﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-11-06T17:26:24-06:00</Timestamp>
    <TaxPeriodEndDate>2013-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>481142819</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>KEVAN D ACORD PA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>15700 COLLEGE BOULEVARD SUITE 100</AddressLine1>
        <City>LENEXA</City>
        <State>KS</State>
        <ZIPCode>662191473</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>942838248</EIN>
      <Name>
        <BusinessNameLine1>FRIENDS OF THE UNIVERSITY OF THE</BusinessNameLine1>
        <BusinessNameLine2>PHILIPPINES FOUNDATION IN AMERICA</BusinessNameLine2>
      </Name>
      <NameControl>FRIE</NameControl>
      <Phone>4155860939</Phone>
      <USAddress>
        <AddressLine1>50 STANFORD HEIGHTS AVENUE</AddressLine1>
        <City>SAN FRANCISCO</City>
        <State>CA</State>
        <ZIPCode>94127</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>EVELINA R GALANG</Name>
      <Title>CHIEF FINANCIAL OFFICER</Title>
      <Phone>4155860939</Phone>
      <DateSigned>2013-11-06</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>KEVAN D ACORD</Name>
      <PTIN>P01074658</PTIN>
      <Phone>9134926008</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-12-30 17:16:21Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990PF documentId="RetDoc1235000001">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>1147099</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>168048</ContriReceivedRevAndExpnss>
        <InterestOnSavingsRevAndExpnss>10013</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>10013</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>22333</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>22333</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>4604</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>71629</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>4604</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="RetDoc2001500001">-4835</OtherIncomeRevAndExpnss>
        <OtherIncomeNetInvstIncm>0</OtherIncomeNetInvstIncm>
        <OtherIncomeAdjNetIncm>-4835</OtherIncomeAdjNetIncm>
        <TotalRevenueAndExpenses>200163</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>36950</TotalNetInvestmentIncome>
        <TotalAdjustedNetIncome>-4835</TotalAdjustedNetIncome>
        <CompOfcrDirTrstRevAndExpnss>0</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>0</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstAdjNetIncm>0</CompOfcrDirTrstAdjNetIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>0</CompOfcrDirTrstDsbrsChrtblPrps>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc2002200001">1837</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>1378</AccountingFeesNetInvstIncm>
        <AccountingFeesAdjNetIncm>0</AccountingFeesAdjNetIncm>
        <AccountingFeesDsbrsChrtblPrps>0</AccountingFeesDsbrsChrtblPrps>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc2002500001">1062</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>0</TaxesNetInvstIncm>
        <TaxesAdjNetIncm>0</TaxesAdjNetIncm>
        <TaxesDsbrsChrtblPrps>0</TaxesDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc2003200001">115</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>0</OtherExpensesNetInvstIncm>
        <OtherExpensesAdjNetIncm>0</OtherExpensesAdjNetIncm>
        <OtherExpensesDsbrsChrtblPrps>0</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>3014</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>1378</TotOprExpensesNetInvstIncm>
        <TotOprExpensesAdjNetIncm>0</TotOprExpensesAdjNetIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>205400</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>205400</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>208414</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>1378</TotalExpensesNetInvstIncm>
        <TotalExpensesAdjNetIncm>0</TotalExpensesAdjNetIncm>
        <TotalExpensesDsbrsChrtblPrps>205400</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-8251</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>35572</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>10704</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>15339</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>15339</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>2212</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc2018900001">2459</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>5485</InvestmentsCorpStockEOYFMV>
        <InvestmentsOtherBOY>888350</InvestmentsOtherBOY>
        <InvestmentsOtherEOY referenceDocumentId="RetDoc2018100001">875217</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>1126275</InvestmentsOtherEOYFMV>
        <LandBuildingAndEquipmentBasis>978</LandBuildingAndEquipmentBasis>
        <AccumDeprecLandBldgAndEquip>978</AccumDeprecLandBldgAndEquip>
        <TotalAssetsBOY>901266</TotalAssetsBOY>
        <TotalAssetsEOY>893015</TotalAssetsEOY>
        <TotalAssetsEOYFMV>1147099</TotalAssetsEOYFMV>
        <TotalLiabilitiesBOY>0</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>547250</CapitalStockBOY>
        <CapitalStockEOY>547250</CapitalStockEOY>
        <PaidInOrCapitalSurplusBOY>0</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>0</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>354016</RetainedEarningsBOY>
        <RetainedEarningsEOY>345765</RetainedEarningsEOY>
        <TotalNetAssetsBOY>901266</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>893015</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>901266</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>893015</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>901266</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-8251</ExcessOfRevenueOverExpenses>
        <OtherIncreases>0</OtherIncreases>
        <Subtotal>893015</Subtotal>
        <OtherDecreases>0</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>893015</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>VANGUARD FUNDS - INTER TERM TREASURY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2012-01-01</DateAcquired>
          <DateSold>2013-03-25</DateSold>
          <GrossSalesPrice>20000</GrossSalesPrice>
          <CostOrOtherBasis>18852</CostOrOtherBasis>
          <GainOrLoss>1148</GainOrLoss>
          <GainsMinusExcessOrLosses>1148</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>VANGUARD FUNDS - SHORT TERM TREASURY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2012-01-01</DateAcquired>
          <DateSold>2013-01-04</DateSold>
          <GrossSalesPrice>50000</GrossSalesPrice>
          <CostOrOtherBasis>48173</CostOrOtherBasis>
          <GainOrLoss>1827</GainOrLoss>
          <GainsMinusExcessOrLosses>1827</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CAPITAL GAINS DIVIDENDS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GrossSalesPrice>1629</GrossSalesPrice>
          <GainOrLoss>1629</GainOrLoss>
          <GainsMinusExcessOrLosses>1629</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>4604</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>0</LiableFor4942Tax>
        <QualifyingDistributionsYear1>50110</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>1016891</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.049278</DistributionRatioYear1>
        <QualifyingDistributionsYear2>179278</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>1005204</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.178350</DistributionRatioYear2>
        <QualifyingDistributionsYear3>154853</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>946249</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.163649</DistributionRatioYear3>
        <QualifyingDistributionsYear4>250890</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>923707</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.271612</DistributionRatioYear4>
        <QualifyingDistributionsYear5>196017</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>1051800</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.186363</DistributionRatioYear5>
        <TotalDistributionRatio>0.849252</TotalDistributionRatio>
        <AverageDistributionRatio>0.169850</AverageDistributionRatio>
        <NetNoncharitableAssets>1121359</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>190463</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>356</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>190819</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>205400</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>356</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>356</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>356</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>680</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>680</TotalCreditsAndPayments>
        <Overpayment>324</Overpayment>
        <AmountCreditedToNextYear>324</AmountCreditedToNextYear>
        <AmountToBeRefunded>0</AmountToBeRefunded>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>0</LegislativePoliticalActivities>
        <MoreThan100Spent>0</MoreThan100Spent>
        <Form1120POLFiled>0</Form1120POLFiled>
        <Sect4955TaxOnOrganization>0</Sect4955TaxOnOrganization>
        <Sect4955TaxOnManagers>0</Sect4955TaxOnManagers>
        <ReimbursementOfTax>0</ReimbursementOfTax>
        <ActivitiesNotPrevReported>0</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>0</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>0</UnrelatedBusIncomeOver1000>
        <TerminationEtc>0</TerminationEtc>
        <RequirementsOfSect508e>0</RequirementsOfSect508e>
        <AtLeast5000InAssets>1</AtLeast5000InAssets>
        <StatesFiledWith>CA</StatesFiledWith>
        <Form990PFFiledWithAG>1</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>0</PrivateOperatingFoundation>
        <NewSubstantialContributors>0</NewSubstantialContributors>
        <InterestInControlledEntity>0</InterestInControlledEntity>
        <ApplicableInsuranceContract>0</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>1</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>MAE ECHANIS</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>4155860939</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>50 STANFORD HEIGHTS AVENUE</AddressLine1>
          <City>SAN FRANCISCO</City>
          <State>CA</State>
          <ZIPCode>94127</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>0</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>0</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>0</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>0</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>0</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>0</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>0</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>0</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>0</UndistributedIncomePriorYears>
        <BusinessHoldings>0</BusinessHoldings>
        <JeopardyInvestments>0</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>0</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>0</InfluenceLegislation>
        <InfluenceElection>0</InfluenceElection>
        <GrantsToIndividuals>0</GrantsToIndividuals>
        <GrantsToOrganizations>0</GrantsToOrganizations>
        <NoncharitablePurpose>0</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>0</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>0</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>0</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ALFREDO E PASCUAL</PersonName>
          <ForeignAddress>
            <AddressLine1>UNIVERSITY OF THE PHILIPPINES</AddressLine1>
            <AddressLine2>PRESIDENTS OFFICE</AddressLine2>
            <City>DILIMAN QUEZON CITY</City>
            <Country>RP</Country>
          </ForeignAddress>
          <Title>CHAIR</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>POLLY S CORTEZ</PersonName>
          <USAddress>
            <AddressLine1>842 NAVARONNE WAY</AddressLine1>
            <City>CONCORD</City>
            <State>CA</State>
            <ZIPCode>94518</ZIPCode>
          </USAddress>
          <Title>VICE-CHAIR</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JULIE ZARATE HUDSON</PersonName>
          <USAddress>
            <AddressLine1>155 SCENIC COURT</AddressLine1>
            <City>CONCORD</City>
            <State>CA</State>
            <ZIPCode>94518</ZIPCode>
          </USAddress>
          <Title>SECRETARY</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>EVELINA R GALANG</PersonName>
          <USAddress>
            <AddressLine1>2230 FRANCISCO ST 103</AddressLine1>
            <City>SAN FRANCISCO</City>
            <State>CA</State>
            <ZIPCode>94123</ZIPCode>
          </USAddress>
          <Title>CHIEF FINANCIAL OFFICER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>MAE C ECHANIS</PersonName>
          <USAddress>
            <AddressLine1>50 STANFORD HEIGHTS AVENUE</AddressLine1>
            <City>SAN FRANCISCO</City>
            <State>CA</State>
            <ZIPCode>94127</ZIPCode>
          </USAddress>
          <Title>ASSISTANT TREASURER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ZENAIDA C CERVERO</PersonName>
          <USAddress>
            <AddressLine1>482 FATHOM COURT</AddressLine1>
            <City>REDWOOD CITY</City>
            <State>CA</State>
            <ZIPCode>94065</ZIPCode>
          </USAddress>
          <Title>BOARDMEMBER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LEOPOLDO M CLEMENTE</PersonName>
          <USAddress>
            <AddressLine1>500 E 77TH ST 503</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10021</ZIPCode>
          </USAddress>
          <Title>BOARDMEMBER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>GISELA CONCEPCION</PersonName>
          <ForeignAddress>
            <AddressLine1>UNIVERSITY OF THE PHILIPPINES</AddressLine1>
            <AddressLine2>OFFICE OF THE VICE PRES FOR ACADEMI</AddressLine2>
            <City>DILIMAN QUEZON CITY</City>
            <Country>RP</Country>
          </ForeignAddress>
          <Title>BOARDMEMBER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>CRISOSTOMO B GARCIA PH D</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 9248</AddressLine1>
            <City>RANCHO SANTA FE</City>
            <State>CA</State>
            <ZIPCode>92067</ZIPCode>
          </USAddress>
          <Title>BOARDMEMBER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ZENDA GARCIA-LAT MD</PersonName>
          <USAddress>
            <AddressLine1>17 ARCADIAN AVENUE STE 103</AddressLine1>
            <City>PARAMUS</City>
            <State>NJ</State>
            <ZIPCode>07652</ZIPCode>
          </USAddress>
          <Title>BOARDMEMBER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>MARIETTA M ISON PH D</PersonName>
          <USAddress>
            <AddressLine1>23 SHAWNEE COURT</AddressLine1>
            <City>SAN RAMON</City>
            <State>CA</State>
            <ZIPCode>94583</ZIPCode>
          </USAddress>
          <Title>BOARDMEMBER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ARCHIE BM LAANO MD</PersonName>
          <USAddress>
            <AddressLine1>517 MILANO ROAD</AddressLine1>
            <City>KISSIMMEE</City>
            <State>FL</State>
            <ZIPCode>34759</ZIPCode>
          </USAddress>
          <Title>BOARDMEMBER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>VICENTE R LIMCAOCO MD</PersonName>
          <USAddress>
            <AddressLine1>439 LOUCROFT ROAD</AddressLine1>
            <City>HADDONFIELD</City>
            <State>NJ</State>
            <ZIPCode>08033</ZIPCode>
          </USAddress>
          <Title>BOARDMEMBER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ALMA H ONRUBIA CPA</PersonName>
          <USAddress>
            <AddressLine1>1972 CALAFIA ST</AddressLine1>
            <City>GLENDALE</City>
            <State>CA</State>
            <ZIPCode>91208</ZIPCode>
          </USAddress>
          <Title>BOARDMEMBER</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>PROFESSORIAL CHAIR / FACULTY GRANTS</Description1>
        <Expenses1>0</Expenses1>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>861507</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>276929</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>1138436</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>1138436</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>17077</CashDeemedCharitable>
        <NetNoncharitableAssets>1121359</NetNoncharitableAssets>
        <MinimumInvestmentReturn>56068</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>56068</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>356</TaxBasedOnInvestmentIncome>
        <TotalTax>356</TotalTax>
        <DistributableAmountBeforeAdj>55712</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>0</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>55712</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>55712</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>205400</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>205400</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>356</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>205044</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>55712</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>0</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <ExcessDistriCarryoverYear5>131191</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>205391</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>108151</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>129578</ExcessDistriCarryoverYear2>
        <TotalExcessDistriCarryover>574311</TotalExcessDistriCarryover>
        <QualifyingDistributions>205400</QualifyingDistributions>
        <AppliedToYear1>0</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>55712</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>149688</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>0</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>0</ExcessDistriCyovAppliedCY>
        <TotalCorpus>723999</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>131191</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>592808</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>205391</ExcessFromYear4>
        <ExcessFromYear3>108151</ExcessFromYear3>
        <ExcessFromYear2>129578</ExcessFromYear2>
        <ExcessFromCurrentYear>149688</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UP FOUNDATION INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>FONACIER HALL MAGSAYSAY AVENUE</AddressLine1>
            <AddressLine2>DILIMAN</AddressLine2>
            <City>QUEZON CITY</City>
            <Country>RP</Country>
          </RecipientForeignAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL SCHOLARSHIPS AND GRANTS</PurposeOfGrantOrContribution>
          <Amount>205400</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>205400</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>10013</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>22333</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>4604</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>FOREIGN TRANSLATION ADJUSTMENT</Description>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>-4835</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>32115</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>32115</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>ANTHONY DE LEON</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>251 TENNYSON AVE</AddressLine1>
          <City>PALO ALTO</City>
          <State>CA</State>
          <ZIPCode>94301</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>77500</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>2</ContributorNumber>
        <ContributorNameIndividual>CERES A MORALES</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>5624 LAHSER ROAD</AddressLine1>
          <City>BLOOMFIELD HILLS</City>
          <State>MI</State>
          <ZIPCode>48301</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>30000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>3</ContributorNumber>
        <ContributorNameIndividual>LUZ S RACELA</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>180 HEVER KNOLL</AddressLine1>
          <City>LOCH LLOYD</City>
          <State>MO</State>
          <ZIPCode>64012</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>20198</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>4</ContributorNumber>
        <ContributorNameIndividual>FRANK P AND AURORA PIZANA MAMARIL</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>PO BOX 717</AddressLine1>
          <City>YORBA LINDA</City>
          <State>CA</State>
          <ZIPCode>92885</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>10000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>5</ContributorNumber>
        <ContributorNameIndividual>VIRGILIO TANDOC</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>12708 E NOTTINGHAM ST</AddressLine1>
          <City>CERRITOS</City>
          <State>CA</State>
          <ZIPCode>907037226</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>8000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>6</ContributorNumber>
        <ContributorNameIndividual>ENRIQUE SAJOR</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>13031 JEROME JAY RD</AddressLine1>
          <City>HUNT VALLEY</City>
          <State>MD</State>
          <ZIPCode>210301523</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>7000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>7</ContributorNumber>
        <ContributorNameIndividual>MACARTHUR AND JOSEFINA DELOS REYES</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1300 RUSTIC TRAIL</AddressLine1>
          <City>PARMA</City>
          <State>OH</State>
          <ZIPCode>44134</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>6200</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>8</ContributorNumber>
        <ContributorNameIndividual>DR ROMEO FLORES</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>12990 W 21ST AVE</AddressLine1>
          <City>GOLDEN</City>
          <State>CO</State>
          <ZIPCode>804012210</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>6100</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Amount>1837</Amount>
        <NetInvestmentIncome>1378</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>BRISTOL MYERS SQUIBB STOCK</NameOfStock>
        <EOYBookValue>2459</EOYBookValue>
        <EOYFMV>5485</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOther>
        <CategoryOrItem>VANGUARD INVESTMENTS</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>630772</BookValue>
        <EOYFMV>871165</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>FUNDS HELD AT UP FOUNDATION, INC.</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>244445</BookValue>
        <EOYFMV>255110</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>OFFICE SUPPLIES</Description>
        <RevenueAndExpensesPerBooks>55</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TAX EXPENSE</Description>
        <RevenueAndExpensesPerBooks>60</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncome>
        <Description>FOREIGN TRANSLATION ADJUSTMENT</Description>
        <RevenueAndExpensesPerBooks>-4835</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>-4835</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>TAX EXPENSE</Category>
        <Amount>1062</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>