New Jersey Universities to Receive $1 Million from ExxonMobil and Employees

More Than 25 Institutions to Benefit

Apr 20, 2009 - 02:00 PM EDT

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
XOM

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today announced that 29 universities and colleges across New Jersey are recipients of $1.07 million through the ExxonMobil Foundation’s 2008 Educational Matching Gift Program.

Since its inception in 1962, the program has provided $398 million to higher education institutions in the United States. Through the matching program, donors may pledge up to $7,500 per year to colleges or universities with which they are affiliated, the American Indian College Foundation, the Hispanic Scholarship Foundation and the United Negro College Fund. Donations are matched on a 3-to-1 basis.

“These donations are a remarkable testament to the value ExxonMobil employees place on higher education,” said Kenneth P. Cohen, vice president for public affairs and chairman, ExxonMobil Foundation. “We’re investing in the future, campus by campus, by providing these much needed dollars for colleges and universities to increase their level of excellence.”

ExxonMobil Foundation funds math and science programs to respond to the nation’s growing need to produce more engineers and scientists and to develop more highly qualified math and science teachers. Although matching funds are unrestricted, the Foundation is encouraging college and university presidents to direct a portion of the matching funds to programs that provide math and science teachers with professional development, attract more young people to teach math and science, and support programs that encourage women and minorities to become scientists and engineers.

ExxonMobil Foundation is the primary philanthropic arm of the 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.

Globally, ExxonMobil provides funding to improve basic education and combat malaria and other infectious diseases in developing countries. In 2008, together with its employees and retirees, Exxon Mobil Corporation, its divisions and affiliates, and ExxonMobil Foundation provided $225 million in contributions worldwide, of which more than $89 million was dedicated to education. Additional information on ExxonMobil’s community partnerships and contributions programs is available at www.exxonmobil.com/community.

New Jersey Colleges and Universities

Bloomfield College   Bloomfield
Caldwell College Caldwell
Centenary College Hackettstown
College of New Jersey Ewing
College of Saint Elizabeth Morristown
County College of Morris Randolph
Drew University Madison
Fairleigh Dickinson University Teaneck
Georgian Court College Lakewood

Kean University Foundation Inc.

Union
Middlesex County College NJ Edison
Monmouth University West Long Branch
Montclair State University Montclair
New Jersey City University Jersey City
New Jersey Institute of Technology Newark
Princeton University Princeton
Rabbinical College of America Morristown
Raritan Valley Community College Somerville
Rider University Lawrenceville
Rowan University Foundation Glassboro
Rutgers University New Brunswick

Saint Peter's College

Jersey City
Seton Hall University South Orange
Stevens Institute of Technology Hoboken
The Douglass Fund New Brunswick

Thomas Edison State College

Trenton
Union County College Cranford
University of Medicine and Dentistry of NJ New Brunswick
William Paterson University Wayne

Contact:

For ExxonMobil Foundation
Kim Quirk, 214-373-1601