The University of Texas at Austin has received $198,000 from the Exxon Mobil Corporation to support its business, engineering, geosciences, law, natural sciences and public affairs programs.
The unrestricted grant allows selected academic departments to allocate the money to scholarships, visiting speakers, equipment purchases, student and faculty travel to academic-related activities and other educational projects. ExxonMobil awards grants to universities that offer degrees in subjects from which it recruits employees. Grant amounts are based on several factors, including the number of employees who graduated from the institution.
"Supporting higher education has always been a strong priority for ExxonMobil," said Truman Bell, senior program officer for education and diversity at the company. "This program enables us to provide funding to colleges and universities that play a pivotal role in preparing students to enter the workforce. ExxonMobil is proud to provide support to The University of Texas at Austin that will help to enhance departments whose academic focus aligns with our workforce needs."
Including this gift, ExxonMobil has contributed more than $44 million in philanthropic support to The University of Texas at Austin, making it the university's most generous corporate partner. The company has also invested nearly $14 million in sponsored research projects.