Press Release
September 9, 2019

Senate honors philanthropist George S.K. Ty

The Senate today passed a resolution posthumously honouring Dr. George S.K. Ty for his philanthropic contributions to the country.

"Dr. Ty trail-blazed the way to corporate compassion and social responsibility and established the Metrobank Foundation, Inc. (MBFI) as an instrument to share the benefits of Metrobank's success, Senate Minority Leader Franklin M. Drilon, who introduced Senate Resolution No. 87, said.

"The hard work of the late Dr. Ty, a visionary business leader and an icon of philanthropy, turned the Metropolitan Bank & Trust Co. into a vital economic backbone of the country," Drilon added.

According to the resolution, MBFI, under Ty, has become one of the biggest and most trusted corporate philanthropic organizations in the country and implements various initiatives in pursuit of its mission to improve the lives of the disadvantaged, accelerate social development, and promote excellence among the key sectors of our society.

"Even after the passing of Dr. Ty on 23 November 2018, his heart for community and life-long mission to make a difference in the lives of Filipinos and contribute to nation-building through the MBFI are passed on to and live through his beloved wife Mary Vy Ty, sons Arthur V. Ty and Alfred V. Ty, and daughters Anjanette T. Dy-Buncio and Alesandra Ty," Drilon also said.

Through the Metrobank Scholarship Program, more than 1,000 underprivileged youth have earned college degrees in Education, Information Technology, Engineering, Business Administration, and Architecture.

The foundation also holds the annual Metrobank-MTAP-DepEd Math Challenge, which provides venues for students to hone their mathematics skills "in an atmosphere of friendly competition."

"Through the Grants and Social Development Partnerships of MBFI, financial and in-kind assistance is extended to socio-civic and non-government organizations, as well as local and national government agencies," the resolution said.

In partnership with the Ty family foundation, the GT Foundation, Inc., and with the support and cooperation of the Department of Social Welfare and Development, the Catholic Bishops' Conference of the Philippines, Philippine National Police, Armed Forces of the Philippines, various local government units, and Catholic archdioceses, P10 million worth of food packages through the annual Bags of Blessing are distributed to 10,000 families in different areas nationwide every Chinese New Year as a way of instilling a culture of sharing.

Further, MBFI, through its majority ownership of Manila Doctors Hospital, extends a wide range of social services to indigents such as subsidies for inpatient and outpatient services, external medical and surgical missions, in-house surgical programs, and other healthcare interventions to schools and communities.

MBFI also provides quick response missions to aid those affected by natural calamities in the Philippines and in Asia, the resolution also said.

Other programs under MBPI include the Metrobank Foundation Professorial Chair Program, which, in partnership with government and academic institutions, also conducts relevant researches and discourses to inform and educate Filipinos on public interest issues and policies.

"The annual Metrobank Art & Design Excellence (MADE) Competition promotes Filipino visual arts by celebrating and recognizing the creative expression of the up-and-comers in the Philippine art scene," the resolution added.

The Senate of the Philippines has annually recognized the Metrobank Foundation Outstanding Teachers, Soldiers and Police Officers for their selfless service to their fellow Filipinos and for rendering service above and beyond the call of duty.

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