ExxonMobil Donates $22.5 Million to Schools

IRVING, Texas -- ExxonMobil has donated more than $22.5 million to 921 colleges and universities across the United States through the ExxonMobil Foundation's 2003 Educational Matching Gift Program. ExxonMobil employees, retirees, surviving spouses and directors made more than 8,000 individual contributions totaling $6.4 million to institutions of higher education in 2003, which was matched by the ExxonMobil Foundation with more than $16.1 million in unrestricted educational grants.

Initiated in 1962, the ExxonMobil Foundation's Educational Matching Gift program matches gifts to higher education on a 3-to-1 basis and has provided more than $282.95 million to higher education in the United States.

"We at ExxonMobil are proud of the commitment that our employees have displayed through their generous contributions to institutions of higher education through the Educational Matching Gift Program," said Kenneth P. Cohen, vice president for public affairs, Exxon Mobil Corp., and chairman, ExxonMobil Foundation. "ExxonMobil and our employees remain dedicated to supporting the many institutions of higher education that enrich our nation."

Under the ExxonMobil Foundation's Educational Matching Gift Program, a donor can give up to $5,000 a year to colleges and universities with which he or she is affiliated and the Foundation matches those gifts on a 3-to-1 basis up to $15,000. The affiliate requirement is waived for gifts to the United Negro College Fund, the Hispanic Scholarship Fund and the American Indian College Fund.

ExxonMobil Foundation is the primary philanthropic arm of the Exxon Mobil Corp. in the United States. The Foundation focuses on the communities where Exxon Mobil Corp. has significant operations. In addition, the Foundation supports research and dissemination on selected topics of national interest to the energy industry. Focus areas include education, health and environment.