| ExxonMobil
Contributes $200,000 to African-American College Scholarships
Posted: 2 May 2003
Through this grant, about 50 HBCU students will get scholarships
IRVING, Texas — ExxonMobil Foundation today
announced a $200,000 donation to the Tom Joyner Foundation to help
some 50 students attending eleven Historical Black Colleges and
Universities (HBCUs).
This marks the third consecutive year that ExxonMobil has provided
this support, now totaling $600,000. The Tom Joyner Foundation provides
money directly to HBCUs to help students complete their higher education.
Each month, the Tom Joyner Foundation selects a specific HBCU that
will receive funds in order to award financial scholarships to deserving
students.
The scholarships are granted through the college or university's
financial aid department based on students' financial needs and
academic achievements.
Scholarship recipients will be announced monthly during a live
radio broadcast of the Tom Joyner Morning Show, syndicated in over
100 markets across the United States that reach more than seven
million listeners.
"Thanks to ExxonMobil's support, we will continue our efforts
to promote higher education and provide Historical Black Colleges
and Universities with money for scholarships," said Tom Joyner,
founder of the Tom Joyner Foundation and host of the Tom Joyner
Morning Show.
With ExxonMobil's contribution, the Tom Joyner Foundation will
provide $18,000 monthly for scholarships to an HBCU selected by
the Foundation over a period of eleven months.
In addition to providing financial assistance to these educational
institutes, ExxonMobil's donation will also help more African-American
students complete their higher education and reduce student drop-out
rates of participating HBCUs as a result of financial strain.
"ExxonMobil remains committed to supporting higher education,
and we are extremely pleased to partner with the Tom Joyner Foundation
to provide much needed funding to these well-respected universities
and their students," said Kenneth P. Cohen, vice president
for public affairs, Exxon Mobil Corporation, and chairman, ExxonMobil
Foundation.
"We applaud the Tom Joyner Foundation for their ongoing dedication
and leadership within the African-American community and look forward
to embarking on this partnership to help open more doors for students
pursing higher education."
Founded by Tom Joyner, the Tom Joyner Foundation is a charitable
501c3 non-profit organization started in 1997 for the sake of African-American
students in need at Historical Black Colleges and Universities across
the nation.
The Foundation has raised more than $17 million to date for this
single cause.
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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