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Chevron's $1 Million Basic Fund Scholarship For Low Income Students

Chevron Creates $1 Million Fund For Scholarships to Low Income Students
Students from low income families in the San Francisco Bay Area may now have a greater educational opportunity, thanks for a $1 million fund created by Chevron Corp. The fund, called BASIC Fund, was designed to help defray the cost of tuition at private schools for low income students in the Bay Area.

The non-profit fund was created by Chevron Chairman and CEO John Watson who is retiring after 37 years of service with the company. The fund gives scholarships to students in low-income families who fall within established guidelines. It is a four-year scholarship for students entering private school for the first time, including Kindergarten through the eighth (K-8th) grade.

Students attending a registered private school located in the counties of Alameda, Contra Costa, Marin, San Francisco, San Mateo, Santa Clara, Napa, Solano, or Sonoma may apply. Parents of qualifying students must agree to participate in their children’s education through involvement with the school and create a supportive environment at home for their child's education.

Applications will be available on the web site in January. The fund was established in 1998 with the purpose to offer children of low-income families a solid foundation in their early education. The scholarship is based on financial need and not merit. There are approximately 4,000 students in nearly 300 schools throughout the Bay Area receiving scholarships from The BASIC Fund.

The deadline for this scholarship is usually in MARCH of each year, and the award amount is usually $6,400.

For more details, visit

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