ExxonMobil gives $150K for higher edPosted July 12, 2011
Over the past 45 years, the ExxonMobil Foundation has given ACU more than $3.8 million in matching gifts. This year, ACU received a grant check for $146,038.62.
Each year, ExxonMobil employees, retirees and surviving spouses can participate in the Foundation's Educational Matching Gift Program, which matches donations at up to a 3-to-1 rate. The donations target math and science programs to address the growing need for more engineers and scientists in the U.S.
"The ACU community is grateful for the generous matching gift from Exxon," says Phil Boone, ACU's vice president for Advancement. "We appreciate Exxon for setting the highest standard in challenging their current and retired employees to give back to those who have helped shape their lives."
Boone (in photo on left) accepted Exxon's check from Walt Buchholtz (right), father of ACU senior exercise science major, Kristen Buchholtz. The two are pictured at the check ceremony.
ACU is one of more than 900 colleges and universities that benefit from this program. Employees donated $12.5 million this year, and the Foundation matched it with grants totaling $26.2 million to institutions of higher education all over the U.S.
Learn more about the ExxonMobil Foundation's education initiatives on their website.