ExxonMobil And Employees Donate more than $47 Million To U.S. Colleges And Universities

ExxonMobil And Employees Donate more than $47 Million To U.S. Colleges And Universities

Close to 900 educational institutions to receive funds from a program that triple matches employee donations.

ExxonMobil3

IRVING, Texas — ExxonMobil and its employees are donating $47.1 million to institutions of higher education across the country as part of the ExxonMobil Foundation’s 2014 Educational Matching Gift Program, an increase of $3.1 million over the prior year.

ExxonMobil employees, retirees, directors and surviving spouses contributed $15.5 million, which was matched with $31.6 million in unrestricted grants from the ExxonMobil Foundation.

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 $568 million have been donated to American institutions of higher learning.

“ExxonMobil employees care about education and make it an investment priority year after year,” said Suzanne McCarron, president of the ExxonMobil Foundation. “We are proud that the ExxonMobil Foundation has such a long and solid record in working to support education in the United States. Commitment to excellent education is not only important to our business, but also ensuring the next generation is prepared to excel in the future.”

In 2014, 4,674 employees and retirees made 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.

About the ExxonMobil Foundation

The ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation (NYSE:XOM) in the United States. The foundation and the corporation engage in a range of philanthropic activities that advance education, with a focus on math and science in the United States, promote women as catalysts for economic development and combat malaria. In 2014, together with its employees and retirees, Exxon Mobil Corporation, its divisions and affiliates, and the ExxonMobil Foundation provided $279 million in contributions worldwide, of which $95 million was dedicated to education. Additional information on ExxonMobil’s community partnerships and contribution programs is available at www.exxonmobil.com/community.

You May Also Like

Schaeffler Launches Facebook Follower Promotion

Schaeffler is giving away a summer swag bag to celebrate reaching 10,000 followers.

Schaeffler Group USA announced the launch of its Schaeffler Fun-in-the Sun 10K Follower Facebook Giveaway. The promotion celebrates the latest milestone for the Schaeffler REPXPERT USA & CAN Facebook page: reaching 10,000 followers.

During the promotion, which continues through June 20, 2024, Schaeffler followers can earn a summer swag bundle filled with promotional items by liking the giveaway post, tagging three people in the comments and following the Facebook page, the company said.

Schaeffler Recognized as a GM 2023 Top Global Supplier

This is the fourth time Schaeffler has been honored with this award.

What’s Next For Aftermarket Distribution?

Despite ongoing consolidation, experts say there is still a viable future for independent distributors.

Schaeffler, ATSG Partner to Support Technical Education

Schaeffler will provide ATSG members with ongoing education and technical resources.

What the Future Holds for the Aftermarket at AAPEX 2024

Attending AAPEX provides automotive professionals with the latest insights and innovations from industry leaders.

Other Posts

Schaeffler Releases TorCon 6L80 Torque Converter

The LuK TorCon 6L80 is “the only all-new, never remanufactured torque converter available in the aftermarket,” Schaeffler said.

Advance Announces Merchandising Leadership Changes

Bruce Starnes, new executive vice president, chief merchant, takes over for the retiring Ken Bush.

LKQ Publishes Global Sustainability Report

LKQ’s reports efforts to drive sustainable success for customers, employees and local communities.

5 Minutes With: Matt Crumpton, NAPA

Crumpton is director of program development for Auto Care/AAA/Autotech at NAPA.