ExxonMobil, Employees, Retirees Donate More Than $30 Million to Institutions of Higher Education; 908 Colleges and Universities
14 Avril 2006 - 1:00PM
Business Wire
ExxonMobil announced today its donation of more than $30 million to
908 colleges and universities across the United States through
ExxonMobil Foundation's 2005 Educational Matching Gift Program.
ExxonMobil employees, retirees, surviving spouses and directors
made more than 8,800 individual contributions totaling more than $9
million to institutions of higher education in 2005, which was
matched by the ExxonMobil Foundation with more than $21 million in
unrestricted educational grants. Initiated in 1962, the ExxonMobil
Foundation's Educational Matching Gift program matches gifts to
higher education on a 3-to-1 basis and has provided more than $323
million to higher education in the United States. "For more than
forty years ExxonMobil and its employees have demonstrated their
commitment to institutions of higher education through our Matching
Gifts Program," said Kenneth P. Cohen, vice president for public
affairs, Exxon Mobil Corporation, and chairman, ExxonMobil
Foundation. "Each year, the generosity of our employees has enabled
hundreds of universities across the nation to enhance their current
educational programs to achieve new levels of excellence." Under
the ExxonMobil Foundation's Educational Matching Gift Program, a
donor can give up to $7,500 a year to colleges and universities
with which he or she is affiliated and the Foundation matches those
gifts on a 3-to-1 basis up to $22,500. The affiliation requirement
is waived for gifts to the United Negro College Fund, the Hispanic
Scholarship Fund and the American Indian College Fund. ExxonMobil
Foundation is the primary philanthropic arm of the Exxon Mobil
Corporation in the United States. The Foundation engages in a broad
range of philanthropic activities focusing on the communities where
Exxon Mobil Corporation has significant operations. In addition,
the Foundation supports research and dissemination on selected
topics of national interest to the energy industry. Focus areas
include education, health and environment. In 2005, Exxon Mobil
Corporation, its divisions and affiliates, and ExxonMobil
Foundation provided $133 million in contributions worldwide, with
$42 million dedicated to education. Additional information on
ExxonMobil's community partnerships and contributions programs is
available at http://www.exxonmobil.com/community.
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