ExxonMobil, Employees, Retirees Donate More Than $1.2 Million to Virginia Colleges and Universities
02 Mai 2007 - 6:00PM
Business Wire
ExxonMobil announced today that more than $1.2 million has been
donated to 36 colleges and universities in Virginia through the
ExxonMobil Foundation�s 2006 Educational Matching Gift Program.
ExxonMobil employees, retirees, surviving spouses and directors
contributed more than $308,000 to Virginia institutions of higher
education in 2006, which was matched by the ExxonMobil Foundation
with $912,000 in unrestricted educational grants. Due to the
critical need in mathematics and science education, the Foundation
is encouraging college and university presidents to allocate a
portion of the unrestricted funds to programs directed at improving
math and science education at their universities. 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 $347 million to higher education in the United
States. This year, the program�s combined contributions provided
953 colleges and universities across the country with more than $33
million. Individual donations totaled more than $9 million which
was matched by the ExxonMobil Foundation with an additional $24
million. �The success of ExxonMobil�s Educational Matching Gift
Program is a testament to our employees� deep commitment to
education,� said Kenneth P. Cohen, vice president for public
affairs, Exxon Mobil Corporation, and chairman, ExxonMobil
Foundation. �By supporting institutions of higher education,
ExxonMobil and our employees are investing in the development of
new technologies, future leaders, social progress and economic
advancement.� 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 and the Corporation engage in a range of philanthropic
activities that advance education, health and science in the
communities where ExxonMobil has significant operations. In the
United States, ExxonMobil supports initiatives to improve math and
science education at the K-12 and higher education levels.
Globally, ExxonMobil provides funding to improve basic education
and combat malaria and other infectious diseases in developing
countries. In 2006, Exxon Mobil Corporation, its divisions and
affiliates, and ExxonMobil Foundation provided $139 million in
contributions worldwide, with $54 million dedicated to education.
Additional information on ExxonMobil�s community partnerships and
contributions programs is available at
www.exxonmobil.com/community. Virginia Colleges and
UniversitiesReceiving ExxonMobil Foundation Educational Matching
Gift Grants � Bluefield College Christopher Newport University
College of William and Mary Emory & Henry College Ferrum
College George Mason University Hampden-Sydney College Hollins
College James Madison University Longwood University Foundation Inc
Lynchburg College Mary Baldwin 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 Southern Virginia University Sweet
Briar College Union Theological Seminary United Negro College Fund
University of Mary Washington University of Richmond University of
Virginia Virginia Commonwealth University Virginia Intermont
College Virginia Military Institute Virginia Polytechnic Institute
Virginia State University Foundation Virginia Theological Seminary
Virginia Wesleyan College Washington & Lee University
Wytheville Community College
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