OVERVIEW: The Alcoa Foundation supports organizations and programs that advocate for climate change prevention and promote sustainable solutions to reduce the impact of climate change and increase resilience.
IP TAKE: Alcoa typically funds large climate change nonprofits.
PROFILE: The Alcoa Foundation is the charitable arm of the global aluminum supply company Alcoa Inc. In 2016, the company separated into the Alcoa Corporation and Arconic Inc. and established a “new” Alcoa Foundation. At that time, the company transferred all the assets from its charitable arm, now known as the Legacy Alcoa Foundation, into two new foundations. The foundation’s seeks to “contribute to environmental excellence, economic success and social responsibility around the globe.” Approximately 50 percent of its grantmaking budget supports organizations that address the needs of the local communities in which the company has a presence. Its key priorities include education, environment, governance and community enhancement.
The remainder of the foundation’s budget funds its Signature Grants program. The program intends to build climate change resilience and promote biodiversity. Alcoa awards Signature Grants to “leading global nonprofit organizations.” As a result, smaller or less established organizations will incur a difficult time securing a grant.
Alcoa’s climate change grantmaking supports projects that focus on research, education, programs, and sustainable solutions to manage and reduce the impact of climate change.
The foundation’s latest tax filings reveal that the majority of its grants range from $10,000 to $75,000. Alcoa does not accept unsolicited grant applications or requests for funding.
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