Devon Energy Charitable Foundation

The Devon Energy Charitable Foundation is designed to provide short-term assistance to full-time employees of Devon Energy Corporation experiencing severe financial need due to unexpected and unavoidable emergencies. Eligible applicants must be a Devon Energy employee at the time of the emergency in order to be eligible to apply. Eligible applicants may receive a maximum of one grant per calendar year, with a maximum of two grants for assistance during lifetime with the Devon Energy.

In the event of an unexpected and unavoidable emergency that causes a severe financial hardship, Devon Energy employees may apply for assistance within the following categories and qualifications (Please remember that not all emergencies will warrant the maximum assistance):

• Home Catastrophe/Natural Disaster – Amount of Grant: Up to $2,000
  Assistance for employee’s personal residence destroyed, rendered unlivable or otherwise in need of costly repairs in excess of insurance caused by a natural or localized disaster (hurricane, fire, flood, tornado, mudslide, etc.).
• Funeral or Emergency Travel for Immediate Family* – Amount of Grant: Up to $1,000
  Assistance for those who have incurred the loss of an immediate* family member, if the employee is financially responsible for funeral arrangements. OR For employees who must travel to visit or care for a terminally ill immediate family member or escort a critically ill immediate family member to an out-of-state medical facility.
• Medical Emergency (emergency hospitalization, injury, etc.) – Amount of Grant: Up to $1,000
  For employees who have encountered financial hardships due to medical emergencies (injury, hospitalization, loss of income during medical emergency, etc.).
• Personal Emergency (theft, partner laid off, acts of violence) – Amount of Grant: Up to $1,000
  For employees who have encountered severe financial hardships due to other critical incidents beyond their control (theft, acts of violence, etc).

Note: To comply with IRS conditions, program guidelines restrict assistance to employees experiencing severe financial need due to specific unexpected, unavoidable emergencies which can be documented. While all emergencies and financial hardships are unfortunate, incidents outside of program guidelines cannot be approved.

Guidelines on this charity program allow it to provide grants to eligible employees. These are not loans and do not need to be repaid. Donor status is never considered by our Review Committee.  

Employees should use available resources such as medical/life insurance, PTO, short/long term disability, personal savings, assistance from family members, etc. before applying for assistance.  If ineligible, TCF can refer applicants to other resources in their community.

Upon approval, grant recipients are typically mailed a check made payable to the vendor requesting payment (i.e. landlord, utility company, contractor, etc.). We understand that each situation is unique so please do not hesitate to contact us with any questions.  

Situations that will NOT be Considered: Elective bills; Replacement of luxury items; Purchase of vehicles; bills not related to a declared disaster; situations related to extended family members. TCF must comply with IRS regulations; further guidelines may apply. Additional information is available here.