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QUEZON CITY, (PIA) — The Philippine Olympic Committee (POC) Special Incentive Trust Fund for medal-winning athletes has begun to take shape rapidly after key COP partners pledged their full support, particularly ahead of 2023 when two major regional games are due to be staged. .
President of the POC Rep. Abraham “BambooTolentino thanked Ramon S. Ang and San Miguel Corp. (SMC) and Manuel V. Pangilinan and his MVP Sports Foundation, Smart and PLDT for their commitment to the trust fund, a first of its kind in Philippine sports.
A third major benefactor, Charlie Gonzales’s Ulticon Builders Inc., has also pledged its support for the trust fund that will supplement the statutory incentive program for medal-winning athletes and government coaches through the Commission. Philippine sports.
“The POC expresses its gratitude to Mr. RSA (Eng) and Mr. MVP (Pangilinan) for their unwavering and enthusiastic support of the Trust Fund, which aims to inspire our athletes to further progress in their quest for victories abroad .,” Tolentino said in a press release on Tuesday.
Tolentino said the trust fund would be a strong incentive for athletes competing in the 32nd Southeast Asian Games in Cambodia in May as well as the 19th Asian Games in Hangzhou in China, which have been postponed for a year. to September 2023.
“It will be a very busy year for Filipino sports and, as we have done this year, the POC will once again guarantee medal-winning athletes their incentives to excel even more.“, Tolentino said.
The POC under Tolentino began awarding cash bonuses to medal-winning athletes at the 2021 Tokyo Olympics and the 31st SEA Games last May, where the organization released a total of 11.150 million pesos in cash bonuses to 417 athletes who won 52 gold, 70 silver and 105 bronze medals in Vietnam.
The POC’s special incentive trust fund program will stimulate private sector support to reward medalists from the SEA Games, Asian Games and Olympic Games.
“All donations from private corporations will automatically go to this athlete incentive trust fund.“, Tolentino said. (POC/PIA-RCN)