When you visit your local CITGO to fill-up with gas, grab a snack, a hot cup of coffee, some groceries, and your breakfast, lunch or dinner, you're walking into a locally owned and operated business.
HOUSTON, July 19, 2021 /PRNewswire/ -- The Simón Bolívar Foundation, a 501 (c)(3) non-profit private foundation, today announced the release of its 2020 annual report. The Foundation is dedicated to improving the lives of the most vulnerable Venezuelans and others in need affected by disaster, conflict, and poverty, with special attention to children and mothers in and from Venezuela.
In 2020, the Foundation's new leadership assessed the dire humanitarian crisis in Venezuela and determined that the Foundation could significantly expand its impact – and reach the greatest number of Venezuelans and others in need – by providing grants to qualified charitable organizations and other non-governmental organizations operating in Venezuela and the region.
Accordingly, among other efforts, the Foundation awarded the following grants in 2020:
"We're very excited to release the Foundation's first public annual report and share the work we're doing daily to help the most vulnerable Venezuelans and others in need," said Mariela Poleo, President of the Simón Bolívar Foundation. "2020 was an extremely challenging year, and we focused on increasing impact, by benefiting a larger number of individuals, providing access to medicine and nutrition, improving the ability of medical professionals and caregivers to treat patients, and increasing the effectiveness of community organizations."
The Foundation also devoted significant resources during 2020 to help address the COVID-19 pandemic in Venezuela:
In total, the 2020 expenditures were 71 percent high-impact grants, 24 percent to individual patients and medical hospital grants, and five percent for grant administration expenses. These amounts exclude in-kind donations from CITGO.
This is the first time the Foundation has issued a public report, part of the new leadership's commitment to transparency and good corporate governance.
Learn more about the Foundation and its annual report here: https://www.simonbolivarfoundation.org/presentations/SBFAnnualReport2020.pdf
About The Simón Bolívar Foundation
Simón Bolívar Foundation Inc. is the 501(c)(3) non-profit, private foundation of CITGO Petroleum Corporation. The Foundation supports charitable initiatives, leverages existing resources and provides charitable grants to qualified organizations to meet the immediate and long-term health needs of the most vulnerable individuals particularly in and from Venezuela with a special focus on the health and well-being of children and their mothers.
SOURCE The Simón Bolívar Foundation