The Bank of the Philippine Islands (BPI), through BPI Foundation recently turned over P12.7 million to the Philippine Disaster Resilience Foundation (PDRF) for the construction of a two-storey 506 square-meter safe shelter for people burdened by disasters and pandemics.
The funds came from the collaborative efforts of BPI employees, clients, and the BPI Foundation through the Bank’s fundraising initiative called #TaaLove: Sa Puso Magmumula ang Kanilang Pagbangon.
“As an institution, we are committed to continue playing a constructive and meaningful role in nation-building. We are grateful for the generosity of our dear clients and employees who took part in this initiative to help our fellow Filipinos in need,” BPI President and CEO Cezar Consing said.
Early this year, BPI called on its employees to heed the call for help by people affected by the Taal Volcano eruption. After initially raising P2.7 million from employees and a matching amount by the BPI Foundation, the program was eventually opened to the general public through the BPI branches from February 14 to March 13, 2020. An additional P10 million was raised from clients.
The multi-purpose facility was initially intended to support those severely affected by the Taal Volcano eruption and to prepare for future disasters. In light of the ongoing pandemic, the design will be modified so that it can also function as an alternative health care facility.
The facility will be built to withstand hazards in the locality and will accommodate approximately 300 people. Livelihood activities will also be held there when there are no disasters and pandemics to deal with. The construction will start in August once the ideal location is identified and the new design is approved.
To know more about BPI’s Corporate Social Responsibility initiatives, visit: