In addition to the benefits that our core business brings to communities across the world, we also support long-term development projects and emergency aid through the Vitol Foundation.
The Vitol Foundation was established by the Vitol Group in 2006 to support projects that promote better living conditions for children living in deprivation. To achieve this, the Foundation actively researches and supports charity partners that work in four key areas of a child’s development: Health, Water and Sanitation (‘WASH’), Education and Livelihoods.
In 2012 the Vitol Foundation funded 257 projects with 179 different partner organisations in 66 countries.
We prioritise development projects that work with communities living in extreme poverty. We also allocate funds to programmes that specifically work with orphaned and vulnerable children and people living with disabilities.
In addition, we respond to emergencies that result from natural disasters and human conflict. Our ability to release funds almost immediately in response to a humanitarian disaster has set the Vitol Foundation apart over the years and is the reason why we won Save the Children’s first ever Corporate Emergency Partner of the Year Award in 2011.
We source new charitable partners through recommendations from existing partners, other donors and experts in the field, suggestions from Vitol staff members and targeted research by the Foundation team. The Vitol Foundation does not accept unsolicited funding requests.
- Power of partnership - we act as a catalyst for change, working closely with our wide networks of charities, donors, academics and think tanks to identify, support, strengthen, share and sustainably scale-up best practice models.
- Speed and flexibility – we are able to react to need quickly and be more flexible than many other foundations and our ability to release funds almost immediately in response to humanitarian disasters has set the VF apart over the years.
- Global reach and local understanding – with our extensive portfolio, the VF sees a wider view of development than many other foundations our size. Our global reach gives us the ability to see the bigger picture, gain local insights and anticipate changes.