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Valero Energy invests $2.5 million to support UTSA graduate programs

Valero headquarters

Valero Energy headquarters, San Antonio

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(Sept. 1, 2009)--Valero Energy officials today announced a $2.5 million gift to support graduate students in engineering and business, helping to strengthen the pipeline for leadership in these fields. The investment also advances UTSA's bid toward recognition as a premier research university.

The gift from Valero Energy Foundation, the charitable arm of Valero Energy Corp., will be submitted for matching funds made available by the Texas Legislature through the recently approved Texas Research Incentive Program (TRIP). The gift, Valero's largest to UTSA, supports the university's mission to provide access to higher education and the company's goal to be a good corporate citizen by strengthening the communities where it does business.

"This gift demonstrates the Valero Foundation's commitment to education in San Antonio," said Valero Chairman and CEO Bill Klesse. "It is our hope that these scholarships will help people get a quality education and enable them to work at companies like Valero in the future."

"The strategic vision that motivated this gift and its impact to change lives reflects Valero's keen focus on building better communities," said UTSA President Ricardo Romo. "Even in tough economic times, Valero again demonstrates leadership in philanthropy by investing in opportunities for San Antonio students to be successful."

UTSA will establish two graduate fellowship funds -- each with $1.25 million -- in both the College of Engineering and the College of Business, two of the fastest growing colleges at UTSA and in Texas. When matched by the State of Texas, the funds will be $2.5 million for each college.

The UTSA College of Business is the largest, most comprehensive business school in South Texas and one of the 40 largest in the nation. The College of Engineering has more than doubled in size in graduate enrollment in the last seven years and has been ranked in the top 10 for two of the last three years in the number of Hispanic engineers produced in the United States.

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