Torre Lorenzo Development Corporation recently turned over the first tranche of its education sponsorship fund to the Armed Forces of the Philippines Education Benefit System Office (AFPEBSO).
Under the agreement signed in 2019, TLDC will fund scholarships over a 10-year period for college-aged beneficiaries of military servicemen and women who were killed in action.
The P10-million scholarship fund covers full tuition and miscellaneous fees for grantees to be given yearly for the entire program donation.
“Torre Lorenzo shares the AFPEBSO’s commitment to education, which has the transformative power to uplift lives and communities,” said TLDC CEO Tomas Lorenzo, underscoring that despite the pandemic, the company’s sustainability commitments to its communities remain a priority.
In receiving the check donation, AFPEBSO Deputy Chief of Staff Rear Admiral Erick Kagaoan thanked the company for its continued partnership.
“This donation is surely a big help in the operationalization of our education programs,” Kagaoan said.