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Created in 1952, the Alcoa Foundation has the goal of allocating funds to the community projects of the Company’s units around the world. The programs in which the Company’s employees and their families actually participate are priority beneficiaries of those funds.
2007 Highlights
- Alcoa and Alcoa Foundation invested over US$49 million in philanthropic giving.
- Alcoa Foundation made 848 grants totaling US$28 million to 1,111 organizations in more than 36 countries, including investments in new Alcoa communities such as Iceland.
- Alcoa employees volunteered more than 634,000 hours in community service projects, resulting in approximately US$3.7 million in grants to nonprofit organizations in 28 countries.
- In 17 countries with developing economies, Alcoa Foundation contributed over US$8 million to projects focused on eradicating hunger, increasing access to universal education, combating diseases, and ensuring environmental sustainability.
- A total of 30 academic fellows and 42 practitioner fellows worldwide took part in the Foundation's Conservation & Sustainability Fellowship Program, a US$8.6 million six-year program to advance research in the areas of conservation and sustainability.
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