This study examines the role that motivational values play in the experience of discrimination in young immigrants in Spain and how this role is mediated by parental values. Participants in the study were 193 dyads of pre-adolescent to young adult first and second generation immigrants and one of their parents. All participants were either of Moroccan or Romanian ascent, the two largest immigrant groups in Spain. The proposed SEM model had an adequate fit, χ2(2, N = 193) = 2.272, p = .321, RMSEA = .027, CFI = .999, NFI = .994, and yielded a large R
2, both for the Moroccan group (R
2 = .79, p < .01), and the Romanian group (R
2 = .80, p < .01). It showed that the value dimension openness to change vs. conservation is positively related to their experience of discrimination (β = .35, p < .01, for Moroccans group; and β = .29, p < .001, for Romanians). This relationship was mediated by parental values and their parents’ experience of discrimination. A possible explanation is that immigrants high in openness to change are likely to pursue contact with the host culture more intensely, and thus increase the probability of interactions involving discrimination. Additionally, parental values and their own experience of discrimination influences their children, making them more vulnerable to discrimination stress and more likely to perceive discrimination. While most research is focused on external or environmental variables, this study highlights the importance of value orientations and parental influences in immigrants’ experience of discrimination.