Colorado School of Mines receives $1.4 million pledge from ConocoPhillips
GOLDEN, Colo., March 10, 2009 – ConocoPhillips has pledged $1 million to Colorado School of Mines to support the construction of Marquez Hall, a new state-of-the-art facility planned for campus. In addition, the company plans to significantly increase its generous annual support for the ConocoPhillips SPIRIT Scholars Program, several departments and academic programs at Mines with a commitment of $400,000 for this year.
With ConocoPhillips’ gift, the school has raised more than $22 million toward the $25 million goal for private funding for Marquez Hall, an interdisciplinary teaching and research facility that will house Mines’ petroleum engineering department.
“This investment reflects our continuing commitment to Colorado School of Mines and its mission to achieve academic excellence in the fields of science, engineering and technology,” said Robert A. Ridge, ConocoPhillips’ vice president for Health, Safety and Environment and a 1971 Mines alumnus.
ConocoPhillips has given more than $1 million to the CSM Foundation over the last five years and has sponsored research consortia and projects at the school, including new initiatives through the Colorado Renewable Energy Collaboratory. ConocoPhillips is one of the top recruiters on campus and currently employs more than 170 Mines graduates. Mines is also one of only eight universities at which the company has instituted the ConocoPhillips SPIRIT Scholars Program, which provides scholarships, enrichment activities, mentoring and employment opportunities to top students.
“We are thankful for ConocoPhillips’ remarkable commitment to the Marquez Hall project and the company’s ongoing support for Mines students and programs across campus,” said President M.W. "Bill" Scoggins. “The Mines community is proud to count ConocoPhillips as one of its most dedicated corporate partners as we work toward continued excellence in critical fields related to earth, energy and environment.”