ExxonMobil, Employees, Retirees Donate More Than $2.5 Million to Louisiana Colleges and Universities
Posted on May 9, 2008 – 3:23 pm | by vchris
19 Louisiana Institutions to Receive Educational Matching Gift Grant
IRVING, Texas–(BUSINESS WIRE)–ExxonMobil announced today that more than $2.5 million has been donated to 19 colleges and universities in Louisiana through the ExxonMobil Foundation’s 2007 Educational Matching Gift Program.
ExxonMobil employees, retirees, surviving spouses and directors contributed more than $900,000 to Louisiana institutions of higher education in 2007, which was matched by the ExxonMobil Foundation with $1.6 million in unrestricted educational grants.
The Educational Matching Gift Program is one of the most generous of its kind in the United States, matching gifts to affiliated higher education institutions by employees and retirees on a 3-to-1 basis. Since its inception in 1962, the program has provided more than $372 million to higher education in the United States.
ExxonMobil Foundation funds math and science programs to respond to the nation’s growing need to produce more engineers and scientists and to develop more highly qualified math and science teachers. To assist with these efforts, the Foundation is encouraging college and university presidents to allocate a portion of the unrestricted matching funds to existing or new programs which provide teachers with professional development opportunities, train new math and science teachers, and support women and minority science and engineering programs.
“For more than 40 years ExxonMobil’s employees and retirees have demonstrated their commitment to institutions of higher education through their generous contributions through the Educational Matching Gift Program,” said Kenneth P. Cohen, vice president for public affairs, Exxon Mobil Corporation, and chairman, ExxonMobil Foundation. “These donations provide universities throughout the nation an opportunity to enhance their current educational programs and to achieve new levels of excellence.”
Under the Educational Matching Gift Program, ExxonMobil provides the 3-1 matching funding for donations of up to $7,500 a year to colleges and universities with which employees or retirees are affiliated. The affiliation requirement is waived for gifts to the United Negro College Fund, the Hispanic Scholarship Fund and the American Indian College Fund.
About ExxonMobil Foundation
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 2007, together with its employees and retirees, Exxon Mobil Corporation, its divisions and affiliates, and ExxonMobil Foundation provided $207 million in contributions worldwide, of which $70 million was dedicated to education. Additional information on ExxonMobil’s community partnerships and contributions programs is available at www.exxonmobil.com/community.
Attachment: List of Louisiana colleges and universities receiving grants from the ExxonMobil Foundation Educational Matching Gift Program
Louisiana Colleges and Universities
Receiving ExxonMobil Foundation Educational Matching Gift Grants
Centenary College of Louisiana
Dillard University
Grambling State University
Louisiana College
Louisiana State University
Louisiana State University in Shreveport
Louisiana Tech University
Loyola University
Nicholls State University
Northwestern State University
Southeastern Louisiana University
Southern University System
St. Joseph’s 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
Contacts
ExxonMobil
Media Relations, 972-444-1107
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Tags: Employees, Engineers, exxonmobil, Foundation, Retirees
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