ExxonMobil Advancing Academic Excellence through Matching Gift Program
BATON ROUGE – ExxonMobil has announced a donation of more than $1.2 million to the LSU Foundation as part of the ExxonMobil Foundation’s 2016 Educational Matching Gift Program.
Executive Vice President & Provost, Rick Koubek and ExxonMobil representatives made the announcement at an on-campus presentation on Thursday, April 27. Among the crowd were ExxonMobil employees and retirees who participate in the matching gift program, as well as LSU faculty and leadership whose departments benefit from ExxonMobil’s philanthropy. The gift represents $323,655 in donations made by employees, retirees and surviving spouses, along with the ExxonMobil Foundation’s unrestricted three-to-one company match, for a total donation of $1,279,104.
Since 2011, LSU has received more than $6.8 million in donations through ExxonMobil Foundation’s Educational Matching Gift Program, which enhances the departments whose academic goals align with those of ExxonMobil’s and includes continued support for minority and female students.
“ExxonMobil, its employees and retirees have remained steadfast partners for LSU. Their continued generosity is a testament to our mutual commitment to providing quality education, solutions and resources for tomorrow’s energy industry,” Koubek said. “On behalf of LSU’s faculty, staff and students, we express our sincerest gratitude to ExxonMobil.”
In addition to the ExxonMobil Foundation’s Educational Matching Gift Program, ExxonMobil also contributes to various colleges and departments on campus through its departmental grant program, faculty-sponsored research and its local employee volunteer program.
“Quality education is the foundation for individual opportunity and economic prosperity,” said Ben Soraci, president of the ExxonMobil Foundation. “We have a long history of supporting educational excellence around the country, including our investment at LSU. It’s a shared priority, year after year, with our ExxonMobil employees.”
About the ExxonMobil Foundation
The ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation (NYSE:XOM) in the United States. The foundation and corporation engage in a range of philanthropic activities that advance education, promote women as catalysts for economic development and combat malaria. In the United States, ExxonMobil supports initiatives to improve math and science education at the K-12 and higher education levels. In 2015, the ExxonMobil Foundation together with Exxon Mobil Corporation, its divisions and affiliates along with employees and retirees, provided $268 million in contributions worldwide. www.exxonmobil.com/community.
As the flagship institution of the state of Louisiana, the vision of LSU is to be a leading research-extensive university, challenging undergraduate and graduate students to achieve the highest levels of intellectual and personal development. Designated as a land-, sea-, and space-grant institution, the mission of LSU is the generation, preservation, dissemination, and application of knowledge and cultivation of the arts. For more information, visit www.lsu.edu.
Contact Erica Hawthorne
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