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ALCOA FOUNDATION GRANTS TOTALED $11.9 MILLION IN 1991

 ALCOA FOUNDATION GRANTS TOTALED $11.9 MILLION IN 1991
 PITTSBURGH, April 22 /PRNewswire/ -- Alcoa Foundation made some


2,600 grants in 1991 totaling $11.9 million, it was announced today.
 In the Pittsburgh area in 1991, Alcoa Foundation grants totaled $3.4 million. Grants were to a wide range of charitable institutions and projects represented nearly 30 percent of the foundation's total worldwide giving. For example, low-income, affordable housing efforts in the area received grants totaling $180,000, while those for disabled and impaired people totaled $243,000.
 On a worldwide basis, Alcoa Foundation grants for education were $5.5 million, the largest share of the foundation's giving in 1991, accounting for 46 percent of the value of all grants. This includes matching employees, retirees and directors contributions to higher education. Gift matching totaled $1.4 million in 1991.
 Health and welfare grants accounted for $3 million, or 25 percent of the total. This was followed by cultural grants of $1.3 million, or 11 percent of the total; civic and community grants totaled $1.2 million, or 10 percent; and youth organizations received nearly $713,000, or 6 percent of the 1991 total.
 Reviewing the year, Alcoa Foundation President F. Worth Hobbs said: "Grants in 1991 reflected our continuing emphasis on education, particularly in pre-college programs that focus on math and science. We believe early education in these subjects, especially in the pivotal grade-school years, can enhance the nation's pool of technical talent. We expect to increase support in early childhood education," he said.
 "The fastest growing area of Alcoa Foundation giving is the health and welfare segment. The foundation is devoted to helping those who lack the resources and opportunities to realize their full potential. Significant cutbacks in public funding in this area, as well as increased competition for funding in the entire nonprofit sector, have created an increase in demand for funds," Hobbs said.
 Alcoa Foundation's endowment increased $35 million in 1991 to close the year at $267 million. It remains the largest asset-based corporate foundation in the United States.
 -0- 4/22/92
 /CONTACT: Joyce A. Krystyniak of Alcoa, 412-553-4467/ CO: Alcoa Foundation ST: Pennsylvania IN: SU:


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Date:Apr 22, 1992
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