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July 13, 2011

Alcoa Foundation Honors Pittsburgh Native Bill O'Rourke with $50,000 Donation to Duquesne University

Contribution to fund five $10,000 fellowships for students pursuing MBAs in sustainability

NEW YORK--Alcoa Foundation has announced a $50,000 grant to Duquesne University’s MBA Sustainability program to establish the Bill O’Rourke Alcoa Corporate Sustainability Fellowship. The fellowship honors O’Rourke, Vice President, Sustainability, Environment, Health and Safety, who will retire from the company on August 31. O’Rourke will continue to serve on the Alcoa Foundation Board of Directors.

O’Rourke joined Alcoa in 1975, shortly after he graduated from the Duquesne University School of Law. He held numerous leadership roles during his career with the Company including, Vice President of Global Business Services and Chief Information Officer, Vice President of Audit and head of corporate staff services, including financial shared services, procurement and other administrative services. He also held positions in Alcoa’s legal department as an assistant officer, corporate patent counsel and as assistant general counsel.

“Bill promoted the highest standards in his work, demonstrated outstanding leadership and has been committed to community service and a champion of sustainability throughout his tenure with the company,” said Paula Davis, President, Alcoa Foundation. “It is a privilege to recognize his legacy by supporting the next generation of sustainability leaders.”

A $10,000 fellowship to help finance an MBA in Sustainability will be granted to one graduate student per year over the next five years. The program is an intensive 12-month, full-time program designed to meet the demand for next-generation leaders who understand how planned growth, ethics, community and the environment impact business strategy, value creation and shareholder return. Fellowship recipients will conduct research and share knowledge on emerging challenges relative to the ethical management of social, environmental and financial resources.

“Alcoa has been a valued partner since the beginning of our MBA Sustainability program in 2007,” said Dr. Alan Miciak, dean of the Palumbo Donahue School of Business. “The O’Rourke Alcoa Fellowship continues our partnership to advance sustainable business thinking and practice.”

Duquesne is ranked 18 in the world and second among schools of its size by the Aspen Institute for integration of sustainability content into its academic programs. In addition, the MBA Sustainability faculty won the inaugural Page Prize for the best U.S. sustainability curriculum.

Admission to each year’s cohort is highly selective, with students from around the world competing for only 25-35 positions. Since its launch in fall 2007, more than half of each class has been composed of students from beyond the Pittsburgh region including 19 states, the District of Columbia, China, India, France and Korea.

About Alcoa Foundation

Alcoa Foundation is one of the largest corporate foundations in the U.S., with assets of approximately US$436 million. Founded more than 50 years ago, Alcoa Foundation has invested more than US$530 million since 1952. In 2010, Alcoa Foundation contributed nearly US$20 million to nonprofit organizations throughout the world, focusing on promoting environmental stewardship, enabling economic and social sustainability, and preparing tomorrow’s leaders through education and learning. The work of Alcoa Foundation is further enhanced by Alcoa’s thousands of employee volunteers, who in 2010 gave more than 720,000 service hours. Through the company’s signature Month of Service (October) program, Alcoa (NYSE:AA) employees share their energy, passion and purpose to make a difference in our communities. In 2010, a record 49 percent of Alcoans took part in nearly 1,000 Month of Service events across 24 countries, reaching 59,000 children, serving 17,000 meals, planting 16,000 trees and supporting 3,000 nonprofit organizations. For more information about Alcoa Foundation, please access www.alcoa.com/foundation.

Duquesne University

Founded in 1878, Duquesne is consistently ranked among the nation's top Catholic universities for its award-winning faculty and tradition of academic excellence. The University is nationally ranked by U.S. News and World Report and the Princeton Review for its rich academic programs in 10 schools of study for 10,000-plus graduate and undergraduate students, and by the Washington Monthly for service and contributing to students’ social mobility. Duquesne is a member of the U.S. President’s Higher Education Community Service Honor Roll with Distinction for its contributions to Pittsburgh and communities around the globe. The U.S. Environmental Protection Agency and the Princeton Review’s Guide to Green Colleges acknowledge Duquesne’s commitment to sustainability.