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The Homer Foundation is a non-stock, non-profit corporate foundation of Magsaysay,
a concrete manifestation of its strong commitment to corporate social responsibility.
Homer’s programs are directed to the social and economic developmental needs of
seafarers and their families, as well as the less privileged communities in areas
where Magsaysay companies operate.
Its programs include Education, Culture and Arts Enhancement, Family Health
and Child Care, Entrepreneurship Development, Financial Management, Adopt-a-School,
Volunteerism, Community Empowerment and Environment Protection.
Magsaysay Employees, Crew and Allottees Development Cooperative (MECADEC)
Magsaysay Employees, Crew and Allottees Development Cooperative is a multi-purpose
cooperative organized by employees, crew and allottees of the Magsaysay Group. Among
its services are the multi-purpose, educational, Christmas, training and license,
housing, car, and micro-business loans. Presently, MECADEC has a total of 15,000
members. The cooperative’s total equity is P100,000,000, to date
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