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ExxonMobil And Employees Donate More Than $2.5 Million To Institutions Across Louisiana

Stocks in this article: XOM

ExxonMobil and its employees donated more than $38 million to 924 educational institutions across the United States through the ExxonMobil Foundation’s 2010 Educational Matching Gift Program.

ExxonMobil employees, retirees, directors and surviving spouses contributed more than $12 million, which was matched with more than $26 million in unrestricted grants from the ExxonMobil Foundation.

The program’s 3:1 match is the most generous initiative of its kind and matches donor pledges up to $7,500 to qualified colleges, universities and designated organizations in the United States as well as the American Indian College Fund, Hispanic Scholarship Fund and the United Negro College Fund. Since the program’s inception in 1962, more than $449 million has been donated to institutions of higher learning.

“The ExxonMobil Foundation has a long legacy of supporting education through program development, strategic partnerships and financial assistance,” said Suzanne McCarron, president of the ExxonMobil Foundation. “We are proud to build upon the generous support of ExxonMobil employees who are committed to investing in the educational future of our country.”

In 2010, 340 employees and retirees made individual donations through the initiative in Louisiana. Although grant funds are unrestricted, colleges and universities are encouraged to direct a portion to math and science programs to support more student engagement and progress in these subjects.

ExxonMobil and the ExxonMobil Foundation develop and support programs that encourage students to develop a keen interest in careers in the math and science fields, specifically promoting the involvement of women and minorities, as well as initiatives to improve effectiveness of teachers. In addition to providing funds through its Matching Gifts Program, signature education efforts include the National Math and Science Initiative, ExxonMobil Bernard Harris Summer Science Camps and Mickelson ExxonMobil Teachers Academy, among others.

List of Recipient Universities and Locations

Centenary College of Louisiana Shreveport
Dillard University New Orleans
Grambling State University Grambling
Louisiana College Pineville
Louisiana State University Baton Rouge
Louisiana State University Health Sciences Center New Orleans
Louisiana State University In Shreveport Shreveport
Louisiana Tech University Ruston
Loyola University New Orleans New Orleans
Nicholls State University Thibodaux
Northwestern State University Natchitoches
Southeastern Louisiana University Hammond
Southern University Baton Rouge
Saint Joseph Seminary College Saint Benedict
Tulane University New Orleans
University of Louisiana at Lafayette Lafayette
University of Louisiana at Monroe Monroe
University of New Orleans New Orleans
Xavier University of Louisiana New Orleans

About ExxonMobil Foundation

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.

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