ExxonMobil Foundation Supports Carnegie Mellon
ExxonMobil and the ExxonMobil Foundation recently awarded Carnegie Mellon $41,100 as part of the company’s Departmental Grants Program and $148,000 as part of their Educational Matching Gift Program.
ExxonMobil awards departmental grants based on schools that offer degrees in subjects from which it recruits employees. The gifts are for scholarships, field trips, visiting speakers, equipment purchases, student and faculty travel to academic-related activities, and other academic projects. Because the funds are unrestricted, department heads can distribute them according to their greatest needs.
Of the funds, $5,000 will be used to support minority student programs, $7,600 will support the Tepper School of Business ExxonMobil Fellowship Program, and $4,000 will be allocated to the Department of Mechanical Engineering. In addition, the Department of Chemical Engineering has received $24,500 to support the department’s research and educational initiatives, as well as Professor Ignacio Grossmann’s work in the area of enterprisewide optimization.
"Supporting higher education has always been a strong priority for ExxonMobil," said Tom Marcotte, Global Recruiting Organization, ExxonMobil. "This program enables us to provide funding to colleges and universities who play a pivotal role in preparing students to enter the workforce. ExxonMobil is proud to provide support to Carnegie Mellon which will help to enhance departments whose academic focus aligns with the workforce needs of ExxonMobil."
Similar to the Departmental Grants Program, the Educational Matching Gifts Program has been a vital resource for the university. The award provides funds to educational institutions through a three to one match of donations by ExxonMobil employees, retirees, and surviving spouses. The gift matches employees' contributions directed throughout Carnegie Mellon, including the College of Engineering, the College of Humanities and Social Sciences, and the Tepper School of Business.
