ExxonMobil donates US$ 40 million to US educational institutions
ExxonMobil and its employees, retirees, directors and surviving spouses are to donate US$ 40.2 million to higher education institutions in the US as part of the ExxonMobil Foundation’s Educational Matching Gift Program.
The program matches employee contributions at a ratio of 3:1, up to US$7500 for qualifying colleges/universities, along with the American Indian College Fund, Hispanic Scholarship Fund, and the United Negro College Fund. The grants are unrestricted, however institutions are encouraged to designate a portions to maths and science programs, aimed at encouraging student engagement.
The total donations from employees, retirees, directors and surviving spouses were equal to approximately US$ 11.9 million. The ExxonMobil Foundation matched this sum with its own contributions, to the value of US$ 28.3 million.
Contributions by state were as follows:
Virginia
Total donations were approximately US$1.29 million. Employees contributed US$ 370 000, which was matched with US$ 925 000 from the ExxonMobil Foundation.
Pennsylvania
Total donations were approximately US$2.5 million. Employees contributed more than US$ 900 000, which was matched with US$ 1.6 million from the ExxonMobil Foundation.
Texas
Total donations were approximately US$ 9.3 million. Employees contributed US$ 3 million, which was matched with US$ 6.3 million from the ExxonMobil Foundation.
Louisiana
Total donations were approximately US$ 2.37 million. Employees contributed nearly US$ 700 000, which was matched with US$ 1.68 million from the ExxonMobil Foundation.
New York
Total donations were approximately US$ 2.9 million. Employees contributed more than US$ 790 000, which was matched with US$ 2.1 million from the ExxonMobil Foundation.
The ExxonMobil Foundation is the primary philanthropic arm of ExxonMobil Corporation in the US. In addition to the Educational Matching Gift Program, the Foundation supports a number of other programs that encourage students, particularly women and minorities, towards careers in mathematical and scientific fields.
Adapted from press releases by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/16042013/exxonmobil_donates_forty_million_dollars_to_us_educational_institutions-1928/
You might also like
Neste supplying sustainable aviation fuel to Emirates
Neste has started supplying sustainable aviation fuel (SAF) to Emirates at Amsterdam Airport Schiphol, expanding the partnership the two companies announced in October 2023.