Freeport-McMoRan Creates Partnerships Through Community Trust Funds

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Freeport-McMoRan Creates Partnerships Through Community Trust Funds

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Multimedia from this Release

Left: Houses and other public facilities have been constructed by the PT Freeport Indonesia Partership Fund Right: Tenke Fungurume Mining engages with village leaders to determine funding allocation by the TFM Social Community Fund

Tuesday, January 5, 2016 - 10:00am

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

For information about other Freeport-McMoRan’s community investment programs, see

Visit the 2014 Working Toward Sustainable Development Report for more information on all of their social, economic and environmental efforts.

Keywords: Social Impact & Volunteering | Democratic Republic of Congo | Economic development | Education | Freeport-McMoRan | Health | Innovation & Technology | PT Freeport Indonesia | Papua | STEM | Tenke Fungurume Mining