The BP Foundation is a charitable organization that helps communities around the world by supporting STEM education, economic development, practical approaches to environmental issues, and humanitarian relief. Since 2006, the foundation has contributed more than $218 million to thousands of community groups and initiatives in the United States. Meanwhile, in 2015 alone, BP logged more than 55,000 volunteer hours that the foundation matched with grants totaling $6 million. As part of its commitment to STEM education, the BP Foundation assists organizations, such as the National Action Council for Minorities in Engineering (NACME), which seeks to “create an engineering workforce that looks like America.” BP’s current three-year donation of $1 million has supported 200 engineering scholarships for students attending one of NACME’s 51 partner universities. Since 1990, the BP Foundation has contributed more than $6 million to NACME. The foundation also provides financial assistance when natural disasters occur, collaborating with local BP businesses to help those affected. For example, it donated $125,000 to provide food, health services and shelter to those affected by floods that swept across Texas in 2015. A decade ago, BP contributed $10 million to Hurricane Katrina relief efforts. Since 2006, the foundation has donated more than $20 million to humanitarian relief efforts worldwide.
*The BP Foundation is a separate legal entity from BP and accounts independently for its operations, assets, liabilities and expenses.
General Grants and Funding Priorities
The BP Foundation’s current commitments include support to global organizations that meet the BP Foundation’s donation strategy, including education, economic development and environment programs. The BP Foundation does not accept unsolicited proposals, but rather reviews requests submitted by BP businesses around the world. The funding priorities of the BP Foundation include education, economic development and environment.
- Science, technology, engineering and math (STEM) education, except countries where basic literacy is an issue
- Enterprise development, jobs training and sustainable community projects
- Programs that further the understanding of and foster practical means of addressing global environmental issues
The Employee Matching Program enables BP employees to get matching funds from BP to help support the community where they work. Since 2006, the BP Foundation has matched $82.5 million on behalf of BP employees’ contributions, time and effort to educational and charitable organizations worldwide. In 2014, employees personally contributed nearly $7.3 million to charitable organizations and educational institutions worldwide, volunteered about 207,866 hours and raised more than $1.6 million in sponsored pledge events. In recognition of employee efforts, the BP Foundation provided matching grants totaling about $10.4 million to charitable organizations and educational institutions.
BP Foundation has partnered with the National Merit Scholarship Corporation since 1990. The year 2015 marks 25 years of this partnership, with a total of $6.2 million in scholarships on behalf of more than 1,300 students of BP family members.