125 Years of Transformation
Local success. Global impact.

We measure the success of our programs through five key metrics — alignment with
Alcoa Foundation’s core themes, direct outcomes for society, stakeholder engagement, inclusiveness, and awareness. Here’s how we did it in 2013.

CLINTON GLOBAL INITIATIVE

$2 Million Committed to Avoid 2,850 Tons of Greenhouse Gas Emissions

At the Clinton Global Initiative Annual Meeting, Alcoa Foundation and Keep America Beautiful announced a...
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SOCIETY OF WOMEN ENGINEERS

612 Young Girls and 2,000 Women Learn About Engineering

Women engineers from the schools of engineering at Purdue University, University of Michigan and Ohio State...
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YOUTH DEVELOPMENT FOUNDATION SKILLS USA

Stage set for 10 News Skills USA Chapters

Skills USA promoted manufacturing careers with high schools and Alcoa’s nine locations in southern California...
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GLOBAL RELEAF

175,000+ trees planted across 19 global locations

Alcoa Foundation and American Forests Global ReLeaf planted more than 175,000 trees across 19 global project sites...
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NET IMPACT

Thousands of students take 50,000 environmental actions for change

Net Impact's Small Steps, Big Wins Campus Challenge empowers undergraduates to take small steps to create big social and...
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TIMES SQUARE ALLIANCE/BIG BELLY SOLAR

High-tech waste bins to capture and recycle 650,000 lbs of aluminum

Alcoa Foundation partnered with New York City and the Times Square Alliance to debut BigBelly Solar waste and recycling...
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DISASTER RELIEF

8 Disaster Relief Grants Made in 2013

Alcoa Foundation provides financial support to relief and humanitarian organizations when disasters strike...
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At the Clinton Global Initiative Annual Meeting, Alcoa Foundation and Keep America Beautiful announced a commitment to increase U.S. recycling rates to 75 percent, generating close to 300 additional tons of recycled content. Action to Accelerate Recycling will increase awareness, create incentives, and provide access and infrastructure to support recycling. The $2 million commitment is expected to result in the avoidance of more than 2,850 tons of greenhouse gas emissions.
“We are singularly focused on influencing people’s recycling behaviors at work, at home and at play through education, programs and awareness campaigns.”
– Matthew McKenna, President and Chief Executive Officer (former), Keep America Beautiful
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Society of Women Engineers
Women engineers from the schools of engineering at Purdue University, University of Michigan and Ohio State University made engineering come alive for 612 middle-high schools girls through stories about their journeys and aspirations, hands-on activities, and tours of engineering departments. The campus events were organized under the umbrella initiative “GREAT (Girls Research Engineering and Technology Day.” Findings from the evaluations showed a high level of success with 70% indicating an interest in engineering careers, and 72% reporting increased confidence in their abilities to become engineers.

Another success was the 2013 conference held in Baltimore, where over 2,000 professional women and students attended sessions about women in engineering. Alcoa’s panel talked about their engineering careers and how their profession histories leveraged Alcoa’s Technical Advantage – a unique model to ensure the maximum deployment of Alcoa’s expertise in all phases of customer engagement.
“GREAT Day gave me the opportunity to explore what I thought about going into engineering while interacting with other girls around my age.”
– a student participant after the University of Michigan event
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Youth Development Foundation Skills USA
Skills USA promoted manufacturing careers with high schools and Alcoa’s nine locations in southern California and reached out to high school manufacturing instructors and the Career and Technical Education Administration in Southern California. At the WESTEC 2013 event, Skills USA hosted a booth that was visited by Career Technical Education (CTE) teachers, other education practitioners and industry representatives about manufacturing careers that require certification or two-year degrees for high paying skilled trades, technician and operator positions. WESTEC is the West Coast’s premier technological showcase for the manufacturing industry. Generations of manufacturers have used the event as a forum to find cutting-edge equipment, explore advanced technologies, and learn innovative new production methods to help grow their businesses. The stage is set in 2014 to have a minimum of ten new Skills USA chapters organized with high schools to engage youth in community-based projects and local mentors from the skilled trades and other middle skill occupations.
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Global ReLeaf
Alcoa Foundation and American Forests Global ReLeaf planted more than 175,000 trees across 19 global project sites in 2013. The trees were planted as part of Alcoa Foundation’s Ten Million Trees program, a commitment to plant 10 million trees by 2020, with more than seven million planted so far.

Since 2010, Alcoa Foundation and American Forests have worked together to enhance, beautify, restore and protect forests in 15 countries and nine U.S. states through 29 unique projects. Through the dedication of Alcoa employees, local communities and partners, more than 520,000 trees were planted in the first two years of the partnership.To learn more about the 2013 Alcoa Foundation Global ReLeaf programs visit the website.
“We at American Forests greatly appreciate Alcoa Foundation’s ongoing partnership to restore forest ecosystems through planting millions of trees. Alcoa’s commitment helps communities across the globe. Healthy forests are critical for a healthy planet and are an essential way to improve quality of life for people living in these communities.”
– Scott Steen, President & CEO, American Forests
Alcoa employees from Whitehall Michigan plant trees with the Muskegon Conservation District
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Net Impact
Net Impact's Small Steps, Big Wins Campus Challenge empowers undergraduates to take small steps to create big social and environmental change. Alcoa Foundation is the inaugural sponsor of the program.

Throughout 2013, thousands of students on 62 campuses took over 50,000 actions ranging from refusing a plastic bag to recycling electronics to organizing volunteer activities. In taking these actions, students raised $12,279.50 in donations for nonprofit organizations.
“The most inspirational thing is that we've started something. Students are not simply reporting actions they've done, but are changing their lifestyles to better our world.”
– Shelby Hansen, Oklahoma State campus leader
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Alcoa Foundation partnered with New York City and the Times Square Alliance to debut BigBelly Solar waste and recycling stations, the largest recycling program in Times Square. BigBelly stations channel solar energy to compact garbage on-site and hold five times the capacity of traditional sidewalk receptacles. Not only does this partnership promote recycling and sanitation in one of the busiest neighborhoods in the world, it also reduced transportation and labor costs for New York City, as the bins do not need to be emptied as frequently, curbing greenhouse gas emissions by 80 percent.

A grant of $250,000 from Alcoa Foundation paid for the installment of 30 high-tech BigBelly stations in Times Square for two years. During that time, the bins are expected to capture and recycle 650,000 pounds of aluminum and 2.6 million pounds of other recyclable material. Times Square has between 350,000 to 450,000 visitors pass through on foot every day.

n March 15, 2013, Michael Bloomberg, former Mayor of NYC, and Klaus Kleinfeld were joined by NYC’s Department of Sanitation Commissioner John J. Doherty, Times Square Alliance President Tim Tompkins, and BigBelly Solar CEO Jim Norrod to unveil the first of the BigBelly stations during a press conference and ribbon cutting ceremony in Times Square.
“We want to encourage visitors to Times Square to recycle so we are trying to make recycling easier. By year’s end, our Administration will put 1,000 new recycling containers on streets in all five boroughs. Making recycling easier for New Yorkers will build on our work to make our entire system of solid waste management less polluting, more energy-efficient, and more sustainable, both economically and environmentally.”
– Michael Bloomberg, former Mayor of NYC
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Alcoa Foundation provides financial support to relief and humanitarian organizations when disasters strike communities where Alcoa operates. To meet local needs, Alcoa Foundation responds quickly and utilizes our global network of employees to identify nonprofits in each region that are aiding in recovery after floods, fires, tornados, storms and other natural disasters. In 2013, Alcoa Foundation made eight disaster relief grants and also matched employee donations to the relief efforts.
After the catastrophic tornado hit Moore, Oklahoma on May 20, 2013, Alcoa Foundation partnered with Team Rubicon, a nonprofit that unites military veterans with first responders to deploy emergency response teams into crisis situations. With these funds, Team Rubicon established a six week operation in the area and accomplished the following :
  • Mobilize more than 300 volunteers
  • Perform more than 2,350 damage assessments
  • Complete nearly 225 work orders
  • Remove an estimated 200,000 square feet of debris
  • Save the community more than $1 million
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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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