The Adopt-A-School Program (ASP) is a program initiated by the Department of Education (DepEd) to encourage private sector engagement in nation-building through the support of public schools.

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Organizations and institutions that will donate to public schools under the Adopt-A-School Program will be able to avail 150% tax incentives for their contribution.

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Magna’s programs fall under the Adopt-A-School Program as they provide infrastructure, facilities, and training and development.

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Magna will help facilitate and coordinate the availment of tax incentives for companies who will support Magna’s programs.

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ADOPT-A-SCHOOL PROCESS

1. MOA Signing – Private sector, Magna and the Division of City Schools sign a Memorandum of Agreement detailing private sector’s support to chosen public school.

2. Provision of Support – Private sector gives support to the public school.

3. Execution of Deed of Donation – Magna prepares and executes Deed of Donation after the program is ­implemented or every year-end, whichever comes first.

4. Execution of Deed of Acceptance – Magna prepares and executes Deed of Acceptance after support is provided or program is completed.

5. Report Submission (January) – Magna prepares year-end report for each program and submits it to DepEd.

6. Report Review (February) – DepEd reviews submitted ­documents.

7. DepEd Endorsement (March) – Once all documents are reviewed and accepted, DepEd issues tax incentive endorsement to private sector.

8. Tax Incentive Availment (April) – Private sector avails of tax incentives.