The Exxon Mobil Foundation has donated nearly $1.5 million this hear to the University of Texas at Austin under its program to give $3 to the school for every dollar that Exxon Mobil Corp.employees and retirees give to UT during the past year, according to Greg Barr of the Austin Business Journal.
The UT gifts were part of $9.7 million in gifts to Texas institutions of higher learning by Exxon Mobile employees and retirees, Barr said.
“The check for $1.45 million, handed over to UT officials in April, marks the largest contribution the foundation made to any university that participated in its 2013 Educational Matching Gift Program.”
Since the start of the 3-for-1 matching gift scheme, the Exxon Mobil Foundation has given more than $56 million to the University of Texas, Barr said.
“Most of the company’s grants are directed toward programs that promote science, technology, engineering and mathematics , or STEM, programs and diversity in the workforce.”
UT’s Cockrell School of Engineering also received a $5 million pledge in April from Rex Tillerson, Exxon Mobil’s chairman and CEO, and his wife, Renda.
The gift is intended to help fund the a new Engineering Education and Research Center, Barr reported.