Creating The Nayong Pilipino Foundation

Case Overview and Summary

Summary of Presidential Decree No. 37

Creation of the Nayong Pilipino Foundation
- A non-stock, non-profit public corporation established in the public interest. (Section 2)
- Main executive office in Manila. (Section 1)

Purposes and Objectives of the Foundation:
- Promote research and development projects in social sciences, humanities, and related fields. (Section 1a)
- Formulate comprehensive social welfare programs for the upliftment and amelioration of the destitute members of society. (Section 1b)
- Encourage participation of domestic and foreign sectors in providing financial, technical, and other assistance for social welfare programs. (Section 1c)
- Promote dissemination of research results in social sciences and humanities and their practical application. (Section 1d)
- Establish scholarships or professional chairs to foster research in social sciences and humanities. (Section 1e)
- Establish parks and recreation centers for tourism promotion. (Section 1f)
- Construct buildings, libraries, laboratories, workshops, or other educational accessories for scientific research. (Section 1g)

Governance and Management:
- Policy-making body is the Board of Trustees, composed of a Chairman and eight Members appointed by the President for a one-year term. (Section 3)
- The Board shall ordain rules and regulations for the organization, meetings, officers, and management of the Foundation through a Code of By-Laws. (Section 4)
- An Executive Secretary shall be appointed to administer the affairs of the Foundation and act as secretary to the Board. (Section 5)

Powers and Privileges:
- The Foundation has the power to sue and be sued, contract, own and hold property, receive gifts and bequests, adopt a seal, adopt by-laws, exercise general corporate powers, and carry out its provisions. (Section 6)
- The property occupied by the Foundation is transferred to its ownership, subject to conditions on transfer, mortgaging, and reversion to the government. (Section 7)
- The Foundation is exempt from all forms of taxation, duties, and imposts on imported equipment and goods necessary for its operations. (Section 8)

Reporting and Compliance:
- The Foundation shall submit an annual report to the President and Congress, detailing its activities, financial condition, sources of receipts, and purposes of disbursements. (Section 9)
- If any part of the Decree is adjudged invalid, it shall not affect the other provisions. (Section 10)
- The Decree is made part of the law of the land and takes effect immediately. (Section 11)