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Leviste’s foundation donates P6 billion share sales to poor students, typhoon victims
Batangas 1st District Rep. Leandro Leviste has donated at least P6 billion from his share sales in Solar Philippines New Energy Corporation (SPNEC) to his Lingkod Legarda Leviste Foundation.
The foundation aims to generate an average of P1 billion annually for the next 50 years to support underprivileged students and victims of recent typhoons.
Leviste stated that he feels a moral obligation to share his fortune, likening wealth in the Philippines to winning the lottery.
He has already supported over 150,000 students with allowances and school supplies.
The foundation has also distributed over one million relief packs to typhoon victims in Leviste's district.
Before entering public office, Leviste sold his controlling stake in SPNEC to Meralco for approximately P34 billion.
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