ConocoPhillips donates $2 million to Oklahoma State University

Tue. June 02, 2009; Posted: 03:22 AM

STILLWATER, Jun 02, 2009 (The Oklahoman - McClatchy-Tribune Information Services via COMTEX) -- COP | Quote | Chart | News | PowerRating -- Oklahoma State University has received a $2 million gift from ConocoPhillips, university officials announced Monday.

The gift is unrestricted, so university officials can use the money as they fit. However, ConocoPhillips did give a recommendation as to how the corporation would like to see the money allocated.

ConocoPhillips is recommending that $1 million be spent on the ConocoPhillips OSU Alumni Center; $350,000 for the SPIRIT Scholars Program; $225,000 for the Spears School of Business; $192,000 for the College of Engineering, Architecture & Technology; $118,000 for diversity programs; $70,000 for other support; and $45,000 for Arts & Sciences.

The funds will support a variety of academic endeavors such as scholarships, endowed chairs, visiting speakers, graduate studies, equipment purchases, career services, multicultural development and other academic projects, officials said.

Benefiting university

ConocoPhillips gave an additional $90,480 to OSU through its matching gift program, which matches employee gifts of up to $10,000 that are given to kindergarten through 12th grade schools or universities.

"ConocoPhillips continues to be one of OSU's best partners," OSU President Burns Hargis said. "Whether the economy is soaring or uncertain, whether the price of oil is rising or not, ConocoPhillips consistently makes gifts to benefit OSU students, faculty, staff and alumni."

ConocoPhillips has given OSU more than $34 million over the years and hires more OSU graduates than any other company, officials said.

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For full details on ConocoPhillips (COP) click here. ConocoPhillips (COP) has Short Term PowerRatings of 5. Details on ConocoPhillips (COP) Short Term PowerRatings is available at This Link.

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