ExxonMobil and Employees Contribute more than $950,000 to California Colleges and Universities
April 22 2016 - 10:00AM
Business Wire
- 42 institutions of higher learning in
California receive funds from 3:1 Educational Matching Gift
Program
- Recipient organizations encouraged to
support math and science initiatives
ExxonMobil and its employees contributed more than $950,000 to
higher education institutions across California as part of the
ExxonMobil Foundation’s 2015 Educational Matching Gift Program.
In 2015, ExxonMobil employees, retirees, directors and surviving
spouses contributed $344,000 to 42 California colleges and
universities, which was matched with $608,000 unrestricted grants
from the ExxonMobil Foundation. Although grants are unrestricted,
colleges and universities are encouraged to designate a portion to
math and science programs supporting student engagement.
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.”
Nationwide, more than 850 institutions received $45.4 million
through the 2015 Educational Matching Gift Program.
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 advancing education, with a focus on math and science in
the United States, promoting women as catalysts for economic
development and combating 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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