HISTORY OF ORGANIZATION
Ernesto “Asay” Yu Foundation, Inc. is a non-stock, non-profit organization duly registered with the Philippine Securities and Exchange Commission on July 14, 2009.
Guided by their commitment to help the underprivileged, members of the Yu Family founded the Ernesto “Asay” Yu Foundation in honor of their late father, Mr. Ernesto “Asay” Yu, whose sympathy to the poor become the inspiration of his children and also become the working corporate values of the businesses he founded.
The Foundation became the social development arm of Mr. Yu Group of Companies, in charge of delivering programs and services that are both relevant and beneficial to the MYGC’s stakeholders, to communities where it businesses operate and to other areas that need assistance.
In November 2009, the Foundation launched its flagship program, The Ernesto “Asay” Yu Foundation Scholarship, to provide free education opportunities to the
less fortunate. Along with the Education Program, three more programs (Environment, Primary Health and Child Care and Livelihood Training Assistance) have also been launched in 2009.