The University of Texas-Pan American was one of 80 colleges and universities in Texas which recently received a donation from ExxonMobil through the ExxonMobil Foundation's 2004 Educational Matching Gift Program.
UTPA received a total of two monetary donations by ExxonMobil employees, retirees, surviving spouses and/or directors totaling $1,500. After ExxonMobil matched it 3-1 ($4,500), the total amount donated the University reached $6,000.
More than $5.1 million has been donated to 80 colleges and universities in Texas through the gift matching program. ExxonMobil employees, retirees, surviving spouses and directors contributed $1.4 million to Texas institutions of higher education in 2004, which was matched by the ExxonMobil Foundation with $3.7 million in unrestricted educational grants.
Initiated in 1962, the ExxonMobil Foundation's Educational Matching Gift Program matches gifts to higher education on a 3-to-1 basis and has provided more than $301 million to higher education in the United States. This year, the program's combined contributions provided 932 colleges and universities across the country with more than $26 million. Individual donations totaled $7.7 million, and the ExxonMobil Foundation matched that number with an additional $18.6 million.
"Supporting education initiatives is of the highest priority to ExxonMobil and our employees," said Kenneth P. Cohen, vice president for public affairs of the Exxon Mobil Corporation and chairman of the ExxonMobil Foundation. "This commitment is demonstrated through our matching gift program which provides funds to educational institutions for improvements and the advancement of learning opportunities. We commend ExxonMobil employees for their generous contributions and their support of higher education."
Under the ExxonMobil Foundation's 2004 Educational Matching Gift Program a donor could give up to $5,000 a year to colleges and universities with which he or she is affiliated, and the Foundation matched those gifts on a 3-to-1 basis up to $15,000. The affiliation requirement is waived for gifts to the United Negro College Fund, the Hispanic Scholarship Fund, and the American Indian College Fund. In response to the program's tremendous support and success, ExxonMobil has increased the amount per donor to $7,500 starting with 2005 donations.
ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation in the United States. In 2004, ExxonMobil Foundation, Exxon Mobil Corporation, and its divisions and affiliates provided $106.5 million in contributions worldwide, with more than $40 million dedicated to education.