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Alcoa Foundation Gives $50,000 Grant to Junior Achievement International; Program Will Teach Global Business Ethics to Young Students COLORADO SPRINGS, Colo. & PITTSBURGH--(BUSINESS WIRE)--Feb. 14,
2002--Alcoa Foundation announced today a $50,000 grant to Junior
Achievement International, a non-profit organization that teaches free
enterprise to students.
JAI is developing a Global Business Ethics program to help
students make conscientious, ethical business decisions and help them
understand the responsibility that business has to the community. This
grant will provide funding for an inaugural business ethics
competition to be held annually in conjunction with the new
curriculum. The competition will take place via the Internet with
local, state, country and world rounds. Students will be paired
together with students from different countries to solve ethical
business dilemmas to test their integrity and character.
"This program underscores Alcoa's commitment to fostering openness
and transparency in business and Alcoa Foundation's commitment to
global education," said Kathleen Buechel, president of Alcoa
Foundation in Pittsburgh. "We're pleased to join with Junior
Achievement International to help young people learn about the ethics
of decision making and then apply what they've learned with their
Junior Achievement 'colleagues' around the globe," she said.
"We have always told students that well-run businesses operate
ethically," said Paul Ostergard, president & CEO for Junior
Achievement International. "JAI is excited about working with Alcoa
Foundation to offer young people worldwide an opportunity to learn
specifics about business ethics in a competitive, interactive way."
Junior Achievement International was established in 1994 to expand
the reach of Junior Achievement outside the USA and currently reaches
more than 1.75 million students in 112 countries around the world with
high quality business and economic education courses.
Alcoa Foundation is a global resource that actively invests in
improving the quality of life in more than 25 countries around the
world where Alcoa operates. In addition to community grants addressing
local needs, the Foundation provides global grants focusing on Areas
of Excellence, including: Global Education in Science, Engineering,
Technology and Business; Business and Community Partnerships;
Conservation and Sustainability; Safe and Healthy Children and
Families; and Skills Today for Tomorrow. For more information about
Alcoa Foundation, visit www.alcoa.com ; click on "Community."
Alcoa (NYSE:AA) is the world's leading producer of primary
aluminum, fabricated aluminum and alumina. It is active in all major
aspect of the industry -- technology, mining, refining, smelting,
fabricating and recycling. Alcoa has 129,000 employees in 38
Junior Achievement is the world's oldest, largest and
fastest-growing nonprofit economic education organization. JA operates
in thousands of communities across the U.S. through a network of 156
offices. Junior Achievement International (www.jaintl.org) is
responsible for developing and serving JA programs in 112 countries.
Over 5.5 million young people participate annually in JA programs
around the world from Albania to Zimbabwe.