Our group is not registered with the Philippine Securities and Exchange Commission due to lack of fund. According to the SEC the following requirement is needed:
For Foundation —
(a) A notarized Certificate of Bank Deposit of the contribution of not less than P1,000,000.00 ;
Unfortunately, we do not have this amount and therefore we cannot request to be considered as a legitimate and certified foundation. As much as we appreciate the help of our monetary donors, we need you to understand that we are not able to provide official receipts because of the above reason.
Nevertheless, we are not hindered from helping and providing relief to our brothers and sisters. Instead of being called as a foundation, we are recognized as a group of people who understand and realize that we just want to help.
All donations that are given through us are all accounted for. We will soon provide a copy of the donations as well as expenses that we have.
Update: We are working on getting registered not as a foundation but as a different group. Hopefully, we will be able to complete the requirements and be accredited soon.