Taco Bell Foundation Inc

Organization Overview

Taco Bell Foundation Inc, operating under the name Taco Bell Foundation, is located in Irvine, CA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Taco Bell Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taco Bell Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Taco Bell Foundation generated $23.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $19.2m during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Taco Bell Foundation has awarded 122 individual grants totaling $50,199,947. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TACO BELL FOUNDATION BREAKS DOWN BARRIERS TO EDUCATE AND INSPIRE THE NEXT GENERATION OF LEADERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TACO BELL FOUNDATION GRANTED BACK TO YOUTH-SERVING ORGANIZATIONS, INCLUDING THE BOYS AND GIRLS CLUBS OF AMERICA, IN AND AROUND COMMUNITIES WHERE TACO BELL DOES BUSINESS. OUR LOCAL GRANTS SUPPORT PROGRAMS AND EXPERIENCES THAT PREPARE YOUNG PEOPLE FOR HIGH SCHOOL GRADUATION AND EMPOWERS THEM TO CHANNEL THEIR PASSIONS SO THEY CAN GO ON TO ACHIEVE THEIR DREAMS THROUGH SECONDARY EDUCATION. SINCE 2013, THE TACO BELL FOUNDATION HAS GRANTED NEARLY $55 MILLION TO APPROXIMATELY 300 BOYS AND GIRLS CLUBS ACROSS THE COUNTRY.


THE LIVE MAS SCHOLARSHIP PROGRAM IS DESIGNED TO HELP INNOVATORS AND CREATORS AGES 16-24 PURSUE UNIQUE PASSIONS THAT MAY NOT NECESSARILY FIT INTO THE TRADITIONAL "ACADEMIC OR "ATHLETIC" SCHOLARSHIP CATEGORIES. THE APPLICATION ONLY REQUIRES SUBMISSION OF A TWO-MINUTE VIDEO WHERE APPLICANTS SHARE WHAT THEY LOVE TO DO. THE 2021 SCHOLARSHIP PROGRAM AWARDED $6.3 MILLION. THE WIDE RANGE OF STUDENT PASSIONS INCLUDE MEDICINE, FILM, ENGINEERING, MUSIC AND COMMUNITY SERVICE. IN THE FIRST FIVE YEARS OF THE SCHOLARSHIP, THE TACO BELL FOUNDATION HAS ALREADY AWARDED $18 MILLION IN EDUCATION SUPPORT TO NEARLY 1500 STUDENTS, INCLUDING TACO BELL EMPLOYEES. STUDENTS IN THE PROGRAM HAVE ALSO BEEN GIVEN ACCESS TO OPPORTUNITIES BEYOND FINANCES, THROUGH WORKSHOPS TO HELP DEVELOP PERSONAL AND PROFESSIONAL SKILLS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$14,061,296
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$9,777,350
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$23,838,646
Total Program Service Revenue$0
Investment income $56,101
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $15,762
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,910,509

Grants Awarded

Over the last fiscal year, Taco Bell Foundation Inc has awarded $9,813,222 in support to 10 organizations.

Grant RecipientAmount

YOURCAUSE LLC

PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP TO BE PRODUCTIVE ADULTS, AND TO PROVIDE THEM A SAFE ENVIRONMENT IN WHICH TO LEARN AND PLAY.

$6,777,629

JUNIOR ACHIEVEMENT USA (LOCAL OFFICES - LIST AVAILABLE UPON REQUEST)

PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP

$1,415,933

Boston, MA

PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP

$807,322

NATIONAL COLLEGE ADVISING CORPS INC

Org PageRecipient Profile

Chapel Hill, NC

PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDRE, TO HELP THEM GROW UP

$495,075

Chicago, IL

PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP

$100,000

Boston, MA

PURPOSE: TO PROVIDE SUPPORT SERVICES AND PROGRAMS FOR UNDERPRIVILEGED CHILDREN, TO HELP THEM GROW UP

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Taco Bell Foundation Inc has recieved totaling $201,098.

Awarding OrganizationAmount
Team Tacala Charities

Vestavia Hills, AL

PURPOSE: SUPPORT ACTIVITIES

$190,997
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$101
View Grant Recipient Profile

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