ExxonMobil and Employees Donate $800,000 to Colorado Colleges and Universities
Nine educational institutions in Colorado receive funds from a program that matches employee donations
XTO Energy employees in Colorado participated in the matching program
More than $2.6 million donated to Colorado post-secondary institutions since 2008
DENVER--(BUSINESS WIRE)-- ExxonMobil and its employees, including those from XTO Energy, donated $807,743 to higher education institutions across Coloradoas part of the ExxonMobil Foundation's 2012 Educational Matching Gift Program.
ExxonMobil Foundation contributed unrestricted grants of $532,149 to match donations of nearly $275,594 from employees, retirees, directors and surviving spouses. This investment includes gifts from employees of XTO Energy Inc., an ExxonMobil subsidiary. XTO Energy has offices in Denver, Durango, Rifle and Trinidad and more than 250 employees in the state of Colorado.
Over the past five years, ExxonMobil and its employees have given more than $2.6 million to universities and colleges in Colorado.
The program matches donor pledges 3:1 up to $7,500 to qualified colleges and universities in the United States along with the American Indian College Fund, Hispanic Scholarship Fund and the United Negro College Fund. Since the Educational Matching Gift Program began in 1962, more than $500 million has been donated to institutions of higher learning.
"ExxonMobil employees have a history of giving back through both their volunteerism and philanthropy. The corporation and foundation share that philosophy and are proud to join them in their generous support," said Suzanne McCarron, president of the ExxonMobil Foundation.
Although grants are unrestricted, recipients are encouraged to designate a portion to math and science programs supporting student engagement.
Nationwide, 871 institutions received $40.2 million through the 2012 Educational Matching Gift Program.
In addition to the Educational Matching Gift Program, ExxonMobil and the ExxonMobil Foundation support and develop programs that encourage students, particularly women and minorities, toward careers in math and science fields, as well as teacher training initiatives.
About the ExxonMobil Foundation
The ExxonMobil Foundation is the primary philanthropic arm of 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. In 2012, together with its employees and retirees, Exxon Mobil Corporation (NYS: XOM) , its divisions and affiliates, and the ExxonMobil Foundation provided $256 million in contributions worldwide, of which $116 million was dedicated to education. www.exxonmobil.com/community.
About XTO Energy
XTO Energy Inc., a subsidiary of ExxonMobil, is a leading natural gas and oil producer in the U.S. with expertise in developing tight gas, shale gas, coal bed methane and unconventional oil resources. XTO has operations in all major U.S. producing regions. XTO has a reputation for efficient resource development, environmental stewardship and community involvement, with a particular commitment to building job readiness to meet the growing challenges and requirements of our domestic natural gas industry.
List of Colorado Recipients
American Indian College Fund
Colorado School of Mines
Colorado State University
University of Colorado
University of Denver
University of Northern Colorado
US Air Force Academy
Bill Holbrook, 303-397-3656
KEYWORDS: United States North America Colorado
The article ExxonMobil and Employees Donate $800,000 to Colorado Colleges and Universities originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.