June 24, 2010
BIR RULING [NSNP-(S30E-013) 057-10]
Sec. 30 (E); BIR Ruling No. DA-045-01; BIR Ruling No. DA-502-06
Edgardo S. Trota Memorial Foundation
Max's Baclaran Building, Baclaran
Roxas Boulevard
Parañaque City
Attention: Mr. Armando F. Orcena
Executive Secretary
Gentlemen :
This refers to your letter dated March 18, 2010 requesting for exemption from the payment of income tax and the filing of the corresponding income tax return under Section 30 (E) of the Tax Code of 1997. ISCaTE
Documents submitted to this Office disclosed that the EDGARDO S. TROTA MEMORIAL FOUNDATION is a non-stock, non-profit charitable corporation duly registered with the Securities and Exchange Commission (SEC) under SEC Registration No. A200113217 dated September 18, 2001 with Tax Identification No. (TIN) 213-910-492-000; that the purpose(s) for which the corporation was formed, among others, are as follows:
1. To sponsor, support, promote, encourage and finance educational activities and projects; conduct or otherwise support, fund and provide ways and means to give educational scholarships, travel grants, seminars, lectures, conferences, meetings and exhibitions calculated to attain that purpose;
2. To raise funds for the activities of the Foundation by donations, gifts, benefits,...
