ExxonMobil, Employees, Retirees Donate More Than $1.9 Million to Louisiana Colleges and Universities; Educational Matching Gift
14 Avril 2006 - 2:00PM
Business Wire
ExxonMobil announced today that more than $1.9 million has been
donated to 19 colleges and universities in Louisiana through the
ExxonMobil Foundation's 2005 Educational Matching Gift Program.
ExxonMobil employees, retirees, surviving spouses and directors
contributed $501,000 to Louisiana institutions of higher education
in 2005, which was matched by the ExxonMobil Foundation with nearly
$1.5 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. This year, the program's combined contributions provided
908 colleges and universities across the country with more than $30
million. Individual donations totaled $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 Louisiana colleges and universities receiving grants from the
ExxonMobil Foundation Educational Matching Gift Program -0- *T
Louisiana Colleges and Universities Receiving ExxonMobil Foundation
Educational Matching Gift Grants Centenary College of Louisiana
Elaine P. Nunez Community College Grambling State University
Louisiana College Louisiana State University Louisiana State
University in Shreveport Louisiana Tech University Loyola
University Nicholls State University Northwestern State University
of Louisiana Southeastern Louisiana University Southern University
System St. Joseph Abbey-St. Joseph Seminary College Tulane
University University of Louisiana at Lafayette University of
Louisiana at Monroe University of New Orleans University of
Southwestern Louisiana Xavier University of Louisiana *T
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