PBSP was established in 1970, during a period of national and economic unrest. Fifty Filipino businessmen pledged to set aside 1% of their companies’ net income before taxes to pursue poverty reduction programs. Through the Foundation, the business community’s pool of resources would create a difference in the lives of the poor.
Realizing that “helping people help themselves” was no easy task, we capitalized on our strength as a corporate-led foundation to develop our unique strategy of applying management skills and business sensibilities in our approach to social development.