MANILA--(BUSINESS WIRE)--The Charles & Agnes Kazarian Foundation confirms a US$2 million allocation to its Wash SyCip Education Initiative. The Initiative will support primary education loans for low income Filipinos through the Kazarian-SyCip Fund, established in the Philippines by Mr. Washington SyCip. Mr. SyCip announced the establishment of the Kazarian-SyCip Fund at his 90th birthday celebration in Manila on June 30, 2011.
Allocations by the Kazarian-SyCip Fund will be based on benchmarking and best practice research by J-InterSect, a global performance improvement company at the nexus of the commercial and social sectors. The Foundation has agreed to provide funds in a manner consistent with these global benchmarks and high value-add best practices and compliant with its mission to empower great aspirations in the whole human family. Each Project Report will incorporate J-InterSect’s proprietary ABC process: (A.) detailed analysis of the best two or three global benchmarks from an initial list of 40 plus, (B.) insight from a minimum of 20 high value-add executives and thought leaders, and (C.) analytical research that vastly exceeds the current 10 best-in-class materials. The Foundation has commissioned the first J-InterSect customized Project Report on providing loans for primary education to those in poverty.
Philippines-based collaborating organizations include the Center for Agriculture and Rural Development (CARD) Inc. and the Synergeia Foundation, Inc.
About The Charles & Agnes Kazarian Foundation: The Charles & Agnes Kazarian Foundation is a private operating foundation established in 1998. The Kazarian Foundation seeks to empower great aspirations in the whole human family. The Kazarian Foundation focuses on global economic development, education, and healthcare initiatives. The Kazarian Foundation’s mission is guided by two principles: (1.) the knowledge contained in “New Philanthropy Benchmarking: Wisdom for the Passionate”, especially the principle that the social sector can achieve transformative change by cultivating intense positive competition among its stakeholders, and (2.) that a society is best judged by its success in empowering the most disadvantaged, especially those with disabilities.
About the Center for Agriculture and Rural Development (CARD) Inc.: Founded as a social development organization in December 1986, CARD has evolved into an outstanding microfinance institution (MFI) that is presently leading the pack of microfinance institutions in the Philippines.
About Synergeia Foundation, Inc.: Synergeia is a coalition of individuals, institutions, and organizations working together to improve the quality of basic education in the Philippines. Synergeia works with local governments, the Department of Education, socio-civic groups, schools, teachers, parents and students to implement systemic programs that will improve the processes, systems and structures of learning and teaching.