2020 ANNUAL REPORT

We’re All In This Together St. Luke’s Medical Center Foundation, Inc. 2019 Annual Report

Thank you for your generosity! At the heart of the work of the St. Luke’s Medical Center Foundation, Inc. are the Filipino people, a nation deserving of access to quality healthcare. 2019 was a momentous year for all.

Vision Equal access to quality healthcare, greater opportunities for medical education, sustained support for medical research and training, to benefit the underprivileged Filipinos. Mission To generate resources to sustain charitable, educational, and social welfare programs, and provide support for research and continuing medical education, and to promote the well-being of poor, marginalized, and gifted Filipinos.

ANNUAL REPORT 2019 St. Luke’s Medical Center Foundation, Inc. At the heart of all the work we do are the Filipino people. Every year, the Resource Development Group has become the guardian to ensure the Foundation has the financial support they need to see their work through. The Foundation is guided by its core principle: to ensure that equal access to quality healthcare is available to all. The year 2019 marks a pivotal moment, as a total of 73 million pesos was raised, allowing us to reach out to more Filipinos in need. It is, by all means, a tremendous success. This allowed the hospital, dedicated to the underprivileged, an opportunity to expand our outreach projects, help more families through social services, train more Filipino youth scholars, and fund research. The St. Luke’s Foundation and St. Luke’s Medical Center – Global City were also able to unveil the Ang Beng Uh Admissions, Evelyn D. Ang Cancer Referral Center, and George K. Young and Florida Uytengsu Young 16 Lounge. We would like to take this time to thank our generous Legacy Donors who greatly helped the social service patients and deserving students for Medical Scholarship. Working hand-in-hand with all the departments, fundraising champions, and organizations, we have solidified relationships with more donors, setting the groundwork for a more fruitful partnership in the future. We would like to take this time to give recognition to our generous donors. With your help, we have been able to serve 414 patients that’s 30% more than the total patients than last year through the social service department. Our outreach projects have changed lives of Filipinos by twofold, that’s 5,657 patients. Students who have benefited from Medical Scholarship and Continuing Medical Education program now total 167 since we began the scholarship. We are eternally grateful to the incredible generosity of those who have contributed to this year’s funding milestone. So many more lives have been changed because of all of you. Sincerely, FREDERICK Y. DY ARTURO S. DE LA PEÑA, MD, FPCS, FACS Chairman of the Board President 01

For The Filipino People For many Filipino families, the St. Luke’s Medical Center Foundation, Inc. is that last glimmer of hope when they thought all was lost. For communities who live in far-flung areas, the Foundation has become an essential visit—one that helped them diagnose or treat illnesses that they might not have known about. For the brilliant youth, the Foundation is a key to their future. It is the gateway for them to achieve their dreams and become the next generation of medical practitioners in the country. For researchers, it is a symbol of innovation—a push to ask and answer some big questions. The Foundation was established in 2012, dedicated to becoming a refuge for indigent patients in the Philippines. Today, it remains to be the hope of those who are most in need, especially in a time of increased turmoil and uncertainty. Core Programs 03 Medical Social 05 Medical 07 Medical 09 Medical Research Service Programs Outreach Programs Scholarship Programs & Development Provide care for those Reach out to Hone bright minds and Support doctors and most in need through our the underserved shape the future of scientists in their passion for Medical Social Service communities through medicine by offering discovery and innovation by Programs our Medical Outreach Medical Scholarship funding Medical Research Programs Programs and Development 02

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Medical 2019 ANNUAL REPORT 2019 Social Service Php 14,196,774 St. Luke’s Medical Center Foundation, Inc. For many Filipino families, the Medical Social Service Department of St. allotted to social Luke’s Medical Center is the answer service funding to their prayers. Many beneficiaries, beady-eyed and full of gratitude, will 182 recount their stories time and again. 141 They talk about the struggle of their health conditions, being hit with the financial burden, and then allowed a second chance at life with the help of the Foundation. This year, 14 million pesos have been spent to Medical Social Service Programs wherein 414 indigent patients have benefited. Hundreds of families’ lives have been changed for the better. 84 Cancer patients 7 Cataract patients Medication & Diagnostic Procedure patients Others 414 30% total number of patients served for more than the various illnesses total number of patients last year 04

ANNUAL REPORT 2019 Medical Outreach 2019 Programs St. Luke’s Medical Center Foundation, Inc. Php 2,459,569 The bayanihan spirit of the Filipino people is most evident in the Foundation’s allotted to outreach programs. Healthcare workers outreach programs from the hospital make it a point to carve out a little time from their usual work hours to trek far and wide to provide their services to urban and rural communities with little-to-no access to essential medical services. This year, the financial resources allotted 4,521 to outreach programs have more than doubled, totalling to more than 2 million 267 pesos. Notable projects include a surgical 256 450 mission in Oriental Mindoro, which helped 118 patients. A team of health missionaries Medical Mission patients 163 also travelled all the way to Cuyo Palawan Community Adoption patients to treat 149 patients. But the joint Surgical Mission patients efforts of the healthcare workers from St. Luke’s Quezon City and Global City indeed proved their mettle during their Anniversary outreach, which treated more than 4,000 patients. Dental Mission patients Cataract Mission patients 5,657 patients from the Philippines were reached and treated 05

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Medical Scholarship ANNUAL REPORT 2019 Program St. Luke’s Medical Center Foundation, Inc. Some of the best and the brightest minds in the St. Luke’s College of Medicine are also some of the most underprivileged. They often come at a crossroad in life because the cost of their dreams is one they cannot afford. Many of them come from families in the lower-income brackets, but such hardships have never hindered their aspirations to pursue medicine. The Medical Scholarship Program of the Foundation has allowed students like them to continue in their studies. Their achievements are a testament to their extraordinary potential, and the Foundation has always made investments for a brighter future. This year, the Foundation has a total of 20 scholars, seven of whom were newly awarded with the Scholarship at the start of the current academic year. 167 2019 total beneficiaries including those who Php 5,278,529 have benefited from Continuing Medical allotted to scholarships Education program and Continuing Medical Education 2 0 scholars at the St. Luke’s College of Medicine 08

ANNUAL REPORT 2019 Medical Research & Development St. Luke’s Medical Center Foundation, Inc. 2019 Medicine is a dynamic practice, one that is incomplete without innovation and Php 300,000 experimentation. Research and development have always been a core program for the allotted to research Foundation, allowing skilled doctors and and development scientists to seek new research to contribute to the growing discussion in the medical 62% more than community. In the Philippines, research enables the total practitioners to work on pro-poor strategies. allocated in 2018 09

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ANNUAL REPORT 2019 2019 FINANCIAL STATEMENTS HIGHLIGHTS Statement of Assets, Liabilities and Fund Balance 2019 2018 As of December 31, 2019 and 2018 (All Amounts in Philippine Peso) 15,687,353 91,267 ASSETS 10,000 St. Luke’s Medical Center Foundation, Inc. General Assets 14,368,200 15,788,620 Current Assets - 300,000 Cash and cash equivalents 16,414 16,088,620 Due from related party 14,384,614 Other receivables 20,832,915 Total current assets 228,000 96,130,578 Non-current assets 14,612,614 Equipment, net 1,823,077 69,463,751 118,786,570 Total general assets 100,039,565 134,875,190 Restricted assets 2,589,883 2,306,045 Cash and cash equivalents 172,093,199 Short-term investments 186,705,813 15,051,067 117,518,078 Accrued interest income 132,569,145 Total restricted assets 134,875,190 Total assets LIABILITIES AND FUND BALANCE Current liabilities 1,206,031 Accounts payable and accrued expenses 14,215,821 Fund balance 171,283,961 General fund 185,499,782 Restricted fund 186,705,813 Total fund balance Total liabilities and fund balance Statements of Total Comprehensive Income For the years ended December 31, 2019 and 2018 (All Amounts in Philippine Peso) 2019 2018 General Restricted Total General Restricted Total Fund Fund (Note 3) Fund Fund (Note 3) Receipts 9,377,237 64,500,000 73,877,237 6,796,837 39,000,000 45,796,837 Donation 42,247 3,244,295 3,286,542 33,259 2,080,048 2,113,307 Interest income Total receipts 9,419,484 67,744,295 77,163,779 6,830,096 41,080,048 47,910,144 Expenses (3,500,029) (10,696,745) (14,196,774) (731,147) (12,336,086) (13,067,233) Charitable and social welfare Social services (3,381,903) (1,896,626) (5,278,529) (3,580,848) (698,646) (4,279,494) Scholarship and continuing medical education grants (1,074,528) (1,385,041) (2,459,569) (53,602) (999,061) (1,052,663) Outreach programs (300,000) - (300,000) (7,017) (178,498) (185,515) Research and development Total charitable and social (8,256,460) (13,978,412) (22,234,872) (4,372,614) (14,212,291) (18,584,905) welfare expenses (1,459,417) - (1,459,417) (1,358,791) - (1,358,791) Administrative expenses (266,445) - (266,445) (265,094) - (265,094) Salaries (19,743) - (19,743) (18,346) - (18,346) Advertising and marketing (252,665) - (252,665) (383,651) - (383,651) Taxes and permits - - Others (1,998,270) (13,978,412) (1,998,270) (2,025,882) (14,212,291) (2,025,882) (10,254,730) (24,233,142) (6,398,496) (20,610,787) Total administrative expenses Total operating expense (835,246) 53,765,883 52,930,637 431,600 26,867,757 27,299,357 (Deficiency) Excess of receipts over - - - expenses for the year --- Other comprehensive income (835,246) 53,765,883 52,930,637 431,600 26,867,757 27,299,357 Total comprehensive (loss) income for the year 1 1 Statements are audited by Isla Lipana & Co.

BOARD OF TRUSTEES Frederick Y. Dy, Chairman Atty. Cirilo P. Noel, Vice Chairman Arturo S. De La Peña, MD, FPCS, FACS Atty. Alonzo Q. Ancheta Lenora A. Cabili Atty. Nilo B. Peña Amando M. Tetangco, Jr. Edison G. Yap Melissa R. Aquino, Independent Trustee ADMINISTRATIVE STAFF Arturo S. De La Peña, MD, FPCS, FACS, President Edison G. Yap, Treasurer REGULAR STAFF Jude C. Trinidad, Foundation Manager Melabel S. Layos, Finance and Administrative Assistant VOLUNTEER STAFF Olivia B. Yao, Resource Generation Director Aileen M. Malto, Finance Director Marites B. Lontabo, Finance Manager James Roy C. Pascual, Deputy Finance Manager Dawn A. Garcia, Finance Volunteer Niña Mirrela C. Bautista, Resource Generation Assistant

St. Luke’s Medical Center Foundation, Inc.