Hello Andre, Welcome!
I've taken a look at the Corporation Code of the Philippines ( http://www.chanrobles.com/legal5cc.htm) way before and I think a normal membership-based non-profit structure is the easiest to set-up. The singular problem with setting up a foundation is the 1 million-peso capital requirement and I don't think that OSM Philippines would have activities that needs foundation status to be effective. Raising 1 million pesos to set up a foundation just to get tax-deductible donations is too big a hurdle (not to mention all of the tax auditing, financial bookkeeping, and SEC requirements that goes along with it). If we need funds for activities (like lectures, conferences, promotional events, etc.), I think simply getting sponsors for those activities is easier. Regards, Eugene On Fri, Jan 30, 2009 at 6:26 PM, an...@enthropia.com <an...@enthropia.com>wrote: > Hi, > > I'd like to introduce myself to the list, my name is Andre Marcelo-Tanner, > Filipino and resident of the Philippines. I am also from the company > Enthropia Inc., of which Ahmed Farooq heads, I head up the Philippine > division of the company here in everything that we do locally. Ahmed's the > one who's more familiar with OSM though :) > > I'd like to add in regards to the topic of creating an organization, the > fees are not much for a non-profit if we are not a foundation since its > just the registration fees etc. I would like to ask though if OSM > Philippines would like to be setup as a foundation, which is mainly to > accept donations and use them for the mission of the company, usually > charitable. The minimum deposit for a foundation is now at P1,000,000 > apprently where it only used to be P100,000 before. I'm still inquiring > into the various technical differences between a foundation and other > nonprofit types. > > Anyway that's all for now, I really like what OSM Philippines has been > doing and hope we can grow it even more. > > Best Regards, > > Andre > > -------------------------------------------------------------------- > mail2web.com – Enhanced email for the mobile individual based on > Microsoft(R) > Exchange - http://link.mail2web.com/Personal/EnhancedEmail > > > > _______________________________________________ > talk-ph mailing list > talk-ph@openstreetmap.org > http://lists.openstreetmap.org/listinfo/talk-ph > -- http://vaes9.codedgraphic.com
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