ExxonMobil Foundation Donates Over $410,000 to Florida Colleges and Universities

Strategic Insights -

ExxonMobil's dedication to higher education in Florida was evident in 2005, as the ExxonMobil Foundation's Educational Matching Gift Program donated over $410,000 to 19 colleges and universities in the state. The program, initiated in 1962, matches gifts to higher education on a 3-to-1 basis and has provided more than $323 million to higher education in the United States. ExxonMobil employees, retirees, and directors contributed over $125,000, which was matched by the ExxonMobil Foundation with $285,600 in unrestricted educational grants.

Key Takeaways:

  • The ExxonMobil Foundation's Educational Matching Gift Program has provided over $323 million to higher education in the United States since its inception in 1962.
  • In 2005, the program's combined contributions provided 908 colleges and universities across the country with over $30 million.
  • Individual donations totaled $9 million, and the ExxonMobil Foundation matched that number with an additional $21 million.
  • The program matches gifts to higher education on a 3-to-1 basis and has a donor cap of $7,500 per year, with a matching cap of up to $22,500.
  • The ExxonMobil Foundation engages in a broad range of philanthropic activities, focusing on education, health, and environment.
  • In 2005, ExxonMobil and its affiliates provided $133 million in contributions worldwide, with $42 million dedicated to education.

Statistics:

  • Over $410,000 was donated to 19 colleges and universities in Florida through the ExxonMobil Foundation's 2005 Educational Matching Gift Program.
  • The program has provided over $323 million to higher education in the United States since its inception.
  • $125,000 was contributed by ExxonMobil employees, retirees, and directors towards the Educational Matching Gift Program in 2005.
  • $285,600 was matched by the ExxonMobil Foundation in unrestricted educational grants.
  • 908 colleges and universities received over $30 million in combined contributions through the program in 2005.
  • Individual donations totaled $9 million, matched by the ExxonMobil Foundation with an additional $21 million.
  • The ExxonMobil Foundation matched gifts on a 3-to-1 basis in 2005, resulting in a total of $30 million in funding.
  • ExxonMobil and its affiliates provided $133 million in contributions worldwide in 2005, with $42 million dedicated to education.

Sources:

  • ExxonMobil Corporation
  • ExxonMobil Foundation
  • American Indian College Fund
  • Hispanic Scholarship Fund
  • United Negro College Fund