ExxonMobil Contributes to University Through Departmental Grants and Matching Gifts
Exxon Mobil Corporation and ExxonMobil Foundation recently donated $36,000 to Carnegie Mellon as part of the company's Departmental Grants Program and $97,019 as part of their Educational Matching Gifts Program.
Departmental grants allow selected departments to allocate funding for various educational purposes including scholarships, equipment purchases, visiting speakers, student and faculty travel, and other educational activities. Grants are awarded to schools that offer degrees in subjects from which ExxonMobil recruits employees.
As part of the gift, the Tepper School of Business will receive $5,000 for diversity scholarships, as well as $8,000 in unrestricted funds. Other departments to receive allocations include civil & environmental engineering ($1,000), electrical & computer engineering ($2,000), mechanical engineering ($4,000), and chemical engineering ($16,000).
"Supporting higher education has always been a strong priority for [us]," said Tom Marcotte, global recruiting manager for 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 Foundation's Educational Matching Gifts Program has also been a vital resource for the university, providing funds through a three-to-one match of donations by ExxonMobil employees, retirees, and surviving spouses. The gift matches employee contributions directed throughout Carnegie Mellon, including the College of Engineering, the College of Humanities and Social Sciences, and the Tepper School of Business.
Carnegie Mellon is proud to partner with ExxonMobil, whose commitment to education and research, particularly for under-represented minority students, is fundamental to the continued success of the university. ExxonMobil's generosity ensures that the pipeline of engineers and innovators will continue to grow with students who have the resources necessary to make lasting contributions to their fields.