PCSO SUPPORTS SPORTS
By Eddie Alinea
PhilBoxing.com
Tue, 27 Nov 2012
MANILA (PNA) - Unknown to many, the Philippine Charity Sweepstakes Office, for nearly eight decades, has been at the forefront of the country?s sports development program and, likewise, the Filipino athletes? successful campaign in the different international sports arenas.
In fact, when the PCSO was created in 1934 under act 4130, the agency was the main source of funding for the then Philippine Amateur Athletic Federation, the governing body for amateur sports, which was the main beneficiary of the law.
Of the PAAF?s P2 million annual budget then, 50 percent or P1 million came from the sweepstakes draws where each of the some 20 national sports associations got an annual outlay of P30,000, enough to carry out their year-round development program as well as their athletes? participation in international competitions.
Several subsequent amendments to the law and the creation of the Philippine Sports Commission under Rep. Act 6847, the PCSO? role as the main source in funding sports requirements was transferred to the Philippine Gaming Corp.
The PCSO though, according to its present chair Margie Juico continued to live up to the challenge of its mandate in regards to sports, including that of helping uplift the quality of life of the Filipino people, particularly the disadvantaged sectors of society.
?No, PCSO?s role in the government?s sports development program did not stop upon the creation of the PSC,? Madam Juico asserted during last Friday?s SCOOP session at the Kamayan Restaurant along Padre Faura St. in Malate.
?Republic Act 6847 which established the Philippine Sports Commission in January 24, 1990 provided that the Charity Fund of PCSO from the proceeds of six sweepstakes or lottery draws per annum shall go to the PSC,? Juico said during the forum, sponsored by Powerade, AKTV and FILA.
?From 1997 to 2010, PCSO has given the PSC the amount of P241,480,730.61 as it played a vital role in the country?s participation in seven Southeast Asian Games, including the overall championship victory in 2005, four Asian Games and three Olympic Games,? she recalled.
In addition to the PSC?s share of the PCSO revenue, Ms. Juico disclosed, ?we have given grants individual Filipino athletes and teams that competed and brought honors to the country and our people to international competitions eskrima, track and field, Memory Games, cycling, gymnastics, boxing, tennis, body building and golf, among others.?
?If memory serves me right, I cannot remember the PCSO rejecting requests from any spots entities and individuals for assistance, especially in terms of assistance to participate in global tournaments,? she assured.
Quoting President Aquino in his inaugural address, Ms. Juico said: ?The Filipino people are our bosses, serve them well and fail them not in the delivery of basic services. I and the entire PCSO family say Amen to that.?
All revenues of PCSO according to her are split three ways: 15% for Operating, 30% for Charity and 55% for Prize Fund. ?Our charity fund takes care of Health programs, medical assistance and services and calamities which are national in character? the PCSO chair said.
?Likewise, we give individual medical assistance to ailing athletes and their relatives. Almost 46% of the 30% for charity goes to our mandated beneficiaries as provided in Republic Acts and Executive Orders.?
Click here to view a list of other articles written by Eddie Alinea.
Recent PhilBoxing.com In-House articles:
ALOYSIUS YAPP CLAIMS LONG-AWAITED US OPEN CROWN
Sun, 24 Aug 2025Don King Productions Moving Forward With October 4th WBA World Heavyweight Showdown
Sun, 24 Aug 2025Controversial Judges from Pacquiao-Barrios Fight Tapped for Canelo-Crawford Showdown
By Dong Secuya, Sat, 23 Aug 2025Levinson’s Gift: Runyon’s quiet revelation, Lawton’s last battle, and the first Filipino boxer
By Emmanuel Rivera, RRT, Sat, 23 Aug 2025Rodrigo to challenge undefeated Sandoval in US
By Lito delos Reyes, Sat, 23 Aug 2025Round 12 with Mauricio Sulaimàn: Call to Action 12 Items for Boxers' Safety
By Mauricio Sulaimán, Fri, 22 Aug 2025Libranza vs Pangga headlines Elorde card on Aug 24
By Lito delos Reyes, Fri, 22 Aug 2025GM Antonio to compete in P100,000 top prize Rapid chessfest this Sunday in Roxas City, Capiz Province
By Marlon Bernardino, Fri, 22 Aug 2025AISAT Basic Ed football training starts
By Kim delos Reyes-Teves, Fri, 22 Aug 2025Josh Navarro Scores Another Win in Pomona, California
By Carlos Costa, Fri, 22 Aug 2025UNDEFEATED CRIZTIAN PITT LAURENTE SET TO FACE HEBI MARAPU FOR IBF PAN PACIFIC TITLE
Fri, 22 Aug 2025Dare To Enter: Undefeated WBC Interim Champion Vergil Ortiz to Defend Super Welterweight Title From Number 1 Contender Erickson “The Hammer” Lubin
Fri, 22 Aug 2025Euri Cedeno Takes on Willie Jones on Friday, September 5th at Wind Creek Event Center in Bethlehem, PA
Fri, 22 Aug 2025COE AND HART CLASH ON BOOTS ENNIS CARD IN PHILADELPHIA
Thu, 21 Aug 2025‘There's nothing that he brings to the table that I've not got an answer for’ Sam Rennie on upcoming fight at Thunderdome 51
Thu, 21 Aug 2025