EIN 74-2904514

Valero Energy Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
1999
Most recent tax filings
2023-09-01
Description
Valero Energy Foundation collaborates with nonprofits to improve lives and offer aid for natural disasters and other emergencies in the US.
Total revenues
$10,302,504
2023
Total expenses
$10,998,577
2023
Total assets
$18,127,044
2023
Num. employees
0
2023

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, 2023, 345 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 and Tornado Relief. During the tax year ended September 30, 2023, 15 individuals received assistance from the SAFE Fund.

Who funds Valero Energy Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Online Giving FoundationGeneral Support$255,750
PGA TourGeneral Support$225,000
Air Products Foundation2023 Texas Valero Open Benefit for Children Palladium Sponsorship$156,000
...and 9 more grants received

Personnel at Valero Energy Foundation

NameTitleCompensation
Joseph W GorderChief Executive Officer$0
R Lane RiggsPresident , Chief Executive Officer$0
Gary K SimmonsExecutive Vice President and Chief Operating Officer$0
Jason W FraserExecutive Vice President and Chief Financial Officer$0
Cheryl L ThomasSenior Vice President and Chief Information Officer$0
...and 11 more key personnel

Financials for Valero Energy Foundation

RevenuesFYE 09/2023
Total grants, contributions, etc.$22,650,644
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$209,870
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-12,558,010
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,302,504

Form 990s for Valero Energy Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-14990View PDF
2022-092023-08-14990View PDF
2021-092022-08-11990View PDF
2020-092021-09-03990View PDF
2019-092021-08-18990View PDF
...and 8 more Form 990s
Data update history
September 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 22, 2024
Used new vendors
Identified 2 new vendors, including , and
September 21, 2024
Received grants
Identified 10 new grant, including a grant for $255,750 from American Online Giving Foundation
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Mark Paul Terk Charitable Trust
September 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsCorporate foundationsCharities
Issues
No issues found
Characteristics
Fundraising eventsOperates internationallyNational levelCommunity engagement / volunteeringTax deductible donationsNo full-time employeesAccepts online donations
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
California AB-488 details
AB 488 status
May Not Operate or Solicit for Charitable Purposes
Charity Registration status
Delinquent
FTB status revoked
Not revoked
AG Registration Number
CT0287871
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-12-18
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