| ExxonMobil
and employees contribute more than $22.4 million to education
Posted: 17 April 2003
More than 900 colleges and universities to receive funding
through educational matching gift program
IRVING, Texas — ExxonMobil announced today
that more than $22.4 million has been donated to more than 900 colleges
and universities through the ExxonMobil Foundation's 2002 Educational
Matching Gifts Program.
ExxonMobil employees, retirees, surviving spouses and directors
contributed more than $6.1 million to institutions of higher education
in 2002, which was matched by the ExxonMobil Foundation with more
than $16.2 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 $266 million in gifts to higher education
in the United States.
"We are proud that ExxonMobil employees have remained steadfast
in their commitment to higher education by donating nearly as much
to their colleges and universities as they did last year, despite
the difficult economic times we are all facing," said Kenneth
P. Cohen, vice president for public affairs, Exxon Mobil Corporation,
and chairman, ExxonMobil Foundation.
"We applaud and honor that commitment at ExxonMobil with a
3-to-1 match, the largest educational matching gift program in the
country. We feel the combined efforts of the people of ExxonMobil
and the ExxonMobil Foundation truly define our collective dedication
to education."
Under the ExxonMobil Foundation's Educational Matching Gift Program,
a donor can give up to $5,000 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 $15,000.
The affiliate 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 2002, ExxonMobil Foundation, Exxon Mobil Corporation, and its
divisions and affiliates provided $98 million in contributions worldwide,
with more than $41 million dedicated to education. (BUSINESS WIRE)
Posted by Richard Price,
Editor Pipeline Magazine
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