AY Foundation (AY) is a charity foundation based in Philippines, that was established with the aim of Welfare for the Society. The foundation is focused in Child Development, Woman Empowerment, Old-Age Home & Also Provides Relief during Pandemic all across the Philippines. History The AY Foundation, Inc. (AYF) was founded in 1970 by Alfonso Yuchengco as the Bayanihan Foundation to administer an educational fund for the children of Grepalife employees and sales associates. It was renamed A Wise Foundation in 1983. The foundation was renamed AY Foundation, Inc in 1988. Vision and mission The AY Foundation formulates its vision as follows: A focused professional foundation that will make an impact on moral values development and science and technology education in Philippine society. The AY Foundation has given itself the following mission: 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, and advancement of the public well-being through improved healthcare services. Goals and activities The foundation formulates as its goal to "provide educational assistance to financially needy but deserving Filipino youth, especially members of the indigenous groups, center-based street children, and dependents of employees of the YGC companies". It has several social development programs that focus mainly on education, health and nutrition. They relate to: Scholarship Medical Mission National Discipline Award Blessed Teresa of Calcutta Award Scholarship The foundation awards scholarship grants to street children, to indigent children, and to dependents of YGC employees. Medical Mission AYF has performed more than 11,000 surgical procedures and more than 62,000 medical consults in various parts of the Philippines. National Discipline Award In 1990, AYF established the National Discipline Award, which aims to give recognition to graduating high school students who consistently exemplify the virtue of discipline in school and in the community. Blessed Teresa of Calcutta Award The Blessed Teresa of Calcutta Award, known up to 2003 as the Mother Teresa Award, was launched in 1983. The award recognizes individuals who dedicate most of their lives to helping the "poor of the poor". Awardees have been: 1993: Anthony Hoffste, a priest who spent 35 years tending to the needs of the leprous at Tala Leprosarium 1986: Lilia Castro, a former nurse who spent more than 30 years of her life serving a minority community in the hinterlands