AN ACT ESTABLISHING AN "ADOPT-A-SCHOOL PROGRAM," PROVIDING INCENTIVES THEREFOR, AND FOR OTHER PURPOSES
The Adopt-A-School Program, which started in 1998, was created to help generate investments and support to education outside the mainstream funding and the national budget. Under the program, legally instituted by the passage of Republic Act No. 8525 also known as “Adopt-a-School Act of 1998”, private entities, either local or overseas are given the opportunity to become partners in education through their assistance in the upgrading and modernizations of public elementary and high schools. In return, they are to enjoy additional tax incentives (150 percent) as they implement their project. They are enjoined to support the schools in any of the following areas: infrastructure, health and nutrition, teaching skills development, computer and science lab equipment and learning support. The "Adopt-a-School Program" allows private entities to assist a public school, whether elementary, secondary, or tertiary, preferably located in any of the twenty (20) poorest provinces identified by the Presidential Council for Countryside Development or any other government agency tasked with identifying the poorest provinces. And if it is a foreign donation, the adopting private entity is exempted from tax/duty free entry of goods subject to some conditions as prescribed by the Secretariat and Coordinating Council.
According to this Act, any private individual, group, organization or institution can be a partners in education. There are, however, basic qualifications of participants to the Program. A private entity that intends to participate should have credible track record to be supported by a certificate of recognition with the Securities and Exchange Commission (SEC) or with the Cooperative Development Authority (CDA). The private entity should have been in existence for at least a year.
Furthermore, when a school is adopted, the...