ExxonMobil Foundation awards grant to support Louisiana Tech, higher education

May 18, 2009 | General News

In support of Louisiana Tech University and its commitment to higher education, the ExxonMobil Foundation has awarded Tech an education grant in the amount of $60,870.

The award represents a 3-to-1 match of donations made to the ExxonMobil Foundation by company employees, retirees, and surviving spouses.

“Through assistance such as this, Louisiana Tech will continue to produce some of the nation’s best engineers and scientists entering the national and international workforce,” says Louisiana Tech President Dan Reneau.

“These funds provide our University with additional support that will ensure our level of excellence in the classroom, the lab, and research facilities.”

Through the 2008 Educational Matching Gift Program, ExxonMobil employees, retirees, and surviving spouses can donate to support any of 900 higher education institutions throughout the United States. This past year, $11.2 million in donations were received with a match from the ExxonMoibil Foundation of more than $25.4 million.

“These donations are a remarkable testament to the value ExxonMobil employees and retirees place on higher education,” says Kenneth Cohen, ExxonMobil vice president for public affairs and chairman of the ExxonMobil Foundation. “We’re investing in the future, campus by campus, by providing these much needed dollars for colleges and universities to increase their levels of excellence.”

Since the Educational Matching Gift Program’s establishment in 1962, the ExxonMobil Foundation has provided more than $398 million dollars in matching grants to higher education in the U.S.

“The support for higher education that has been shown by ExxonMobil and its employees is a great source of encouragement,” says Reneau. “The return on this investment will mean future opportunities for our educational, economic, and community partners.”


Written by Dave Guerin