From March 24 to 26, 2026, the LCF–CSR Institute successfully conducted the Financial Management and Accounting Standards for Non-Profits Workshop, bringing together seven finance officers, program officers, and managers from various organizations for a comprehensive three-day learning experience. Held via Zoom on the first two days and in person on the final day, at the Sunlife Philippines Foundation Office. The workshop ran daily from 9:00 AM to 3:00 PM.
Designed to strengthen financial literacy and accountability, the workshop equipped participants with essential knowledge and practical tools in program budgeting, cost allocation, and financial report analysis—key competencies in effectively managing non-profit programs and organizations. It also served as a valuable refresher for accounting personnel, including accountants and bookkeepers across NGOs, corporate foundations, and family foundations.
Participants were as follows:
- acciona.org Foundation Philippines Inc. – Ms. Bai Jonaida Kandog
- First Gen Corporation – Ms. Hazel Mariz C. Bautista
- Jesus V. Del Rosario Foundation, Inc. – Ms. Samantha Nicole E. Bacaron; Ms. Zarah Joy L. Densing
- Primary Structures Educational Foundation, Inc. – Ms. Mary Ann Ouano
- Sun Life Foundation, Inc. – Ms. Reiza Ayla M. Bañega; Ms. Czarina Zenneth Bucas
The workshop accorded participants a revisit of fundamental accounting concepts while exploring the relationship between project management and financial management cycles. Discussions emphasized the importance of sound financial practices in ensuring transparency, sustainability, and impact in non-profit work.
Through exercises, discussions covered practical examples wherein participants strengthened their understanding of nonprofit accounting principles and standards.
The sessions were led by Dr. Lolita P. Tang, a seasoned professional in accounting, auditing, and consultancy, and Mr. Richard Ibarra, Director for Tax Advisory and Compliance at P&A Grant Thornton. Together, they shared valuable insights and real-world perspectives that enriched the learning experience.
LCF extends its sincere appreciation to Ms. Kristine Dianne C. Millete and the Sun Life Foundation for hosting and supporting the workshop, as well as to Ms. Lolit Tang and Mr. Richard Ibarra for their invaluable contributions as resource speakers.
Reflecting on the workshop, Hazel Bautista, CSR Program Lead for First Gen Corporation, shared:
“The expertise and experience of our resource speakers were very evident in the sessions. I appreciated that they made the sessions light and easy-to-understand without giving us too much technical terminology. I’m also grateful that they really take the time to listen and give feedback to all the participants.”
The workshop concluded with an in-person session at Sunlife Foundation Philippines, Bonifacio Global City, Taguig City. The onsite activity fostered deeper engagement, allowing participants to synthesize their learnings and exchange insights with peers and facilitators. By the end of the program, participants left with a stronger appreciation of financial management as a critical component of effective and accountable non-profit operations.
Through initiatives like this, LCF continues to build the capacity of organizations and professionals committed to driving meaningful and sustainable social impact.
If you’re interested in joining LCF–CSR Institute’s learning sessions, you may contact Marga Hernandez, CSRI Program Officer, at programs.lcf@gmail.com.
League of Corporate Foundations 