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April 23, 2007
Alcoa and Alcoa Foundation Report 2006 Combined Investments of More Than $42 Million in Alcoa Communities Worldwide
PITTSBURGH--(BUSINESS WIRE)--Alcoa (NYSE:AA)
and Alcoa Foundation, the second largest corporate foundation in the
United States, announced that total combined giving in 2006 was a record
$42.3 million, up from $39.9 million in 2005 and $28.8 million in 2004.
Highlights of 2006:
Alcoa Foundation made 950 grants totaling $26 million to 1,299
organizations in more than 32 countries during 2006, including
investments in new Alcoa communities around the globe such as Iceland
A strengthened focus on employee volunteering, including a global “Month
of Service” which involved thousands of
Alcoa volunteers at more than 657 events in more than 200 communities
in 36 countries (up from 340 events and 27 countries in 2005).
Over the year, Alcoa employees volunteered more than 500,000 hours of
service to community organizations. This earned non-governmental
organizations (NGOs) in 28 countries over $3 million in grants under
Alcoa’s employee engagement programs.
Alcoa Foundation’s $8.6 million Conservation
and Sustainability Fellowship Program is a six- year program to
advance knowledge and support exemplary work in the field of
conservation and sustainability through fellowships to outstanding
academics and practitioners from NGOs around the world. The program is
supporting research by approximately 30 academic and 60 practitioner
Launch of Alcoa Foundation’s Global
Conservation & Sustainability Network at the first Advancing
Sustainability worldwide conference in Brussels. This brought
together 140 NGO partners, government officials, diplomatic and
business representatives, and Alcoa Foundation fellows--future leaders
Sponsorship of Art in America: 300 Years of Innovation, the
first survey of American art ever to be presented in the People’s
Republic of China--featuring approximately 130 important works.
Organized by the Solomon R. Guggenheim Foundation (New York) in
partnership with the Terra Foundation for America Art (Chicago), the
exhibit will travel to Russia and Spain during 2007.
Increased focus on programs to foster science, math, and environmental
education in students from kindergarten through grade 12 and
post-secondary level in Pennsylvania, Michigan, Virginia, Tennessee,
Illinois, New York, Texas, California, and Ohio.
Continued Focus on Conservation and Sustainability
In keeping with Alcoa’s corporate leadership
in sustainability and conservation, Alcoa Foundation developed
partnerships with international organizations with proven track records
in addressing global issues in sustainability (economic, environmental,
- The Nature Conservancy– $775,000 in
multi-year grants for significant conservation projects in the United
States, China, and Australia.
- World Resources Institute (WRI)– A
$1.12 million three-year grant for programs in global climate change,
sustainable mobility, and enterprise and community development--key
areas where sustainable solutions can reverse harmful global
environmental trends. Activities will be implemented in the United
States, China, Brazil, and Mexico.
- Conservation International (CI)–
$1.15 million for projects in Brazil (forest conservation) and China
(freshwater conservation planning and accelerating community ecosystem
education programs) and the Business and Biodiversity Offsets Program
(BBOP) that focuses on potential habitat loss and its effect on
- World Wildlife Fund (WWF)– A
$400,000 multi-year grant for continuation of the Education for Nature
(EFN) program with communities and stakeholders from the Yangtze River
Basin and in Yunnan Province of China.
- Sustainability projects in Russia –$226,000 to support environmental education and non-governmental
Community Investments Expand Around the Globe
Alcoa’s expanding global footprint has
created new communities and partners, and new opportunities to extend
our corporate philanthropy. Examples of 2006 investments in new Alcoa
- Juruti Region of Brazil: Two projects with the Instituto de
Cidadania Empresarial and Conservation International-Brazil will
improve the livelihoods of citizens and safeguard the area’s
- Iceland: Funding will modernize and update the local hospital
in East Iceland, the location of Alcoa’s
new smelter scheduled to begin production this month.
- Ghana: Construction of a youth health center will improve
access to health care and provide vocational training.
- Guinea: Drilling and installation of wells to provide a
permanent water supply to 10 villages.
Alcoa’s first Worldwide Month of Service in
October 2006 involved more than 14,000 employees in 657 events at more
than 200 locations in 36 countries. More than 6,500 employees
participated for the first time and the number of events nearly doubled
from 2005, including locations in Bahrain, Egypt, Guinea, Honduras,
Iceland, India, Ireland, Nepal, and South Korea.
Signature events--such as Australia National Safety Day, Canada St.
Lawrence River Cleanup, and the Switzerland Lake Geneva cleanup--were
coordinated nationally or regionally with other community partners to
increase the overall impact. More than 100 events were dedicated to
environmental restoration, rehabilitation, and education, and more than
125 events focused on improving health and safety in local communities.
In 2006, Alcoa employees volunteered close to 500,000 hours of community
service through the ACTION (Alcoans Coming Together In Our
Neighborhoods) and Bravo! Programs, with grants of $3.1 million to the
nonprofits and NGOs they served.
Positive Community Change
Now entering its 55th year, Alcoa Foundation
has invested nearly $437 million since its inception in 1952. “While
our scope has grown dramatically over the years, our goal has remained
steadfast,” said Chairman and CEO Alain
Belda. “The greatest value we bring is the
ability to make a lasting difference in our communities--through
commitment, volunteerism, and sustainable partnerships. There is no
better testament to a company’s values than
to improve the lives of our fellow citizens.”
Alcoa (NYSE:AA) is
the world's leading producer and manager of primary aluminum, fabricated
aluminum and alumina facilities, and is active in all major aspects of
the industry. Alcoa serves the aerospace, automotive, packaging,
building and construction, commercial transportation and industrial
markets, bringing design, engineering, production and other capabilities
of Alcoa's businesses to customers. In addition to aluminum products and
components, Alcoa also markets consumer brands including Reynolds Wrap®
foils and plastic wraps, Alcoa® wheels, and
Baco® household wraps. Among its other
businesses are closures, fastening systems, precision castings, and
electrical distribution systems for cars and trucks. The company has
122,000 employees in 44 countries and has been named one of the top most
sustainable corporations in the world at the World Economic Forum in
Davos, Switzerland. More information can be found at www.alcoa.com.
About Alcoa Foundation
Alcoa Foundation is a separately constituted nonprofit U.S. corporate
foundation with assets of approximately $534 million. Its mission is to
actively invest in the quality of life in Alcoa communities worldwide.
Throughout its history, the Foundation has been a source of positive
community change and enhancement, with nearly $437 million invested
The Foundation's grants address global and local needs in over 30
countries by partnering with Alcoa communities around the world to make
a difference. Global and local grantmaking is responsive to the needs
and aspirations of Alcoa 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, Alcoa and Alcoa Foundation invested a combined total of $42.3
million in community programs in 32 countries, focusing on four areas of
excellence: conservation and sustainability, global education and
workplace skills, business and community partnerships, and safe and
healthy children and families. Alcoa Foundation manages the Alcoa
employee volunteer programs ACTION and Bravo! For more information,
visit www.alcoa.com, under Community.