CYDF Newsletter, Vol.2, Issue 1, 2007 August 2008 - Calantas ...

V OLUME 2, ISSUE 14. Community Empowerment To Self-EmpowermentAnother important feature of the CYDFIScholarship Program, it empowers of the community tocome together in support of the Satellite Program that isbeing implemented in the barrio, knowing that whateverfinancial resources they raise and generate will benefitdirectly their own scholars and the main responsibilitythey only have is to have the “financial resources raisedand spent be matched with accurate bookkeeping and thefund, on hand”. This same financial record and bookkeepingand fund on hand should match, especially duringannual Auditing by a 3rd party, the CPA and all recordsshall be supported with documents like receipts and/ornotes of activities, duly signed by an authorizedrepresentative of the Satellite Program in the community.The only time when a Satellite Program shall beasked by the main Office (CYDFI Philippines) forfinancial support is when some of the activities of themain Office shall involve directly the Satellite Programactivities, which can be negotiated and defined in thefuture between the Satellite Program Office and the mainOffice of the Foundation.Fig.6: Community EmpowermentP AGE 9The diagram indicates thatwhen Scholarship Program reachesits level of maturity of operation, thecommunity will start “feeling” theimpact of growth and will continue todo so until one day, there will be apool of socially responsible leaders inwhose only Mission is to continuehelping to address abject poverty inthe community. As community feelsempowered, it will eventuallybecome self-empowered due to theinspiration caused by the Mission ofthe Foundation.5. Ripple Effect to Other Rural CommunitiesOther communities can benefit from the ScholarshipProgram Model by replicating it and will bedesignated as Satellite Programs of the Foundation. ASatellite Program shall have the independence of“raising and spending its own scholarship revenue” andCYDFI shall be responsible for monitoring the former’sfinancial activities thru audit by a CPA as part of thelatter’s annual report to BIR, then to SEC (Manila), inexchange for the Satellite Program to get tax-credits forits direct donors through the Foundation, as a registerednonprofit organization.This modality creates a sense of ownership andincentives to the supporters of Scholarship to theSatellite Program because all its financial resources areraised and spent for the youth scholars in the respectivecommunity.Log on at: www.cydf821philippines.com for more informationFig.7: Ripple Effect To Rural AreasCYDFI Scholarship Program ModelCalantas * Nabuclod Aeta CommunityCYDFI Satellite Program 001: LuzonCYDFI Satellite Programs: VisayasCYDFI Satellite Programs: Mindanao