ABS CBN Foundation (USA) Appoints Conchita Lopez Taylor Chair Emeritus; Raffy Lopez Elected Chairman of Foundation Focused on Filipino Philanthropy.

REDWOOD CITY, Calif. -- The ABS CBN Foundation, Inc. (USA), a non-profit organization dedicated to raising funds and improving the lives of abused and disadvantaged children and their families in the Philippines, today announced the appointment of Conchita Lopez Taylor as its Chair Emeritus as she retires as chairperson of the Foundation's operating board. Under her leadership, the Foundation raised more than $2.5 million to help disadvantaged children and their families, primarily in the Philippines.

Raffy Lopez, Foundation board member and chief operating officer of ABS-CBN Global was elected board Chairman.

ABS CBN Foundation (USA) is an accredited non-profit organization in the U.S. that encourages Filipinos around the world and their friends to support causes and assistance directed to the Philippines. The Foundation's key beneficiary is Bantay Bata (Child Watch), a 24-hour child abuse rescue operation that protects abused and abandoned children and provides them with medical care, food, education, counseling, and transitional housing assistance.

"The success and achievements of the ABS CBN Foundation in recent years are due in large part to the leadership of Mrs. Taylor and her tenacity to keep the foundation afloat, especially during the lean years," said Raffy Lopez, chairman ABS CBN Foundation. "This new position celebrates a career of excellence in community service and charity work and allows Mrs. Taylor to continue to share her wisdom and inspiration."

Mitos Santisteban, the Foundation's new president and CEO, hosted more than 180 supporters of the Foundation, including current and former board members and staff, in a special reception celebrating Taylor's achievements. The event was held at the new ABS-CBN Global headquarters in Redwood City, California and featured a musical performance by Filipino-American Broadway artist, Stephanie Reese.

"I have worked with Chita since the inception of the Foundation and I will personally miss her in our board meetings, but I am sure the Foundation will always benefit from her wise counsel and advice as Chair Emeritus," said Santisteban.

ABS CBN Foundation's other key programs include Educational TV, a value formation and curriculum enhancement program for public elementary schools, and Bayan Microfinance, a poverty alleviation and community economic opportunities program. The Foundation also promotes Bantay Kalikasan (Nature Watch), encouraging clean air and water for the people of Metro Manila.

The Foundation has a special relationship with, and is financially supported by, The Filipino Channel, the number one Filipino network in the world, operated by ABS-CBN Global. TFC is viewed by nearly two million Filipinos around the globe every day.

About ABS CBN Foundation, Inc. (USA)

The ABS CBN Foundation, Inc. (USA) is a non-profit, non-governmental organization dedicated to raising funds to improve the lives of abused and disadvantaged children and women in the Philippines, primarily through the programs of the ABS-CBN Foundation in the Philippines. For more information, visit www.abscbnfoundation.org.