34 New Jersey Institutions to receive Educational Matching Gift Grant
29 Apr '08
2 min read
ExxonMobil announced that more than $1.2 million has been donated to 34 colleges and universities in New Jersey through the ExxonMobil Foundation's 2007 Educational Matching Gift Program.
ExxonMobil employees, retirees, surviving spouses and directors contributed more than $300,000 to New Jersey institutions of higher education in 2007, which was matched by the ExxonMobil Foundation with $900,000 in unrestricted educational grants.
The Educational Matching Gift Program is one of the most generous of its kind in the United States, matching gifts to affiliated higher education institutions by employees and retirees on a 3-to-1 basis. Since its inception in 1962, the program has provided more than $372 million to higher education in the United States.
ExxonMobil Foundation funds math and science programs to respond to the nation's growing need to produce more engineers and scientists and to develop more highly qualified math and science teachers.
To assist with these efforts, the Foundation is encouraging college and university presidents to allocate a portion of the unrestricted matching funds to existing or new programs which provide teachers with professional development opportunities, train new math and science teachers, and support women and minority science and engineering programs.
“For more than 40 years ExxonMobil's employees and retirees have demonstrated their commitment to institutions of higher education through their generous contributions through the Educational Matching Gift Program,” said Kenneth P. Cohen, vice president for public affairs, Exxon Mobil Corporation, and chairman, ExxonMobil Foundation.
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