AUSTIN, Texas — The Exxon Education Foundation’s 1998 Educational Matching Gift check in the amount of $367,972.08 was recently presented to The University of Texas at Austin by Charles W. Matthews, vice president and general counsel for Exxon Corp. The check represents the foundation’s three-to-one match of 261 employee, retiree, surviving spouse and director gifts to UT Austin.
The Exxon Education Foundation has given more than $475 million in support of American education since it was started by the Exxon Corp. in 1955. Since the Matching Gift Program began in 1962, the foundation has provided more than $183 million to more than 1,000 institutions of higher learning.
Under the terms of the program, a donor can give up to $5,000 a year to colleges and universities with which he or she is affiliated, and the Foundation matches those gifts on a three-to-one basis up to $15,000. The affiliation requirement is waived for gifts to the United Negro College Fund, the National Hispanic Scholarship Fund and the American Indian College Fund.