Exxon Donates $1M to United Negro College Fund

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Exxon Donates $1M to United Negro College Fund

IRVING, Texas -- The ExxonMobil Foundation donated $1 million to the United Negro College Fund (UNCF) to support the organizations efforts to increase minority degree attainment by reducing the financial barriers of college.

The contribution was made at the UNCF's 63rd Annual Awards Dinner in New York last week, where ExxonMobil was the presenting sponsor. The dinner raised $2.6 million in support of the UNCF.

"ExxonMobil has been a long time supporter of UNCF, and we are proud to recognize their ongoing commitment to breaking barriers and improving opportunities for young men and women to obtain their education," said Rex Tillerson, chairman and CEO of Exxon Mobil Corp. "A mind is a terrible thing to waste, and a wonderful thing to save. UNCF has helped save minds, and it is because of this dedication that we are pleased to present this gift of $1 million to UNCF, so that they may continue aiding deserving minority students in the quest to achieve their goals."

The Annual Awards Dinner presented former Presidents George H.W. Bush and William J. Clinton with UNCF's highest honor, The Frederick D. Patterson Award. The award is given to individuals and corporations that have demonstrated an extraordinary commitment to the expansion of educational opportunities to deserving young men and women.

"On behalf of the thousands of young men and women who will be able to go to college because of ExxonMobil's support, I want to express our gratitude," said Michael L. Lomax, Ph.D., UNCF's president and CEO. "Thanks to ExxonMobil, thousands of students will get their college degrees and launch the kinds of careers -- as doctors, scientists, computer software designers and medical researchers -- that every community and the national economy need many more of."