Exxon Mobil Corporation (NYSE:XOM) and its employees donate money to colleges and universities of Kansas.


Dallas, Texas 07/30/2013 (Financialstrend) – Exxon Mobil Corporation (NYSE:XOM) closed in the previous trading session at $94.03 after going 0.80% (or -$0.76) in the southwards direction. The stock has hit day’s high at $93.61 and day’s low at $94.52.

As part of the Exxon Mobil Foundations 2012 Educational Matching Gift Program, the company, Exxon Mobil Corporation and its employees along with the employees from XTO Energy in Kansas donated $665,994 to around 10 higher education institutions across Kansas.

Unrestricted grants of $484,783 were contributed by ExxonMobil Foundation to match donations of $181,161 from retirees, directors, employees and surviving spouses. The employees of the subsidiary of Exxon Mobil Corporation, XTO Energy also contributed in this investment.

In the state of Kansas, XTO Energy has offices in Garden City and Lakin with a nine county operating area. ExxonMobil and the employees of the company have given around more than $2.6 million to colleges and universities in Kansas over the past five years.

This program compares donor up to $7,500 to certified universities and colleges in the Unites States along with the United Negro College Fund, Hispanic Scholarship Fund and the American Indian College Fund. Till today, more than $500 million has been donated to higher education institutions for the betterment of students and for their higher learning as the educational Matching Gift Program began in 1962.

The employees of the company have a history of donating, both through their philanthropy and volunteerism. The president of the ExxonMobil Foundation, Suzanne McCarron said that the foundation and the corporation share this philosophy and are proud to join them in their generous support.

Though the grants are unrestricted, the recipients of the donation are encouraged to designate a portion to the programs related to science and maths that supports student engagement. Through the 2012 Educational Matching Gift Program, about 871 institutions received donation of $40.2 million all around the nation.

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