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Annual Report 2001
Annual Report Home
Letter to Shareholders
Alcoa's Way
News.01
Alliances
Acquisitions
Divestitures
Innovations
ABS Progress
Focus on Environment
Safe and Sound
New! From Alcoa
As Others See Us
At Work in the Community
Global Reach and Local Impact
Overview
Financial and Corporate Data Downloads
Trends in Major Markets
Management Team
Vision and Values
Great Smoky Mountains: hands-on biology lesson
Student Cody West shows Alcoan Dale Huddleston the role the lowly salamander plays in the Appalachian ecosystem in the Great Smoky Mountains National Park. Residential environmental programs at the Great Smoky Mountain Institute at Tremont, in Blount County, Tennessee, have been strengthened by a $250,000 grant from Alcoa Foundation. The money will help provide capital improvements, scholarships for low-income students, and science programs in a community where Alcoa has operated for 90 years.




Global Reach and Local Impact

In 2001, Alcoa and Alcoa Foundation (including grants from Alcoa-Alumax Foundation and Instituto Cultural e Filantropico Alcoa) contributed more than $52 million to causes ranging from humanitarian relief efforts in Peru, India, France, and the U.S. to specific community needs. Thousands of individual Alcoans also volunteered their skills and time. Alcoans in action are shown throughout this News section.

Alcoa Foundation (AF) made grants totaling $21.3 million, to fund 2,500 initiatives in 26 countries.

Thirteen grantmaking teams guided community giving. Resources include materials and Alcoa volunteers, in addition to funding. The teams operate within areas of excellence: Conservation and Sustainability; Safe and Healthy Children and Families; Skills Today for Tomorrow; Global Education in Science, Engineering, Technology and Business; and Business and Community Partnerships.

AF also expanded community support with ACTION, shorthand for Alcoans Coming Together in Our Neighborhoods. This program recognizes employee involvement with nonprofit organizations with $3,000 grants to those where Alcoa teams give a day of volunteer service. In 2001, more than 100 teams volunteered in more than 50 communities worldwide.

Corporate contributions were approximately $13 million in grants and $18 million in one-time gifts related to real estate. These gifts included the difference between appraised value and what the University of Richmond paid for the former Reynolds Metals headquarters and endowment of Pittsburgh’s Regional Enterprise Tower, Alcoa’s former headquarters building.
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