ExxonMobil and Employees Donate Almost $50 Million to U.S. Colleges and Universities
21 Mayo 2018 - 10:00AM
Business Wire
- Almost 840 educational institutions to
receive funds from a program that triple matches employee
donations
- More than $665 million donated since
program began in 1962
- Recipient organizations encouraged to
support math and science initiatives
ExxonMobil and its employees are donating $49.8 million to
almost 840 institutions of higher education across the country as
part of the ExxonMobil Foundation’s 2017 Educational Matching Gift
Program.
ExxonMobil employees, retirees, directors and surviving spouses
contributed $16.9 million, which was matched with $32.9 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, ExxonMobil has donated more than $665
million to American institutions of higher learning.
“We have a long history of supporting education excellence in
the United States,” said Kevin Murphy, president of the ExxonMobil
Foundation. “Our employees and retirees also share that priority.
This donation is a demonstration of our collective support for
higher education institutions across the country.”
In 2017, more than 4,200 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 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 2017, the ExxonMobil
Foundation, together with Exxon Mobil Corporation, its divisions
and affiliates along with employees and retirees, provided $204
million in contributions worldwide, of which $68 million was
dedicated to education.
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