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S & T Foundations Supervision Unit
Office of the Undersecretary for S & T
2/F Imelda Bldg., DOST Compound
Gen. Santos Ave., Bicutan, Taguig City
Tel. No. 837-2071 loc. 2026
Science and technology oriented foundations are accredited for tax exemption purposes as mandated by the R.A. No. 2067 (Science Act) and pursuant to the National Internal Revenue Code and Tax Reform Act of 1997.
If requirements are complete, this transaction can normally be completed in 22 working days.
WHO MAY AVAIL OF THE SERVICE
Private foundations engaged in, and whose funds are dedicated to scientific pursuits
REQUIREMENTS (in three copies)
1. A written request for accreditation addressed to the Office of the Secretary of the DOST
2. Certified true copy of articles of incorporation and by-laws with SEC registration
3. Proposed 5-year S&T / R&D Program with corresponding budget allocation
4. List of Officers / Board of Trustees and working staff
5. Certification by the treasurer of the foundation that it has an initial capital of at least Php 50,000.00
SCHEDULE OF AVAILABILITY OF SERVICE
Monday-Friday
8:00 AM – 12:00 NN
1:00 PM – 5:00 PM
FEES
Registration Fee worth P500.00 to be paid upon approval of accreditation
HOW TO AVAIL OF THE SERVICE :
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Step
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Applicant-Foundation
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Activity of the Office-in-Charge
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Duration
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Office-in-charge
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| 1 |
Inquire via phone or visit the SFU |
Provide the client with a short briefing on the service and its requirements |
20 minutes |
Science Foundation Supervision Unit (SFU) |
| 2 |
Send letter of request and required documents |
Receive the letter of request and required documents
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1 working day |
Office of the Secretary (OSEC)
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Check verify and transmit submitted documents to the concerned DOST Agency/Council |
2 working days |
SFU |
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Evaluate Proposals
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15 working days |
DOST Agency/Council |
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Prepare recommendation
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1 working day |
SFU |
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Clear/ endorses documents
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1 working day |
OUSEC-S & T |
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Approve/ disapprove application
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1 working day
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OSEC |
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Transmit approved application and advise client on the courses of action to be taken by the foundation, e.g. payment of annual fee and submission of audited financial report |
1 working day |
SFU |
| 3 |
Pay the P 500.00 Registration Fee |
Record payment and issue OR |
10 minutes |
SFU |
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