People Behind The Foundation

Founders Dr. Felix T. Limcaoco, Sr., nicknamed “Sugar” by his friends in what was then a small town called Cabuyao, was a doctor by training but spent much of his efforts developing his sugar plantations in the Laguna province. Aside from being a well-known local doctor, he was an industry leader in the booming agricultural sector at the time. Quoting from a Rotary tribute to him: “Sugar is fondly remembered when we see children of indigent parents getting education assistance and care from the many donations from “Sugar”… when church bells toll and people coming and leaving the parish church of Cabuyao which was built through the financial intercession of “Sugar”… happy fathers look with pride at their brood—wives and children because “Sugar” was a devoted father, husband and a dedicated family man.” Felix “Bing” Limcaoco, Jr., born in 1930, continued the businesses of his father and started LICA Group’s real estate developments and automotive companies. Bing held many business and civic positions in his life, among them Chairman or Chairman Emeritus of LDB (Luzon Development Bank) and LICA’s various companies and the F.T. Limcaoco Foundation. Previously, he was an engineer at California Texas Oil and a banker at the Philippine National Bank. He also spent time in serving the country, as Administrator for the National Electrification Administration, as a Director for NAMFREL (National Movement for Free Elections) and as a Director at the Philippine Chamber of Commerce and Industry. Bing Limcaoco was educated at the Ateneo de Manila, the University of the Philippines, and at Cornell University, where he earned his Masters Degree in Electrical Engineering. He was awarded by the University of the Philippines School of Engineering Most Distinguished Alumnus and 100 Top Engineering Alumni.

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