Chevron Donates $1 Million to The BASIC Fund to Support Scholarships for Bay Area Students
December 06 2017 - 12:00PM
Business Wire
Donation honors Chevron Chairman and CEO
John Watson
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.
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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ChevronKent Robertson, +1 925-842-1456orBASIC FundMichelle
Harris, +1 415-986-5650
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