Top 50 Corporate Giver

Freeport-McMoran Copper & Gold (FCX)

Contact:

Stan Batey & Cynthia Molyneux

Foundation program:

Freeport-McMoRan Foundation (Please see comment 13a.)
14 % of giving is through foundation

Signature program:

Freeport Partnership Fund for Community Development; Freeport-McMoRan Foundation Matching Gifts Program
The Freeport-McMoRan Foundation is a domestic, private foundation that makes contributions within the United States. Included in the Foundation is Matching Gifts for employees, retirees and directors. In 2004, the Foundation disbursed $3 million. The Matching Gifts program, which matches employee gifts from $25 up to $20,000, and double-matches gifts up to $500, has been especially important in encouraging and maximizing employee contributions to health, educational, cultural, environmental and social service organizations. Of the $3 million total disbursed by the Foundation in 2004, $914,708 was disbursed through the matching gifts program.

The Freeport Partnership Fund for Community Development is funded by our mining affiliate, PT Freeport Indonesia, and administers funds for local development in the area of Freeport's mining operations in Papua, Indonesia. All funds are disbursed to a local community governing board, the LPMAK, which is governed by a board consisting of local indigenous tribal, church and community leaders. LPMAK approves and funds local programs, including the support of two hospitals and 10 healthcare clinics, schools and scholarships, business development and an array of community development programs. In 2004, the Freeport Partnership Fund provided LPMAK with $19,016,000, of which $17,466,000 came from our affiliate, PT Freeport Indonesia. The remainder came from Freeport's joint venture partner, Rio Tinto plc.

Note: The third component of Freeport's philanthropic program is the Jakarta Contributions Fund, also funded by our mining affiliate PT Freeport Indonesia, which supports a variety of philanthropic endeavors selected by a committee of employees. In 2004, the Jakarta Contributions Fund distributed $1,169,415.


 Donations
2004 cash donations $ 21,635,415
As pct. of revenue 0.9 %
As pct. of earnings 3.8 %
Change since 2003 -0.2 %
Change since 2002 28.8 %

2004 in-kind donations $ 53,491
As pct. of revenue 0 %
As pct. of earnings 0 %
Change since 2003 -0.3 %
Change since 2002 53491000 %

Projected increase/decrease increase

 Favored Issues
  arts   education   community development   health care   international
  Arts   Edu   Comm   Health   Intl

   Other / specifics:   Environment
Social services


 Major Objectives

To strengthen communities where we operate
To work toward sustainable development
To fulfill our responsibility as a good corporate citizen