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We intend to put up a fund which shall never be “touched” and shall forever remain in “trust” to be earning interest within a fixed  maturity period.  The interest at the end of the maturity  period will be used to help  poor but deserving law scholar with leadership capability. The beneficiary  may only be one scholar for a long time  but whose potential to be leader  is great. Hopefully, he or she will make a big impact on society. He or she knows, feels and lived poverty and thus has empathy towards the poor and a burning desire to lift them up.

Hopefully, the financial institution where the fund is kept in trust will participate by utilizing  the fund as part of its loan scholarship program. In this way the not-so-significant  interest for the fund is offset by its being used by the institution for its loan scholarship projects.

The contributors will be  clients and friends of  this law firm.

For this we propose to allocate an initial fund of P30,000.00.

In due time, we shall formalize the legal structure of this AID.

We welcome your suggestions and comments.

For advice on above subject, you may contact J.A.B. Bulao & Associates at attybulao@gmail.com.

 

See entry under RE CORPORATIONS.

For advice on above subject, you may contact J.A.B. Bulao & Associates at jabblaw@yahoo.com or send a message to  Cell No. 09155205254.

REPUBLIC OF THE PHILIPPINES)

_______________________________  ) SS.

JOINT AFFIDAVIT OF SUPPORT AND CONSENT

We, ______________________ and ________________________, both of legal age, and residents sworn, hereby depose and state, that:

1.       We are the parents of __________________________ born on _____________ in the City/Municipality of _________________, Philippines;

2.       We are applying for tourist visa for our said child/children with the Embassy of _________________;

3.       We have more than sufficient income derived from business/employment of both/either of us, more or less in the amount of P_______________ monthly, hence we are assuring the government of the Republic of the Philippines, that we are more than financially capable of defraying his/her/their expenses of said travel and capable of giving support to our said child/children during their/his/her stay in the country where he intend to go;

4.       We hereby give our full consent and authority to our said child/children to travel to said country freely and voluntarily and we guarantee that he/she/they shall not become a public charge and/or burden to said country or become a liability/liabilities to the Philippine government;

5.       We are executing this Joint-Affidavit of Support and Consent in order to attest to the truth of the foregoing and circumstances and in order to show compliance with the requirements of the Department of Foreign Affairs prior to issuance of tourist visa.  

IN WITNESS WHEREOF, I hereunto affix my signature this ___________ at Makati City.

____________________                                   ______________________

                    Affiant                                                           Affiant

          CTC No.  ___________                                   CTC No.   ___________

          Issued on  __________                                  Issued on  ___________

          Issued at   __________                                  Issued at   ___________

SUBSCRIBED AND SWORN to before me this ______________ at Makati City, Affiant exhibiting to me their Community Tax Certificate appearing below their names.

Doc. No. _____;

Page No. _____;

Book No. _____;

Series of _________.

For advice on above subject, you may contact J.A.B. Bulao & Associates at jabblaw@yahoo.com or send a message to  Cell No. 09155205254.