Pacquiao, 2 others among Forbes' top philanthropists

ABS-CBN News

Posted at Aug 30 2015 03:35 PM | Updated as of Aug 31 2015 05:47 PM

MANILA - Three Filipinos were named in Forbes Asia's "Heroes of Philanthropy" list honoring the most noteworthy givers in the region.

Among those recognized by Forbes was boxing champion and Sarangani Rep. Manny Pacquiao, who started Emmanuel and Jinkee's Heart Foundation in 2014.

Forbes said Pacquiao's foundation has so far given more than 200 scholarships and more than $400,000 in medical assistance to the less fortunate.

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Manny Pacquiao and his wife Jinkee. Photo from Emmanuel and Jinkee's Heart Foundation Facebook page

The 36-year-old Pacquiao is also doing charity work outside the foundation, and is spending $400,000 a year on college costs for 1,000 students.

He has also helped fund the construction of hundreds of houses mostly in Mindanao through Habitat for Humanity as well as contributing to relief aid for typhoon victims.

Also honored for his philanthropy is 69-year-old Diosdado Banatao, who is dubbed the “father of semiconductors.” [father of semiconductors: https://www.abs-cbnnews.com/business/07/03/14/pinoy-father-semiconductors-hailed-aim]

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Diosado Banatao receives the 2014 Washington SyCip Distinguished Leader Award from AIM Chairman Emeritus Washington SyCip (right) and AIM President Steven J. DeKrey (left).

Banatao is the founder and managing partner of Tallwood Venture Capital, which invests on technologies and products in the semiconductor industry.

Banatao launched Philippine Development Foundation in 2010 and has given it more than $1.5 million to reduce poverty through education, innovation and entrepreneurship.

He is also leading the family-run Salvador & Rosita Banatao Foundation, which assists students in Iguig, Cagayan.

The foundation helped build a science and computer center at an elementary school and provides financial aid and scholarships to high school and university students with potential in science.

PJ Lhuillier, the chairman of PJ Lhuillier Group, was also recognized for his work in Cebuana Lhuillier Foundation, which offers "300 college scholarships to impoverished students nationwide and has enabled thousands of school dropouts to restart their education through 19 Alternative Learning Centers that it’s started in public schools."

Forty-eight more centers are expected to open next year.

Lhuillier also set up the “Search for the Happiest Pinoy” campaign, which awards $20,000 to uplifting individuals every other year.

The 2015 Forbes Asia Heroes of Philanthropy list is the ninth edition, and includes 40 philanthropists from 13 countries across Asia Pacific. [Forbes Asia Heroes of Philanthropy: www.forbes.com/altruists.]

"The list not only features philanthropists who have made the news with their donations in the past year, but also recognizes people who have compiled a long record of supporting worthy causes," Forbes said.