The Dona Modesta Singson Gaisano Foundation scholarship program awards scholarships to poor but deserving students who are having difficulty continuing their education. As a loving tribute to her commitment for the poor, her sons, Stephen and Henry, established the Gaisano Foundation in 1955 so they can continue to help the poor through its scholarship program.
The Gaisano scholarship has been considered as one of the biggest and longest running in the country. The foundation usually awards each scholar P100,000 to fund their college education.
In 2018, the partner schools are the Colegio de la Inmaculada Concepcion, Saint Theresa’s College, University of San Jose-Recoletos, University of San Carlos, University of the Visayas, University of Southern Philippines, Southwestern University, University of the Philippines-Cebu, Abellana College of Arts and Trade, Cebu Institute of Technology, Centre for International Education, University of Cebu, Cebu Normal University, Cebu Eastern College, Sacred Heart School for Boys and Girls, Cebu City Don Carlos A. Gothong Memorial High School, Philippine Christian Gospel School, Don Bosco Technology Center Inc., Seminario Mayor de San Carlos (Faculty of Theology), YLAC Free School, Cebu Samantahabadra Institute, and Bethany Christian School.
The Metro Retail Stores Group, in partnership with Vicsal Corporation, embraces its civic and social responsibility by continuously supporting communities where it operates through its Metro Scholarship Program. The MRSGI, which is the corporate foundation of the Metro chain of stores, supports programs that provide access to quality education. MRSGI contributes to college scholarship grants that are awarded to underprivileged yet deserving high school graduates.
I n February 20, 1996, Victor and Sally Gaisano (acronym VICSAL) together with their children (Margaret, Jack, Edward and Frank) decided to organize Vicsal Foundation, Incorporated (VSF) as an expression of Corporate Social Responsibility of the Vicsal group of companies, a way of giving back to the community in consideration for the blessings that they have received from the successful operation of their businesses.
Victor Gaisano received a property in Colon as his share following Doña Modesta’s demise in 1981. Together with his wife Sally, Victor opened the first Metro Gaisano on Colon Street and sold locally manufactured products. The business is now managed by Frank and his three siblings, who started working for the company while they were in school. Frank was the supermarket manager when he was 20.
The taipans of Cebu
Cebu’s tycoons have shaped not only the most significant center of commerce in the Visayas, but also the Philippines’ business landscape. The Gaisano family is called the Ayalas of the South for operating malls across Visayas and Mindanao since the 1970s through its holding company Viscal Development Corporation.
It was in 1970s when Doña Modesta Gaisano opened a small restaurant-cum-shop in Colon, Cebu, which would become the White Gold Department Store, the predecessor of Gaisano Malls.
After the death of Doña Modesta in 1981, her sons David, Stephen, Henry, Victor, and John divided their corporation and operated their own Gaisano Malls.
Run today by second-generation Gaisanos, their malls now include Metro Gaisano Malls, Gaisano Country Malls, and the Gaisano Capital Group. The Gaisano Grand Malls, for instance, has 15 branches in Visayas and 9 branches in Mindanao.
The family also operates the Vicsal Investment, Inc; WealthBank; Vicsal Securities and Stock Brockerage, Inc; Fillipino Fund, Inc; Prime Asia Pawn & Jewelry Shop, Inc; Taft Property Venture Development Corporation; Pacfic Mall Corporation; Grand Holidays Travel And Tours, Inc; Cargo Bayan, Inc; and Vicsal Foundation, Inc.
Submit your inquiry to
For the MRSGI
Cebu Principal Office
Metro Retail Stores Group, Inc.
Vicsal Building corner of
C.D. Seno and W.O. Seno Streets
Guizo, North Reclamation Area
Mandaue City, Cebu, Philippines
Telephone 032 236 8390