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

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

    $3 Million Focused on Diversity Programs Highlighted on International
                          Corporate Philanthropy Day

Business Wire

NEW YORK -- February 25, 2013

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.

Contact:

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