COLLEGE STATION, June 26, 2008 ? ExxonMobil Foundation has presented a check
for more than $1 million to the Texas A&M Foundation. The funds represent
ExxonMobil's 3-to-1 match of donations made by ExxonMobil employees,
retirees and surviving spouses under the Foundation's 2007 Educational
Matching Gift Program. These donors to the Texas A&M Foundation choose which
programs will benefit from their gifts and the matching funds from
ExxonMobil and its employees, retirees and surviving spouses donated more
than $36 million to 930 participating institutions of higher education in
2007. The Educational Matching Gift Program is widely considered one of the
most generous of its kind in the United States . Since its inception in
1962, it has provided more than $372 million to higher education in the
United States . Under the Educational Matching Gift Program, ExxonMobil
provides the 3-to-1 matching funding for donations up to $7,500 a year to
colleges and universities with which employees or retirees are affiliated.
The Texas A&M Foundation's fundraising and investment staff works with
former students, corporations and other nonprofit organizations to invest in
the Aggie Spirit and Mind SM . It does so through personal relationships
built on confidence, trustworthy financial stewardship and an intelligent
investment strategy, notes a spokesperson. The Foundation is a privately
governed, nonprofit corporation through which donors fund faculty chairs,
student scholarships, capital construction, student activities and other
Texas A&M University programs.
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