ExxonMobil and Employees Donate More Than $1.5 Million to Oklahoma Colleges and Universities
May 15 2019 - 12:25PM
Business Wire
- Ten institutions of higher learning in
Oklahoma receive funds from Educational Matching Gift Program
- More than 800 U.S. colleges and
universities to benefit from ExxonMobil matching program
- Program is primarily focused on
enhancing math and science education
ExxonMobil and its XTO Energy subsidiary employees, retirees,
directors and surviving spouses contributed more than $413,000 to
10 Oklahoma colleges and universities, the company said today.
Those individual donations were matched by more than $1.1 million
in unrestricted grants from the ExxonMobil Foundation as part of
the foundation’s 2018 Educational Matching Gift Program.
ExxonMobil’s program matches individual donations to accredited
colleges and universities in the United States. The American Indian
College Fund, Hispanic Scholarship Fund and United Negro College
Fund are also eligible to receive donations as part of the matching
gift program. While ExxonMobil’s grants are unrestricted, colleges
and universities are encouraged to designate a portion of the funds
they receive to math and science programs supporting student
engagement.
“Supporting higher education, particularly in the areas of
engineering, math and science, is critical in improving individual
livelihoods as well as driving broader societal growth,” said Kevin
Murphy, president of the ExxonMobil Foundation. “We’ve long
supported programs that improve educational outcomes and provide
teachers with the tools they need to inspire our next generation of
leaders and innovators.”
More than 800 accredited colleges and universities in the United
States will receive a total of $50.4 million as part of the
ExxonMobil Foundation’s 2018 Educational Matching Gift Program.
Nearly 4,000 ExxonMobil employees and retirees contributed more
than $17 million to institutions of higher education in 2018, which
will be matched with over $32 million in unrestricted grants from
the foundation. ExxonMobil has donated nearly $700 million to
American institutions of higher learning since the program
began.
ExxonMobil and the ExxonMobil Foundation also support programs
that encourage students, particularly women and minorities, toward
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 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 2018, the ExxonMobil
Foundation, together with Exxon Mobil Corporation, its divisions
and affiliates, along with employees and retirees, provided more
than $211 million in contributions worldwide, of which over $75
million was dedicated to education.
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