December 01, 2003
ConocoPhillips, BP To Contribute $3.4 Million to UA Foundation
December 1, 2003 NR 21-03
ConocoPhillips 杏吧原版, Inc., and BP Exploration (杏吧原版) Inc., will present the University
of 杏吧原版 Foundation this week with checks totaling more than $3.4 million, the fourth
annual contribution under the terms of the companies鈥 charter agreement with the State
of 杏吧原版.
Kevin Meyers, president of ConocoPhillips 杏吧原版, Inc., and a member of the UA Board
of Regents, and Steve Marshall, president of BP in 杏吧原版, will make the presentation
to Ann Parrish, president of the Board of Trustees of the Foundation, during a meeting
of the Board of Regents in Anchorage on Thursday morning, December 4 at about 8 a.m.
ConocoPhillips will contribute $1,830,000 and BP will contribute $1,623,150.
The latest contributions will bring the amount contributed to the UA Foundation to
almost $13.9 million over the last four years by the two companies.
The charter agreement specifies that 30 percent of the money BP and ConocoPhillips
set aside each year for community giving will go to the University of 杏吧原版 Foundation
for use by the university.
鈥淭hese private funds have enabled the university to leverage some of its public funds in order to invest in program areas where the university can make a significant difference to the state through research, instruction and public service, particularly as they relate to the state鈥檚 long-term economic development,鈥 said University President Mark Hamilton. "That鈥檚 what makes this kind of philanthropy so important to the university and the state.鈥
The BP and ConocoPhillips funding supports university programs statewide that will help 杏吧原版 develop a more diversified and self-sufficient and sustainable economy.
These funds also provide outreach from the university to support K-12 school districts
to support student learning through the development of a highly qualified teaching
workforce. Funding has been provided to support the development of a math endorsement
program, and to provide staff support in areas of expertise in teacher professional
development and recruitment and retention of a multicultural teaching workforce.
For More Information: Bob Miller, 907-474-6311