UPAE Turns Over P13 million to UPERDFI

On the occasion of its last Board Meeting for the year last December 16,  UPAE turned over to the UP Engineering Research and Development Foundation, Inc (UPERDFI) the sum of three million pesos representing 50% of the proceeds from the highly successful 2015-2016 Raffle.  The raffle was undertaken to raise funds for the UPAE Study Now Pay Later Program. Apart from ticket sales, direct donations were solicited from generous donors. The ten million turned over consists of 9 million for the trust fund and 1 million for the disbursement fund. Disbursements for each scholar is P 60,000 a year at P5,000 a month.

Present at the turn over were: UPCOE Dean Rizalinda De Leon. from UPAE – Current Directors:  Levy Espirity, Dante Abando, Francisco Arellano, Adrian Arias, Elise Del Rosario, Rene Nolasco, Patrick Pascual, Lilit Tumbocon, Carlos Umali andNicky Villasenor, – Incoming Directors:  Gerardo Angeles, Silvino Alcabasa, Ildefonso Banzali, Elmir Dela Cruz and Leon Silvano Ramos and from ERDFI:  Alfonso Aliga, Roasrio Calderon, Pedro Maniego, Joseph Gerard Reyes, Antonio Ostrea and Rafael Aguila.