ExxonMobil Foundation Awarded $50 Million for Higher Education in 2016

ExxonMobil has announced more than $50 million in contributions to higher education institutions in the United States as part of the ExxonMobil Foundation's educational matching gift program.

Gifts from the company's employees, retirees, directors, and surviving spouses in 2016 totaled $17.5 million, which was matched by $32.6 million in unrestricted grants from the ExxonMobil Foundation to more than eight hundred and fifty, colleges, and organizations dedicated to higher education. The energy giant's program matches donor pledges on a three-to-one basis up to $7,500 to qualified colleges and universities in the United States, as well as the American Indian College Fund, the Hispanic Scholarship Fund, and the United Negro College Fund.

"ExxonMobil's employees are committed to investing in quality education," said ExxonMobil Foundation president Ben Soraci. "The ExxonMobil Foundation has a long history of supporting a range of efforts to improve education in the United States. Our contributions and the generous support of ExxonMobil's employees will help create a stronger future for today’s students."