Written by Contributor
ExxonMobil and its employees are donating $9.3 million to higher education institutions across Texas as part of the ExxonMobil Foundation’s 2012 Educational Matching Gift Program.
ExxonMobil Foundation contributed unrestricted grants of $6.3 million to match donations of $3.0 million from employees, retirees, directors and surviving spouses.
The program matches donor pledges 3:1 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 $500 million has been donated to institutions of higher learning.
“ExxonMobil employees have a history of giving back through both their volunteerism and philanthropy. The corporation and Foundation share that philosophy and are proud to join them in their generous support,” said Suzanne McCarron, president of the ExxonMobil Foundation.
During 2012, 1,204 employees and retirees made individual donations to Texas colleges and universities. Although grants are unrestricted, recipients are encouraged to designate a portion to math and science programs supporting student engagement. Over the past 10 years, ExxonMobil and its employees have given more than $73 million to universities and colleges in Texas.
Nationwide, 871 institutions received $40.2 million through the 2012 Educational Matching Gift Program.
In addition to the Educational Matching Gift Program, ExxonMobil and the ExxonMobil Foundation support and develop programs that encourage students, particularly women and minorities, toward careers in math and science fields, as well as teacher training initiatives.