ExxonMobil and Employees Donate $40 Million to U.S. Colleges and Universities
- 900 educational institutions are receiving funds from a program
that matches employee donations - More than $477 million donated since program began in 1962
- Recipient organizations encouraged to support math and science
initiatives
ExxonMobil and its employees are donating $40 million to higher
education institutions across the country as part of the ExxonMobil
Foundation′s 2011 Educational Matching Gift Program.
ExxonMobil employees, retirees, directors and surviving spouses
contributed $12 million, which was matched with $28 million in
unrestricted grants from the ExxonMobil Foundation.
The program matches donor pledges 3:1 up to $7,500 to qualified colleges
and universities in the United States, along with the American Indian
College Fund, Hispanic Scholarship Fund and the United Negro College
Fund. Since the Educational Matching Gift Program began in 1962, more
than $477 million has been donated to American institutions of higher
learning.
'The ExxonMobil Foundation has a long history of supporting a range of
efforts to improve the quality of education in the United States,? said
Suzanne McCarron, president of the ExxonMobil Foundation. 'We are proud
to build upon the generous support of ExxonMobil employees who are
committed to investing in the future of young Americans.?
In 2011, more than 4,900 employees and retirees made individual
donations through the initiative. Although grants are unrestricted,
colleges and universities are encouraged to designate a portion to math
and science programs supporting student engagement.
In addition to the Educational Matching Gift Program, ExxonMobil and the
ExxonMobil Foundation support and develop programs that encourage
students, particularly women and minorities, toward careers in math and
science fields, as well as teacher training initiatives.
About ExxonMobil Foundation
ExxonMobil Foundation is the primary philanthropic arm of the Exxon
Mobil Corporation in the United States. The Foundation and the
Corporation engage in a range of philanthropic activities that advance
education, health and science in the communities where ExxonMobil has
significant operations. In the United States, ExxonMobil supports
initiatives to improve math and science education at the K-12 and higher
education levels.
Globally, ExxonMobil provides funding to improve basic education, promote
women as catalysts for economicdevelopment, and combat malaria
and other infectious diseases in developing countries. In 2011, together
with its employees and retirees, Exxon Mobil Corporation (NYSE:XOM), its
divisions and affiliates, and ExxonMobil Foundation provided $278
million in contributions worldwide, of which $120 million was dedicated
to education. Additional information on ExxonMobil′s community
partnerships and contributions programs is available at www.exxonmobil.com/community
or follow us at www.twitter.com/exxonmobil.
ExxonMobil
Media Advisor, 972-444-1107
