Exxon Mobil pumps another $1.5 million into UT programs

May 2, 2014
Austin Business Journal

The Exxon Mobil Foundation has donated nearly $1.5 million to The University of Texas at Austin as part of its annual program matching contribution of $3 for every dollar that Exxon Mobil Corp. employees and retirees made to UT during the past year


The check for $1.45 million, handed over to UT officials in April, marks the largest contribution the foundation made to any university that participated in its 2013 Educational Matching Gift Program. The UT gifts were part of $9.7 million in gifts to Texas institutions of higher learning by Exxon Mobile employees and retirees


Since the program’s inception, the foundation arm of Irving, Texas-based Exxon Mobil (NYSE: XOM) has given more than $56 million to UT. Most of the company’s grants are directed toward programs that promote science, technology, engineering and mathematics , or STEM, programs and diversity in the workforce


Also in April, UT's Cockrell School of Engineering received a $5 million pledge from Rex Tillerson, Exxon Mobil's chairman and CEO, and his wife, Renda, to help fund the school’s new Engineering Education and Research Center


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