TORM Philippines Education Foundation, Inc. (TPEFI) was registered with the Securities and Exchange Commission (SEC) as a non-stock, non-profit corporation on November 12, 2007 by a group of incorporators who are interested in development work focusing on education of the youth. It was established by TORM Shipping Philippines, to support college education to poor youth in the country as well as those deserving beneficiaries (children or relatives) of seafarers. TORM Philippines Education Foundation is supported by Torm Fonden (Torm Foundation in Denmark) which was established in 1948. TPEFI is a corporate foundation that provides direct service to target beneficiaries. Its main office is located at 7F, The Salcedo Towers, 169 HV Dela Costa St., Salcedo Village, Makati City. The foundation has 2 regular staff, 8 active/regular volunteers, and 5 members of the Board of Trustees.
Its purposes (V-M-G), among others, are “to provide socially and productive youth to contribute towards the development of their families, communities and the society thru scholarships and related educational interventions; to cultivate/develop the youth as a role model of society thru education as well as transformative learning opportunities; and to engage in other social development initiatives aimed at promoting quality education and better quality of life among poor Filipino communities particularly in remote rural schools.” The Foundation’s programs/projects focused on the following areas: (1) Scholarship Grant Program (SGP); (2) Scholars’ Development Program; (3) Other Social Development Initiatives like Adopt a School Program and Community Outreaches during disasters. Geographical scope of programs: 46 Provinces and 76 Schools (remote areas and where poverty incidence is high).
Its sources of revenues mainly come from an endowment fund, donations from individuals, interest income and income generating projects. Total Revenues for the last 2 years is P47 Million. The organization has an approved budget of P12.1 Million for the year 2016.
 TORM Shipping Philippines is a branch of TORM based in Copenhagen and founded in 1889. It has branches in Houston, Mumbai and Singapore. It is mainly a cargo shipping line employing about 3,000 seafarers and about 250 land based personnel.