It was established in 1993 to manage and develop the social programs of the Wong Group, and continues to be part of the Holding Favorita Fruit Company.

Its mission is to promote the physical, intellectual and spiritual growth of the children and their communities, especially in rural areas; and to protect the humid tropical rainforests of Ecuador.

The Foundation benefits 4,000 children in 34 schools, of which 16 are private and 15 are public, having a positive impact on rural education, which continues to grow. It also executes and supports other programs in general education, health, religion and environmental conservation.

The Rio Palenque Science Center was established in 1970 by the University of Miami and acquired by the Wong Group in 1998.

It includes approximately 100 hectares of primary tropical rainforest, the only remaining forest of its kind in the region, protected as an ecological reserve. Thousands of rare species of fauna and flora have been identified, including many that are specific to this forest. Plans are underway to reactivate eco-tourism, scientific research and other programs that sustain the rich biodiversity of the forest. The Rio Palenque Science Center is managed by the Wong Foundation, which is responsible to maintain and preserve this important ecological reserve.