Baylor Business School Receives ExxonMobil Grant

Oct. 3, 2002

by Alan Hunt

Baylor's Hankamer School of Business has received a $12,000 grant from ExxonMobil under a project to assist colleges and universities with academic programs. A total of $1.8 million will be distributed to 102 institutions nationwide under the company's departmental grants program.

The funds will be allocated to Baylor's accounting and business law, finance, and information systems departments. Dr. Charles E. Davis, accounting department chairman, associate professor of accounting, and the Ernst & Young Teaching Fellow in Accounting, received the check from Brian Tinsley, ExxonMobil's financial supervisor for CIS/ME/SA Controllers (Confederation of Independent States, Mid-East, and South America).

Sharyl Hackett, ExxonMobil campus relations and diversity manager, said the corporation has a long history of supporting higher education, "especially in the areas where our company recruits future employees." She added, "With these departmental grants, our support is specifically directed to those university departments that are educating the highly qualified graduates that ExxonMobil needs."

The amount of the grant is based on many factors, including the number of ExxonMobil employees from a particular school and ExxonMobil's recruiting success at the school over the past five years.

She said the departmental grants program represents only a part of ExxonMobil's overall support of education. In 2001, she noted, ExxonMobil Foundation, Exxon Mobil Corp., and its divisions and affiliates provided $126 million in contributions worldwide, with $38 million dedicated to education.

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