Milford chronicle., 1956-02-03
Esso Education Founda-
ton Announces Financial
Grants To Higher Eduea-
ton.


Esso Education Foundation, re-
Gently organized BY Standard Oil
Company New Jerseg) and a group
of affiliated companies, today an
nOunced 226 financial grants total
ing 81, ,O67 800 for the assistance Of
colleges and universities in the
United States during the 1955-56
academic year.
Establishment of the Esso Edu-
cation Foundation, to coordinate
and continue the educational assis-
tance programs Of the participating
companies, was announced october
4. 1855. Besides Jersey Standard,
these companies are: Esso Stand
ard Oil Company, Esso Shipping
Company, EssO Research and En-
gineering Company. ESQ Export
Corporation, End Interstate Oil
pine Line Company. The Founda-
tion's offices are at 49 West 49th
Street, New York 20, New York.
An Administrative Committee,
stared by officials Of the partici-
pating companies, developed the de-
tails of the new program which has
now been approved by the Trustees
of the Foundation. In dealing with
such questions as recipients,
amounts, and types Of grants, the
Committee had the benefit of the
advice of experienced educators.
OF the sf,067. 800 in grants an
nounced today, the largest portion,
1856, 600, was given to 1913 private
/ " supported Institutions in the
form of unrestricted grants for ula-
dergraduate education. The recipi-
ents were broadly, distributed both
geographically and by types cf in
stitutions. Included were denom-
/ national, non denominational,
mems, women's and coeducational
colleges and universities. Forty
states and the District Of Columbia
were represented.
of these 1873 colleges and uniYer-
stiles receiving unrestricted grants,
85 have less than 1000 students,
1O3 offer primarily liberal arts aud
general courses, including teacher
preparatory. rs are liberal arts and
/ general with one or more profes-
sional schools, and IL are profes-
sional and technical.
The next largest portion Of the
grants, 5000, 900 went to II colleges
and universities for building and
other capital projects. In addition
$50, 900 for capital projects, as well
as a contribution to its operating
4 fund, was given to the United Negro
i College Fund to be distributed
among the 81 institutions it repre-
sents.
A total Of $4,000 was contribu-
i ted to 10 institutions for assistance
/ in carrying out research projects in
the physical sciences. These grants
/ will be used to promote basic re-
4 search as well as investigations in
applied sciences, including engin-
H eering.
other grants by the Foundation
amounted to $144.500. The National
Fund for Medical Education was
given SIS, 900. Another S69.500 was
given to support special studies be
Il ing carried on by nine institutions
II principally in the field Of human
H relations.
H At the time establishment Of The
H ESQ Education Foundation was
II announced in October, 1t was dis
H closed that the participating com
panies had pledged S1,5G0,000 il
contributions for 1855 The grants
made today for the current academ-
ic year utilized slightly more thar
4 two-thirds of this sum. The Foun.
h dation's intention is to hold the re
II lnainder of the funds as a reserve
to help even out its giving in fu
Il ture years.