CSR Press Release

ExxonMobil Foundation announced today that is has contributed more than $16 million in unrestricted grants to 882 colleges and universities in 2000. For the fifth consecutive year, ExxonMobil Foundation's contribution is the nation's largest matching gift program in support of higher education.

Established in 1955, ExxonMobil Foundation has provided more than $520 million in support of American education. Initiated in 1962, the Educational Matching Gift Program encourages employees, retirees, surviving spouses, and directors to contribute to higher education by matching their gifts on a 3-to-1 basis.

"ExxonMobil employees take pride in contributing to their colleges and universities across the country," said Edward F. Ahnert, ExxonMobil Foundation president. "The Foundation recognizes the impact these contributions have on institutions and affirms its strong commitment to academic excellence by providing a 3-to-1 match."

Under the 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 affiliation requirement is waived for gifts to the United Negro College Fund, the Hispanic Scholarship Fund and the American Indian College Fund.

ExxonMobil Foundation's principal areas of interest in education are: K-12 science education; mathematics education with an emphasis on K-3; the restructuring of elementary and secondary education; reform of undergraduate science, technology, engineering and mathematics education; and increasing opportunities for minorities. Through its unique, hands-on approach, the ExxonMobil Foundation has played a significant role in the education reform movement in the United States.

In addition to education, ExxonMobil Foundation supports programs in the environment, public information and policy research, united appeals, health, civic and community service, minority and women services, and the arts. In 1999, ExxonMobil's worldwide giving, including corporate and foundation grants, totaled more than $92 million.

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