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PD 453 Section 6

PD 453 Section 6

Endowment Fund.

Section 6

SEC. 6. Endowment Fund.—To provide a source for the funding of programs and projects of the Center, there is hereby established an Endowment Fund which shall be self-sustaining and shall consist of contributions, donations, bequests, grants and loans from domestic and/or foreign sources, government subsidy appropriations and other income accruing from the operations of the Center. For the initial organizational and operational requirements of the Center, there is hereby appropriated out of any fund in the National Treasury or other sources not otherwise appropriated the sum of Five Million Pesos (P5,000,000.00) and an annual amount of Two Million Pesos (P2,000,000.00) shall continue to be appropriated for six years to support the operations of the Center. The Endowment Fund shall be administered as a Trust with the Board of Trustees of the Center as trustee thereof, provided that the principal of the fund shall not be impaired and that only the earnings thereof shall be available for expenditure.

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Other provisions in PD 453

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 453 Section 6 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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