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Chevron Donates $1 Million to The BASIC Fund to Support Scholarships for Bay Area Students

Donation honors Chevron Chairman and CEO John Watson

December 06, 2017 12:00 PM Eastern Standard Time

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced a $1 million donation to the Oakland-based BASIC Fund to aid scholarships for the children of San Francisco Bay Area low-income families. The contribution is in honor of Chevron Chairman and CEO John Watson who is retiring February 1 after 37 years of service with the company.

“This is the single largest corporate donation in our organization’s history. Through this support, together we will be able to provide scholarships to 100 children and launch a new business and financial literacy program to support students’ long term-success.”

The BASIC Fund is a 501(c)(3) organization whose mission is to broaden the educational opportunities for inner-city children by helping low-income families afford the cost of tuition at private schools in the Bay Area.

“My mother was a teacher, and she taught me the importance of education at an early age,” said Chairman and CEO John Watson. “My wife, Diane, was also a teacher and reinforced that message within our own family. A strong K–8 education sets the foundation for higher learning and a successful career. Unfortunately, not every family has access to this foundation.”

Chevron’s contribution builds upon a long-term commitment to supporting education in the communities where the company operates, with a particular focus on improving instruction in science, technology, engineering and math (STEM). Working with local partners, Chevron takes a comprehensive approach to education investments. This includes supporting teacher training, providing classroom resources, funding out-of-school activities, and developing partnerships with universities designed to strengthen faculty, curricula and student development.

“Like Chevron, the BASIC Fund believes that increasing access to quality education helps unlock potential and fosters prosperity in our communities,” said Rachel Elginsmith, the BASIC Fund’s executive director. “This is the single largest corporate donation in our organization’s history. Through this support, together we will be able to provide scholarships to 100 children and launch a new business and financial literacy program to support students’ long term-success.”

To learn more about the BASIC Fund’s programs in the Bay Area, visit www.basicfund.org and for more information about Chevron’s support to education: www.chevron.com/education.

Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

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Contacts

Chevron
Kent Robertson, +1 925-842-1456
or
BASIC Fund
Michelle Harris, +1 415-986-5650

Posted on December 13, 2017 .

Giving Back and Giving Thanks

Rachel with Kids.JPG

As Executive Director of The BASIC Fund, my heart sank when I learned of the fires affecting the North Bay counties. I immediately thought of the children, families, and schools there whom we support. The devastating wildfires that swept through Napa and Sonoma have caused unprecedented damage to these communities. Among those hardest hit were families with children and their schools who are stretched thin to try and keep a sense of stability and calm for their students, while many school administrators themselves are also dealing with devastation. More than 200 BASIC Fund students attend 69 schools in the area affected by the fires, and we have been busy working with our school communities to provide support in as many ways as we can.

Thanks to the generosity of our board and donors, we have provided supplemental tuition grants for families who have lost income and whose schools were closed during the fires. We have a generous donor who provided funding for hundreds of gift cards, we partnered with Visa to produce them without service fees and distributed them to our families to help pay for groceries and other immediately necessary essentials. We partnered with KPMG to distribute brand new backpacks and supplies, and we even have had some generous donors who are helping to fund some additional needs at the hardest hit schools – things like school counselors to help the children recover from this terrifying disaster.

The recovery from this tragedy will be long and hard and with your help, The BASIC Fund is committed to remaining a source of support and stability for our families. As always, we cannot thank you, our donors, enough for everything you do for BASIC Fund families and our community.


Rachel Elginsmith
Executive Director

Posted on December 7, 2017 .