January 5, 2016 /3BL Media/ - Freeport-McMoRan has established community trust funds or social funds in Chile, the Democratic Republic of Congo, Indonesia and the United States, which are managed by community members who determine the allocation of funds to programs that focus on education, health and economic development.
Contributions to the PT Freeport Indonesia Partnership Fund were over $31 million in 2014 and $634 million since its inception in 1996.
Freeport-McMoRan’s six community investment funds in North America contributed almost $3 million to community-directed projects in 2014. One of the focal points of the North American contributions was supporting science, technology, engineering and math (STEM) education. Read about their investment in STEM education here http://www.freeportinmycommunity.com/schools/stem-grant
For information about other Freeport-McMoRan’s community investment programs, see http://www.fcx.com/sd/community/comm_invest.htm
Visit the 2014 Working Toward Sustainable Development Report for more information on all of their social, economic and environmental efforts.
KEYWORDS: Volunteerism & Community Engagement, Social Innovation and Entrepreneurship, PT Freeport Indonesia, Papua, Freeport-McMoRan, Tenke Fungurume Mining, Democratic Republic of Congo, partnership fund, Health, Education, Economic development, STEM, social investments