ICA Greenhills Scholarship Foundation, Inc. was registered with the Securities and Exchange Commission as a non-stock, non-profit, scholarship foundation on July 4, 2006. It was founded by the Missionary Sisters of the Immaculate Conception (MIC), ICA alumnae and their friends who are interested in helping the school, Immaculate Conception Academy establish a permanent scholarship fund through its Grant in Aid Scholarship for ICA students whose parents are experiencing financial difficulty.
In 2009, the Foundation’s Educational Sponsorship Program was adopted which gives financial support to poor public high school, college, tech-voc, students living in San Juan City.