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ExxonMobil Foundation Makes Record Matching Donation

Giving News

The ExxonMobil Foundation has given a record $1.19 million to The University of Texas at Austin as a match of gifts made by the company’s employees and retirees during the past calendar year. The donation is the largest matching gift the university has ever received and the largest the foundation gave to any institution for 2011.

Preparing future engineers for professions in energy-related fields

With the support of the ExxonMobil Foundation, the Department of Petroleum & Geosystems Engineering leads the nation in preparing future engineers for professions in energy-related fields.

“The ExxonMobil Foundation is a key partner for excellence at UT,” says Bill Powers, president of the university, who accepted this year’s ceremonial check at an event honoring the foundation’s contribution. “ExxonMobil’s employees and retirees and the foundation’s generous matching funds have made a huge difference on our campus.”

Including this year’s matching gift of $1,190,993.25 — the foundation’s largest by more than $100,000 — ExxonMobil and the ExxonMobil Foundation have given the university $50.5 million, more than any other corporation, through a range of programs over 36 years.

UTeach Natural Sciences

UTeach Natural Sciences, a new way to prepare secondary science, math, and computer science teachers, is another ExxonMobil beneficiary.

A majority of ExxonMobil’s UT philanthropy benefits students and programs in areas that reflect the diverse backgrounds of the company’s personnel.

“We’re proud to be helping educate the energy industry’s future workforce in areas ranging from engineering, geosciences, and natural sciences to business, law, and public affairs,” Powers says.

In addition to its matching gifts, the ExxonMobil Foundation’s recent philanthropic support of the university includes grants to the Migrant Student Graduation Enhancement ProgramGeoFORCE 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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