Megaworld Foundation established in 1999 as Megaworld's Corporation's socio civic arm. It offers scholarship to students taking up Engineering and Architecture course at the University of Philippines and Mapua Institute of Technology. Since 1999 the foundation has also given financial assistance and support to a variety of organizations that aim to promote social justice and improve the lives of Filipinos.

The Foundation has also been accredited to Philippines council for NGO certification. Last year, the foundation became a member of (AF) Association of Foundation. AF is a heterogeneous federation of foundation which aims to improve development work in the country by building its members capacities partnerships that will strengthen the network's response to challenges and change.