Articles of Incorporation

of the
Baguio City Overseas Workers Foundation, Inc.

KNOW ALL MEN BY THESE PRESENTS:

That we, all of whom are of legal age and residents of the Philippines, have this day
voluntarily associated ourselves for the purpose of organizing the Foundation, a non-stock
and non-profit corporation under and by virtue of the laws of the Republic of the Philippines,
and

WE HEREBY CERTIFY THAT:

First.

The corporate name of the Foundation shall be Baguio City Overseas

Workers Foundation, Inc. and may be otherwise called and known as BOWF.

Second.

The purposes and mission for which the Foundation is formed are as follows:

To help develop and harness the educational potential of underprivileged but

determined elementary, high school, and college students in the City of Baguio;
To help develop and harness opportunities for Baguio City students in their
quest for formal education;
To promote our motto Education Should Be an Opportunity for All in accord
with the principles of the Foundation by searching, sponsoring, and guiding qualified
students who may not have the opportunity to go to school without financial
assistance;
To instill among the youth the value of education in the now competitive age;
To serve as a safety net for qualified students who may encounter hardships
and difficulties in meeting the financial requirements of their studies;
To adopt, promote and enhance the purposes of the national educational
development program of the government;
To encourage the responsive involvement of the private sector to help
promote education in the country;

unity

To support, promote and enhance the spirit of camaraderie, fellowship and

among its members;

To transact any and all other lawful activities which the Board of Trustees
considers appropriate to further the purposes of the Foundation, and
To encourage and if need be finance other similar organizations that support
the education of the youth.

Incidental Purposes

In furtherance of its mission, vision and goal, It may acquire properties,

whether real or personal, by purchase, donation, usufruct, bequest, and/or by other
legitimate means, and encumber or sell such properties for its legitimate purposes;
receive membership fees and dues, assessments, contributions, gifts, legacies,
grants-in-aid, endowments, subsidies and donations from members, as well as nonmembers, from here and abroad; may invest and expend its funds, moneys and
properties in such tourism-related ventures, projects and activities as the Board of
Trustees may deem proper and necessary in pursuit of its objectives; and
Generally, as may be permitted by law, may do all such other acts and
exercise such powers and prerogatives as may be directly or indirectly necessary,
suitable and proper to attain any of the objectives and purposes of the Foundation.

Third.

The Foundation is an education-oriented organization composed of overseas

workers, either retired or in the active employment abroad, who are residents of
Baguio City. It is non-profit and as such, no part of its revenues shall be distributed,
nor any of its assets shall ever be used or expended for nor inured to the benefit of
any of its officers or members. The revenues it may generate incidental to its
operation shall, as deemed necessary and proper under the circumstances, be
expended solely for the furtherance of the purposes for which the Foundation is
organized. The Foundation is non-partisan, non-sectarian and non-ideological.

Fourth.
The principal office of the Foundation shall be located at the address of the
office of the incumbent Secretary or any other convenient location which the
Foundation may deem appropriate in order to serve and carry out its objectives.

Fifth.

Sixth.

The term for which this corporation shall exist is fifty (50) years from and after
the date of incorporation, renewable for such other terms as now or may hereinafter
be permitted under the laws of the Republic of the Philippines.

The names, nationalities and residences of the incorporators are as follows:

Name

Nationality

Residence

Arianne A. Loyola

Filipino

15A
Camdas
Subdivision, Baguio City

Eileen C. Kiwalan

Filipino

123
Brgy.
Baguio City

Cherrybeth T. Batuna

Filipino

898
Calderon
Baguio City

Rex D. Maiyao

Filipino

596 Aurora Hill, Baguio

City

Howard Y. Chan

Filipino

6B Guisad Rd., Baguio

City

Tabora,

St.,

List of additional members, who may be admitted in accordance with the by-laws of
the Foundation, shall be entered into the Membership Registry and shall be submit
ted to the Securities and Exchange Commission from time to time.

Seventh.
The affairs of the Foundation shall be governed by the Board of Trustees of
seven (7) members, and that the names, nationalities, and residences of the
Trustees, who are to serve as such until their successors should have been duly
elected and qualified in accordance with the By-Laws, are as follows:

Name

Nationality

Residence

Arianne A. Loyola

Filipino

15A
Camdas
Subdivision, Baguio City

Eileen C. Kiwalan

Filipino

123
Brgy.
Baguio City

Cherrybeth T. Batuna

Filipino

898
Calderon
Baguio City

Rex D. Maiyao

Filipino

596 Aurora Hill, Baguio

City

Howard Y. Chan

Filipino

6B Guisad Rd., Baguio

City

Godfrey F. Rapisura

Filipino

19 West Quirino Hill,

Baguio City

Mary Joy C. Baybay

Filipino

18 Dizon Subdivision,
Baguio City

Tabora,

St.,

Eighth.
The Foundation shall be financed, operated, and maintained by membership
fees and dues, assessments, contributions, gifts, bequests, legacies, donations,
grants-in-aid, endowments, subsidies, as well as interests and other earnings of the
legitimate investments of its funds and assets.

Ninth.

Ms. Arianne A. Loyola has been duly elected by the incorporators as

corporate treasurer of the Foundation, to act as such until her successor has been
duly elected and qualified in accordance with the By-Laws and that, as such Treas
urer, she has been authorized to receive for and on behalf of the Foundation and to
receipt in its name all membership fees, dues, assessments, contributions, gifts,
bequests, legacies, donations, grants-in-aid, endowments and subsidies, to support
and maintain the operations of the Foundation..

IN WITNESS WHEREOF, we have hereunto set our hands this 15th of December 2012,
in Baguio City, Philippines.

Republic of the Philippines

) S. S.
______________________ )

BEFORE ME, a Notary Public for and in Baguio City on this ___th day of
________________, _____, personally appeared the following persons, exhibiting to me
their respective Community Tax Certificates:

Name

CTC No.

Date

Place

Arianne A. Loyola

07330103

Oct. 4, 2012

Baguio City

Eileen C. Kiwalan

11077597

Nov. 4, 2012

Baguio City

11057262

Nov. 15, 2012

Baguio City

Rex D. Maiyao

07379009

Nov. 16, 2012

Baguio City

Howard Y. Chan

09712099

Nov. 10, 2012

Baguio City

Godfrey F. Rapisura

24634146

Dec. 5, 2012

Baguio City

Mary Joy C. Baybay

09697232

Dec. 4, 2012

Baguio City

Cherrybeth
Batuna

T.

all known to me and to me known to be the same persons who executed the
foregoing Articles of Incorporation of the Baguio City Overseas Workers Foundation, Inc.
consisting of 4 pages, this page included, and acknowledged to me that the same is their
own free and voluntary act and deed.
IN WITNESS WHEREOF, I hereunto set my hand and affixed my notarial seal on the date
and place herein first above written.

Harper Margaret Yano

Doc. No.

Notary Public, Baguio City

Page No.

Until December 31, 2013

Book No.

PTR No. 2755488, 01/03/12

Series of

IBP No. 743890, 01/03/12