ExxonMobil and Chevron Make Million Dollar Donations

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ExxonMobil and Chevron Make Million Dollar Donations

IRVING, Texas -- ExxonMobil Foundation's 2007 Educational Matching Gift Program raised more than $2.5 for 19 colleges and universities in Louisiana.

Since its inception in 1962, the program has matched gifts to affiliated higher education institutions by employees and retirees on a 3-to-1 basis. Last year, ExxonMobil employees, retirees, surviving spouses and directors contributed more than $900,000 to Louisiana institutions of higher education, an amount matched by the ExxonMobil Foundation with $1.6 million in unrestricted educational grants.

"For more than 40 years ExxonMobil's employees and retirees have demonstrated their commitment to institutions of higher education through their generous contributions through the Educational Matching Gift Program," Kenneth P. Cohen, vice president for public affairs for Exxon Mobil Corp. and chairman of the ExxonMobil Foundation, said in a released statement.

To date, the program has provided more than $372 million to higher education in the United States. Funds raised support math and science programs, a response to the nation's growing need to produce more engineers and scientists and to develop more highly qualified math and science teachers. To this end, the Foundation encourages college and university presidents to allocate a portion of the unrestricted matching funds to existing or new programs which provide teachers with professional development opportunities, train new math and science teachers, and support women and minority science and engineering programs, Cohen noted.

"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.

In other news, Chevron Corp. announced it contributed $2 million to provide assistance to those affected by the recent devastating cyclone in Myanmar, which took place on May 2, 2008. Half of the donation was pledged to the International Federation of the Red Cross, while the balance will be distributed to the International Organization for Migration, Mercy Corps, Pact and Save the Children.

"We share the concerns of the global community for the welfare of those affected by this terrible tragedy," Chevron vice chairman, Peter Robertson, said in a released statement. "We are pleased to partner with these aid agencies to provide immediate help to victims of the cyclone."

Jim Blackwell, of Chevron Asia Pacific exploration and production, said in a released statement, "Chevron's contribution represents our commitment to the people of Myanmar. This direct aid is intended to help relieve the suffering of those in the hardest hit areas."