* 86 educational institutions in New York to receive funds from a program that
matches employee donations
* More than $500 million donated to institutions across the nation since program
began in 1962
* Recipient organizations encouraged to support math and science initiatives
IRVING, Texas--(Business Wire)--
ExxonMobil and its employees are donating $2.9 million to higher education
institutions across New Yorkas part of the ExxonMobil Foundation`s 2012
Educational Matching Gift Program.
ExxonMobil Foundation contributed unrestricted grants of $2.1 million to match
donations of more than $790,000 from employees, retirees, directors and
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 $500 million has been
donated to institutions of higher learning.
"ExxonMobil employees have a history of giving back through both their
volunteerism and philanthropy. The corporation and Foundation share that
philosophy and are proud to join them in their generous support," said Suzanne
McCarron, president of the ExxonMobil Foundation.
During 2012, 470 employees and retirees made individual donations to New
Yorkcolleges and universities. Although grants are unrestricted, recipients are
encouraged to designate a portion to math and science programs supporting
student engagement. Over the past 10 years, ExxonMobil and its employees have
given almost $30 million to universities and colleges in New York.
Nationwide, 871 institutions received $40.2 million through the 2012 Educational
Matching Gift Program.
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 math and science fields, as
well as teacher training initiatives.
About the ExxonMobil Foundation
The ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil
Corporation in the United States. The foundation and the corporation engage in a
range of philanthropic activities that advance education, health and science in
the communities where ExxonMobil has significant operations. In the United
States, ExxonMobil supports initiatives to improve math and science education at
the K-12 and higher education levels. In 2012, together with its employees and
retirees, Exxon Mobil Corporation (NYSE:XOM), its divisions and affiliates, and
the ExxonMobil Foundation provided $256 million in contributions worldwide, of
which $116 million was dedicated to education. www.exxonmobil.com/community.
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