125 Years of Transformation
Making a difference around the world.

Across the globe, Alcoa is engaging our employees, retirees, families, friends, nonprofit partners, community leaders and civic organizations to make big changes in the communities where we live and work — all adding up to a world of good. Explore below to learn their individual stories.

INTERNSHIPS FOR UNEMPLOYED YOUTH

Global internship for 500 youths in eight countries with 10 local partners

On September 30, Alcoa Foundation celebrated its 125th Anniversary with the announcement of a global internship prog...
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ENGINEERS WITHOUT BORDERS

Service projects for 28 communities for 11,300 residents

The partnership between Engineers without Borders and Alcoa Foundation began in 2011 and has supported 27 university...
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FIRST

Partnering 84 student science and technology teams in four countries

Starting in 2011, Alcoa Foundation and FIRST Tech reached out to 84 student teams in Canada, China, Russia and the...
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MANUFACTURING INSTITUTE

Skills certification programs at 44 colleges in 15 states

The Alcoa Foundation partnership with the Manufacturing Institute started in 2011 and has expanded to include...
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ACTION

700 ACTION projects, awarding non-profits $2 million in grants

With nearly 700 ACTION (Alcoans Coming Together In Our Neighborhoods) projects, nonprofit organizations around the...
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ALCOANS IN MOTION

3,500+ employees involved in 150 events, earning $350K for nonprofits

Alcoa employees around the world who engage in physical fitness activities for charity earn Alcoans in Motion (AIM) grants.
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Bravo!

275,000 hours volunteered, $1 million+ raised for local nonprofits

Bravo! is Alcoa’s largest employee engagement program, awarding grants to nonprofits where individual Alcoa employ...
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MONTH OF SERVICE

45 Service Projects Staffed by Nearly 800 Alcoa Employees

Alcoa celebrated its 125th anniversary and the start of its eighth annual Month of Service with a serve-a-thon.
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GREEN WORKS

15,000+ birch trees planted, 5,000+ hours volunteered

Green Works, a global volunteer program, supports Alcoa’s environmental programs that focus on efforts to...
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RETIREES

13 retired and active Alcoans come together to raise funds

Alcoa retirees in the United States are eligible for ACTION, Alcoans in Motion and Bravo! grants.
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NONPROFIT BOARD PLACEMENT

10 nonprofit board placements since program inception

The Nonprofit Board Placement Program connects Alcoa employees with organizations that...
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MAKE AN IMPACT

Pledged 195,000+ lbs of carbon dioxide emission reductions and $3,600 in savings

Through the Make an Impact program, Alcoa Foundation partnered with the Center for Climate and Energy Solutions (C2ES)...
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GIRL SCOUTS

639 M kW of energy saved, 226 M gal. of water conserved, 1 B lbs of carbon dioxide eliminated

Alcoa Foundation sponsored Girl Scouts Forever Green (GSFG), a signature environmental program to commemo...
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ADVANCING SUSTAINABILITY RESEARCH

Three-year $4 M initiative to encourage ground-breaking environmental research

To support and encourage ground-breaking environmental research, Alcoa Foundation created the Advancing Sustain...
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GREENING AUSTRALIA

Committed $1.5 M to plant 1 million native trees over three years

For more than thirty years, Alcoa of Australia and Alcoa Foundation have been working with Greening Australia on...
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Internships for unemployed youth
On September 30, Alcoa Foundation celebrated its 125th Anniversary with the announcement of a global internship program for 500 youth (18-24 years of age) in eight countries with 10 local partners. In making the announcement, Chairman and CEO Klaus Kleinfeld stressed the importance of youth receiving work-related experience and information about post-secondary education and technical training options. Early 2014 results are promising with four partners serving 59 youth and the other six partners planning summer programs.
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Engineers Without Borders
The partnership between Engineers without Borders and Alcoa Foundation began in 2011 and has supported 27 university campus teams in Australia, Brazil, Canada, Norway, the United Kingdom, and the United States. To date, the teams have completed community-based projects in 28 communities for 11,300 residents, including a school outreach program for Aboriginals in Australia, solar water heaters in Brazil, rainwater harvesting in Cambodia, and a water distribution system in Kenya.
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FIRST
Starting in 2011, Alcoa Foundation and FIRST Tech reached out to 84 student teams in Canada, China, Russia and the United States. At the 2013 world competition held in St. Louis, Missouri, USA, a video on careers in science, technology, education, and math featured Dr. Angelique Adams, director of technology development for Alcoa’s Global Primary Products business. The video is now part of FIRST Tech Challenge (FTC) resource materials for 3,400 registered North American FTC teams, and it was also made available to non-U.S. FTC teams.
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Manufacturing Institute
The Alcoa Foundation partnership with the Manufacturing Institute started in 2011 and has expanded to include several initiatives. In 2013, the Institute helped establish manufacturing skills certification programs at 44 community colleges in 15 U.S. states. An estimated 3,800 students pursuing careers in manufacturing benefited from the programs, with 7,248 certifications awarded.

The Manufacturing Institute also manages the Get Skills to Work coalition to help veterans make the transition to the civilian workforce and spur their interest in manufacturing careers. In addition, it is partnering with educational institutions to align mechatronics curriculum with the Packaging Machinery Manufacturers Institute’s standards. Ten community colleges across Pennsylvania will issue the certifications, with more than 500 certifications expected through 2014.
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With nearly 700 ACTION (Alcoans Coming Together In Our Neighborhoods) projects, nonprofit organizations around the world were awarded $2 million in grants. Alcoa of Australia employees from Point Henry transformed Portarlington Primary School’s recreational facilities into a clean and safe space. They sowed drought resistant plants, refurbished the picnic area and upgraded the basketball court by installing new turf.
“Point Henry fosters a unique culture of service, where every employee is encouraged, supported and recognized for the active role he or she plays in making our communities safer, stronger and more innovative places to live and work.”
– Kate Betts, Community Relations Officer, Alcoa Point Henry
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Alcoa employees around the world who engage in physical fitness activities for charity earn Alcoans in Motion (AIM) grants. In its second year, more than 3,500 employees were involved in 150 events, earning more than $350,000 for nonprofit organizations. At least 150 employees at Jamalco participated in aerobics and a marathon, resulting in a $2,500 grant to help Lionel Town Hospital renovate its medical records department.
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Bravo! is Alcoa’s largest employee engagement program, awarding grants to nonprofits where individual Alcoa employees volunteer 50 hours or more a year. Collectively, Alcoa employees volunteered 275,000 hours and raised more than $1 million for local nonprofit organizations. For the past 22 years, Mario Germain has performed vital work for Club de Curling de Portneuf in Canada. In addition to being a member of the executive committee, he also organizes the leagues, interfaces with the members and prepares their schedules.
“Mario is dependable and able to combine the needs of teams and individuals so that members can play in a fun and competitive environment. He’s an important volunteer who definitely contributes to the club’s success.”
– Pierre Noreau, Vice President, Club de Curling de Portneuf
Mikhail Ermakov from Samara, Russia volunteers his time and talents at the Matvei Platov’s Cadets School.
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Alcoa celebrated its 125th anniversary and the start of its eighth annual Month of Service with a serve-a-thon. In partnership with Pittsburgh Cares, 45 projects were staffed by nearly 800 Alcoa employees and retirees in the Pittsburgh-area. This spurred a record-breaking 62 percent of Alcoa employees around the world volunteering throughout October. Alcoa Technical Center employees refurbished a dilapidated house for Allegheny County Habitat for Humanity. Seven Alcoa volunteers partnered with Allegheny CleanWays to collect 6,000 lbs of debris. The 4-H Conservation Club sponsored a clean-up at Pleasant Valley Park.
“Volunteering is part of Alcoa's heritage. We've always wanted to build positive relationships within our community. We have people giving up their time and effort, and that personal interaction, I think, resonates more than a faceless monetary donation.”
– John Butler, Director, Global Rolled Products Business Technology, Alcoa
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Green Works, a global volunteer program, supports Alcoa’s environmental programs that focus on efforts to Reduce, Recycle, Replenish. More than 1,800 Alcoa Russia employees dedicated more than 5,000 hours to improve their community. In partnership with the Training Center for Ecology and Safety, Alcoa volunteers and community members planted more than 15,000 birch trees as part of a reforestation program.
“It is vitally important for Alcoa to reduce the negative impact of its operations on the environment. The company set ambitious goals in this area and our environmental projects in the communities are part of this major work.”
– Maxim Smirnov, President, Alcoa Russia
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Alcoa retirees in the United States are eligible for ACTION, Alcoans in Motion and Bravo! grants. Bike MS: Pedal to the Point, a fundraiser for the National Multiple Sclerosis Society Multiple Sclerosis, put 13 retired and active Alcoans in motion as they covered 150 miles, through Northeast Ohio’s pastoral countryside, over two days.
“Our riders, a great mix of Alcoa employees and retirees, raised about $10,000, a little more than $7,000 in donations and a $2,500 Alcoans In Motion grant. It was well worth the exercise to do our part for MS.”
– Larry Mueller, Alcoa retiree
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The Nonprofit Board Placement Program connects Alcoa employees with organizations that combine their social passion with the Foundation’s focus areas of Environment and Education. Peter Hong, Vice President and Treasurer of Alcoa, became the newest Board member of City Year New York. He received his red jacket – a symbolic part of City Year culture and uniform – while volunteering alongside Alcoa colleagues. Peter dedicated his red jacket to the corps members serving on the Alcoa Foundation-sponsored teams.
“Peter brings his finance expertise and dedication to youth and education to the Board and we’re excited to have him as part of the City Year family.”
– Erica Hamilton, Vice President and Executive Director, City Year New York
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Make an Impact
Through the Make an Impact program, Alcoa Foundation partnered with the Center for Climate and Energy Solutions (C2ES) to host four Green Fairs in Pennsylvania and Washington. Green Fairs provide an opportunity for Alcoa employees and community members to learn about new ways to save energy and save money. The Alcoa Intalco Works (Ferndale, WA) Green Fair had representatives from Sustainable Connections, ReSources, Nooksack Salmon Enhancement Association and more. Watch the video.
“The Green Fair is a great way for Alcoa to demonstrate its mission of sustainability. It is gives our employees and community the chance to learn more about products and choices that are good for the environment and their pocketbook.”
– Barry Hullett, Plant Manager, Alcoa Intalco Works
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Girl Scouts
Alcoa Foundation sponsored Girl Scouts Forever Green (GSFG), a signature environmental program to commemorate the 100th anniversary of the Girl Scouts and engage girls from 12 Alcoa countries in environmental leadership. The partnership enabled councils from around the world to work together and lead their families, schools, and communities in improving the environment and protecting natural resources. More than 200 Alcoa employees volunteered alongside the girls throughout the project. Harnessing its members' passion for preserving natural resources and focusing on three main projects: Reduce Waste, Earth Hour, and Rain Gardens, Girl Scouts and Alcoa concluded the Girl Scouts Forever Green project after saving 639 million kilowatts of energy, conserving 226 million gallons of water, and eliminating 1 billion pounds of carbon dioxide and 120 million pounds of waste in total.
“Although our girls might be famous for wearing the color green, it's clear that they are enthusiastic about 'going green' and working to preserve our natural resources. As an organization committed to helping girls become leaders who make a difference in the world, we couldn't ignore their passion for the environment, and the generous contribution from Alcoa Foundation provided an outlet for girls to funnel their ecological energies.”
– Anna Maria Chavez, CEO, Girl Scouts of the USA
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To support and encourage ground-breaking environmental research, Alcoa Foundation created the Advancing Sustainability Research Initiative (ASR), a three year $4 million initiative in partnership with the Institute for International Education. Environmental research at 10 universities in eight countries received funds and professional support to conduct research with actionable, real-world solutions. Projects included mangrove restoration in Brazil, biochar pilots on farms in Western Australia and developing new designs for light weight vehicles.
“We will use this grant to develop the platform of ‘impulse manufacturing’ that we have contributed significantly to at Ohio State. This mode of manufacturing enhances sustainability by allowing the production of better products, those that use fewer resources, and those that can be produced near the markets where they are used. This gift will support both research and dissemination of our results.”
– Glenn S. Daehn, Ph.D., Mars G. Fontana Professor of Metallurgical Engineering, The Ohio State University
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For more than thirty years, Alcoa of Australia and Alcoa Foundation have been working with Greening Australia on ambitious environmental goals across the country. Objectives of the long-term partnership include community engagement, capacity building for local organizations and sustainable landscapes and river restoration. In 2013, Alcoa Foundation committed one and a half million dollars to plant 1 million native perennial trees across 1,650 acres over the next three years, restoring biodiversity and habitat connectivity.
“Greening Australia is focussed on restoring and conserving Australia’s diverse natural landscapes to allow people and wildlife to coexist. The Alcoa Foundation’s support of critical projects in key landscapes enables Greening Australia to lead Australia’s contribution to the global conservation effort.”
– Natalie Cook, Acting General Manager, Greening Australia
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A letter from our president


Elsa Ozer, President of Alcoa Foundation

In 2013, Alcoa celebrated its 125th anniversary – a noteworthy milestone by any measure. For Alcoa, the year was marked by a decided transformation from a commodity company to one that is focused on growth businesses, innovation and value-creating technologies.

“We are well-prepared and fully committed to achieve the Alcoa vision – “Advancing each generation” – for our shareholders, customers, employees, communities and partners.”
Alcoa Chairman and CEO Klaus Kleinfeld, 2013 Letter to Shareholders

The idea of a “transformation” really resonates with us at Alcoa Foundation. We are as energized by that dynamism in the business as we are by the notion that our CSR work can bring new life to the natural environment; or that an underperforming student can ignite a passion for science and technology; or that an unemployed individual can acquire critical technical skills, find rewarding work and secure his or her economic future. During times of transformation, we think and do things differently, and we take our future into our own hands.

In that spirit, and in recognition of Alcoa’s milestone anniversary last year, our Foundation partnered with dozens of high-impact non-profit organizations to enable positive, community-oriented change in dozens of countries worldwide. A major part of that transformation was spurred by Alcoa employees, who donated more than 850,000 service hours in 2013. During our annual Month of Service alone, we saw a record 62% of Alcoa employees give their time and energy in more than 1,300 community-based events that lent a helping hand to more than a half million people.

You will read in this report about just a few of the hundreds of transformative programs that Alcoa Foundation, together with our nonprofit partners, initiated last year. We launched one in particular to commemorate Alcoa’s 125th anniversary and help prepare young people around the world for rewarding and stable careers in the manufacturing and technical fields. Our “Advancing Each Generation 125th Anniversary Internships,” developed in partnership with non-profit organizations in eight countries, will place more than 500 unemployed young people in manufacturing and technical internships. That pathway from unemployment to a viable and attractive career is one that Alcoa Foundation is immensely proud to help bring to life.

As the newly named Alcoa Foundation President, I have shared in that pride and gratitude to our non-profit partners and the 60,000 Alcoa employees who help strengthen our communities and transform lives every day. With an eye to 2014 and beyond, I know that our combined efforts will lend resilience and positively impact our communities, helping them grow and thrive for the next 125 years.


Esra Ozer
President, Alcoa Foundation

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AWARDS

In 2013, Alcoa Foundation was honored to be recognized for our work
and corporate citizenship across the globe.

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Endowment Investing Strategy

Alcoa Foundation’s assets are considered to be a perpetual pool of capital. The objective of the investment strategy is to preserve the real (inflation adjusted) value of the assets to maintain the real value of its program spending over the long term to support the goal of contributing 5 percent of the value of its assets each year. The Alcoa Foundation’s assets were $468 million at year-end 2013.

The portfolio's investment strategy has been revised to reduce and diversify the investment risk taken to achieve our long-term objective via increasing both asset class and risk factor diversification. The strategy revisions are expected to increase the probability of achieving our long-term investment objectives while reducing the risk of experiencing large short term portfolio draw downs. Specifically, we meaningfully reduced the allocation to public equities and increased the allocation to macro and equity long/short hedge fund strategies, US inflation protected securities and long duration US Treasury securities.

The revised investment strategy helped us to generate a solid 2013 investment return of 7.1% which outperformed our passive performance benchmark by 1.2% and our 5% real return objective. Through 2013, Alcoa Foundation's investment returns outperformed its passive investing benchmarks for all time periods (1, 3, 5 and 10 years).


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