ExxonMobil, Employees, Retirees Donate More Than $1 Million to New Jer

    Philanthropy Writers/Business Editors/Education Writers

    IRVING, Texas--(BUSINESS WIRE)--April 25, 2005--ExxonMobil announced today that more than $1 million has been donated to 32 colleges and universities in New Jersey through the ExxonMobil Foundation's 2004 Educational Matching Gift Program. ExxonMobil employees, retirees, surviving spouses and directors contributed nearly $312,000 to New Jersey institutions of higher education in 2004, which was matched by the ExxonMobil Foundation with $778,500 in unrestricted educational grants.
    Initiated in 1962, the ExxonMobil Foundation's Educational Matching Gift Program matches gifts to higher education on a 3-to-1 basis and has provided more than $301 million to higher education in the United States. This year, the program's combined contributions provided 932 colleges and universities across the country with more than $26 million. Individual donations totaled $7.7 million, and the ExxonMobil Foundation matched that number with an additional $18.6 million.
    "Supporting education initiatives is of the highest priority to ExxonMobil and our employees," said Kenneth P. Cohen, vice president for public affairs, Exxon Mobil Corporation and chairman, ExxonMobil Foundation. "This commitment is demonstrated through our matching gift program which provides funds to educational institutions for improvements and the advancement of learning opportunities. We commend ExxonMobil employees for their generous contributions and their support of higher education."
    Under the ExxonMobil Foundation's 2004 Educational Matching Gift Program a donor could give up to $5,000 a year to colleges and universities with which he or she is affiliated, and the Foundation matched those gifts on a 3-to-1 basis up to $15,000. The affiliation requirement is waived for gifts to the United Negro College Fund, the Hispanic Scholarship Fund, and the American Indian College Fund. In response to the program's tremendous support and success, ExxonMobil has increased the amount per donor to $7,500 starting with 2005 donations.
    Among the 32 New Jersey colleges and universities receiving grants are: Princeton University, Rutgers University, Stevens Institute of Technology, New Jersey Institute of Technology and Drew University.
    ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation in the United States. The Foundation engages in a broad range of philanthropic activities focusing on the communities where Exxon Mobil Corporation has significant operations. In addition, the Foundation supports research and dissemination on selected topics of interest to the energy industry. Focus areas include education, health and environment. In 2004, ExxonMobil Foundation, Exxon Mobil Corporation, and its divisions and affiliates provided $106.5 million in contributions worldwide, with more than $40 million dedicated to education.
    Additional information on ExxonMobil's community partnerships and contributions programs is available at http://www.exxonmobil.com/community.

New Jersey Colleges and Universities Receiving ExxonMobil Foundation Educational Matching Gift Grants

Bloomfield College Brookdale Community College Burlington County College Caldwell College Centenary College The College of New Jersey College of Saint Elizabeth County College of Morris Drew University Fairleigh Dickinson University Georgian Court College Kean University Foundation, Inc. Middlesex County College Monmouth University Montclair State University New Jersey City University New Jersey Institute of Technology Princeton Theological Seminary Princeton University Ramapo College of New Jersey Raritan Valley Community College Rider University Rowan University Rutgers University Saint Peter's College Seton Hall University Stevens Institute of Technology Thomas Edison College Union County College University of Medicine and Dentistry of New Jersey Westminster Choir College William Paterson University

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CONTACT: ExxonMobil Media Relations, 972-444-1107

KEYWORD: NEW JERSEY INDUSTRY KEYWORD: EDUCATION SOURCE: Exxon Mobil Corporation

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