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Combined Community Investing—Approach
Alcoa Foundation's global and local grantmaking is responsive to the needs and aspirations of Alcoa communities and marshals the combined expertise, energies, and values of Alcoa and Alcoa Foundation to provide a world-class standard of excellence in corporate citizenship. Each year, Alcoa and Alcoa Foundation together donate millions of dollars in community investment grants in communities in which Alcoa operates worldwide.
In 2007, our combined giving totaled more than US$49 million. Alcoa Foundation provided more than US$28 million in grants in 36 countries where Alcoa operates, with Alcoa and Alcoa-related foundations contributing another US$21 million to support projects and partnerships with non-governmental organizations (NGOs) around the world.
Communities where Alcoa has a presence are the primary focus of Alcoa Foundation's grantmaking programs. The portfolios of social investments are developed with input from regional and business unit lead teams and community advisory groups worldwide who make grant recommendations for their locations and develop community investment strategies based on their assessment of local conditions and opportunities to make a difference.
Through disaster relief grants and employee volunteer initiatives like ACTION and Bravo!, additional resources are made available to Alcoa communities. The Foundation also supports a range of national, international, and policy organizations that address priority societal and global issues that align with its Areas of Excellence.
Alcoa Foundation's community investments continue to be guided by five strategies that align with Alcoa's aspirations as a company:
- Strong Program Focus: By focusing programming around four thematic Areas of Excellence, Alcoa Foundation develops and applies expertise on priority issues that results in measurable outcomes and impacts.
- Leveraging for Positive Change: Alcoa and Alcoa Foundation leverage funding, organizational expertise, assets, and values to strengthen the services and performance of NGOs to better contribute to the sustainability and quality of life in communities in which Alcoa operates.
- Globalizing Programs and Networks: Alcoa and Alcoa Foundation's expanding presence in a growing number of countries and communities is increasing the Foundation's reach and impact by combining its expertise with the on-the-ground knowledge and experience of Alcoa employees in business units around the world.
- Operating Efficiently and Measuring Outcomes: The Foundation increases efficiency in the management of its community investing and drives measurement, evaluation, and improvement of program outcomes.
- Communicating and Sharing Best Practice: To enhance the impact and potential of its investments, the Foundation uses global expertise and reach to bring visibility and share knowledge with Alcoa employees, their communities, and stakeholders.
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