[3] PBSP had benefited 4.5 million Filipinos, and assisted 6,200 development projects through PHP 7 billion in grants and loans.
PBSP was modeled after the Venezuelan Dividendo Voluntario para la Comunidad, where businesses allocate a certain percentage of their profits to development projects.
[5] PBSP's projects have delivered assistance to landless farmers, fishermen, rural workers, urban poor and indigenous cultural communities in the Philippines.
[6] PBSP was established in 1970 when 50 Filipino businessmen set aside 1% of their companies’ net income before taxes for poverty reduction programs.
[9] In the 2000s, PBSP implemented projects for health and education in Mindanao, that are in line with the United Nations Millennium Development Goals (MDGs).