The University of Santo Tomas and Sycip Gorres Velayo & Co. formalized the granting of scholarships to deserving accountancy students through a virtual signing of the Memorandum of Agreement on August 20, 2021, via Zoom.
On the occasion of the 100th birth anniversary of Mr. Alfredo M. Velayo, after whom the College of Accountancy was named, the accounting giant Sycip Gorres Velayo & Co., through the SGV Foundation, pledged a total of P5,000,000 worth of scholarship grants to deserving accountancy students who will enjoy full defrayal of tuition and miscellaneous fees. SGV & Co. will provide P1,000,000 worth of scholarships per year for the next five years beginning First Term, Academic Year 2021-2022.
In his message, Mr. Buddy Velayo, son of Mr. Alfredo M. Velayo, recounted how his dad would happily tell them that he was very honored that the UST College of Accountancy was named after him. He also noted how the College has achieved so much in its 16-years of existence.
The Very Rev. Fr. Richard G. Ang, O.P., Ph.D. virtually signed the MOA on behalf of the University. Meanwhile, Mr. Wilson P. Tan, SGV & Co. Chairman and Country Managing Partner signed on behalf of SGV. Present also during the virtual signing were Ms. Maria Vivian C. Ruiz, SGV & Co. Vice Chair and Deputy Managing Partner, UST-AMV College of Accountancy Dean Prof. Patricia M. Empleo, Ph.D., Assistant Dean Asst. Prof. Christine S.M. Alday, College Secretary Mr. Francisco M. Caliwan, Jr., and the first batch of the SGVF scholars at the University.
Other than the SGV & Co. scholarship, AMVians also enjoy the AMV Foundation, Inc., the Equitable Foundation, Inc. scholarships, and the Rebisco Foundation, Inc. scholarships.