formerly known and the Children and Youth Foundation of the Philippines The Consuelo Foundation is an indigenous Philippine foundation seeking to help improve the welfare and prospects of Filipino children and youth. It was founded in 1993 as the Children and Youth Foundation of the Philippines (CYFP) through an affiliation agreement between two US-based organizations – the Consuelo Zobel Alger Foundation (or Consuelo Foundation) in Hawaii and IYF. In 2002, CYFP officially changed its name to the Consuelo Foundation and today manages a number of programs in the Philippines.

At the core of Consuelo Foundation's efforts and resources are disadvantaged Filipino children and youth, between five and 20 years old. Among them are young people who have been abandoned, exploited, and abused – street children, children of indigenous peoples, out-of-school youth, working youth, victims of violence and armed conflict, and the differently disabled. The Foundation also helps parents and communities, as well as care-giving and child-oriented organizations and professionals, leaders, influentials, trainers, researchers and law enforcers, prosecutors and lawyers.

The Consuelo Foundation employs the following strategies to achieve its objectives: supporting programs that work; interactive partnering; promoting program effectiveness, organizational capability and sustainability; encouraging strategic collective work on children and youth needs in an area; and advocating local philanthropy.