ExxonMobil, employees contribute more than $50 mn education in US

ExxonMobil, employees contribute more than $50 mn for education in US

5:57 AM, 9th May 2017
ExxonMobil logo

IRVING, US: ExxonMobil Corporation said that as part of the ExxonMobil Foundation’s 2016 educational matching gift program the company and its employees has contributed more than $50 million to institutions of higher education across US.

Employees, retirees, directors and surviving spouses contributed $17.5 million, which was matched with $32.6 million in unrestricted grants from the ExxonMobil Foundation to more than 850 universities, colleges and organisations dedicated to higher education.

ExxonMobil’s program matches donor pledges on a 3:1 basis up to $7,500 to qualified colleges and universities in US, as well as the American Indian College Fund, Hispanic Scholarship Fund and the United Negro College Fund. More than $630 million has been contributed to such American institutions over the more than 50 years the company has offered the educational matching gift program.

In 2016, nearly 4,500 employees and retirees provided individual donations through the initiative. Although grants are unrestricted, colleges and universities are encouraged to designate a portion to math and science programs supporting student engagement.

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 science, technology, engineering and math, as well as teacher training initiatives.

“ExxonMobil’s employees are committed to investing in quality education. The ExxonMobil Foundation has a long history of supporting a range of efforts to improve education in US. Our contributions and the generous support of ExxonMobil’s employees will help create a stronger future for today’s students,” said Ben Soraci, president of the ExxonMobil Foundation.

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