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The IPI Foundation Inc has been in existence for three years. However, under the name of Don Go Lam Foundation (1993-2006), the Foundation has been in operation for 16 years. Owned and operated by the owners of the International Pharmaceuticals Incorporated (IPI), the IPI Foundation is the company’s expression of its corporate social responsibility. The company is founded by the Wong-Castillo family, one of Cebu’s prominent successful Filipino-Chinese industrialists.
IPI just celebrated its 50th founding anniversary in May 2009. From its humble beginnings as producer of liniment preparation, IPI has now diversified into a wide variety of product lines from detergents, food supplements, anti-septic compounds, processed foods, among others. In celebrating its achievements, IPI continues to extend financial and logistical support to the IPI Foundation.
The helping hand of the company, through the benevolence of their President and CEO, the late Mr. Pio W. Castillo, Sr., or “tatay” as fondly called by all employees of IPI, was evident before the formal creation of their first foundation on March 1, 1989, the Bread for the Philippines Foundation, Inc. was born out of the company’s desire to extend their philanthropic act not only their employees but also to the communities anywhere in the Philippines. As aptly said by him, “the company is morally obliged to give back a portion of the profit that we got from the Filipino people.”
The Bread for the Philippines Foundation inc., sometime in May 1989, in tandem with the USAID, undertook reforestation project and donated artesian wells in the mountain barangays of Carmen and Borbon, Cebu. The initial were successful but the foundation’s remaining activities had to be stopped temporarily due to the creation of another foundation in honor of their late father, Don Go Lam. The Don Go Lam Foundation, Inc., was registered with the Securities and Exchange Commission on April 22,