Taco Bell Foundation Inc.

Overview

The Taco Bell Foundation Inc. is a U.S. nonprofit organization established in 1992 by Taco Bell. It operates as a 501(c)(3) entity, focusing on serving youth and community needs across the United States.

Mission and Vision

The mission of the Taco Bell Foundation is to break down barriers and educate and inspire the next generation of leaders. Its vision is to fuel every young person's boldest ambition to create good[5].

Activities and Programs

Since its inception, the Taco Bell Foundation has been actively involved in supporting educational and career readiness initiatives for America's youth. It has awarded over $114 million in grants and scholarships aimed at education and career development, impacting more than 4 million young individuals[2][4].

One of its notable programs is the Live Más Scholarship, launched in 2015. This initiative empowers young people with non-traditional passions and interests beyond the conventional academic or athletic spheres. By 2019, the foundation had awarded nearly $11 million through this scholarship program[4]. Scholarships range from $5,000 to $25,000, supporting students who are pursuing their dreams and ambitions.

Governance

The Taco Bell Foundation is governed by a Board of Directors that includes representatives from both Taco Bell Corporation and other organizations. Key members include:

• Neil Borkan, Chairman
• Sean Tresvant, Vice Chairman
• James Cascone, Treasurer
• Daniel Horgan, Secretary

Other directors come from various sectors, including hospitality, finance, and food services, ensuring a diverse and experienced leadership team[5].

Impact

The Taco Bell Foundation's efforts have been significant, contributing to the educational and career aspirations of millions of young people in the United States. Through its grants and scholarships, it continues to support initiatives that foster growth and development among youth.