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ARCO FOUNDATION INVESTS $18.1 MILLION THROUGH NON-PROFIT ORGANIZATIONS IN 1992

 LOS ANGELES, June 24 /PRNewswire/ -- The ARCO Foundation, main philanthropic arm of Los Angeles-based ARCO, invested $18.1 million during 1992, to strengthen the concept of community in regions where the company does business.
 The Foundation's 1992-1993 Annual Report, released today, focuses on the theme of building grassroots leadership. Entitled "Community Leadership: Adding to the Bottom Line," the report describes communities as the backbone of America and recognizes people who take charge of their lives as the ones who make communities work.
 "Communities bring and bind us together," the report states. "They enable us to pursue common goals and promote the common good; yet they allow for individual differences and growth."
 Nevertheless, profound problems are eroding the vitality of communities, with urban communities in particular facing daunting challenges.
 "The American community is an increasingly battered institution," writes Lodwrick M. Cook, chairman and chief executive officer of ARCO and chairman of the ARCO Foundation, in his introductory letter. "What we're seeing in the most distressed communities, the ones most in need of help, is a kind of miracle -- the emergence of a new leadership, men and women who, in the best American tradition, are coming forward just when we need them most."
 The ARCO Foundation's investment strategy places a high premium on local leadership, supporting efforts that encourage economic self- sufficiency, allow people to gain influence over their own lives and release the untapped energy and potential of people.
 The report calls special attention to one community leader, Juanita Tate, executive director of Concerned Citizens of South Central Los Angeles (CCSLA), a grassroots non-profit organization in one of the city's most hard-pressed neighborhoods.
 During 1992, Foundation investments were limited to five interconnected program categories considered critical to community survival -- education, community programs, arts and humanities, environment and public information. Grants were awarded primarily in communities where ARCO employees and facilities are concentrated: the West, Southwest, Alaska and Rocky Mountain states.
 The Foundation invested $11,422,028 directly in 800 organizations that share its priorities for building leadership to reinvigorate those communities.
 More than a third of the Foundation's total grants -- $6,669,881 -- was awarded under its Employee Programs, designed to promote the participation of ARCO employees and retirees as volunteers and donors in the non-profit world. Such individual initiative and involvement, the Foundation believes, leverage the Foundation's investment of capital in the human assets of a community.
 Grants for community programs accounted for the largest share of total Foundation investments in 1992 ($7,760,392), followed by education ($6,239,990), arts and humanities ($2,156,473), environment ($968,640), and public information ($966,414).
 Copies of the Annual Report, which includes all 1992 grants and current guidelines, are available upon request from the ARCO Foundation, 515 S. Flower St., Los Angeles, CA 90071, 213-486-3342.
 -0- 6/24/93
 /CONTACT: Albert Greenstein of ARCO, 213-486-3384/


CO: ARCO Foundation; ARCO ST: California IN: OIL SU:

BP-JL -- LA006 -- 5258 06/24/93 11:02 EDT
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Date:Jun 24, 1993
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