ExxonMobil matching gift funds research, scholarshipsPosted June 11, 2013
ExxonMobil continues its long history of supporting higher education at ACU. On May 24, the company's planning operations manager, Walt Buchholtz, presented university president Dr. Phil Schubert with a check for $135,174.24. Buchholtz is the father of ACU alumna Kristen Buchholtz (’11).
Exxon matches all gifts (on a 3:1 basis) made by its employees and retirees to support higher education. Over the decades, the company's matching gifts have totaled nearly $4 million.
“We are grateful for the continuing generosity of ExxonMobil and companies like it that see the value not only in higher education, but also in the philanthropy of their employees,” said Phil Boone, vice president for advancement. “And of course we remain grateful to our generous alumni and friends, who continue to support the aspirations of the young men and women on our campus."
More than $46,000 of the donated funds have been applied to ACU's unrestricted Exceptional Fund, while $6,000 has gone to the math-science research fund, which provides grants for ACU science faculty performing research with undergraduate students. $60,000 is being used in support of departmental operations, with $24,000 funding endowed scholarships. Overall, 54 companies gave more than $236,000 to ACU during the 2012-13 fiscal year (which ended May 31), matching the gifts of 127 employees. Find out whether your employer participates in a matching gift program by searching our matching gifts database.