How do you establish a foundation in the Philippines?

Question

Our organization ( UP Economics Society: http://upeconomicssociety.ph ) wants to establish a foundation, which will aim to fund scholarships and serve various communities. Actually we have been doing this for the longest time, we would just want to "formalize" it. :P

What are the steps to establishing a foundation? :)

Answer 1

Ask your politician, a school teacher might help.  Churches too.

Answer 2

This is from Stanford, in the USA. When I looked for a similar document dealing with the Philippines, things got murky.

http://www.ssireview.org/tags/foundation...

Answer 3

visit the nearest securities and exchange commission and get a pro forma articles of incorporation and by-laws for non-stock, non-profit foundations.  if i am not mistaken, it should cost you 500 pesos. fill up the blank spaces and have it notarized.  then pay the required registration fee and your foundation is set to go.