Oil Patch Bits: ExxonMobil and employees donate $36 million
ExxonMobil said April 22 that along with its employees it has made donations of more than $36 million to a total of 911 educational institutions across the U.S. through the ExxonMobil Foundation’s 2009 Educational Matching Gift Program. The ExxonMobil employees, retirees, surviving spouses and directors made more than 8,300 individual contributions totaling $11 million to institutions of higher education across the U.S. The ExxonMobil Foundation matched those donations with more than $25 million in unrestricted educational grants. The ExxonMobil Educational Matching Gift Program is one of the most generous of its kind in the U.S., matching donations made to affiliated higher education institutions by employees and retirees on a 3-to-1 basis, providing more than $423 million since the program’s inception in 1962. Individual donors may pledge up to $7,500 per year to colleges or universities with which they are affiliated or to the American Indian College Fund, the Hispanic Scholarship Fund and the United Negro College Fund. For more information visit www.exxonmobil.com/community.
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