[talk-ph] Greetings

maning sambale emmanuel.sambale at gmail.com
Mon Feb 2 11:19:02 GMT 2009


Just let us know of any developments.  Sponsorships are most welcome.
Or simply a bounty of beers to map your neighborhood. ;)

On Sat, Jan 31, 2009 at 1:36 AM, Eugene Alvin Villar <seav80 at gmail.com> wrote:
> Hello Andre,
> Welcome!
> I've taken a look at the Corporation Code of the Philippines
> (http://www.chanrobles.com/legal5cc.htm) way before and I think a normal
> membership-based non-profit structure is the easiest to set-up. The singular
> problem with setting up a foundation is the 1 million-peso capital
> requirement and I don't think that OSM Philippines would have activities
> that needs foundation status to be effective.
> Raising 1 million pesos to set up a foundation just to get tax-deductible
> donations is too big a hurdle (not to mention all of the tax auditing,
> financial bookkeeping, and SEC requirements that goes along with it). If we
> need funds for activities (like lectures, conferences, promotional events,
> etc.), I think simply getting sponsors for those activities is easier.
> Regards,
> Eugene
> On Fri, Jan 30, 2009 at 6:26 PM, andre at enthropia.com <andre at enthropia.com>
> wrote:
>> Hi,
>> I'd like to introduce myself to the list, my name is Andre Marcelo-Tanner,
>> Filipino and resident of the Philippines. I am also from the company
>> Enthropia Inc., of which Ahmed Farooq heads, I head up the Philippine
>> division of the company here in everything that we do locally. Ahmed's the
>> one who's more familiar with OSM though :)
>> I'd like to add in regards to the topic of creating an organization, the
>> fees are not much for a non-profit if we are not a foundation since its
>> just the registration fees etc. I would like to ask though if OSM
>> Philippines would like to be setup as a foundation, which is mainly to
>> accept donations and use them for the mission of the company, usually
>> charitable. The minimum deposit for a foundation is now at P1,000,000
>> apprently where it only used to be P100,000 before. I'm still inquiring
>> into the various technical differences between a foundation and other
>> nonprofit types.
>> Anyway that's all for now, I really like what OSM Philippines has been
>> doing and hope we can grow it even more.
>> Best Regards,
>> Andre
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