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ExxonMobil donates US$ 36 million to education

Hydrocarbon Engineering,

ExxonMobil and its employees donated more than US$ 36 million to a total of 911 educational institutions across the US through the ExxonMobil Foundation’s 2009 Educational Matching Gift Program.

ExxoMobil employees, retirees, surviving spouses and directors made more than 8300 individual contributions totaling US$ 11 million to institutions of higher education across the US. ExxonMobil Foundation matched those donations and more with US$ 25 million in unrestricted educational grants.

ExxonMobil Educational Matching Gift Program
The Program is one of the most generous of its kind in the US. The program matches donations made to affiliated higher education institutions by employees and retirees on a 3 to 1 basis, providing more than US$ 423 million since the program’s inception in 1962. Individual donors may pledge up to US$ 7500 per year to colleges of universities with which they are affiliated of to the American Indian College Fund, the Hispanic Scholarship Fund and the United Negro College Fund.

‘These generous donations from ExxonMobil employees and retirees validate their belief in higher education as an investment for the future,’ said Kenneth P. Cohen, ExxonMobil Vice President for public and government affairs and Chairman of the ExxonMobil Foundation. ‘This focus on education is paving the way for leaders of tomorrow who will be crucial for the continued success of our country.’

Engineers, maths and science
ExxonMobil and the ExxonMobil Foundation fund 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 aid this effort, the Foundation encourages college and university presidents to direct a portion of the matching funds to programs that provide math and science teachers with professional development, attract more young people to teach math and science and support science and engineering programs aimed at women and minorities.

In addition to the Educational Matching Gift Program, ExxonMobil develops and supports other math and science programs, aimed at students and teachers including the National Math and Science Initiative, ExxonMobil Bernard Harris Summer Science Camps, Mickelson ExxonMobil Teachers Academy, Introduce a Girl to Engineering Day, among others. Significant emphasis is also placed on increasing student involvement in the welfare of their communities through the Community Summer Jobs Program and Green Team.

ExxonMobil press release

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