EIN 74-2904514

Valero Energy Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
1999
Most recent tax filings
2022-09-01
Description
Valero Energy Foundation collaborates with nonprofits to improve lives and offer aid for natural disasters and other emergencies in the US.
Total revenues
$9,375,966
2022
Total expenses
$11,526,743
2022
Total assets
$20,912,160
2022
Num. employees
0
2022

Program areas at Valero Energy Foundation

The Valero Energy Foundation raises funds for the purposes of making charitable grants to nonprofit organizations that serve, children, adults and families, in the areas of food insecurity and basic needs, virtual education and digital support/laptops to improve access for underserved kids and children living in poverty, child abuse and mental health services, and improved health care services in underserved neighborhoods where Valero Energy has major operations. During the tax year ended September 30, 2022, 341 charities received grants from the Foundation.
The SAFE Fund provides assistance to individuals who have a significant charitable need resulting from an unexpected natural disaster such as a hurricane, tornado or flood, or are experiencing a demonstrable financial hardship related to a home fire, serious illness, or death in the family. Grants are available to affected qualifying current and future employees of Valero Energy Corporation. This fiscal year, several grants were targeted for Hurricane Ida and Tornado Relief in Meraux. During the tax year ended September 30, 2022, 75 individuals received assistance from the SAFE Fund.

Who funds Valero Energy Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Online Giving FoundationGeneral Support$187,243
PGA TourGeneral Support$175,000
TeletonUSA FoundationContribution$162,800
...and 6 more grants received

Personnel at Valero Energy Foundation

NameTitleCompensation
Joe GorderChairman and Chief Executive Officer / Chairman of the Board / Chairman , President and Chief Executive Officer
Joseph W GorderChief Executive Officer and President$0
Lane RiggsPresident and Chief Operating Officer / Executive Vice President - Refining Operations and Engineering
Jason W FraserExecutive Vice President and Chief Financial Officer$0
Gary K SimmonsExecutive Vice President and Chief Commercial Officer / Senior Vice President - Supply$0
...and 20 more key personnel

Financials for Valero Energy Foundation

RevenuesFYE 09/2022
Total grants, contributions, etc.$20,607,821
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$296,883
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-11,528,738
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,375,966

Form 990s for Valero Energy Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-14990View PDF
2021-092022-08-11990View PDF
2020-092021-09-03990View PDF
2019-092021-08-18990View PDF
2018-092019-09-30990View PDF
...and 7 more Form 990s

Organizations like Valero Energy Foundation

OrganizationLocationRevenue
Red Tab FoundationSan Francisco, CA$2,631,009
Wellington Management FoundationBoston, MA$15,149,104
Children's Hospital and Medical Center FoundationOmaha, NE$27,549,600
Pritzker Family Philanthropic FundChicago, IL$32,170,397
Rethink CharityMineral, VA$5,137,197
New Horizons FoundationColorado Springs, CO$42,722,124
The Hometown FoundationCheshire, CT$3,709,489
Dr Gertrude A Barber FoundationErie, PA$11,316,419
Hurley FoundationFlint, MI$5,293,849
Hope Haven Support FoundationRock Valley, IA$3,667,660
Data update history
September 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 26, 2023
Received grants
Identified 1 new grant, including a grant for $77,500 from Air Products Foundation
September 24, 2023
Used new vendors
Identified 2 new vendors, including , and
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 27, 2023
Received grants
Identified 8 new grant, including a grant for $187,243 from American Online Giving Foundation
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
Fundraising eventsOperates internationallyNational levelCommunity engagement / volunteeringTax deductible donationsNo full-time employees
General information
Address
PO Box 696000 Attn Corp Tax
San Antonio, TX 78269
Metro area
San Antonio-New Braunfels, TX
County
Bexar County, TX
Website URL
valero.com 
Phone
(210) 345-2000
IRS details
EIN
74-2904514
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1999
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
Free account sign-up

Want updates when Valero Energy Foundation has new information, or want to find more organizations like Valero Energy Foundation?

Create free Cause IQ account