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PORTRAITS

SM Foundation turns dreams into reality

The organization also welcomed more than 900 new scholars into the program this year, continuing a cycle that has already produced professionals across a wide range of fields.

Chito Lozada·7 September 2026, 2:36 am·1 MIN READ

SM Foundation turns dreams into reality

HUMAN side of SM Behind SM Foundation Inc.’s programs is Debbie Pe-Sy (right), the foundation’s executive director, helping transform corporate generosity into something more enduring such as opportunities that change lives. Shown is Board of Investments’ Katrina Therese Lim-Dy conferring the Pandemic Heroes Award to SMFI, represented by Pe-Sy, for the humanitarian work of the foundation during the pandemic.

Photographs courtesy of SM Foundation

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SCHOLARSHIP to leadership Jennilyn Mendoza’s journey from SM scholar to SM Investments Corp. executive is a story of opportunity meeting ambition and a scholarship becoming a launchpad for success. Mendoza is now SM Investments assistant vice president.

MAKING the grade Rica Mae Marbebe transformed an SM scholarship into academic gold, graduating summa cum laude and emerging fifth among the country’s top performers in the 2025 CPA Licensure Examination.

In 2019, when her younger sibling collapsed without warning, Rica Marbebe watched her family scramble for money and transportation to reach a hospital. There was no emergency fund to draw from, only a small sari-sari store that barely covered daily expenses, a father who worked at a motorcycle parts shop, and a mother who stayed home to care for a child with special needs.

That frightening night became a turning point. Rica decided that if her family were ever going to break free of that kind of fragility, she would need more than hope. She would need an education.

Six years later, Rica graduated summa cum laude in Accountancy from the University of Mindanao and placed fifth nationwide in the May 2025 Certified Public Accountant Licensure Examination. Her path from a financially strained household in Mindanao to the top ranks of one of the country’s toughest board exams is now being held up by SM Foundation as a symbol of what its scholarship program was built to do.

“For SM Scholar Rica Marbebe, success was anything but immediate,” said Deborah Pe-Sy, executive director of SM Foundation. “It was carved out of years of perseverance, shaped by both hardship and hope.”

Scholarship with a big heart

Rica applied to the SM Foundation College Scholarship Program hoping it would ease the financial pressure on her family. What she found was more complete than she expected. The program covered her tuition, books, and a living allowance, and it gave her a tablet that kept her studies going when the pandemic forced classes online.

But according to Pe-Sy, the scholarship’s real value went beyond the money. It connected Rica to mentors, fellow scholars, and alumni who had walked the same road before her, offering guidance and opening doors to career opportunities she would not have found on her own. With the constant stress of tuition bills lifted, Rica said she could finally focus fully on her studies.

That support system is central to how SM Foundation describes its scholarship program, which has run since 1993. According to the group’s 2025 Social Good report, the program has now supported 4,640 college graduates. Rica belongs to its most recent batch, and by the numbers, it is also the most accomplished one yet.

Success was carved out of years of perseverance, shaped by both hardship and hope.

Banner year for graduates

In 2025, SM Foundation welcomed 199 new scholarship graduates, and 102 of them, more than half, finished with academic honors. Eight graduated summa cum laude, 33 magna cum laude, 47 cum laude and 14 received Academic Distinction. SM Foundation described it as the most decorated batch since the program began 32 years ago.

The organization also welcomed more than 900 new scholars into the program this year, continuing a cycle that has already produced professionals across a wide range of fields. Aside from CPAs like Rica, the Foundation says its alumni now include licensed teachers, civil engineers and electrical engineers.

One of the program’s more prominent success stories is Jennilyn Mendoza, a former SM scholar who went on to become an executive within the SM Group itself. Pe-Sy pointed to Mendoza’s career as evidence that the scholarship program is not just about finishing a degree; it opens a long-term pathway into stable, well-paying work.

Dreams need infra

None of this happens without classrooms, and SM Foundation has been investing in those, too. The group has built 116 school buildings so far, including new facilities completed this year in Tagbilaran City, Tagum City and Iligan City. The idea, Pe-Sy said, is to make sure students have not just the financial support to stay in school, but functioning, modern spaces to learn in.

The Foundation has also been trying to connect its scholars more directly to the job market. Early in 2025, it launched the SM Job Opportunities Building Skills (J.O.B.S.) initiative, which combines skills training with job fairs and industry partnerships to help graduates find work faster. 

In October, it introduced a second program called Future-READY, Now!, developed with IBM, Asia Pacific College, and various SM Group business units. Through it, scholars can access more than 1,000 online courses and earn globally recognized credentials through IBM’s SkillsBuild platform, which prepares them for jobs that increasingly require digital skills.

SM Foundation’s 2025 report also highlighted work outside of education. The group partnered with the Philippine Red Cross to open a new blood laboratory to speed up testing and improve the donor experience. It rehabilitated the Laoag Health Center, which now functions as a primary care and birthing facility, and the Putik Health Center in Zamboanga City, which the Foundation says now serves more than 23,000 residents.

The Foundation also expanded DigiKonsulta, its telemedicine platform, to more health centers nationwide, and joined Watsons, Unilab, and the Lapu-Lapu City government on a medical mission that reached over 800 residents in disaster-affected parts of Cebu. Since the Medical Mission program began in 2001, SM Foundation says it has completed more than 1,700 missions and treated over 1.3 million patients nationwide.

For Pe-Sy, the numbers point back to individual stories like Rica’s. As a newly licensed CPA, Rica said she hopes to eventually mentor other young Filipinos from backgrounds like hers, encouraging them to see education as a way out of financial hardship, as it was for her.

“None of this would be possible without our colleagues, partners, donors, volunteers and communities whose trust and support inspire us to keep creating meaningful change,” Pe-Sy said, adding that the Foundation plans to keep scaling its programs and deepening its partnerships in the years ahead.

For families like the Marbebes, who once struggled to scrape together bus fare for a hospital visit, that promise now carries a very concrete meaning.

  • SM Foundation scholarship
  • Rica Marbebe
  • 2025 CPA Licensure Examination

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PAGE THREE

Rebuilding Hope

How safer classrooms are restoring peace of mind in Cebu

DT·14 August 2026

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SM Foundation Upskill-to-Work program ensures jobs for underserved youth
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SM Foundation Upskill-to-Work program ensures jobs for underserved youth

SM Foundation currently has 3,500 college scholars enrolled in over 200 colleges and universities nationwide.

DT·2 hours ago