Skip to main content

ExxonMobil donates US$ 40 million to US educational institutions

Hydrocarbon Engineering,


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/


 

Embed article link: (copy the HTML code below):