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Combined Community Investing—Approach
Each year, Alcoa and Alcoa Foundation together donate millions of dollars in community investment grants in communities in which Alcoa operates worldwide. Our global and local grantmaking is responsive to the needs and aspirations of these communities and marshals the combined expertise, energies, and values of Alcoa and Alcoa Foundation to provide a world-class standard of excellence in corporate citizenship.
In 2006, our combined giving totaled more than US$42 million. Alcoa Foundation provided more than US$26 million in grants in 32 countries where Alcoa operates, with Alcoa and Alcoa-related foundations awarding another US$16 million in a wide range of grants to partner non-governmental organizations around the world.
Our community investments are guided by the following strategies—updated in 2006—that align with Alcoa's aspirations as a company:
- Strong Program Focus—Programming is focused around four thematic Areas of Excellence to develop and apply expertise on priority issues and achieve measurable outcomes and impacts.
- Leveraging for Positive Change—Alcoa and Alcoa Foundation leverage funding, organizational expertise, assets, and values to strengthen the services and performance of non-governmental organizations to better contribute to the sustainability and quality of life in communities in which Alcoa operates.
- Globalizing Programs and Networks—Alcoa's and Alcoa Foundation's expanding presence in a growing number of countries and communities is increasing the Foundation's reach and impact by combining its expertise with the on-the-ground knowledge and experience of Alcoa employees in business units around the world.
- Operating Efficiently and Measuring Outcomes—We are increasing efficiency in the management of Alcoa Foundation's community investing and driving measurement, evaluation, and improvement of program outcomes.
- Communicating and Sharing Best Practice—We are using global expertise and reach to increase our visibility and share knowledge with Alcoa employees, their communities, and stakeholders to enhance the impact and potential of Alcoa Foundation investments.
Grantmaking focused on four Areas of Excellence is a central element of Alcoa Foundation's global and local leadership presence in community investing. The portfolios of social investments are developed with input from regional and business unit lead teams and community advisory groups worldwide who make grant recommendations for their locations and who develop community investment strategies based on their assessment of local conditions and opportunities to make a difference.
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