The helping hand of the company, through the benevolence of their President and CEO, the late Mr. Pio W. Castillo, Sr., or "tatay" as fondly called by all employees of IPI, was evident before the formal creation of their first foundation on March 1, 1989, the Bread for the Philippines Foundation, Inc. was born out of the company’s desire to extend their philanthropic act not only their employees but also to the communities anywhere in the Philippines. As aptly said by him, "the company is morally obliged to give back a portion of the profit that we got from the Filipino people."
The Bread for the Philippines Foundation inc., sometime in May 1989, in tandem with the USAID, undertook reforestation project and donated artesian wells in the mountain barangays of Carmen and Borbon, Cebu. The initial were successful but the foundation’s remaining activities had to be stopped temporarily due to the creation of another foundation in honor of their late father, Don Go Lam. The Don Go Lam Foundation, Inc., was registered with the Securities and Exchange Commission on April 22, 1993, the with the following purposes and objectives:
From May 31, 1993 to April 11, 2006, the Don Go Lam Foundation, Inc., has supported the following activities:
Sometime in early 2006, the members of the Technical Working Group ware planning to get a certification and accreditation with the Philippine Council for NGO Certification so the foundation can accept donations from other development agencies within and outside the country. Mr. Pio Castillo proposed a new name for the foundation: the IPI Foundation, "so that people will automatically associate the various activities of the foundation to IPI."
In April 24, 2006, the IPI Foundation Inc was incorporated. At present, the IPI Foundation Inc is located at the IPI Complex at Juan Luna Avenue, Mabolo, Cebu City.