Alcoa Foundation
- Assets
- $128.3m
- Revenue
- $13.2m
- Investments
- $127.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 36-4831759
Organization Overview
Alcoa Foundation is located in Pittsburgh, PA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alcoa Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Alcoa Foundation generated $13.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Alcoa Foundation has awarded 482 individual grants totaling $31,135,604. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosa Garcia Pineiro President | 22 | $106,234 | |
Robert Bear Director (entered 06/2022) | 1.5 | $0 | |
Otavio Carvalheira Director | 1.5 | $0 | |
Anne-Catherine Couture Director | 1.5 | $0 | |
Michael Gollschewski Director (exited 11/2022) | 1.5 | $0 | |
Sonya Elam Harden Director | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alcoa Corporation | 12/30/19 | $552,744 |
Bank Of New York Mellon | 12/30/19 | $163,244 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $4,011,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,841,355 |
| Capital Gain Net Income | $8,608,965 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $375,893 |
| Total Revenue | $13,229,137 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $218,364 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $117,992 |
| Interest | $0 |
| Taxes | $20,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $142,404 |
| Total operating and administrative expenses | $880,557 |
| Contributions, gifts, grants paid | $6,709,168 |
| Total expenses and disbursements | $7,589,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,585 |
| Savings and temporary cash investments | $710,364 |
| Net Accounts receivable | $133,085 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,778,315 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $102,859 |
| Total assets | $128,278,678 |
| Accounts payable and accrued expenses | $60,674 |
| Grants payable | $2,595,454 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,656,128 |
Grants Awarded
Over the last fiscal year, Alcoa Foundation has awarded $8,278,758 in support to 116 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMOS CYBERMENTORAT PURPOSE: EXPLORING THE MANUFACTURING SECTOR AND ITS POSSIBILITIES FOR YOUNG QUEBECERS | $35,000 |
ANGLICARE WA PURPOSE: CORPORATE VOLUNTEER DAY FOR ALCOA FOUNDATION 70TH BIRTHDAY | $50,000 |
ACCEM PURPOSE: HUMANITARIAN AID FOR INDIVIDUALS AND/OR COMMUNITIES IMPACTED BY THE CONFLICT IN UKRAINE WHO HAVE BEEN DISPLACED TO SPAIN. | $50,000 |
ALUMINIUM STEWARDSHIP INITIATIVE LTD PURPOSE: INDIGENOUS-LED WORKSHOPS - PHASE 2 - GUINEA | $50,000 |
AVID CENTER PURPOSE: EMPOWERING NORTH STANLY AND ALBEMARLE HIGH SCHOOL STUDENTS THROUGH AVID | $51,078 |
BARN FRA UKRAINA PURPOSE: THE GRANT MONEY RAISED THIS TIME GOES TO FOOD, MATTRESSES, MEDICINES, AND HYGIENE ITEMS PURCHASED IN UKRAINE AND POLAND AND DISTRIBUTED AMONG THE REFUGEES | $36,000 |