ExxonMobil and Its Employees Contribute More Than $22.4 Million to Institutions of Higher Education.Energy Editors/Business Editors/Education Writers IRVING, Texas--(BUSINESS WIRE)--April 17, 2003 More Than 900 Colleges and Universities to Receive Funding Through Educational Matching Gift Program ExxonMobil announced today that more than $22.4 million has been donated to more than 900 colleges and universities through the ExxonMobil Foundation's 2002 Educational Matching Gifts Program. ExxonMobil employees, retirees, surviving spouses and directors contributed more than $6.1 million to institutions of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. in 2002, which was matched by the ExxonMobil Foundation with more than $16.2 million in unrestricted educational grants. Initiated in 1962, the ExxonMobil Foundation's Educational Matching Gift program matches gifts to higher education on a 3-to-1 basis and has provided more than $266 million in gifts to higher education in the United States Higher education in the United States refers to colleges and universities within the United States. Overview The American university system, like the American educational system in general, is highly decentralized because the U.S. . "We are proud that ExxonMobil employees have remained steadfast in their commitment to higher education by donating nearly as much to their colleges and universities as they did last year, despite the difficult economic times we are all facing," said Kenneth P. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , vice president for public affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. , Exxon Mobil Corporation Exxon Mobil Corporation U.S.-based oil and gas company formed in 1999 through the merger of Exxon Corp. and Mobil Corp. It has investments and operations in petroleum and natural gas, coal, nuclear fuels, chemicals, and ores. , and chairman, ExxonMobil Foundation. "We applaud and honor that commitment at ExxonMobil with a 3-to-1 match, the largest educational matching gift program in the country. We feel the combined efforts of the people of ExxonMobil and the ExxonMobil Foundation truly define our collective dedication to education." Under the ExxonMobil Foundation's Educational Matching Gift Program, a donor can give up to $5,000 a year to colleges and universities with which he or she is affiliated and the Foundation matches those gifts on a 3-to-1 basis up to $15,000. The affiliate requirement is waived for gifts to the United Negro College Fund The United Negro College Fund (UNCF) is a Fairfax, Virginia-based American philanthropic organization that fundraises college tuition money for African-American students and general scholarship funds for 39 historically black colleges and universities. , the Hispanic Scholarship Fund, and the American Indian American Indian or Native American or Amerindian or indigenous American Any member of the various aboriginal peoples of the Western Hemisphere, with the exception of the Eskimos (Inuit) and the Aleuts. College Fund. ExxonMobil Foundation is the primary philanthropic arm of the Exxon Mobil Corporation in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Foundation engages in a broad range of philanthropic activities focusing on the communities where Exxon Mobil Corporation has significant operations. In addition, the Foundation supports research and dissemination on selected topics of national interest to the energy industry. Focus areas include education, health and environment. In 2002, ExxonMobil Foundation, Exxon Mobil Corporation, and its divisions and affiliates provided $98 million in contributions worldwide, with more than $41 million dedicated to education. |
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