Vitol made its first charitable grants in 2002 and established the Vitol Foundation in 2006.
The Foundation seeks to fund organisations and ideas that support children and families living in deprivation to escape the cycle of poverty and reach their potential in life.
Our focus is on supporting solutions that improve quality of performance, promote greater inclusion, foster appropriate innovation and catalyse access to finance, all within the broader context of poverty. This means that the work we support is invariably in low, and low to middle income countries, where the challenging effects of chronic under-development, conflict and natural disasters are commonplace. We work with the private sector, national governments, public institutions and international partners to reinforce and improve existing in-country systems. Where these systems are not working or do not exist, we seek to address the status quo by promoting innovation – or successful solutions from similar settings – to bring about lasting and sustainable change.
We consider our grants to be investments and look for initiatives with the potential to generate social returns in a sustainable way. From the outset, we have supported initiatives globally and independently of business activities. In 2020, we supported 112 projects in 48 countries.