ExxonMobil, employees, retirees donate more than $36 million to colleges & universities

by PegNews wire

IRVING — ExxonMobil announced today that the company and its employees have donated more than $36 million to 930 colleges and universities across the United States through the ExxonMobil Foundation’s 2007 Educational Matching Gift Program.

The employees, retirees, surviving spouses and directors made more than 9,200 individual contributions totaling almost $11 million to institutions of higher education in 2007, which was matched by the ExxonMobil Foundation with more than $25 million in unrestricted educational grants.

The Educational Matching Gift Program is one of the most generous of its kind in the United States, matching gifts to affiliated higher education institutions by employees and retirees on a 3-to-1 basis. Since its inception in 1962, the program has provided more than $372 million to higher education in the United States.

“For more than 40 years ExxonMobil’s employees and retirees have demonstrated their commitment to institutions of higher education through their generous contributions through the Educational Matching Gift Program,” said Kenneth P. Cohen, vice president for public affairs, Exxon Mobil Corporation, and chairman, ExxonMobil Foundation. “These donations provide universities throughout the nation an opportunity to enhance their current educational programs and to achieve new levels of excellence.”

Source: ExxonMobil