ExxonMobil and Employees Contribute more than $45 Million to U.S. Colleges and Universities
April 22 2016 - 10:00AM
Business Wire
- More than 850 educational institutions
to receive funds from a program that triple matches employee
donations
- More than $600 million donated since
program began in 1962
- Recipient organizations encouraged to
support math and science initiatives
ExxonMobil and its employees contributed a total of $45.4
million to institutions of higher education across the country as
part of the ExxonMobil Foundation’s 2015 Educational Matching Gift
Program.
ExxonMobil employees, retirees, directors and surviving spouses
contributed $13.2 million, which was matched with $32.2 million in
unrestricted grants from the ExxonMobil Foundation.
The program matches donor pledges on a 3:1 ratio 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 $600 million has been
contributed to American institutions of higher learning.
“Quality education is the foundation for individual opportunity
and economic prosperity,” said Ben Soraci, president of the
ExxonMobil Foundation. “We have a long history of supporting
education excellence in the country. It’s a shared priority, year
after year, with ExxonMobil employees.”
In 2015, more than 4,500 employees and retirees made individual
contributions 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, to consider
and pursue careers in science, technology, engineering and math, as
well as teacher training initiatives.
About the ExxonMobil Foundation
The ExxonMobil Foundation is the primary philanthropic arm of
Exxon Mobil Corporation (NYSE:XOM) in the United States. The
foundation and the corporation engage in a range of philanthropic
activities that advance education, with a focus on math and science
in the United States, promote women as catalysts for economic
development and combat malaria. In 2015, together with its
employees and retirees, Exxon Mobil Corporation, its divisions and
affiliates, and the ExxonMobil Foundation provided $268 million in
contributions worldwide. Additional information on ExxonMobil’s
community partnerships and contribution programs is available at
www.exxonmobil.com/community.
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