The AY Foundation, Inc. (AYF) traces its roots to the Bayanihan Foundation set up in 1970 by Ambassador Alfonso T. Yuchengco to administer an educational fund for the children of Grepalife employees and sales associates. But the foundation’s scholarship program later expanded to include street children and members of indigenous groups. In 1988, the foundation was renamed AY Foundation, Inc., It is a funding/grant-making corporate foundation with a nationwide geographic coverage. Its main office is located at the 48/F, Yuchengco Tower, RCBC Plaza, 6819 Ayala Avenue, Makati City. The foundation has 8 regular staff, and 15 members of the Board of Trustees.
It was first certified for 5 years on July 30, 2001 and which ended on July 29, 2006. On its first renewal, it was certified for 5 years on December 8, 2006 which ended on December 7, 2011. On its 2nd renewal, it was certified for 5 years on July 9, 2012 which ended on June 8, 2017.
Its purposes, among others, are “to contribute to the improvement of the quality of life of the Filipino especially the poor and the disadvantaged particularly in the formation of moral values and in the education of our youth, with emphasis on the field of science and technology, to provide educational assistance to financially needy but deserving Filipino youth”. Their program areas are on: education and training, health and nutrition, environment, youth and family welfare, community development and disaster and relief. In terms of target clientele, they support the disabled, indigenous people, youth, children and victims of calamity.