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About the Foundation

Alcoa Foundation allocates approximately one-half of our grantmaking budget to Alcoa’s global operating locations, consulting with stakeholders to craft meaningful community investment strategies addressing local needs and priorities. The balance of Alcoa Foundation awards is used to strategically develop signature partnerships across geographies that drive impact in our funding priority areas of Environment and Education & Workforce Development.

Alcoa Foundation’s predecessor, currently known as Legacy Alcoa Foundation (and formerly known as Alcoa Foundation), was founded in 1952 as one of the few endowed corporate foundations in the United States. As a result of the separation of Alcoa Inc. into Alcoa Corporation and Arconic Inc. in November 2016, two new foundations were formed, into which the assets of Legacy Alcoa Foundation were transferred. All references to “Alcoa Foundation” refer to the new Alcoa Foundation formed in 2016 and associated with Alcoa Corporation.