Freeport-McMoRan Foundation Awards $3 Million in Community and Social Investment Funds

February 6, 2024

The Freeport-McMoRan Foundation is helping communities thrive in 2024 and beyond, recently awarding just over $3 million to 55 projects in Arizona, Colorado, Iowa, New Mexico and Texas through its Community and Social Investments Fund process. Funds support programs and projects that help foster sustainability and reduce dependency on any single industry. 

“The success of our community investments relies on partnering with communities to think through opportunities to address potential risks to resilience and well-being, and actively working to identify projects and programs that will strengthen communities over time,” said Tracy Bame, President, Freeport-McMoRan Foundation, in a recent media advisory.  

The foundation works with a range of committed partners throughout the investment process, which allows the company and the community to work together to develop thoughtful solutions that address community needs. Most of the contributions are made in partnership with local community investment committees, which engage local community leaders and stakeholders in decisions on how investments should be made. 

An ongoing partnership with True Impact – a social impact measurement platform – makes it possible for organizations to forecast the impact of their project in the community.   

“We are grateful for relationships with community partners that allow the kind of collaboration needed to deliver projects and programs that will yield the most meaningful social benefit and continue to build the foundation needed to ensure resilience in a post-mining scenario,” Bame said. 

Recipient organizations will receive their monetary awards and be recognized by members of the Community Investment Committee during presentations in the coming months.


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