Baylor Receives ExxonMobil Departmental Grant

Oct. 11, 2005

IRVING, Texas-- ExxonMobil announced today that $1.6 million has been contributed in departmental grants to 88 colleges and universities, including Baylor University, to support various academic programs.

Baylor's $12,800 grant from ExxonMobil was designated for the School of Engineering and Computer Science, School of Law and Hankamer School of Business. The amount of the grant is based on several factors including ExxonMobil's past recruiting success and the number of employees produced from the specific university.

The grant allows selected academic departments to allocate the money for various educational purposes including scholarships, field trips, visiting speakers, equipment purchases, student and faculty travel to academic-related activities, and other educational projects. ExxonMobil awards the grants based on schools that offer degrees in subjects from which it recruits employees.

"We are very grateful for the support of ExxonMobil as we work toward developing a stronger partnership through internships and permanent employment of our graduates," said Dr. Ben Kelley, dean of Baylor's School of Engineering and Computer Science, one of the academic units to receive grant funding.

"ExxonMobil is a strong believer in supporting colleges and universities that maintain programs that effectively prepare our future employees" said Ed Price, United States recruiting manager for ExxonMobil. "We are proud to provide Baylor University with this grant so that they can allocate the funds to further enhance the excellence of those programs that produce such highly-skilled students that ExxonMobil seeks to hire."

The Departmental Grants Program represents only a portion of the ExxonMobil's overall support of education. In 2004, ExxonMobil Foundation, Exxon Mobil Corporation, and its divisions and affiliates provided $40 million in contributions to educational initiatives worldwide.

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