Exxon Mobil Gives $1 Million to University of Texas

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Exxon Mobil Gives $1 Million to University of Texas

05/23/2010
IRVING, Texas -- Exxon Mobil Corp., its employees and retirees donated more than $1 million to The University of Texas, according to a report in the Austin Business Journal.
The oil giant matched staff gifts during the past year three-to-one, surpassing $1 million raised in one gift for the first time, according to an announcement this week.
Most of the money will benefit business, engineering and geosciences programs, as those most closely mirror ExxonMobil personnels' background, according to the report. Medical research, arts, humanities and other sectors also received smaller grants.
ExxonMobil is the Longhorns' largest corporate donor, giving a total $44 million since it started the matching program. The company also funded roughly $15 million worth in research grants. Exxon Chairman and CEO Rex W. Tillerson graduated from the University of Texas in 1975 with a bachelors in civil engineering.
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