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History of COCAFI


The UST College of Commerce Alumni Foundation, Inc. (COCAFI) is a private, non stock, non profit foundation that was founded September 1992 by a group of alumni gathered by the former Dean of the College of Commerce and Business Administration, Dr. Carolina Prada. The purposes are (1) To promote, encourage, sponsor and/or initiate research and development projects and to establish, set-up and maintain scholarships or professional chairs that will foster, promote and encourage the study and improvement of work in the field of commerce and industry; (2) To conduct, sponsor and publish the results of its research and development projects or studies for the benefit of the public, to build, improve, enlarge or equip libraries for research in the field  of commerce and industry and to establish, maintain or endow institutions doing research of all kinds in the field of commerce and industry; (3) To acquire real or personal properties, receive contributions, gift endowments, bequeaths, legacies and donations of all kinds from donors here and abroad, to invest its funds and properties in such undertakings and to pursue such activities that the foundation may deem appropriate to carry out its purposes; and (4.) To raise funds for any of the foundation’s purposes.


The founding members of COCAFI were SGV partners Florante A. Aseron and Laura Suarez Acuzar, UST professors, the late Zenaida T. AlbaHector AguilingErnestina A. Pagdanganan and Susan P. Reyes, former Tourism Secretary, Mina T. Gabor, former Governor Pedro O. Medalla, Jr, Mayor Manuel C. Ortega, the late former Mayor Cesar V. Platon, Allied Bank President Peter V. Favila, Equitable PCI Bank Senior Vice President Jose Pastor Puno, Mrs. Rosita Sioson-Orbos, Mrs. Evelina D. Torres and Mr. Rufino B. Lopez. The first president of COCAFI in 1992 and 1993 was Mr. Florante Aseron.


In March 1997, a memorandum of Agreement was drawn out between the College represented by the then Regent, Rev. Fr. Ernesto M. Arceo, O.P. and Dean Manuel Reyes and COCAFI , represented by its President, then SGV Partner, Mario Aguas for the provision of an alumni office at the College of Commerce building. In addition, COCAFI  will  endeavor to perform the following activities for the College: (1) Handle the selection of the nominees for the outstanding alumni award to be given by the College based on the agreed upon criteria; (2) Provide advise in the foundation of the general college program that includes career guidance for students, curriculum and program development and evaluation; (3) Publish and distribute the objectives of COCAFI  for the information of its members; (4) Set-up an honor society in the College, in cooperation with the College’s administrators, and (5) Offer other services to help the College.

The ensuing fiscal years will bring unprecedented changes to the endeavors, programs and projects of COCAFI; all of which are geared towards the realization of raising the University to the next level of excellence.




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