SECTION 2. Donations not qualified. The exemption granted herein shall not apply to donations made in favor of family owned and/or controlled foundations or foundations created specifically for the purpose of receiving donations of lands or foundations created for a limited scope or purpose.
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 697 Section 2 (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).
