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ARCO FOUNDATION INVESTS $19.6 MILLION THROUGH NON-PROFIT ORGANIZATIONS IN 1991

 ARCO FOUNDATION INVESTS $19.6 MILLION
 THROUGH NON-PROFIT ORGANIZATIONS IN 1991
 LOS ANGELES, July 2 /PRNewswire/ -- The ARCO Foundation, chief philanthropic arm of Los Angeles-based ARCO (NYSE: ARC), invested a total of $19,575,000 during 1991 to help broaden opportunities and improve the quality of life in the diverse communities where ARCO does business.
 The foundation's 1991-1992 annual report, released today, notes that ARCO views its $19.6 million in grants to the non-profit sector last year as investments in America's future rather than as charitable gifts.
 Entitled "The New Corporate Philanthropy: Investing for Results," the report points out that the foundation's "Wall Street strategy" is aimed at building healthier communities with greater numbers of self-sufficient people.
 "If we have taken any lesson from our recent experience, it is that the corporation, working with government and the non-profit sector, must step forward to accept a major share of the responsibility for the country's future," said Lodwrick M. Cook, chairman and chief executive officer of ARCO and chairman of the ARCO Foundation, in introducing the report.
 "Since the 1970s, at least, ARCO has been seriously involved in efforts to ameliorate and, so far as possible, help correct social distortions," he added. "The experience has sobered our expectations, but it has not defeated our hopes."
 In the last five years alone, the ARCO Foundation has invested more than $52 million, most of which was applied to help combat the underlying causes of economic and social disparity in ARCO communities.
 The foundation, the report explains, has put human muscle behind its grantmaking by investing $25 million during this same period to promote the personal participation of ARCO employees and retirees in philanthropy and voluntarism.
 More than a third of the foundation's grants in 1991 -- $6,731,359 -- were awarded under its employee programs as a means of encouraging employees and retirees to donate their time and money to a wide variety of non-profit groups.
 In addition, the foundation made direct investments of $12,843,641 during the year in 775 non-profit organizations that share its priorities for strengthening ARCO communities.
 Grants for community programs accounted for the largest share of total foundation investments in 1991 (40 percent), followed by education (36 percent), the arts and humanities (14 percent), environmental programs (5 percent) and public information programs (5 percent).
 The foundation's investment strategy follows a carefully targeted approach that considers society's most pressing problems and their relationship to ARCO's business interests. Grants are concentrated in geographic areas where ARCO has major operations: the West, Southwest, Alaska and Rocky Mountain region.
 The 1991-1992 annual report outlines some of the outstanding results the foundation has achieved through its investments in non- profit organizations. Among them are:
 -- The Mathematics, Engineering, Science Achievement (MESA) program, which offers special support and counseling services to low- income, historically under-represented students. Nearly 90 percent of the high school graduates involved in MESA activities go on to college and major in math-based disciplines. The ARCO Foundation supports MESA and similar programs in Southern California, Arizona, New Mexico, Colorado and Texas;
 -- Local Initiatives Support Corp. (LISC), a pioneer in generating and directing private sector resources to non-profit community-based organizations to build decent, affordable housing. In Los Angeles, LISC has leveraged more than $4 million in loans to construct more than 1,300 units of affordable housing and nearly 200,000-square-feet of commercial space in low-income neighborhoods since 1984. In 1991, the foundation invested in a new project, the Los Angeles Collaborative for Community Development, to help community groups increase their capacity to develop and maintain low- income housing;
 -- The Midland-Odessa (Texas) Symphony and Chorale whose Youth Music Education Program during 1991 presented concerts for 15,000 public school youngsters and sponsored additional outreach activities;
 -- American Greenways, an initiative of The Conservation Fund that brings together local organizations to create corridors of public and private land joining open spaces for public access. An ARCO Foundation investment in 1991 helped further progress on a 200-mile greenway from Portland, Ore., to the Pacific; and
 -- Alaska Public Radio Network's National Native News, the only daily news and information source by and for native Americans in any communications medium.
 Copies of the annual report, which includes all 1991 grants and 1992 guidelines, are available upon request from the ARCO Foundation, 515 S. Flower St., Los Angeles, CA 90071; phone: 213-486-3342.
 -0- 7/2/92
 /CONTACT: Albert Greenstein of ARCO, 213-486-3384/
 (ARC) CO: ARCO; ARCO Foundation ST: California IN: OIL SU:


EH-JL -- LA004 -- 6182 07/02/92 13:02 EDT
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Date:Jul 2, 1992
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