ExxonMobil Foundation Makes Largest Matching Donation
The ExxonMobil Foundation has given a record $1.31 million to The University of Texas at Austin as a match of 353 unique gifts made by the company’s employees and retirees during the past calendar year.
The $1.31 million contribution is the largest the ExxonMobil Foundation made to any of the 871 institutions that participated in its matching gift program during the calendar year.
This total surpassed the record-breaking amount given to UT Austin during the previous year by 10 percent.
“Once again, ExxonMobil employees have set a record, not only with their generosity to UT but by making ours the largest gift to any institution this year,” says university president Bill Powers.
“We’re so grateful to ExxonMobil for the vote of confidence this represents,” Powers says. “From one great American institution to another, we say ‘thank you.’ ”
Including this year’s matching gift of $1,314,184, ExxonMobil and the ExxonMobil Foundation have given $54.96 million to the university, more than any other corporation.
Most of ExxonMobil’s philanthropy at UT benefits students and programs that promote science, technology, engineering, and mathematics (STEM) education and diversity in the workforce.
In addition to its matching gifts, the ExxonMobil Foundation’s recent philanthropic support of the university includes grants to the Migrant Student Graduation Enhancement Program; GeoFORCE Texas, which prepares high school students for geoscience careers; and UTeach Natural Sciences, which prepares secondary science, math, and computer science teachers.
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