Integrated Resorts Foundations
Each of the Integrated Resort Licensees must establish a beneficiary foundation devoted to the restoration of cultural heritage to meet the corporate social responsibility objectives of PAGCOR. The Licensee shall fund the Foundation by setting aside a percentage of its total Gross Gaming Revenues.
The Implementing Rules and Guidelines for Foundations for the Restoration of Cultural Heritage (“IRG”) define the main purposes for the use of the funds as follows:
1. Cultural Heritage;
2. Education Infrastructure; and
3. Environment and Health.