ExxonMobil and its employees have donated US$ 665 994 to higher education institutions across Kansas, as part of the ExxonMobil Foundation’s EducationalMatching Gift Program.
Oklahoma educational institutions received approximately US$ 1.3 million as part of the same scheme.
In Kansas, ExxonMobil contributed unrestricted grants to the value of US$ 484 783 in order to match donations of US$ 181 161 from employees, retirees, directors, and surviving spouses.
ExxonMobil employees, retirees, directors and surviving spouses donated US$ 324 945 in Oklahoma, matched with US$ 968 778 in unrestricted grants from the company itself.
In both cases, investment includes gifts from employees of XTO Energy, an ExxonMobil Subsidiary.
Over the past five years, ExxonMobil and its employees have donated more than US$ 2.6 million to colleges and universities in Kansas, and US$ 5.6 million to educational institutions in Oklahoma.
The Educational Matching Gift Program matches donor pledges 3:1, up to US$ 7500 to qualified colleges and universities in the US, along with the American Indian college Fund, Hispanic Scholarship Fund and the United Negro College Fund. Since its 1962 launch, the program has generated more than US$ 500 million for higher education institutions.
Although grants are unrestricted, recipients are encouraged to designate a portion to mathematical and scientific programs in order to support student engagement.
Adapted from press release by Emma McAleavey.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/24072013/exxonmobil_donates_to_us_educational_institutions504/
