ExxonMobil donates $9.7 M to education
- Business & Finance
ExxonMobil and its employees are donating $9.7 million to higher education institutions across Texas as part of the ExxonMobil Foundation’s 2013 Educational Matching Gift Program.
The program matches donor pledges 3:1 up to $7,500 to qualified colleges and universities in the United States, along with the American Indian College Fund, Hispanic Scholarship Fund and the United Negro College Fund. Since the Educational Matching Gift Program began in 1962, more than $536 million have been donated to American institutions of higher learning.
“The ExxonMobil Foundation has a long history of supporting a range of efforts to improve the quality of education in the United States,” said Suzanne McCarron, president of the ExxonMobil Foundation. “We are proud to build upon the generous support of ExxonMobil employees who are committed to investing in the future of young Americans and supporting institutions of higher learning.”
Nationwide, close to 900 institutions received $44 million through the 2013 Educational Matching Gift Program, a 10 percent increase over the prior year.
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.