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Consuelo Chito Madrigal Foundation Charity Profile
The Consuelo Chito Madrigal Foundation (CCMF) was established on July 11, 1997 by Doņa Consuelo Chito Madrigal, a distinguished banker and philanthropist. With the vision of helping Filipino families out of poverty, CCMF believes in philanthropy that creates productivity and charity that enables capability.CCMF is a non-profit, non-stock corporation. It is centrally governed by a Board of Trustees chaired by Dona Consuelo Chito Madrigal. An Executive Director, Ms. Anna Maria M. Gonzales, is chief executife officer (cf. Administration). CCMF uses funds dedicated for its goals and purposes primarily from the personal means of Dona Chito Madrigal. CCMF, however, welcomes matching or supplementary funds from other philanthropists, friends, charitabe and philanthropical organizations
In 2004, Dona Consuelo Chito Madrigal approved the grant for Bikol and organized the foundation's Bikol Branch to uplift the lives of the poor in the region. Bikol, 281 miles south of Manila, Philippines, is the third poorest region of the country. Data from the Philippines' National Economic Development Authority reveal that 46% of Bikol's population live below the poverty line. Of its six provinces, Masbate has the highest poverty incidence (62.8%) followed by Camarines Norte (52.7%); Catanduanes (44.7%); Camarines Sur (42.60%); Sorsogon (41.40%) and Albay (39.6%) With the regions' modest economic performance (2.87% growth), the poor will be unable to graduate from poverty.
Helping Bikol is of particular interest to Doņa Chito as her late father, Don Vicente Madrigal hailed from Ligao, Albay. From humble beginnings, Don Vicente, achieved prominence and success through hard work and determination and became one of the country's richest and most influential men. At one time, he had interest in coal, oil, cement, media, shipping and real estate.
CCMF-Bikol is headed by the Archbishop of Caceres, Most Rev. Leonardo Z. Legaspi, O.P.,D.D. and the President of Ateneo de Naga University, Rev. Fr. Joel E. Tabora, S.J. The Bikol Directors appointed Fr. Wilmer Tria as Program Manager.