Freeport-McMoRan Inc., formerly Freeport-McMoRan Copper & Gold, is a leading natural resources company with a global portfolio of mineral assets, oil and gas resources and a growing production profile. Its portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America; the Tenke Fungurume minerals district in the Democratic Republic of the Congo; and significant U.S. oil and natural gas assets. In 2014, the company reported estimated proved oil and natural gas reserves of 390 million barrels of oil equivalent, posted sales of roughly $21.4 billion and employed about 35,000 workers.
Freeport-McMoRan’s charitable giving combines direct corporate contributions as well as grantmaking through the Freeport-McMoRan Foundation and separate charitable trusts established in Chile, the Democratic Republic of Congo and Indonesia.
In all cases, resources are focused on the areas of education, health and economic development in the local communities where the company has operations.
Some examples of initiatives supported by the company in the United States include:
- Women’s Development Grants. The Freeport-McMoRan Women’s Development Grants program was established with the goal of supporting specific programs and projects that focus on providing women and/or girls opportunities to reach their full potential and achieve economic success. These programs and projects include initiatives in the areas of education, physical/mental health and wellness, entrepreneurship/employment, mentoring or leadership development, with a goal of increasing access to and availability of key services critical to women’s equal participation and success in their communities.
- The Native American Partnership Fund. The NAPF was established to support projects in designated Native American reservation communities that address priority issues and needs identified through ongoing engagement between Freeport-McMoRan and tribal leaders/community members. Priority areas for the fund include education and workforce training, health and wellness, and cultural preservation.
- Science, technology, engineering and math education. The company supports a variety of programs and initiatives that improve STEM education, with the aim to help students acquire the skills necessary for success in a global, knowledge-based economy and society. The company looks for programs that increase student interest, improve teacher quality and confidence and ultimately improve student achievement and outcomes in STEM disciplines, with the ultimate goal of inspiring them to pursue postsecondary degrees or career and technical certifications—and, ultimately, careers—in mining and other STEM-related industries.
As part of this, the company offers STEM Innovation Grants to support K–12 teachers and schools in their efforts to develop, improve or expand innovative instructional programs in STEM subjects. Since the program’s inception in 2008, more than $680,000 has been invested in STEM projects benefiting K–12 schools in Freeport-McMoRan communities.
- Mini-Grants for Education. These grants, ranging up to $500 each, are designed to support K–12 teachers and schools in Freeport-McMoRan communities. Since 2006, nearly $488,000 has been granted through the Mini-Grants program for classroom projects ranging from field trips to literacy efforts to incentives for student performance.
- Employee matching gifts. The Freeport-McMoRan Foundation matches employee contributions of $25 or more, up to an annual maximum of $40,000. The first $1,000 contributed per eligible nonprofit organization is matched on a two-for-one basis, and any amount above $1,000 is matched dollar for dollar. In 2013, the foundation awarded over $5 million to organizations through the matching gift program.
- The Employee Volunteer Fund. Freeport-McMoRan encourages and supports its employees that give back to their communities by awarding grants for volunteer hours served. When an employee volunteers a minimum of 25 hours a year with a nonprofit organization, the organization is eligible to earn a grant of up to $500.
- High-Grade Helpers Employee Volunteer Program. Company-sponsored volunteer opportunities for employees and their families are managed through the High-Grade Helpers program, which gives employees an opportunity to apply their skills to help their communities grow and thrive. High-Grade Helper volunteer projects include park cleanups, food drives, STEM education mentoring and other skills-based activities.
In addition to the ongoing volunteer activities throughout the year, Freeport-McMoRan employees worldwide serve their communities during the company’s annual Global Volunteer Month, which coordinates site-supported projects focused on a selected theme, such as youth development, health and wellness, and environmental stewardship.
- The United Way. Freeport-McMoRan partners with the United Way and runs an employee campaign to raise funds for the United Way chapters located in its operating communities. Employee contributions are eligible for a dollar-for-dollar match from the company’s foundation. More than $7.6 million was raised in combined employee contributions and matching funds from the Freeport-McMoRan Foundation during the 2014 United Way employee giving campaign.
- Disaster relief. The company supports disaster relief efforts by matching employee donations to relief agencies after disaster events. Through the years, the Freeport-McMoRan Foundation gifts combined with employee contributions and matching funds raised:
- $190,000 for tornado relief in the midwestern United States.
- $1.3 million for Japanese earthquake relief.
- $5 million for Chilean earthquake relief.
- Over $800,000 for Haitian earthquake relief.
The company’s community investments abroad are largely directed at education, economic improvement, community development, and health and wellness initiatives.
For example, in Indonesia, the company supports economic development and infrastructure programs, education and training programs, community public health programs and other community development initiatives, including nearly $8 million in the provision of community health and malaria control services.
In the DRC, the company recently supported community infrastructure development, including expansion of the local water system, the construction of administrative offices at two local schools and classroom projects at six other elementary schools serving over 3,000 students.
And in Peru, the company supported local educational institutions, providing computers, equipment for libraries, and audiovisual equipment and additional training for teachers.
For more information, visit the company’s website.