ExxonMobil employees, retirees, surviving spouses and directors contributed nearly $142,000 to North Carolina institutions of higher education in 2004, which was matched by the ExxonMobil Foundation with $418,000 in unrestricted educational grants.
Initiated in 1962, the ExxonMobil Foundation’s Educa-tional Matching Gift Program matches gifts to higher education on a 3-to-1 basis and has provided more than $301 million to higher education in the United States.
“Supporting education initiatives is of the highest priority to ExxonMobil and our employees,” said Kenneth P. Cohen, vice president for public affairs, Exxon Mobil Corp. and chairman, ExxonMobil Foundation. “This commitment is demonstrated through our matching gift program which provides funds to educational institutions for improvements and the advancement of learning opportunities.
“We commend ExxonMobil employees for their generous contributions and their support of higher education.”
Under the ExxonMobil Foundation’s 2004 Educational Matching Gift Program, a donor could give up to $5,000 a year to colleges and universities with which he or she is affiliated, and the foundation matched those gifts on a 3-to-1 basis up to $15,000. The affiliation requirement is waived for gifts to the United Negro College Fund, the Hispanic Scholarship Fund and the American Indian College Fund.
In response to the program’s tremendous support and success, ExxonMobil has increased the amount per donor to $7,500 starting with 2005 donations.
ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corp. in the United States.
