emerald L. Loyola, Lester L. Loyola, Liezel S. Luangco, Mergieli T. Luansing, Michael Ariel B. Lucero, Juanito Jr. N. Lugtu, Sheryl Anne Lumanglas, Joven Kriz G. Lumbera, Maxell P. Luna, Kolleen B. Mabalot, Samantha Joyce G. Mabansag, Charmaine Mae Macaraig, Preetslyn M. Macatangay, George Matthew B. Macawile, Remson Mark C. Macrohon, Arjayson A. Madis, Maria Anna Jesusa R. Magallanes, Mark Paul M. Magallanes, Reygelyn T. Magday, Joseph D. Magpantay, Mark Joseph I. Magsino, Nataniel P. Magtibay, Reniel B. Mala-ay, Kris Avein G. Malabag, Abigail D. Malabanan, Danjoven T. Malamion, Eunice Joy Male, Kia R. Malfarta, Flouelin P. Maliwat, Cyndi M. Malonzo, April Rose M. Manalad, Glen Cris A. Manalo, Aleana Marie N. Manalo, Algeneve L. Manalo, Eramie O. Manansala, Bonn Christopher O. Maa, Rose Ann O. Mangilaya, Ariane L. Mangubat, Jayverlie C. Manhulad, Jeffry C. Manimtim, Sarah Joy P. Maniquis, Quennie Jaybee G. Manlangit, Charlene C. Manla, Junnair B. Manongas, Nia Jane C. Manongsong, Christine Jean A. Maosca, Rob Amiel L. Mansujeto, Mharz S. Manuel, Kenneth F. Maralang, Ivy Joy M. Maramara, Kristine S. Maranan, Oly C. Marasigan, Nikko T. Marba, John Marie G. Marco, Mark Aldrin R. Marfil, Christian T. Mariano, Christian Angeli L. Marilla, John Allen V. Marimat, Katherine V. Marqueses, Danica Joy Z. Martinez, Jennifer B. Martinez, Marvin D. Martinez, Miguel A. Martinez, Paul Angelo M. Martino, Luigi Martin L. Martin, John Vincent L. Marzan, Diana Christine D. Matanguihan, Jonathan G. Matias,Irus John T. Maunahan, Alexandria P. Mayor, Sanica Jenine Q. Medina, Carl Justin U. Medrano, Sandra Andrea A. Mempin, Nikki U. Mendez, Fritz C. Mendoza, Katrina A. Mercado Jr., Arturo D. Mercado, Evan Louie M. Mercado, Princess Dianne A. Mercolita, Ruthel Shayne E. Miano, John Kenneth D. Michelle M. Miguel, Gene Micahel T. Milanes, Mary Armi G. Milano, Wilson G. Mina, Jally Mae O. Miranda, John Paulo C. Miranda, Mikee C. Miranda, Ronaile A.

SCHOOL
University of Mindanao Asia Pacific College Holy Angel University University of the Cordilleras University of the Philippines Los Baos Far Eastern University Manuel S Enverga University Foundation Dela Salle University Dasmarias Rogationist College National University National University Cebu Normal University Cavite State University University of Perpetual Help Bian University of the Philippines Diliman Saint Louis University Far Eastern University Liceo De Cagayan University National University University of Perpetual Help Bian National University University of Immaculate Concepcion De La Salle University- Dasma Cebu Institute of Technology University of Negros Occidental Recoletos Tarlac State University National University Technological University of the Philippines- Visayas FEU- East Asia College University of Negros Occidental Recoletos National University Asia Pacific College Asia Pacific College University of Makati University of the Philippines Visayas Iloilo Angeles University Foundation Pamantasan ng Lungsod ng Maynila San Sebastian College Recoletos de Cavite Philippine Normal University Cavite State University National University National University National University Pamantasan ng Lungsod ng Maynila Batangas State University Liceo de Cagayan University National University FEU East Asia College Bulacan State University National University University of San Jose Recoletos National University National University National University National University Cavite State University University of Mindanao University of the East Manila National University University of Negros Occidental Recoletos FEU East Asia College University of Perpetual Help System- Bian University of Immaculate Concepcion University of Mindanao Rogationist College Pamantasan ng Lungsod ng Marikina Tarlac State University Tarlac State University Saint Louis University Bulacan State University Far Eastern University Baliuag University Asia Pacific College Batangas State University Nasugbu Bulacan State University Cavite State University Asia Pacific College Cavite State University National University Baliuag University University of San Agustin Rogationist College Lipa City College FEU East Asia College University of Batangas University of the Philippines Visayas FEU East Asia College Centro Escolar University University of the East Manila Asia Pacific College Ateneo De Naga University Lyceum Northen Luzon College Batangas State University Lipa National University San Sebastian College Recoletos

COURSE
BS EE BSA BSA BS CE BSCS BSA BSA BSA BEED BSC Management BSC Finance BSED Math BSED ENGLISH BSA BS CE BSA BSA BSA BSA BSA BS ECE BSA BSA BS CE BS ECE BS EE BSA BS ME BS COE BSA BS ECE BSA BSA BSMA BSCS BSA BS CE BS ECE GEN ED BSA BSCS BS CE BS COE BSA BSED Math BS IT BS ECE BS IT BSED Biology BS ECE BSA BSA BSCS BS ECE BSED ENGLISH BSA BSA BSA BS CE BS CE BS ECE BS ECE BSA BSA BS ECE BSBA Mgt. BSCS BS CE BS ECE BS IT BSA BSBA BSA BSMA BS CE BSIT BSA BS CE BSC Finance BSBA MA BS ACT BSED English BSBA Financial Mgt. BS ECE BSA BSA BS ECE BS Pharmacy BSA BSA BS CE BSIT BS ECE BS CE BSA

YEAR ACCEPTED
2010 2007 2008 2010 2009 2007 2010 2010 2010 2010 2009 2008 2011 2008 2007 2008 2009 2009 2011 2010 2009 2011 2007 2008 2009 2010 2009 2011 2011 2009 2009 2010 2009 2008 2010 2009 2010 2010 2009 2011 2008 2010 2010 2008 2009 2011 2010 2010 2010 2009 2011 2011 2009 2010 2011 2010 2009 2011 2010 2010 2008 2011 2009 2008 2010 2008 2010 2011 2010 2010 2007 2008 2011 2008 2011 2008 2010 2010 2009 2008 2010 2010 2010 2008 2011 2008 2008 2010 2009 2010 2009 2009 2011 2011 2011

30

SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Mission, Dave Austeinn M. Mission, Kent B. Mombay, Daniel Dominic S. Mondejar, John Dale P. Mondragon, Francis Daniel R. Monilla, Mercy O. Montealegre, Airon Gail M. Montemayor, Joyce D. Montenegro, Joanna Paula G. Monteposo, Glen Paul D. Monterde, Jenerick C. Morales, Gladis D. Morales, Juliana Marie Moreno, Shena G. Moreto, Gian Carlo M. Muez, Karen Mae A. Musa, John Rey D. Nacionales, Emil Angelo S. Namalata, Aila Mae P. Namoro, Mary Ann R. Nantin, Ray Vincent N. Naperi, Danilyn Kaye T. Napucao, Carlo Kristian S. Narcelles, Jomel Anne C. Natural, Mark Glen Gene P. Nava, Jade A. Nebres, Genevieve Irene A. Negapatan, Odeth A. Nguyen, Katherine A. Nicolas, Elvis Jan P. Nicolas, Felissa Vern Marie C. Nicolas, Hirobi Joy L. Niere, Juvielyn H. Nipas, Eugene B. Noarin,Jeffrey M. Noche, Daerelle T. Nolasco, Sarah Jane L. Novencido, Joan M. Novicio, Claudine R. Nual, Shennalyn C. Nuezca, Gerardson R. Nuguit, Paul John M. Nunag, Aaron R. Nunag, Sharmaine M. Nuez, Glazy Kae M. Nuqui, John Paul B. Obalio, Mary Ysthelrose Obciana, Dona D. Obligado, Julius Bryan C. Obrero, Pamela J. Ocampo, Janelle Marie A. Ocampo, Ocampo P. Ocampo, Rica Clarisse A. Ocbina, Jackielyn B. Ochotorena, Isaac Octaviano Jr., Manolito V. Odever, Kharyn Kate V. Olaguera, Kennedy S.J. Olaso, Florabel B. Olitoquit, Von C. Oliveros, Ryan Y. Ong, Niel Alberto L. Oporto, Ma. Faith F. Oray, Ma. Soledad E. Ordoa, Alyanna Joan S. Oredina, Charlene Faith O. Oreto, Arden Camille A. Organis, Joanne D. Orpilla, Julia Erinne B. Ortega, Ronalyn A. Ortiz, Hannah Elaine A. Ouano, Josef Vincent B. Pabalan III, Pacito Alberto C. Pabalate, Ariel G. Pabrua, Lerr Dwaine B. Padillo, Ronnell L. Padua, Jann Andre H. Padua, Lady Jett G. Paglinawan, Paul Gemar R. Pagsisihan, Therese Mariel P. Pajela, Delinger S. Palero, Marinel V. Palma, Vernadeth M. Palmes, Aireen T. Paludipan, Joshua G. Pandili, Arvin T. Panela, Jonalyn G. Panelo, Dariel E. Paner, Marjorie Ann L. Panganiban, Gimalyn B. Panganiban, Jommelyn M. Pangan, Jan Paul V. Pangan, Sarah Jane R. Pangilinan, Angelica Lourdes N. Pangilinan, Kenneth L.

SCHOOL
Far Eastern University Liceo de Cagayan University Technological University of the Philippines- Visayas University of San Carlos National University Asia Pacific College San Sebastian College Recoletos de Cavite Angeles University Foundation De La Salle University- Dasma Colegio de San Agustin National University Far Eastern University Asia Pacific College Asia Pacific College Batangas State University Mindanao State University Ateneo de Davao University FEU- East Asia College Liceo De Cagayan University University of Nueva Caceres University of Pangasinan FEU East Asia College National University Philippine School of Business and Administration National University National University University of Perpetual Help Bian University of the East Caloocan Asia Pacific College Asia Pacific College National University Philippine School of Business and Administration National University National University Tarlac State University Asia Pacific College Rogationist College Bulacan State University Rogationist College Dela Salle University Dasmarias Saint Louis University Bulacan State University University of Assumption Holy Angel University Manuel S Enverga University Foundation Holy Angel University Central Philippine University Southern Luzon State University Asia Pacific College National University University of the Philippines Diliman Batangas State University Main Pamantasan ng Lungsod ng Maynila Philippine Normal University Philippine School of Business and Administration National University Cebu Normal University Far Eastern University Asia Pacific College San Sebastian College Recoletos University of the East Caloocan Asia Pacific College University of Nueva Caceres Liceo de Cagayn University Centro Escolar University Saint Louis University Asia Pacific College University of Nueva Caceres Saint Louis University Cebu Normal University Asia Pacific College University of Cebu Banilad Angeles University Foundation Holy Angel University University of the Philippines Mindanao Asia Pacific College Philippine Normal University Saint Louis University Ateneo de Naga University Asia Pacific College Xavier University San Sebastian College Recoletos Tarlac State University University of the East Caloocan Saint Louis University University of Mindanao Saint Louis University Philippine School of Business and Administration Asia Pacific College Batangas State University Nasugbu First Asia Institute of Technology & Humanities Laguna College of Business and Accountancy Bulacan State University Far Eastern University Holy Angel University

COURSE
BSA BSA BS ECE BSA BS CE BSCSIT SSE BS ECE BSA BSMA BS COE BS ECE BSBA IA BSCSIT IT BSCSIT SSE BS ECE BEED BSA BS CE BSC MA BSA BS EE BSCPE BS CE BSA BS IT BSC Management BS ECE BSA BSA BS ECE BSIT BSA BSC Finance BS ECE BSE ENGLISH BSA BSA BS COE BSA BSA BS CE BS ECE BSA BSA BSA BS EE BSCS BSA BS ECE BS IT BS ECE General Engineering BSA GEN ED BSA BS CS BSED BIOLOGY BSBA IA BSA BSA BSA BS COE BS ECE BSA BS Pharmacy BSA BSA BSBA FA BS ME BSE ENGLISH BSA BS ECE BS MA BS CE BSCS BSIT GEN ED BS ECE BS ECE BSCSIT SSE BS EE BSA BSA BSA BSED MATH BS IT BS CE BSA BSCSIT SSE BSIT BSA BS COE BS IT BSBA IA BSA

YEAR ACCEPTED
2007 2010 2007 2009 2011 2008 2010 2008 2008 2011 2009 2011 2009 2009 2007 2011 2010 2010 2009 2010 2011 2008 2011 2010 2011 2010 2010 2009 2011 2008 2009 2009 2009 2009 2011 2009 2009 2009 2010 2010 2011 2011 2009 2009 2010 2011 2010 2009 2008 2011 2011 2010 2010 2010 2009 2011 2011 2011 2011 2009 2008 2010 2009 2008 2010 2009 2009 2008 2011 2011 2008 2010 2011 2011 2007 2008 2010 2007 2010 2010 2010 2008 2010 2009 2011 2011 2007 2009 2009 2010 2011 2011 2010 2011 2009

31

SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Pangilinan, Paul P. Pante,Jester C. Pantinople, Katherine Lou C. Paragua, Kevin Roy C. Paras, Christopher A. Paronda, Ronel B. Pasaquian, Virgel V. Pasatiempo, John Mar Pasumbal, Guia Camille P. Pata, Mel Charlie V. Patdu Jr., Francisco G. Paver, Loyd O. Payad, Paul Ashley Z. Pedida, Merryle Rose C. Pelonia, Ana Marissa B. Pea, Jennylyn B. Peralta, Diana Marie L. Peralta, Ferdinand D. C. Peralta, Randy M. Perez, John Richard R. Perez, Leandro P. Perialde, Alfred C. Permejo, Josiephine C. Pimentel, Sherwin Jan F. Pinca, Frealyn L. Pineda, Wilveth Jane A. Pineda, Zharlika Joyce S. Plata, Mariecor M. Plotea, Louilie A. Pokais, Irene L. Polintang, Jate Virgen C. Politico, Justin M. Porciuncula, John Carlo V. Pornea, John Carlo V. Porquerio, Germar S. Potestad, Mico Joy D. Potian, Marivienne Janine E. Prado, Dessa E. Pring, Julia Consolacion T. Puertillano, Ruby Mae A. Pulmones, Julie- Ann A. Pumarin, Gladys D. Quiambao,Jherson L. Quijano, Marlon D. Quilao, Zarleen R. Quinto, Ellane S. Quirante, Jhoe Renz Mari T. Quito, Eruel James A Quito, Mary Rose M. Quiwa, Queen Mary Christle P. Racelis, Michael Angelo E. Radaza, Angeline A. Rada, Girlie Anne G. Rado, Karen D. Raganas, Maria Lourdes Ragojos, Maydelyn L. Ragos, Ronald Allan L. Rama, Divina Denise S. Ramirez, Majuri B. Ramos, Eric Angelo C. Ramos, Jennifer D. Ramos, Jerafin Sylon R. Ramos, Joshua Caleb M. Ramos, Kristine Gail H. Ramos, Ma. Paz Raosa, Gindra M. Ravina, Angelito G. Razon, Alexandra A. Real, Dhevy M. Rea, Beverly B. Receno, Criselle L. Reformado, Armel L. Regilme Jr., Manuel Louis L. Regudo,Jason S. Rellama, Iris S. Resma Jr., Pedro P. Resoso, Alvin C. Revilla, Kathey Mae L. Reyes, Christine C. Reyes, Cindy Rose E. Reyes, Marco Aries E. Reyes, Mark Angelo D. Reyes, Nadhine V. Reyes, Rogienel L. Ricafranca, Arvic R. Ricafranca, Fidel Laurence C. Richards, Josha-nen N. Riodeque, Lawrence C. Rivera, Joren Ann C. Rizano, Dexter L. Roda, Mary Ann P. Rodelas, Jonah Fleur N. Rodriguez, Carmina M. Rodriguez, Miecah L. Rodriguez, Miguel Antonio C.

SCHOOL
National University National University University of San Carlos National University National University Pamantasan ng Lungsod ng Maynila Central Philippine University Camarines Norte State College Manuel S. Enverga University Foundation Pamantasan ng Lungsod ng Maynila Holy Angel University University of Batangas Pamantasan ng Lungsod ng Maynila Philippine Normal University Pamantasan ng Lungsod ng Maynila Batangas State University Nasugbu University of the Philippines Diliman Baliuag University Lyceum Northwestern College Batangas State University Cavite State University University of the East Manila Manuel S. Enverga University Foundation Liceo de Cagayan University Philippine Normal University University of the East Manila Far Eastern University University of Batangas National University Saint Louis University Rogationist College University of Saint La Salle Bulacan State University Batangas State University Lipa National University De La Salle University- Dasma University of San Carlos FEU East Asia College University of the East Caloocan Bulacan State University Asia Pacific College University of the Philippines Visayas Holy Angel University FEU- East Asia College Rogationist College Batangas State University Far Eastern University University of the East Caloocan Asia Pacific College Holy Angel University Asia Pacific College National University National University National University University of Mindanao Pangasinan State University Cavite State University Asia Pacific College National University National University Philippine School of Business Administration- Manila Baliuag University San Sebastian College Recoletos University of Nueva Caceres University of Makati Southern Luzon State University Asia Pacific College University of the Philippines Diliman Batangas State University First Asia Institute of Technology and Humanities Dela Salle University Lipa University of Perpetual Help System- Rizal University of the East Caloocan Cavite State University Philippine Normal University Batangas State University- Lipa University of the Philippines Diliman National University Baliuag University Manuel S. Enverga University Foundation Far Eastern University Cavite State University FEU East Asia College Baliuag University Southern Luzon State University University of the Philippines Visayas Cebu University of the Philippines Manila Asia Pacific College Far Eastern University University of the East Caloocan University of San Carlos Far Eastern University Philippine Normal University Universidad De Sta. Isabel Far Eastern University

COURSE
BS ECE BSA BSA BS HRM BSA BSA BS CE BSA BS MA BS ECE BSA BSA BS ECE BSED BS ECE BSA BS BAA BS CE BSA BSIT BS CE BSA BSA BS IT GEN ED BSA BSBA IA BS ECE BSIT BSA BSBA Mktg. Management BE BS ME GEN ENGR. BS CE BSA BSCOE BSIT BSA BS ECE BSA BSA BSA BS ECE BSA BSA BSC INTERNAL AUDIT BSA BSCSIT CNE BSA BSCOE BSC Finance BSC Management BSC Finance BSIT BSCE BS ECE BSA BS CE BS ECE BSA BSA BSA BSA Office Mgt. BSED ENGLISH BSA BSED Math BSA BSE BS ECE BS CE BSA BSA GENERAL EDUCATION BS ECE BS ECE BSA BSA BSCS BSBA IA BSA BS ECE BSA BSEE BSCS BSCS BSA BSA BSA BSA BSA GEN ED BSED English BSA

YEAR ACCEPTED
2009 2011 2010 2010 2011 2010 2011 2009 2011 2007 2010 2011 2007 2008 2008 2009 2008 2010 2008 2008 2011 2010 2011 2011 2009 2011 2011 2008 2009 2007 2010 2011 2011 2009 2010 2007 2007 2009 2008 2011 2010 2011 2011 2010 2010 2008 2008 2009 2009 2009 2007 2009 2010 2009 2008 2008 2007 2010 2010 2009 2007 2008 2011 2009 2009 2011 2011 2010 2009 2008 2009 2011 2009 2011 2011 2011 2008 2011 2008 2008 2011 2008 2007 2010 2009 2010 2007 2011 2009 2011 2010 2009 2009 2008 2010

32

SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Rombaoa, Sherlaine L. Romero, Julianne Camille C. Romero, Mariecar L. Romualdez, Angelica R. Ronquillo, Marilou H. Rosaldo, Cherrie Joy M. Rosales, Marinell R. Rosales, Yves Tyrone R. Rosario, Rolly E. Rosas, Maricon A. Rubis, Dan Jeward C. Ruedas, Laurence N. Ruedas, Regine T. Ruiz, Emmanuel A. Rullan, Vanessa Y. Sabariaga, Jerrimichi Sabejon, Kent John C. Sacamay, Jonah Jane A. Sagana, Sheryl G. Sagmit, Lean L. Salazar, Leah Marie L. Salinas, Ken T. Salinas, Kevin P. Salonga, Michael John B. Salvador, Inna Cyril B. Salvador, Lenna Maye Q. Salvaa, Cherry D. Salva, Alvin S. Samaniego, Noemi R. Sambon, Chricel Joy S. Samontaez, Axel Bob L. Samonte, Kenneth S. Samosino, Jesus C. Samosino,Jomelyn T. Samson, Albert Rey T. San Juan, Jameirene Irish C. San Luis, Jr., Johnny Roy C. Sanarez, Lennie Jane Sanchez, Joanna Hazel A. Sanchez, Lloyd L. Sandoval, Gary J. Sandow, Cherwin M. Sanopo, Cherry Ann P. Sansolis, Rachel Mae Joan N. Sante, Chenee Rose A. Santiago, Reneleen S. Santillan, Felipe B. Santillan, Ruemer Allan Q. Santos, Claire N. Santos, Irell Carloe A Santos, Justin Grace P. Santos, Katrina G Santos, Marizcielo G. Sarmiento Jr., Greg B. Sarmiento, Maria Concepcion D. Sarroza, Annie Ross D. Sayson, John Elee G. Seccion, Miarose S. Sedigo, Jocell P. Seechung, Iris Zerah Sengson, Maicha Camille D. Seorosa, Ivan Jasper I. Sequitin, Camille Andrea B. Sevilla, Reinnier Richard G. Simora, Michael B. Sipalay, Kamille Samantha Tan D.G. Sison, Julius Glenn G. Socito, Sheena Marie G. Solon, Ulyses Jr. A. Sonajo, Camille S. Sto. Domingo, Camille G. Sueta, Maylene A. Sulit, Carolene Mae F. Sumampong, Precious Ann D. Sune, Philamer V. Sunga, Ian Paul A. Suyo, Joel Arnny M. Sy, Dayanara D. Taban, Alvin Wesley T. Tabar, Charmaine L. Tablatin, Zennia L. Tabocol, Kate Hope E. Taburno, Jayrene V. Tabuyog, Julieta D. Taguchi, Mera B. Tajima, Mika A. Talines, Kalvin Kier A. Tallad, Genelyn A. Tallon, Norielynn F. Tamorade, Lyca L. Tampos, Clarissa P. Tan, Marie Bernadette Y. Tarantan, Jojet H. Tarongoy, Shem Rey P. Tayona, Marielle D.

SCHOOL
Lyceum Northen Luzon College Asia Pacific College National University Asia Pacific College Laguna College of Business and Arts University of the East Manila Mindanao State University Southern Luzon State University Saint Louis University University of the Philippines Mindanao National University Philippine Normal University University of the Philippines Diliman University of the Philippines Diliman University of Batangas National University Xavier University University of San Carlos University of Assumption University of the Assumption National University FEU East Asia College University of the East Manila Holy Angel University National University National University Asia Pacific College Tarlac State University Manuel S. Enverga University Foundation Notre Dame of Dadiangas University Cebu Institute of Technology Holy Angel University San Sebastian College Recoletos de Cavite National University FEU East Asia College University of Batangas Manuel S Enverga University Foundation Rogationist College San Sebastian College Recoletos FEU East Asia College National University Pamantasan ng Lungsod ng Marikina Philippine Normal University Asia Pacific College Manuel S Enverga University Foundation Far Eastern University Notre Dame of Dadiangas University National University Pamantasan ng Lungsod ng Marikina Pamantasan ng Lungsod ng Maynila University of the East Manila National University Baliuag University National University Bulacan State University University of the Philippines Visayas University of Perpetual Help Bian Tarlac State University Xavier University University of Nueva Caceres Asia Pacific College University of the East Caloocan Ateneo de Davao University National University FEU- East Asia College Asia Pacific College Baliuag University National University University of the Philippines Diliman University of the East Caloocan Philippine School of Business and Administration National University Batangas State University Polytechnic University of the Philippines Asia Pacific College Holy Angel University First Asia Institute of Technology and Humanities Pamantasan ng Lungsod ng Maynila Asia Pacific College University of San Carlos Asia Pacific College University of Perpetual Help System- Rizal University of Negros Occidental Recoletos West Visayas State University University of Southeastern Philippines University of Saint La Salle Liceo De Cagayan University University of the Cordilleras National University Asia Pacific College National University Centro Escolar University National University National University Philippine Normal University

COURSE
BSA BSCSIT SSE BS ME BSA BSED English BSMA BSA BS CE BS CE BSCS BSC Finance GEN ED BS BAA BS COE BSA BS ECE BSA BSA BSA BSA BSC Finance BS ECE BSA BS IT BSIT BS CE BSA BS CE BSA BSA BS CE BS ECE BSA BSA BSCS BSA BSCS BEED BSA BSCPE BSCS BSE GEN ED BSA BSA BSA BS ME BSED ENGLISH BSBA Mgt. BSCOE BSA BSC Finance BSA BS CE BS ECE BSA BSA BSA BSA BSA BSA BS ACT BS CE BSA BS ECE BSCSIT IT BS COE BS ECE BS Math BS ACT BSA BSC Finance BS MA BSA BS COE BSA BS MA BSED English BSA BSA BSA BSED BS CE BEED BS ECE BSE ENGLISH BSA BSED English BSIT BS ECE BSC Finance BS Pharmacy BS ECE BS ECE GEN ED

YEAR ACCEPTED
2009 2008 2009 2008 2009 2008 2011 2010 2011 2008 2009 2010 2010 2011 2011 2010 2008 2009 2008 2011 2009 2008 2007 2010 2009 2009 2011 2010 2011 2011 2011 2007 2010 2011 2009 2011 2010 2010 2008 2007 2009 2008 2009 2009 2009 2007 2011 2011 2008 2009 2010 2009 2008 2010 2008 2010 2010 2010 2009 2009 2011 2009 2011 2011 2011 2009 2008 2009 2008 2009 2009 2009 2008 2010 2010 2011 2010 2011 2008 2011 2008 2011 2010 2008 2011 2011 2007 2009 2009 2008 2009 2010 2008 2011 2009

33

SM FOUNDATION, INC.

ANNUAL REPORT 2011

CURRENT SM SCHOLARS SY 2011-2012

NAME
Tejada, Alyssa Grace T. Teodoro, John Michael Vincent V. Teodoro, Mark Anthony G. Teodosio Jr., Alvin Q. Tibon, Sheila Vera Mae G. Tiquio, Mark Anthony M. Tobias, Inna Theresa T. Tolentino, Ralphy B. Tolentino, Rezzie Maquelle A. Tolosa, Giselle V. Tomale, Jomer J. Tomale, Jovani S. Tordecilla, Malcolm John D. Torio, Sharmaine C. Torres Jr., Rolando J. Torres, April Rose G. Torres, Emerzon S. Torres, Jennifer M. Torres, Lenie Lyn P. Torres, Mary Justine P. Traje, Ella May G. Trinidad, Angelou D. Tuazon, Dexter S. Tulabut, Rona Jemica O. Turla, Marco Paolo A. Ty, Kristine Leih S. Umali, Jasmine Joy M. Umali, Joseph C. Umali, Raymond R. Umil, Jamaica P. Untalan, Renz Patrick B. Urgelles, Aira Mae W. Urgelles, Ma. Leah D. Uson, Earvin Jun R. Valdez, Princess M. Valencia, Jannet A. Valencia, Jaycel L. Valencia, Reina Joy A. Valencia, Rommel Victor S. Valiente, Venus Mae G. Valondo, Emerson G. Velandres, Louise Anne T. Velarde, Sir Eleazar D. Velasco, Quenie A. Velasquez, Kimberly Mae P. Velasquez, Mary Jane D. Ventenilla, Liberty B. Ventura, Melvin L. Venzon, Jessica P. Vergara III, Ferdinand P. Verona, Zarah Lyn S. Victoria, Menzie Anne D. Villamil Jr., Carlos M. Villanueva, Jeff Paulo Q. Villanueva, Jessica Villanueva, Kaiser L. Villanueva, Reylan A. Villanueva, Vergel T. Villareal, Jeremiah T. Villegas, John Mark N. Vias, Irene C. Vinta, Alvin S. Vinuya, Sarah May P. Viray, Rachelle T. Viria, Rosemarie B. Wakata, Amon A. Wasing, Fatima M. Wong, James Matthew D. Yadao, Marichris R. Yago, Adrian C. Yaez, Dorothy Joy L. Ybaez, Joshua E. Ycot, Teofrenz A. Yutuc, Vladimir John P. Yu, Yancy S. Zabaljauregui, Mikah C. Zafe, Brandy Braddock N. Zamudio, Julius Anthony U. Zapanta, Cedrick S. Zapanta, Harris B. Zapanta, Jesika Anne O. Zapanta, Kheven G. Zoleta, Shem Israel A. Zozobrado, Jessel Jane M.

SCHOOL
National University FEU- East Asia College FEU East Asia College Central Philippine University Far Eastern University FEU East Asia College National University National University National University National University FEU- East Asia College Ateneo De Davao University Rogationist College University of the East Manila National University University of Negros Occidental Recoletos Bulacan State University Dela Salle Lipa University University of the Assumption National University Polytechnic University of the Philippines National University Angeles University Foundation Angeles University Foundation Pamantasan ng Lungsod ng Maynila Xavier University University of the Philippines Diliman Holy Angel University Tarlac State University Pangasinan State University National University National University University of Perpetual Help System- Bian University of the East Caloocan National University University of Perpetual Help System- Bian Lipa City College University of Nueva Caceres Holy Angel University Liceo De Cagayan University Baliuag University Southern Luzon State University University of the East Caloocan Cavite State University University of the Philippines Diliman University of San Agustin Lyceum Northern Luzon First Asia Institute of Technology and Humanities Holy Angel University National University Pamantasan ng Lungsod ng Maynila Asia Pacific College Liceo De Cagayan University University of the Philippines Diliman National University FEU East Asia College San Sebastian College Recoletos de Cavite University of the Philippines Diliman National University Baliuag University National University National University University of the East Manila University of Perpetual Help Rizal Laguna College of Business and Arts San Sebastian College Recoletos Saint Louis University Asia Pacific College Pangasinan State University FEU East Asia College Xavier University Cebu Institute of Technology Cebu Institute of Technology National University University of Negros Occidental Recoletos Asia Pacific College Pamantasan ng Lungsod ng Maynila University of Nueva Caceres Asia Pacific College National University Holy Angel University FEU- East Asia College Southern Luzon State University Cebu Institute of Technology

COURSE
BS IT BS CE BS EE BS ECE BSA BS CE BS ECE BS COE BSC Management BSA BS CE BSA BS ECE BSA BS CE BS ECE BS CE BSBA FM BSA BSC Finance BSA BSMA BEED BEED BSA BSA BSBAA BSA BS ECE BS MATH BS CE BS ECE BSA BS ECE BSIT BSA BSA BS ECE BSA BSA BS EE BS ECE BSA BSE BSCS BS ACT BSA BS ECE BSA BS CE BSA BSCSIT SSE BS COE BS CE BS CE BS CE BS ECE BS ECE BSC Management BSA BSC Finance BSIT BSA BSA BSCS BSA BSA BS ECE BS IT BSCPE BSA BS ECE BS ECE BS ME BSA BS ECE GEN ED BSIT BSA BSC Management BSA BS ECE BE BSCS

YEAR ACCEPTED
2011 2011 2010 2011 2010 2010 2009 2011 2010 2011 2011 2009 2009 2009 2010 2009 2010 2010 2009 2009 2010 2009 2008 2008 2011 2010 2007 2011 2010 2011 2009 2010 2011 2007 2009 2011 2008 2010 2007 2008 2009 2008 2011 2010 2008 2010 2008 2010 2010 2010 2009 2008 2010 2007 2010 2007 2009 2010 2010 2010 2009 2009 2007 2008 2010 2011 2008 2010 2010 2008 2011 2007 2010 2009 2011 2007 2008 2009 2009 2010 2008 2011 2010 2011

34

SM FOUNDATION, INC.

ANNUAL REPORT 2011

SM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

INDEPENDENT AUDITORS REPORT

The Board of Trustees SM Foundation, Inc. Report on the Financial Statements We have audited the accompanying financial statements of SM Foundation, Inc., which comprise the statements of assets, liabilities, members equity and fund balance as at December 31, 2011 and 2010, and the statements of comprehensive income, statements of changes in members equity and fund balance and statements of cash flows for the years then ended, and a summary of significant accounting policies and other explanatory information. Managements Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Philippine Financial Reporting Standards for Small and Medium-sized Entities, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with Philippine Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entitys preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entitys internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements present fairly, in all material respects, the financial position of SM Foundation, Inc. as at December 31, 2011 and 2010, and its financial performance and its cash flows for the years then ended in accordance with Philippine Financial Reporting Standards for Small and Medium-sized Entities. Report on the Supplementary Information Required Under Revenue Regulations 19-2011 and 15-2010 The supplementary information under Revenue Regulations 19-2011 and 15-2010 for purposes of filing with the Bureau of Internal Revenue is presented by the management of SM Foundation, Inc. in a separate schedule. Revenue Regulations 19-2011 and 15-2010 require the information to be presented in the notes to financial statements. Such information is not a required part of the basic financial statements. The information is also not required by Securities Regulation Code Rule 68. Our opinion on the basic financial statements is not affected by the presentation of the information in a separate schedule. SYCIP GORRES VELAYO & CO.

Belinda T. Beng Hui Partner CPA Certificate No. 88823 SEC Accreditation No. 0943-A (Group A), March 18, 2010, valid until March 17, 2013 Tax Identification No. 153-978-243 BIR Accreditation No. 08-001998-78-2009, September 30, 2009, valid until September 29, 2012 PTR No. 3174580, January 2, 2012, Makati City March 12, 2012

35

SM FOUNDATION, INC.

ANNUAL REPORT 2011

STATEMENTS OF ASSETS, LIABILITIES, MEMBERS EQUITY AND FUND BALANCE

2011 ASSETS Current Assets Cash and cash equivalents (Note 4) Receivables and other current assets (Note 5) Total Current Assets Noncurrent Assets Property and equipment - net (Note 6) Pension asset (Note 10) Other noncurrent asset (Note 5) Total Noncurrent Assets P112,222,456 7,064,398 119,286,854 27,882,322 1,658,268 29,540,590 P148,827,444 LIABILITIES, MEMBERS EQUITY AND FUND BALANCE Current Liabilities Accounts payable and other current liabilities (Note 7) Members Equity and Fund Balance Members equity Fund balance Total Members Equity and Fund Balance P16,156,178 7,000 132,664,266 132,671,266 P148,827,444
See accompanying Notes to Financial Statements.

SM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

December 31

2010

P69,550,710 696,503 70,247,213 27,988,065 1,424,794 2,500,000 31,912,859 P102,160,072

P17,099,969 7,000 85,053,103 85,060,103 P102,160,072

36

SM FOUNDATION, INC.

ANNUAL REPORT 2011

STATEMENTS OF COMPREHENSIVE INCOME

Years Ended December 31 2011 FUNDS GENERATED Donations (Note9) Interest income (Notes 4 and 5) Others (Note 9) EXPENDITURES Scholarship grants (Note 8) Donations and contributions (Note 8) Salaries and wages Stationery and supplies Repairs and maintenance Professional fee Transportation and travel Entertainment, amusement and recreation Pension expense (Note 10) Advertising and promotion Janitorial and messengerial fees SSS and Philhealth contributions Rent Depreciation (Note 6) Others EXCESS (DEFICIENCY) OF FUNDS GENERATED OVER EXPENDITURES
See accompanying Notes to Financial Statements.

SM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

2010 P39,951,090 4,589,908 4,144 44,545,142 47,160,770 37,979,610 6,170,920 8,152,338 1,904,957 3,335,631 2,043,040 1,513,955 492,973 515,488 291,480 327,265 367,116 232,882 1,360,305 111,848,730

P153,888,821 1,940,588 359,065 156,188,474 47,805,388 28,294,828 7,516,384 6,360,397 5,714,394 3,802,331 3,158,753 1,692,876 804,537 798,445 378,752 351,200 342,264 253,863 1,302,899 108,577,311 P47,611,163

(P67,303,588)

STATEMENTS OF CHANGES IN MEMBERS EQUITY AND FUND BALANCE

Years Ended December 31 2011 MEMBERS EQUITY FUND BALANCE Balance at beginning of year Excess (deficiency) of funds generated over expenditures Balance at end of year P7,000 85,053,103 47,611,163 132,664,266 P132,671,266
See accompanying Notes to Financial Statements.

SM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

2010 P7,000

152,356,691 (67,303,588) 85,053,103 P85,060,103

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

SM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

STATEMENTS OF CASH FLOWS

Years Ended December 31 2011 2010 CASH FLOWS FROM OPERATING ACTIVITIES Excess (deficiency) of funds generated over expenditures Adjustments for: Interest income (Notes 4 and 5) Depreciation (Note 6) Funds generated (used) before working capital changes Decrease (increase) in: Receivables and other current assets (Note 5) Pension asset (Note10) Increase (decrease) in accounts payable and other current liabilities Cash generated from (used in) operations Interest received Net cash provided by (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITY Additions to property and equipment (Note 6) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR CASH AND CASH EQUIVALENTS AT END OF YEAR
See accompanying Notes to Financial Statements.

P47,611,163 (1,940,588) 253,863 45,924,438 (3,689,299) (233,474) (943,791) 41,057,874 1,761,992 42,819,866

(P67,303,588) (4,589,908) 232,882 (71,660,614) 119,323 (520,303) 5,417,240 (66,644,354) 4,379,923 (62,264,431)

(148,120) 42,671,746 69,550,710 P112,222,456

(213,125) (62,477,556) 132,028,266 P69,550,710

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

NOTES TO FINANCIAL STATEMENTS

1. General Information SM Foundation, Inc. (the Foundation) is incorporated in the Philippines on March 24, 1983. Its registered office address is SM Corporate Offices, Building B, J.W. Diokno Boulevard, Mall of Asia Complex, Pasay City 1300. The Foundation is a nonstock, nonprofit corporation created for the purpose of promoting social, cultural, educational and the general well-being and economic development of the Filipino people and to provide assistance, scholarship, endowments or otherwise establish facilities for the study, education and training of the youth for them to become useful members of the society. The Foundation is accredited by the Philippine Council for NGO Certification as a registered donee institution in accordance with the provisions of Revenue Regulation No. 13-98 at which donations received shall entitle the donor to full or limited deduction pursuant to Section 34(H) (1) or (2) and exemption from donors tax pursuant to Section 101 (A) (3) of the National Internal Revenue Code (NIRC). The Foundation renewed its accreditation for a period of five years from August 6, 2010. The Foundation is exempt from payment of income tax under the provisions of Section 30 (e) of the NIRC. However, income of whatever kind and character of the Foundation from any other properties, real or personal or from any of its activities conducted for profit, regardless of the disposition of such income, shall be subjected to tax imposed under the NIRC. The accompanying financial statements were authorized for issue by the Board of Trustees (the Board) on March 12, 2012.

SM FOUNDATION, INC. (A NON-STOCK, NON-PROFIT CORPORATION)

2. Basis of Preparation, Statement of Compliance and Significant Accounting Policies Basis of Preparation The financial statements of the Foundation have been prepared under the historical cost basis. The financial statements are presented in Philippine peso, which is the Foundations functional and presentation currency. Amounts are rounded off to the nearest peso, except when otherwise indicated. Statement of Compliance The financial statements have been prepared in accordance with the Philippine Financial Reporting Standards (PFRS) for Small and Medium-sized Entities (SMEs). Cash and Cash Equivalents Cash pertains to cash on hand and in banks. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash with original maturities of three months or less from dates of acquisition and that are subject to an insignificant risk of change in value. Receivables and Other Current Assets Receivables and other current assets are recognized at face value less any allowance for uncollectible amounts. A provision is made when there is objective evidence that the Foundation will not be able to collect the receivables. Property and Equipment Property and equipment, except land, is stated at cost less accumulated depreciation and any accumulated impairment in value. Such cost includes the cost of replacing part of the property and equipment at the time that cost is incurred, if the recognition criteria are met, and excludes the costs of day-to-day servicing. Land is stated at cost less any impairment in value. The initial cost of property and equipment consists of its purchase price, including import duties, taxes and any directly attributable costs necessary in bringing the asset to its working condition and location for its intended use. When each major inspection is performed, its cost is recognized in the carrying amount of the property and equipment as a replacement if the recognition criteria are satisfied. Expenditures incurred after the item has been put into operation, such as repairs, maintenance and overhaul costs, are normally recognized as expense in the period such costs are incurred. In situations where it can be clearly demonstrated that the expenditures have improved the condition of the asset beyond the originally assessed standard of performance, the expenditures are capitalized as additional cost of property and equipment. Depreciation is computed using the straight-line method over the following estimated useful lives of the assets: Transportation equipment Furniture and fixtures 10 years 5 years

The residual values, useful lives and method of depreciation and amortization of the assets are reviewed and adjusted, if appropriate, at each financial year-end. Fully depreciated assets are retained in the accounts until they are no longer in use and no further depreciation and amortization is credited or charged to current operations. An item of property and equipment is derecognized when either it has been disposed or when it is permanently withdrawn from use and no future economic benefits are expected from its use or disposal. Any gains or losses arising on the retirement and disposal of an item of property and equipment are recognized in the statements of comprehensive income in the period of retirement or disposal. Asset Impairment At each reporting date, property and equipment are reviewed to determine whether there is any indication that those assets suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset (or group of related assets) is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognized immediately in the statement of comprehensive income. If impairment loss subsequently reverses, the carrying amount of the asset (or group of assets) is increased to the revised estimate of recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognized for the asset (or group of assets) in prior years. A reversal of impairment loss is recognized immediately in the statement of comprehensive income.

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Accounts Payable and Accrued Expenses Accounts payable and accrued expenses are obligations incurred in the ordinary course of business, which are based on normal credit terms and do not bear interest. Revenue Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Foundation and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognized: Donations. Donation income is recognized when the Foundations right to receive the donation is established, which in most cases, is upon receipt of the donation from donors. Interest. Revenue is recognized as the interest accrues, taking into account the effective yield on the asset. Expenditures The expenditures might be for a significant long-term asset, a short-term asset, a reduction in a liability, or for an immediate expense. Expenditures are recognized as incurred. Pension Expense The Foundation is a participant to the SM Corporate and Management Companies Multi-employer Retirement Plan. The Plan is a funded, noncontributory defined benefit pension plan administered by the Board covering all regular full-time employees. The cost of providing benefits under the defined benefit plan is determined using the projected unit credit actuarial valuation method. Retirement expense includes current service cost, interest cost, expected return on plan assets, amortization of any unrecognized past service costs, recognition of any actuarial gains or losses, and effect of any curtailments or settlements. Past service cost is amortized over a period until the benefits become vested. Actuarial gain or loss is recognized in full in the statements of comprehensive income. The amount recognized as defined benefit liability or asset is the net of the present value of the defined benefit obligation at the reporting date, minus past service cost not recognized minus the fair value at the reporting date of plan assets out of which the obligations are to be settled directly. Actuarial valuations are made with sufficient regularity that the amounts recognized in the Foundations financial statements do not differ materially from the amounts that would be determined at the reporting date. Provisions Provisions are recognized when the Foundation has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Contingencies Contingent liabilities are not recognized in the financial statements but are disclosed in the notes to financial statements unless the possibility of an outflow of resources embodying economic benefit is remote. Contingent assets are not recognized in the financial statements but are disclosed in the notes to financial statements when inflows of economic benefits are probable. Events after the Reporting Period Post year-end events that provide additional information about the Foundations financial position at reporting period (adjusting events) are reflected in the financial statements. Post year-end events that are not adjusting events are disclosed in the notes to financial statements when material.

3.

Significant Accounting Judgments, Estimates and Assumptions Judgments Management makes judgments in the process of applying the Foundations accounting policies. The Foundation does not have significant judgments on the reported amounts in the financial statements as at and for the years ended in 2011 and 2010. Estimates The key sources of estimation uncertainty at the reporting date that have significant risks of causing material adjustments to the carrying amounts of assets and liabilities within the next financial year are discussed below: Estimated Useful Lives and Impairment of Property and Equipment. The useful life of each of the Foundations property and equipment is estimated based on the period over which the asset is expected to be available for use. Such estimation is based on a collective assessment of industry practice, internal technical evaluation and experience with similar assets. The estimated useful life of each asset is reviewed periodically and updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limitations on the use of the asset. It is possible, however, that future financial performance could be materially affected by changes in the amounts and timing of recorded expenses brought about by changes in the factors mentioned above. A reduction in the estimated useful life of any property and equipment would increase the recorded expenditures and decrease noncurrent assets. On the other hand, the Foundation assesses impairment on its property and equipment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The factors that the Foundation considers important which could trigger an impairment review include significant underperformance relative to expected historical or projected future operating results and significant changes in the manner of use of the acquired assets or the strategy for overall business. No changes in the useful life were made and no impairment loss was recognized in 2011 and 2010 for property and equipment. Provision for Pension Expense. The determination of the pension asset and pension expense is dependent on the selection of certain assumptions by management. Those assumptions used in the calculation of pension expense are described in Note 10 of the financial statements. As at December31, 2011 and 2010, the Foundations pension assets amounted to P1.7 million and P1.4 million, respectively, while pension expense amounted to P0.8million and P0.5million, respectively (see Note 10).

4.

Cash and Cash Equivalents This account consists of: Cash on hand and in banks Short-term investments 2011 P14,017,086 98,205,370 P112,222,456 2010 P8,227,704 61,323,006 P69,550,710

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

Cash in banks earn interest at the respective bank deposit rates. Short-term investments are made for varying periods of up to three months depending on the immediate cash requirements of the Foundation, and earn interest at the respective short-term investment rates. Interest income amounted to P1.8million and P4.4 million in 2011 and 2010, respectively.

5.

Receivables and Other Current Assets This account consists of: Due from affiliates (see Note 9) Accrued interest receivable Receivables from employees and others Other current assets 2011 P3,781,503 388,580 330,415 4,500,498 2,563,900 P7,064,398 2010 P 209,984 422,619 632,603 63,900 P696,503

In September 2009, the Foundation entered into a Memorandum of Understanding with Center for Agriculture and Rural Development (CARD) Inc., to provide for financial support in terms of revolving fund and logistics to CARD to underwrite its microfinance operations in the barangays of Bulihan, Calayo, Looc and Papaya of Nasugbu, Batangas. The Foundation advanced P2.5 million to CARD which earns a fixed annual interest of 6.0% and is due in September 2012. The amount of advances to CARD was recorded as noncurrent assets in 2010 and was accordingly classified as part of receivables and other current assets in 2011. Interest income amounted to P0.1 million in 2011 and P0.2 million in 2010.

6.

Property and Equipment This account consists of: Land and Land Improvements P32,314,867 32,314,867 5,198,476 5,198,476 P27,116,391 2011 Fixtures and Equipment P2,362,230 148,120 2,510,350 1,490,556 253,863 1,744,419 P765,931

Cost:

Total P34,677,097 148,120 34,825,217 6,689,032 253,863 6,942,895 P27,882,322

Balance at beginning of year Additions Balance at end of year Accumulated depreciation: Balance at beginning of year Additions Balance at end of year Net book value

7.

Accounts Payable and Other Current Liabilities This account consists of: Donations payable Nontrade Accrued expenses Payable to government agencies Others 2011 P9,273,563 4,400,587 1,991,243 148,404 342,381 P16,156,178 2010 P7,084,415 7,031,712 1,912,213 186,462 885,167 P17,099,969

Terms and conditions of the above financial liabilities follow: Donations payable pertains to restricted donations, received by the Foundation for specific beneficiaries, which are expected to be settled within the next financial year. Nontrade payables pertain to unpaid donation expenses, incurred by the Foundation in relation to its charitable works, which are normally settled within 12 months from the reporting date. Accrued expenses pertain to accrued and unpaid general and administrative expenses which are noninterest-bearing and are normally settled on a 30 to 60 days term. Payable to government agencies mainly consists of withholding taxes payable which are normally settled within the next financial year.

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ANNUAL REPORT 2011

8.

Projects Brief descriptions of the Foundations projects are as follows: The Foundation has evolved from solely philanthropic acts to sustainable programs empowering individuals and communities. These programs are carried out along its philosophy, People helping people. Education Program The SM College Scholarship Program was opened in 1993 with the objective to send financially-challenged but deserving public high school graduates to college. The scholarship package includes free tuition and matriculation fees and monthly stipend. There are now 1,068 college scholars enrolled in 81 colleges and universities nationwide. The Foundation counts 1,300 graduates who have joined the mainstream as professionals in their chosen fields. This scholarship program has attracted 28 private individuals and business to adopt 153 scholars. In 2011, the Foundation signed a new Memorandum of Agreement with Kabayan Foundation to manage the search for TOPS (Ten Outstanding Public High Schools). The Tech-Voc Scholarship Program was established in 2007 to equip out-of-school youth with special skills to increase their chance of employment. Since then, the program has produced 114 graduates. The current enrolment in this program numbers are 130. The School Building program is in response to the appeal of the Department of Education to the private sector to help address the congested classroom condition in the public schools. The Foundation constructed the first five single-storey two-classroom school buildings in Iloilo in 2002, thus, paving the way for more SM school buildings in Antipolo, Bacolod, Baguio, Batangas, Bulacan, Cagayan de Oro, Cavite, Davao, Lucena, Naga, NCR, Pampanga, Quezon, Taguig, and Taytay. In 2011, a total of six school buildings with 17 classrooms were donated to schools in Taguig, Antipolo, Bulacan, Pampanga, Cavite, and NCR. To date, in cooperation with the Adopt-A-School Program of the Department of Education, the Foundations School Building Program has donated 40 school buildings with a total of 97 classrooms to the public school. One two-storey three-classroom school building was donated to a Technical High School in Pampanga. Two companies, Deutsche Bank AG Group and GFK Asia Pte Ltd. and a private banker, Stephen CuUnjieng have partnered with the program in donating a total of eight public school buildings with 30 classrooms. A partnership with PBSP (Philippines Business for Social Progress) and the Smart Schools Program of Smart Communications resulted to internet connectivity in seven public high schools and two public elementary schools located in Baguio, Bulacan, Cavite, Naga, NCR, Pampanga, and Taytay.

Health and Medical Program The Gamot Para Sa Kapwa Program, which started in 2002, conducts medical missions within the vicinity of SM malls. With well-equipped SM mobile clinics, Xray and regular laboratory medical tests are administered on indigent patients for free. Medical lectures in preventing and managing diseases are also conducted to increase social awareness. In 2011, 85 medical missions which benefited 77,865 patients were administered. Operating for nine years, the program counts a total of 644 medical missions which benefited 505,190 patients. These medical missions are being done in partnership with various government agencies such as the Department of Health, Philippine National Red Cross (PNRC), Department of Social Welfare and Development (DSWD), Local Government Units (LGUs), NGOs and various medical and dental societies, as well as private institutions. The Foundation has pioneered the establishment of Felicidad T. Sy (FTS) Wellness Centers in 2002, which involves the renovation, refurbishment and enhancement of identified structures in Government Hospitals. This intends to serve dedicated sectors, such as children, elderly, terminally ill, soldiers and persons with disabilities. The program aims to provide a therapeutic environment within the hospital, where patients can momentarily forget their pain and suffering. Their families can also enjoy a well-deserved break from the emotionally draining chore of caring for them from the use of such facilities. With the centers patientfriendly approach, it is likewise hoped that patients fears and apprehensions of doctors and hospitals are eased, if not totally dispelled. As of December31, 2011, there are 37 Wellness Centers for Children, 14 Wellness Center for the Elderly, 8 Hospice Units, and 7 Health Centers and 3 Soldiers Wards. The Foundation also provides medical assistance to financially-constrained individuals, which involve providing financial supports for special medical cases through the Kapwa Ko, Mahal Ko Foundation.

Mall-based Outreach Programs The Foundation partners with the SM Malls to provide a year-round venue for mall shoppers, tenants, service providers, suppliers and individuals to make their donations, in partnership with the DSWD. Share-Your-Extras, which started in 1998 and is conducted every first quarter of the year, collects slightly used but wearable clothes, shoes, beddings, linens, household items, furnishings and related supplies. In 2011, the program distributed sorted items to 10,784 families or 64,704 individuals. As of December31, 2011, a total of 169,512 families or 1,107,072 individuals were served. Other project partners are Caritas Manila, National Secretariat for Social Action, Philippine Information Agency (PIA), SM Cares, Children International Philippines, Inc., GMA Regional TV and Provincial Media Networks. In 1999, the Foundation started its Donate-A-Book Project to augment the book shortage in public schools. The program aims to instill an appreciation for reading among students through the collection of new and used but readable books. The campaign for book donations is conducted every second quarter of the year for distribution before the school year starts. A total of 183,405 books were donated to 1,238 public schools, reading centers and Day Care Centers in 2011. As of December31, 2011, more than 3 billion books reached 18,009 public schools, reading centers and Day Care Centers. Other project partners are Bato-Balani Foundation, Children International (CI Phil.), Adarna House, National Book Development Board, PIA, GMA & Network TV, Local Media Partners, Hapee Toothpaste, Sesame Street, Click Licensing Asia, Samsung and various Publishing companies. Share-A-Toy, Make a Child Happy Program was launched in 1998 with the objective of bringing indigent children and orphans to the malls for a first time Christmas experience.The children are treated to a Christmas party, complete with gifts of toys and participation in games. Toys are delivered to children in selected communities, as well as to those confined in government hospitals. In 2011, 11 mall tours were conducted to bring cheers to 10,553 children, bringing its total mall tours to 121 which benefitted a total of 124,839 children as of December31, 2011. Other project partners are Toy Kingdom, Philippine Information Agency, Nickelodeon, CI Phil., SM Cares, Honey Barn Marketing, Inc., and GMA TV Network.

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

Livelihood and Outreach Program The Livelihood and Outreach Programs aim to empower the marginalized sector by providing modern technological and skills development trainings leading to sustainable livelihood opportunities and market linkages. Parallel to trainings is an emphasis on the biological importance of the environment. The Kabalikat sa Kabuhayan Farmers Training Program, which started in August, 2007 is a 12 week hands-on and technology training on high value crops, fruits and vegetables. This program is conducted in partnership with Harbest Agribusiness Corporation, in cooperation with the Department of Agriculture (DA), LGUs and NGOs. As of December31, 2011, the Foundation has conducted 35 trainings in 19 provinces, benefiting 4,176 farmers. The Foundation raises the bar in community development in Nasugbu, Batangas by engaging neighboring communities to various livelihood endeavors. Free-range Chicken. Farmers are taught raising organic chicken through locally available feeds such as grains, vegetables and fruits to attain a unique flavor similar to native chickens. The projects has benefited 89 families as of December 31, 2011. Hog-raising and Carabao-dispersal. The Foundation implements the litter-sow-dispersal system of the Department of Agriculture, wherein it provides the first sow as a starting point for its beneficiaries. To maintain the continuity of the program, one piglet for every three piglets born or the first born calf is returned to the Foundation for distribution to the next recipient. This project has 66 beneficiaries as of December 31, 2011. Backyard Farming. The Foundation seeks to primarily eliminate hunger in the area by teaching high value crop farming so that locals can harvest enough to meet their daily requirements and sell the rest to take care of the basic households needs. Skills Training Center. The opening of the Skills Training Center provides a more sustainable livelihood opportunity through formal trainings based on the beneficiaries interests. The 45-day Specialized Hospitality Skills Training program is in partnership with Taal Vista Hotel, which provides the technical and on the job in-house training program; TESDA for the modular guidelines and assessment; Costa del Hamilo, Inc. (CDHI), Pico de Loro Beach and Country Club and Hotel Specialist (Pico de Loro), Inc. for possible employment. There were 47 graduates who are now gainfully employed by the four companies while the remaining 13 graduates chose to work in Metro Manila and nearby provinces. There were 23 participants who trained in tailoring and dress making who are now supplying their barangay uniforms and CDHIs sewing requirements. A total of 15 graduates of candle-making skills training currently have their own business. Out of the 75 Isang Gunting Isang Kulot graduates, 68 are applying their newly acquired skills in their barangays while the remaining seven were absorbed by our partner, Fil-hair Foundation. Tree Planting and Mangrove Reforestation. Tree Planting and Mangrove Reforestation Program aims to mitigate the alarming loss of trees and mangroves in Batangas. It engaged the fisher folks and the youth of the community to plan mangroves in two barangays, thus providing a natural habitat to marine life, as well as reducing soil erosion. As of 2011, 30,000 trees and mangroves have been planted. Constructions. The Foundation constructed day care centers in the area and continues to subsidize the operations of the said facilities. Basketball courts were also constructed in the communities.

9.

Related Party Disclosures Parties are considered to be related if one party has the ability, directly and indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control. Affiliates refer to entities which the members of the Foundation have common control. Due from Affiliates The Foundation regularly solicits donations from the various companies under the SM Group to support its operations and fund its various projects. As at December 31, 2011, the Foundation recognized donation receivable from SM Development Corporation (SMDC) amounting to P3.8 million for the latters pledged donation. Property and Equipment Land owned by the Foundation is being leased out to Asia Pacific Computer Technology Center, Inc., an affiliate, without charge, as part of its educational program. Other Income In 2010, the Foundation, along with SM Prime Holdings, Inc. and subsidiaries (SM Prime) and Deutsche Bank AG Manila Branch (Deutsche Bank) (collectively referred to as Donors) entered into a school building project agreement with D. Tuazon Elementary School whereby by the Donors pledged to construct a two-storey four classroom school building. In 2011, the construction of the school building was completed. Subsequently, SM Prime and Deutsche Bank reimbursed the Foundation for the costs it incurred in overseeing the construction of the building amounting to P0.4 million which is presented in Others account under Funds generated in the statements of comprehensive income. Donations The Foundation received donations from the following related parties: Related Party SM Prime and subsidiary SM Investments Corporation SM Retail, Inc. and subsidiaries SM Development Corporation Relationship Affiliate Affiliate Affiliate Affiliate 2011 P48,680,000 48,610,000 25,979,041 15,105,000 P138,374,041 2010 P20,295,182 7,539,543 2,000,000 P29,834,725

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SM FOUNDATION, INC.

ANNUAL REPORT 2011

10. Pension Benefits The following tables summarize the components of the Foundations net benefit expense, as included in the statements of comprehensive income, and the funded status and amounts recognized in the statements of assets, liabilities, members equity and fund balance for the plan. These amounts were based on the assumptions from the Foundations actuarial valuation report in 2011. Pension Expense Net actuarial loss recognized in the year Current service cost Expected return on plan assets Interest cost Effect of asset limit Pension expense Actual return on plan assets Pension Asset Fair value of plan assets Present value of defined benefit obligation Funded obligation Amount not recognized due to asset limit Pension asset Changes in the Present Value of the Defined Benefit Obligation Defined benefit obligation at beginning of period Actuarial loss on obligation Current service cost Interest cost Defined benefit obligation at end of year Changes in the Fair Value of Plan Assets Fair value of plan assets at beginning of period Contributions Expected return on plan assets Actuarial gain Fair value of plan assets at end of year The principal assumptions used in determining pension obligations for the Foundations plan are shown below: Discount rate Expected rate of return on plan assets Future salary rate increases The major categories of plan assets as a percentage of the fair value of plan assets consist of the following investments: Government securities Common trust fund Time deposits Shares of stocks Cash and cash equivalents Others 2011 52% 33% 4% 4% 4% 3% 2010 51% 37% 6% 3% 2% 1% 2011 7% 6% 10% 2010 8% 6% 11% 2011 P4,404,119 1,038,011 295,387 92,801 P5,830,318 2010 P2,742,032 1,013,276 194,920 453,891 P4,404,119 2011 P2,685,254 595,950 398,760 212,941 P3,892,905 2010 P1,427,671 920,494 176,904 160,185 P2,685,254 2011 P5,830,318 (3,892,905) 1,937,413 (279,145) P1,658,268 2010 P4,404,119 (2,685,254) 1,718,865 (294,071) P1,424,794 2011 P503,149 398,760 (295,387) 212,941 (14,926) P804,537 P388,188 2010 P466,603 176,904 (194,920) 160,185 (115,799) P492,973 P648,811

The overall expected rate of return on plan assets is determined based on the market prices prevailing on that date, applicable to the period within the obligation is to be settled. The Foundation expects to contribute P1.05 million in its defined benefit pension plan in 2012.

11. Supplementary Information Required Under Revenue Regulations 19-2011 and 15-2010 The Bureau of Internal Revenue has issued RR 19-2011 and 15-2010 which requires certain tax information to be disclosed in the notes to financial statements. The Foundation presented the required supplementary information as a separate schedule attached to its annual income tax return.

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S M Fo u n d a ti o n , I n c.
SM Corporate Offices Building B J.W. Diokno Boulevard, Mall of Asia Complex CBP-1A, Pasay City, 1300 Philippines Tel. No. (632) 831-8000 locals 1494-1499, 1483-1485 Telefax No.: (632) 831-8282 Email: info@sm-foundation.org Website: www.sm-foundation.org

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