ExxonMobil and Employees Contribute more than $45 Million to U.S. Colleges and Universities
- More than 850 educational institutions to receive funds from a program that triple matches employee donations
- More than $600 million donated since program began in 1962
- Recipient organizations encouraged to support math and science initiatives
IRVING, Texas--(BUSINESS WIRE)-- ExxonMobil and its employees contributed a total of $45.4 million to institutions of higher education across the country as part of the ExxonMobil Foundation’s 2015 Educational Matching Gift Program.
ExxonMobil employees, retirees, directors and surviving spouses contributed $13.2 million, which was matched with $32.2 million in unrestricted grants from the ExxonMobil Foundation.
The program matches donor pledges on a 3:1 ratio up to $7,500 to qualified colleges and universities in the United States, along with the American Indian College Fund, Hispanic Scholarship Fund and the United Negro College Fund. Since the Educational Matching Gift Program began in 1962, more than $600 million has been contributed to American institutions of higher learning.
“Quality education is the foundation for individual opportunity and economic prosperity,” said Ben Soraci, president of the ExxonMobil Foundation. “We have a long history of supporting education excellence in the country. It’s a shared priority, year after year, with ExxonMobil employees.”
In 2015, more than 4,500 employees and retirees made individual contributions through the initiative. Although grants are unrestricted, colleges and universities are encouraged to designate a portion to math and science programs supporting student engagement.
In addition to the Educational Matching Gift Program, ExxonMobil and the ExxonMobil Foundation support and develop programs that encourage students, particularly women and minorities, to consider and pursue careers in science, technology, engineering and math, as well as teacher training initiatives.
About the ExxonMobil Foundation
The ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation (NYSE:XOM) in the United States. The foundation and the corporation engage in a range of philanthropic activities that advance education, with a focus on math and science in the United States, promote women as catalysts for economic development and combat malaria. In 2015, together with its employees and retirees, Exxon Mobil Corporation, its divisions and affiliates, and the ExxonMobil Foundation provided $268 million in contributions worldwide. Additional information on ExxonMobil’s community partnerships and contribution programs is available at www.exxonmobil.com/community.
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Source: Exxon Mobil Corporation
Released April 22, 2016