Bucknell receives $140,000 grant from ExxonMobil Foundation
May 05, 2010
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LEWISBURG, Pa. — The ExxonMobil Foundation has provided Bucknell University with a grant of more than $140,000. Ron Billings, a 1969 graduate of Bucknell and vice president of ExxonMobil Gas & Power Marketing Co., recently presented the check to the University.
"We greatly appreciate this support from the ExxonMobil Foundation," said Bucknell President Brian C. Mitchell. "The foundation has magnified the generosity of Bucknell alumni who are employees or retirees of the company and provided crucial resources to support the University."
Three-to-one matching The $141,765 check represented the foundation's three-to-one match of donations made to Bucknell by ExxonMobil employees, retirees and surviving spouses under the 2009 educational matching gift program. Gift donations of up to $7,500 made in 2009 were matched in 2010.
Through the foundation's matching gift program, Bucknell has received matching gift funds of $1,212,960 since 2002.
Bucknell is one of 900 participating colleges and universities that collectively received more than $33 million from ExxonMobil and its employees and retirees through the educational matching gift program. In 2009, employees, retirees and surviving spouses donated $10.9 million to institutions of higher education that was matched by $25.2 million in educational grants. The ExxonMobil Foundation was established in 1955.
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