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REGULATIONS

  • SEC INCREASES FINANCIAL AND NON-FINANCIAL PENALTIES TO NON- COMPLIANCE TO BENEFICIAL OWNERSHIP DECLARATION. The Securities and Exchange Commission (SEC) issued Memo Circular 10-2022 increasing the penalties and imposing additional non-financial penalties to failure to comply with beneficial ownership declaration (BOD) in the GIS. For non-stock corporations, the penalties are assessed based on fund balance and will range from PhP25,000 to PhP1,000,000 depending on the fund balance and number of violations. Trustees who will be found to have failed in exercising oversight in the BOD will be subject to penalties and may be disqualified from serving as trustee in any NGO for at least five years. Read the full circular. (Posted December 19, 2022)
  • SEC ANNOUNCES SCHEDULE OF FILING OF THE 2023 AFS AND GIS. Corporations with a December 31, 2022 cut-off in their financial reporting shall file their audited financial statements (AFS) on the following dates:


Those whose fiscal year ends on a date other than December 31, 2022 shall file their AFS within 120 days from the end of their fiscal year. For the General Information Sheet (GIS), NGOs and foundations must file within 30 days from the actual conduct of their annual membership meeting. Read the full circular. (Posted December 12, 2022)

JOB OPPORTUNITIES

  • PROJECT OFFICER FOR LEAD TO SERVE. The Association of Foundations is seeking for a Project Officer who will provide administrative and technical support to the network’s flagship program LEAD to Serve. Please click here for details on job requirements and eligibilities. Interested parties may send their Letter of Intent and CV using ”Application: PO” as subject line to afsecretariat@gmail.com.
  • SOCIAL MEDIA SPECIALIST. Jesuit Communications Foundation is looking for a Social Media Specialist to be part of the GOMBURZA marketing team. Interested parties may send their CV and portfolio to jcf@affiliate.ateneo.edu. Application deadline is on Friday, December 16, 2022. Click here for more details.
  • CHIEF OF PARTY (COP). The United States Agency for International Development (USAID) awarded the Investing in Sustainability and Partnerships for Inclusive Growth and Regenerative Ecosystems or “INSPIRE” Project to the Gerry Roxas Foundation (GRF) on September 14, 2021. GRF is currently searching for a Chief of Party (COP) who will provide overall leadership, technical guidance, and supervision to the INSPIRE project team in the implementation of its strategic approaches. Read more.
  • ACCOUNTING/FINANCE MANAGER. Upskills+ Foundation is seeking a Finance Manager that will will work closely with the CEO, HR and Bookkeeper of the charity, and will be collaboratively working with the Program Managers – Welfare Manager and Livelihoods & Community Development Manager as well as our PCF (Purple Community Fund) counterparts in the UK. Applications may be submitted to Joey.calinga@upskillsfoundation.org. Read more.

FUNDING OPPORTUNITIES

TELUS International Philippines Community Board is now accepting grant applications for local, grassroots non-profit NGOs registered with the SEC and BIR for its first funding cycle for 2023. Deadline of submission is on February 10, 2023. More information.

Forest Foundation Philippines supports organizations that implement projects to protect the forests through its Forest Landscape Grant Program and Focused Grants Program. Read more.

The Foundation for a Sustainable Society, Inc. (FSSI) supports the sustainability of local economies and ecosystems through the Social Enterprise Investment Fund (SEIF), a set of financial products that can be accessed by social enterprises with the goal of reaching economic viability, ecological soundness, and social equity. Read more.

The Foundation for the Philippine Environment (FPE) is accepting proposals for programs and activities that strengthen the role of NGOs, POs, and local communities in the responsible management of the natural ecosystems and the country’s biodiversity. Read more.

Peace and Equity Foundation aspires to drive positive change in poor Filipino household communities by investing in social enterprises that will provide them with viable livelihood and better access to basic services. They work with partners who share this vision by developing models and best practices that will steer social enterprises to scale up. Find out how you can start a promising partnership with PEF. Read more.

RESOURCES

World Bank shares report “Overcoming Poverty and Inequality in the Philippines”

ICHRP shares final report on the Philippine elections

Evidence-based local planning and budgeting using the CBMS

Labor Laws for NGO Workers

Other Resources:

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