• PCSO releases checks for 2 govt agencies


    The Philippine Charity Sweepstakes Office (PCSO) released checks to the Philippine Sports Commission (PSC) and the Congressional Migrant Workers Scholarship Program (CMWSP) in compliance with laws that mandate PCSO to provide funding for various government agencies.

    PCSO General Manager Jose Ferdinand Rojas 2nd gave P10-million funding to PSC Executive Director Guillermo Iroy Jr. on July 2. Philippine Olympic Committee chairman Jose “Peping” Cojuangco Jr. attended the turnover.

    PCSO has been supporting sports and development programs since its creation in 1934. The agency was the main source of funding for the Philippine Amateur Athletic Federation until it was transformed into the PSC.

    From 1997 to 2010, PCSO has given sports body over P241 million to support Filipino athletes in their various activities including competitions such as three Olympic Games, four Asian Games, and seven Southeast Asian Games, where the Philippines won the overall championship victory in 2005.

    Also released on July 2 was a check for P20 million for CMWSP, which was received in their behalf by Nora Palad of the Overseas Workers Welfare Administration.

    Also ready for release are the mandatory contributions for five other agencies: P5 million for the Department of Justice’s Juvenile Justice and Welfare program, P10 million for the National Book Development Board, P25 million for the National Museum, P15 million for the National Council for Children’s Television, and P50 million for the Commission on Higher Education.

    Another P8.5 million for the Cotabato Regional and Medical Center’s purchase of ultrasound equipment is also ready for turnover.

    PCSO revenues from lottery and other games are, by law, allotted as follows: 55 percent for prizes, 15 percent for agency operations, and 30 percent for the Charity Fund, from which funding for medical and healthcare related assistance as well as mandatory contributions are taken.

    In 2012, P4 billion or roughly half of the total P8.11 billion Charity Fund was earmarked for mandatory contributions.


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