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IRVING, Texas -- ExxonMobil Foundation's 2007 Educational Matching Gift Program donated $7.7 million to 79 colleges and universities in Texas.
The donation was made possible, in part, by ExxonMobil employees, retirees, surviving spouses and directors, who collectively contributed $2.2 million to Texas institutions of higher education last year, the company reported. ExxonMobil Foundation matched that offering with more than $5.5 million in unrestricted educational grants.
Since its inception in 1962, the generous 3-to-1 matching program has provided more than $372 million to higher education in the United States.
"For more than 40 years ExxonMobil's employees and retirees have demonstrated their commitment to institutions of higher education through their generous contributions with the Educational Matching Gift Program," Kenneth P. Cohen, vice president for public affairs, Exxon Mobil Corp., and chairman, ExxonMobil Foundation, said in a released statement.
In an effort to promote math and science programs, the Foundation encourages colleges and universities to allocate a portion of the donation to both students and teachers who focus on science and engineering fields.
"These donations provide universities throughout the nation an opportunity to enhance their current educational programs and to achieve new levels of excellence," Cohen said in a released statement.