Virginia Universities to Receive $1.2 Million from ExxonMobil and Employees

More Than 30 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 35 universities and colleges across Virginia are recipients of $1.20 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.

Virginia Colleges and Universities

Bluefield College   Bluefield
Bridgewater College Bridgewater
Christopher Newport University Newport News
College of William and Mary Williamsburg
George Mason University Fairfax
Hampden Sydney College Hampden Sydney
Hollins College Roanoke
James Madison University Harrisonburg
Longwood University Foundation Inc Farmville
Lynchburg College Lynchburg
Mary Baldwin College Staunton
Marymount University Arlington
Norfolk State University Norfolk
Northern Virginia Community College Educational Foundation Inc Annandale
Old Dominion University Norfolk
Patrick Henry College Purcellville
Radford University Radford
Randolph College Lynchburg
Randolph-Macon College Ashland
Roanoke College Salem
Southern Virginia University Buena Vista
Sweet Briar College Sweet Briar
The Darden School Charlottesville
United Negro College Fund Fairfax
University of Mary Washington Fredericksburg
University of Richmond Richmond
University of Virginia Charlottesville
Virginia Commonwealth University Richmond
Virginia Intermont College Bristol
Virginia Military Institute Lexington
Virginia State University Foundation Petersburg
Virginia Tech Foundation Blacksburg
Virginia Wesleyan College Norfolk
Washington & Lee University Lexington
Wytheville Community College Wytheville

Contact:

For ExxonMobil Foundation
Kim Quirk, 214-373-1601