- 34 institutions of higher learning in New Jersey receive funds from 3:1 Educational Matching Gift Program
- Recipient organizations encouraged to support math and science initiatives
Public Company Information:
IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees contributed more than $1.2 million to institutions of higher education across New Jersey as part of the ExxonMobil Foundation’s 2016 Educational Matching Gift Program.
ExxonMobil employees, retirees, directors and surviving spouses contributed $323,000 to 34 New Jersey colleges and universities, which was matched by more than $898,000 in unrestricted grants from the ExxonMobil Foundation. Although grants are unrestricted, colleges and universities are encouraged to designate a portion to math and science programs supporting student engagement.
ExxonMobil’s program matches donor pledges on a 3:1 basis up to $7,500 to qualified colleges and universities in the United States, as well as the American Indian College Fund, Hispanic Scholarship Fund and the United Negro College Fund. More than $630 million has been contributed to such American institutions over the more than 50 years the company has offered the Educational Matching Gift Program.
“ExxonMobil’s employees are committed to investing in quality education,” said Ben Soraci, president of the ExxonMobil Foundation. “The ExxonMobil Foundation has a long history of supporting a range of efforts to improve education in the United States. We hope our contributions and the generous support of ExxonMobil’s employees will help create a stronger future for today’s students.”
Nationwide, more than 850 institutions received more than $50 million through the 2016 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 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 advancing education, with a focus on math and science in the United States, promoting women as catalysts for economic development and combating malaria. In 2016, together with its employees and retirees, Exxon Mobil Corporation, its divisions and affiliates, and the ExxonMobil Foundation provided $242 million in contributions worldwide, of which $72 million was dedicated to education.
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