SMCGP Philippines Power Foundation Inc. (formerly AES Philippines Power Foundation Inc.) The AES Philippines Power Foundation, Inc. was registered with the SEC as a non-stock, non-profit corporation on January 6, 2012 by a group of incorporators who were committed to the human capital development of the host communities surrounding the Masinloc Power Plant in Zambales and in nearby provinces. It is a corporate foundation whose mother company used to be AES Power Philippines, part of AES Corporation, a global power company. In December 17, 2017, AES Phil Investment Pte. Ltd. and Gen Plus BV executed an agreement for the sale of AES and its subsidiaries that included the Foundation to SMC Global Power Holdings Corp/SMCGP Masin Pte. (formerly Masin-AES Pte Ltd). The sale was closed on March 20, 2018
On May 4, 2018, The Foundation changed its name from AES Philippines Power Foundation Inc. to SMCGP Philippines Power Foundation Inc. The change in name was approved by the SEC on June 7, 2018. Its principal office is at 15th floor San Miguel Properties Centre, No 7 St. Francis Street, Mandaluyong City. The foundation has 5 regular staff and 6 members of the Board of Trustees, one of which is an independent trustee.
The Foundation aims to develop and implement strategic social investment programs that will improve the human capital development indices of the poor and will support the economic, social and environmental well-being of the community. Its programs now focus on the following: 1) Economic Development; 2) Education 3) Health; 4) Livelihood; 5) Environmental Stewardship and Disaster Response.
It was certified for one (1) year on September 11, 2012 and which ended on July 25, 2013. For its renewal, it was certified for another one (1) year on November 26, 2013 and which ended on November 4, 2014. On its 2nd renewal, it was certified for 5 years on June 17, 2014 which ended on June 16, 2019.