Loyola one of 21 colleges and universities to receive $1.7 million from ExxonMobil
Loyola press release - May 6, 2005
Loyola University New Orleans was among 21
Initiated in 1962, the ExxonMobil Foundationís Educational Matching Gift Program matches gifts to higher education on a 3-to-1 basis and has provided more than $301 million to higher education in the United States. This year, the programís combined contributions provided 932 colleges and universities across the country with more than $26 million. Individual donations totaled $7.7 million, and the ExxonMobil Foundation matched that number with an additional $18.6 million.
Under the ExxonMobil Foundationís 2004 Educational Matching Gift Program a donor could give up to $5,000 a year to colleges and universities with which he or she is affiliated, and the Foundation matched those gifts on a 3-to-1 basis up to $15,000. The affiliation requirement is waived for gifts to the United Negro College Fund, the Hispanic Scholarship Fund, and the American Indian College Fund. In response to the program's tremendous support and success, ExxonMobil has increased the amount per donor to $7,500 starting with 2005 donations.
ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation in the
Additional information on ExxonMobilís community partnerships and contributions programs is available at http://www.exxonmobil.com/community.