Alcoa and Alcoa Foundation Announce Annual 2012 Giving Totaling More than $40 Million and 800,000 Hours of Volunteerism

Mon Feb 25, 2013 6:26pm EST

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$3 Million Focused on Diversity Programs Highlighted on International Corporate
Philanthropy Day
NEW YORK--(Business Wire)--
Alcoa (NYSE:AA) and Alcoa Foundation announced combined community giving of more
than $40 million in 2012, compared with $38 million in 2011, as well as 800,000
hours of employee volunteerism worth $29 million. The annual giving results were
released today in recognition of International Corporate Philanthropy Day, which
celebrates business-community partnerships around the world. 

Alcoa Inc. contributed $18 million last year to support projects and
partnerships with non-governmental and nonprofit organizations around the world.
In addition, Alcoa Foundation directed $21.5 million in funding towards
enhancing the environment, educating tomorrow's workforce for careers in
advanced manufacturing and engineering, and strengthening communities where
Alcoa operates around the world. In Brazil, Instituto Alcoa distributed $1.5
million towards programs that meet the needs of people and communities near
Alcoa`s operations. 

"Recognizing the changing demographics of the global workforce, in 2012, Alcoa
Foundation began to focus more on targeted programs that reach diverse
populations, particularly in Science, Technology, Engineering and Math (STEM)
education and workforce development in manufacturing," said Paula Davis,
President, Alcoa Foundation and Vice President, Alcoa Inc. 

"International Corporate Philanthropy Day is a great way to celebrate the
breadth of work that corporations do around the world and, for Alcoa, highlight
our regional efforts that serve diverse individuals, from women and girls in
Canada to people with disabilities in Brazil to minorities in the U.S. While
diversity is defined differently across geographic regions, our goals are the
same - to prepare the next generation of leaders for prosperous and satisfying
careers in STEM and manufacturing," said Davis. 

Focus on diversity

According to an analysis by the Society for Human Resource Management, North
American companies embrace change that involves greater diversity overall. In
Western Europe, there is a stronger focus on attracting and retaining female
employees, with less emphasis on other minority groups. In Asia, companies
believe they are already diverse, but that additional measures would ensure
future growth. Alcoa sees opportunities across the board and is already seeing
advancements. 

Alcoa Foundation Diversity Investment Highlights:

* National Society of Black Engineers - NSBE's Summer Engineering Experience for
Kids (SEEK) program increases elementary school students' aptitude in math and
science and their interest in pursuing STEM career fields, by having them engage
in interactive, team-based engineering projects. 
* Society of Hispanic Professional Engineers - Noche de Ciencias for students in
K-12, is a hands-on event that promotes knowledge and interest about science and
engineering as well as scholarship and college opportunities. In addition, there
are college preparation and financial workshops for parents that are facilitated
in English and Spanish. 
* Society of Women Engineers - Student chapters at University of Michigan, North
Carolina A&T State University, Ohio State University, Purdue University and the
University of Tennessee use a variety of programming to spark girls' interest in
engineering and technology, enhancing their understanding and awareness of
STEM-related careers. 
* FHI 360 - Four Pillars PLUS improves primary and secondary education for 500
girls in Guinea by providing scholarships, mentors, workforce readiness
workshops, professional development for teachers, and support for Parent-Teacher
Associations, with an emphasis on the mobilization of mothers. 
* Carrefour Jeunesse-Emploi de Portneuf - Through exploration workshops,
internships and publications, Women Who Dare improves the financial situations
of women in Canada without diplomas and increases the number of women working in
untraditional trades. 
* Civic Center Public Utility Foundation - The Hello Work online employment
agency gives blind or weak-sighted people in Hungary an opportunity to reach the
job market.

Catalyst Award

Earlier this year, Alcoa was named a 2013 Catalyst Award recipient, honoring
innovative organizational approaches that address the recruitment, development,
and advancement of women in the workplace. Alcoa was recognized for its global
initiative, "Building Opportunities for Women in a `Hard Hat` Company," which
showcases how the Company broke down barriers in a male-dominated industry and
achieved greater gender representation and inclusivity through an aggressive
diversity agenda. 

Record Employee Volunteerism

In 2012, Alcoa achieved record employee-community engagement, with 60 percent of
employees participating in the company`s annual Month of Service. In total,
Alcoa`s global workforce volunteered more than 800,000 hours, 15 percent of
which was skills-based, and the equivalent of 385 people working full-time for a
year. 

About Alcoa Foundation

Alcoa Foundation is one of the largest corporate foundations in the U.S., with
assets of approximately US$460 million. Founded 60 years ago, Alcoa Foundation
has invested more than US$570 million since 1952. In 2012, Alcoa Foundation
contributed more than US$21 million to nonprofit organizations throughout the
world, building innovative partnerships to improve the environment and educate
tomorrow`s leaders for careers in manufacturing and engineering. The work of
Alcoa Foundation is further enhanced by Alcoa`s thousands of employee volunteers
who share their talents and time to make a difference in the communities where
Alcoa operates. Through the Company`s signature Month of Service program, in
2012, a record 60 percent of Alcoa employees took part in more than 1,050 events
across 24 countries, benefiting more than 450,000 people and 2,050 nonprofit
organizations. For more information, visit www.alcoafoundation.com and follow
@AlcoaFoundation on Twitter. 

About Alcoa

Alcoa is the world`s leading producer of primary and fabricated aluminum, as
well as the world`s largest miner of bauxite and refiner of alumina. In addition
to inventing the modern-day aluminum industry, Alcoa innovation has been behind
major milestones in the aerospace, automotive, packaging, building and
construction, commercial transportation, consumer electronics and industrial
markets over the past 125 years. Among the solutions Alcoa markets are
flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa
wheels, fastening systems, precision and investment castings, and building
systems in addition to its expertise in other light metals such as titanium and
nickel-based super alloys. Sustainability is an integral part of Alcoa`s
operating practices and the product design and engineering it provides to
customers. Alcoa has been a member of the Dow Jones Sustainability Index for 11
consecutive years and approximately 75 percent of all of the aluminum ever
produced since 1888 is still in active use today. Alcoa employs approximately
61,000 people in 30 countries across the world. For more information, visit
www.alcoa.com and follow @Alcoa on Twitter at twitter.com/Alcoa.

Media Contact
Alcoa Foundation
Malika Harrison, 212-836-2610
or
Alcoa Inc.
Christa Bowers, 212-836-2605 

Copyright Business Wire 2013