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SAN ANTONIO -- The Valero Texas Open and Benefit for Children Golf Classic together raised $8 million for children's charities, event organizers announced during a tour at Respite Care of San Antonio, a nonprofit organization serving special-needs children.
Despite the lingering economic difficulties facing all industries, the amount generated for charity matches last year's total, and is likely once again to make the Valero Texas Open the top fundraising event on the PGA TOUR, the company said in a statement.
Funds are raised through sponsorships sold during the Valero Texas Open, taking place Thursday through Sunday this week, and the Valero Benefit for Children Golf Classic, a golf tournament in which 2,100 participants will play May 1, at 10 of San Antonio's premier golf courses. Employees throughout Valero's system choose worthy children's charities to receive the funds. Since 2002, when Valero became the tournament's title sponsor, more than $53 million has been raised for children's charities.
"Once again, our sponsors and business partners have, through their efforts and generosity, come together to help us raise these funds for children's charities," said Mike Ciskowski, executive vice president and CFO, who is heading up Valero's efforts in this year's tournament. "And once again, we owe our gratitude to the many volunteers who will help make the Valero Texas Open and Benefit for Children happen."
Valero Energy Corp. is a Fortune 500 company with approximately 21,000 employees. The company owns or operates 15 refineries. Valero is a leading ethanol producer with 10 ethanol plants in the Midwest with a combined capacity of 1.1 billion gallons per year, and is one of the nation's largest retail operators with approximately 5,800 retail and branded wholesale outlets in the United States, Canada and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar and Beacon brands.
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