Employees of the Bank of the Philippine Islands (BPI) raised over P10 million in a little over two weeks to help in the rehabilitation efforts in areas severely hit by Super Typhoon Yolanda in November.
This amount, totaling P11,491, 284.60, was matched by the bank peso-for-peso, resulting in a combined donation of P22,982,569.20.
Besides making personal donations, BPI employees undertook various projects to raise funds for the effort, dubbed “10+10.”
The “10+10” includes the bank’s Runners Club encouraged its members to donate any amount in exchange for free registration to any fun run; out-of-the-box fund-raising activities like raffles and auctions were held; one employees donated funds originally meant for Christmas gifts and birthday parties; several units canceled Christmas parties and donated the party budgets instead; BPI Family Savings Bank held an online bingo game involving several of its branches and donated the game proceeds; proceeds from the monthly Recyclables Fair were also donated.
BPI also worked with the Ayala Group of Companies for the repacking of goods sent to the relief operations center of the Department of Social Welfare and Development at the Villamor Air Base in Pasay City. Two batches of BPI employees helped in the two-night effort (17 volunteers on November 21, and 150 on November 22), participated in by close to 2,000 employees from the entire AGC.
BPI Foundation to rebuild schools, houses
BPI Foundation is set to rebuild and rehabilitate schools and houses in areas struck by Yolanda last month, using proceeds raised in a matched fund-raising campaign by the bank and its employees.
Under the fund-matching campaign, dubbed “10+10,” the Bank promised to match the donations made by its employees peso-for-peso if they reached P10 million. In a little over two weeks, BPI employees raised P11,491,284.60, resulting in a combined donation of P22,982,569.20 from the Bank and its employees.
Of the P22-million combined donation from BPI and its employees, P10 million will be allotted for building two-story, four-classroom school buildings in the devastated areas. These school buildings follow the architectural plan already being used by the foundation in similar rebuilding efforts in Cagayan de Oro. This Misamis Oriental city was hit by massive floods triggered by Typhoon Sendong back in December 2011, leaving residents displaced and structures wiped out.
The houses, on the other hand, will be built first for teachers whose houses were destroyed by the typhoon. Each house is estimated to cost P200,000.
In the past, the Foundation had partnered with the Department of Education for the building of school houses, and Habitat for Humanity to build homes for the needy.
As of December 13, the foundation had also raised another P11 million from individuals and organizations outside the bank for the rehabilitation efforts.