The Jaime V. Ongpin Foundation, Inc. was established on 17 December 1980 as a corporate social arm of Benguet Corporation, the Philippines oldest mining company. Originally called the Benguetcorp Foundation, its creation was inspired by the late Jaime V. Ongpin, the company’s first Filipino president, who envisioned the development of self-reliant communities.
It begun by operating and implementing development projects in mining camps of the corporation. By the late 1980s the Foundation started to operate in other areas needing development assistance and in 1997, it became financially independent from Benguet Corporation.
On June 29, 2017, the Foundation spun-off its microfinance operations to a separate legal entity called the Jaime V. Ongpin Microfinance Foundation, Inc. in compliance with the requirements of the Bureau of Internal Revenue for donee institutions.
JVOFI is duly registered with the Securities and Exchange Commission, the Bureau of Internal Revenue and the Department of the Interior and Local Government (DILG). As a non-stock, non-profit organization, the Foundation works in partnership with local and foreign donors, business, government agencies, other NGOs and people’s organizations in pursuing development programs within its target communities.