ExxonMobil, Employees, Retirees Donate More Than $980,000 to Virginia Colleges and Universities; Educational Matching Gift Gran
14 Avril 2006 - 1:00PM
Business Wire
ExxonMobil announced today that more than $980,000 has been donated
to 35 colleges and universities in Virginia through the ExxonMobil
Foundation's 2005 Educational Matching Gift Program. ExxonMobil
employees, retirees, surviving spouses and directors contributed
nearly $259,000 to Virginia institutions of higher education in
2005, which was matched by the ExxonMobil Foundation with more than
$721,000 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. This
year, the program's combined contributions provided 908 colleges
and universities across the country with more than $30 million.
Individual donations totaled more than $9 million, and the
ExxonMobil Foundation matched that number with an additional $21
million. "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 2005
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. Attachment: List
of Virginia colleges and universities receiving grants from the
ExxonMobil Foundation Educational Matching Gift Program -0- *T
Virginia Colleges and Universities Receiving ExxonMobil Foundation
Educational Matching Gift Grants Averett College Bluefield College
College of William and Mary Domestic and Foreign Missionary Society
of the Protestant Episcopal Ferrum College George Mason University
Hampden-Sydney College Hampton University Hollins College James
Madison University Longwood University Lynchburg College Mary
Baldwin College Mary Washington College Marymount University
Norfolk State University Northern Virginia Community College Old
Dominion University Radford University Randolph-Macon College
Randolph-Macon Woman's College Roanoke College Sweet Briar College
Union Theological Seminary United Negro College Fund University of
Charlottesville Darden School University of Richmond University of
Virginia Virginia Commonwealth University Virginia Intermont
College Virginia Military Institute Virginia Polytechnic Institute
Virginia Union University Washington & Lee University
Wytheville Community College *T
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