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August 23, 2012

Alcoa Foundation Partners with DonorsChoose.org and GlobalGiving to Support STEM Education and Global Grassroots Projects

Online platform provides efficient approach to charitable giving

NEW YORK--Alcoa Foundation announced today its partnership with online charities, DonorsChoose.org and GlobalGiving, to encourage and empower Alcoa (NYSE: AA) employees, partners and customers to give back in a meaningful and sustainable way. In recognition of its focus areas, Alcoa's key stakeholders can fund programs of their choice focused on the environment and Science, Technology, Engineering, and Math (STEM) education.

DonorsChoose.org supports specific classroom projects at public schools in the United States, and GlobalGiving provides vetted social entrepreneurs and nonprofits anywhere in the world a chance to raise money needed to improve their communities. Through an online platform, these organizations offer an efficient approach to charitable giving.

“By giving people the chance to become micro-grant makers in their own backyard or across international borders, we involve them in our causes and create connections to work that’s being done around the world," said Paula Davis, President, Alcoa Foundation. “This is a great way to educate, engage and inspire our employees and partners and grow support for worthy local efforts.”

According to 2011 Online Giving Report by Blackbaud, online giving is up 13 percent year-over-year, a number that is on the rise. DonorsChoose.org and GlobalGiving allow individual donors to contribute as little as $1 or $10 respectively, to local community based programs and see tangible results.

“Through our partnership with Alcoa Foundation, we expect to fund an estimated 1,000 classroom projects, reaching 2,500 students in communities all across the U.S.,” said Charles Best, Founder and CEO of DonorsChoose.org. “This will help teachers receive the materials they need to not only instruct, but to improve the overall learning experience.”

“Our aim is to unleash the potential of people around the world through grassroots initiatives,” said Donna Callejon, Chief Business Officer, GlobalGiving. “With the help of Alcoa Foundation, we expect individual donations to benefit environmental projects across three continents. These contributions directly support the entrepreneurial work of global project leaders who are bringing innovative, empowering solutions to challenging social problems at the local level.”

About Alcoa Foundation

Alcoa Foundation is one of the largest corporate foundations in the U.S., with assets of approximately US$446 million. Founded more than 50 years ago, Alcoa Foundation has invested more than US$550 million since 1952. In 2011, Alcoa Foundation contributed more than US$20 million to nonprofit organizations throughout the world, building innovative partnerships, engaging its people to improve the environment and educating tomorrow’s leaders. The work of Alcoa Foundation is further enhanced by Alcoa’s thousands of employee volunteers who share their energy, passion and purpose to make a difference in the communities where Alcoa operates. Through the company’s signature Month of Service program, in 2011, a record 56 percent of Alcoa employees took part in more than 1,200 events across 24 countries, reaching 81,000 children, serving 9,000 meals, planting 34,000 trees and supporting 1,800 nonprofit organizations. More information can be found at www.alcoafoundation.com.

About DonorsChoose.org

Founded in 2000, DonorsChoose.org is an online charity that makes it easy for anyone to help students in need. Public school teachers from every corner of America post requests, and individuals can give directly to the ones that inspire them. To date, 235,000 public and charter school teachers have used DonorsChoose.org to secure $119 million in books, art supplies, technology, and other resources that their students need to learn.

About GlobalGiving

GlobalGiving (www.globalgiving.org) enables donors to find and direct funds to high-impact, grassroots projects. GlobalGiving also works in collaboration with corporate partners on international grant management, charity vetting, employee engagement and matching programs, disaster relief, and charity gift cards. Corporate partners include Ford Motor Company, Pepsi, Discovery Communications, Gap Inc., and Alcoa, among others. To date GlobalGiving has facilitated over $65 million in contributions to more than 5,500 projects around the world. For more information, please contact Nicole Kukowski at nkukowski@globalgiving.org.