We rely on partnerships with nonprofit organizations and NGOs to develop programs and services that help communities grow and thrive. We are guided by a long-term goal of decreasing community dependencies on our operations and ensuring that we are entering into partnerships that support sustainability. We partner with a variety of organizations to develop leadership, management, efficiency, effectiveness and sustainability within area nonprofits.
Freeport-McMoRan's group-wide guiding philosophy for its community development activities is Transforming Tomorrow Together. This philosophy drives implementation of a social impact framework that includes priorities, strategies and goals that allow us to work collaboratively with communities to make transformative change and increase overall individual/ community opportunity, wellbeing and capacity.
We are driven to partner to build long-term resiliency and support the community’s ability to successfully navigate commodity market downturns, end of mine life and other economic/social disruptors or shocks. Our framework or approach for delivering on our guiding philosophy of Transforming Tomorrow Together is based on three main priority areas that we believe help deliver on our commitment:
-Education and Workforce Development
-Economic Opportunity
-Capacity and Leadership
This philosophy includes securing and maintaining our social license to operate and delivering transformation through robust stakeholder engagement and consultation, social investment, and impact evaluation.
Investment Approach
Rather than viewing financial and other resources simply as charitable donations or philanthropy, we encourage our partners to think about financial and other resources as the means to make investments in the future of the community with the goal of realizing a return that helps create greater capacity and long-term sustainability.
Only IRS determined tax exempt entities such as nonprofits with a federal501(c)3 designation, schools and government institutions are eligible to receive funding from the Freeport-McMoRan Foundation.
Please note, the maximum indirect cost allowed by the Freeport-McMoRan Foundation is 6% of direct project costs.
About Freeport-McMoRan
Freeport-McMoRan operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum.
FCX is the world’s largest publicly traded copper producer.
www.fcx.com.
