Building on

in our communities

Gencorp founDation

As we move into the second decade of the 21st century, the GenCorp Foundation’s board of directors is pleased to present this report on our decade of giving.

Since 2000, the GenCorp Foundation has distributed more than $8.1 million in our communities. Even through the economic ups and downs of the past 10 years, the foundation has consistently supported schools and educational institutions, health and human services agencies, and arts and civic organizations.

Education is the GenCorp Foundation’s highest giving priority, with a yearly average of 86% going toward grants, scholarships and edu-cational matching gifts. In order for corporations like ours to succeed and maintain a competitive edge in the evolving global economy, the foundation board believes we need to motivate young people to gain the knowledge and work-readiness skills required for careers in science, technology, engineering and mathematics.

In 2010, the GenCorp Foundation contributed $691,011 in grants, scholarships and matching gifts in 11 Aerojet communities across the United States.

In concert with GenCorp Foundation funding, Aerojet employees are making a difference in the communities where they live, work and volunteer. Together we have forged strong community partnerships in Huntsville, Alabama; Camden, Arkansas; Sacramento, Vernon and Woodland Hills, California; Washington, D.C.; Socorro, New Mexico; Jonesborough, Tennessee; Clearfield, Utah; Gainesville and Orange, Virginia; and Redmond, Washington. From collecting and distributing food for local food banks to building homes for Habitat for Humanity to walking to find a cure for cancer in the American Cancer Society’s Relay for Life, employees nationwide are giving back in their communities.

As we look forward to our second decade of giving, the GenCorp Foundation is committed to focusing its resources in support of education, as well as opportunities for environmental stewardship and economic development related to improving the quality of life in all of our communities.

Investing to build stronger communities

2

GenCorp Foundation Giving 2010

GenCorp Foundation Giving 2000–2010

3

The GenCorp Foundation’s primary giving focus is education,

specifically STEM – Science, Technology, Engineering, Mathematics –

education. Through grants, scholarships and matching gifts,

the foundation has contributed $7,070,044 to education since

2000. Recipients include not only K–12 schools and universities,

but also science centers, museums and after-school programs that

promote education. A long-time education partner in Huntsville,

Alabama is the U.S. Space and Rocket Center.

EducationEncouraging the next generation…

learninG outsiDe the classrooM:

Aerospace Museum of California, Sacramento

Discovery Museum Science & Space Center and Challenge Learning Center, Sacramento

Explorit Science Center, Davis

Girls Inc., Huntsville

Museum of Flight and Challenger Learning Center, Seattle

Pacific Science Center, Seattle

Science Screen Report, Camden, Redmond, Sacramento, Socorro

U.S. Rocket & Space Center, Huntsville

encouraGinG future “rocket scientists”:

Team America Rocketry Challenge (TARC) – Gainesville, Redmond

FIRST Robotics – Redmond, Sacramento

Science Fairs – Jonesborough, Sacramento, Socorro, Washington, D.C.

4

“SPACE CAMP has a history of motivating and inspiring young people from all over the world to excel academically and personally. By combining new technology with hands-on learning, SPACE CAMP ignites students’ imaginations and gives them the desire to learn science, math, engineering, and technology (STEM). In a SPACE CAMP Alumni study, 93% of SPACE CAMP graduates took more science classes, 91% took more math classes, and 74% learned about career options while at SPACE CAMP. The GenCorp Foundation and the local Huntsville Aerojet office have generously supported the SPACE CAMP and AVIATION CHALLENGE Scholarship Program for more than 25 years. Through their donations, deserving children have been given an opportunity to participate in these life-changing programs. We value our relationship with you and applaud your commitment to science and math education.”

Deborah barnhartCEOU.S. Space & Rocket CenterHuntsville, Alabama

5

Photos courtesy of the U.S. Space & Rocket Center

Partners in Education

colleGe anD uniVersity partners:The GenCorp Foundation, in conjunction with Aerojet's engineering staff, has developed partner-ships with universities and colleges located in the communities where the company conducts business and recruits locally. Since 2000, the foundation has contributed more than $1.5 million to community colleges, colleges and universities. Current partnerships include:

University of Alabama in Huntsville

New Mexico Tech

University of Washington

Virginia Tech

University of California, Davis

Sacramento State University

Los Rios Community Colleges

Southern Arkansas University

Southern Arkansas University Tech

East Tennessee State University

Northeast State Technical Community College

Tusculum College

6

Harmony Grove School District, Arkansas

Folsom Cordova Unified School District, California

Socorro Consolidated Schools, New Mexico

Sulphur Springs Elementary School, Tennessee

West View Elementary School, Tennessee

Wetzel Middle School, Virginia

Lake Washington Schools Foundation, Washington

As part of a technology-driven company, the GenCorp Foundation

seeks to improve the quality of education from the early grades

through to the university level. In our communities, we work to

foster educational partnerships in local schools.

"Twenty years ago, our chamber of commerce started a program called Partners in Education, to partner local business with local schools. AOT partnered with Sulphur Springs Elementary School, a rural school located about 10 miles from the plant.

With excellent support from the GenCorp Foundation, Aerojet management and the AOT workforce, AOT has provided Sulphur Springs with financial aid, knowledgeable subject matter support, and voluntary personnel involvement. This relationship has allowed Aerojet to have a positive impact on the local educa-tion system and the children. Based on the success we experienced with Sulphur Springs, in 2003 AOT partnered with a second school, West View Elementary.

The GenCorp Foundation has provided support to a number of worthy causes in the Jonesborough community. For 20 years, Partners in Education has been high on our charitable list, and for 20 years the GenCorp Foundation has come through with significant financial aid."

kel sMalleyGeneral Manager Aerojet Ordnance Tennessee

"Sulphur Springs School has been fortunate to have Aerojet and the GenCorp Foundation as our Partner in Education since 1991. We enjoy financial assistance and, more importantly, the personal involvement from Aerojet employees.

Our students’ learning has been enhanced through math manipulatives and the estab-lishment of science labs through GenCorp Foundation support of our STEM efforts.

We have seen tears of joy on many parents’ faces when they received Christmas gifts for their family after a particularly difficult year. The AOT holiday food basket distribution is another example of the generous spirit of the company.

The Aerojet year-end picnic is quite an event for students who have achieved perfect at-tendance and a much-deserved treat for our staff who work diligently with our students. We recognize Aerojet for being an excellent example of community support and thank them for all they do for us."

Deborah MasonPrincipal Sulphur Springs School

7

kel sMalley, Aerojet Ordnance Tennessee, with Deborah Mason, Principal, in Sulphur Springs Science Lab

Live theatre, musical performances and art museums open the

world to children and adults alike. Recognizing that the arts play an

important role in enriching our communities, the GenCorp Founda-

tion supports programs that bring music, the performing arts and

fine arts to students in our communities. Since 2000, the GenCorp

Foundation has contributed $150,882 to arts organizations.

A grantee since 2000, the Performing Arts Series at New Mexico

Tech University in Socorro, New Mexico, attracts national touring

performers in music, dance, theatre and family entertainment to

this economically diverse community. Performers regularly give

educational youth performances for K–12 students in Socorro,

Magdalena and the Alamo-Navajo communities.

ArtsEnrich the quality of life in our communities

Gencorp founDation arts partners:

Fantasy Theatre for Children, Sacramento

Center for the Arts, Manassas

Crocker Art Museum, Sacramento

Huntsville Symphony Orchestra

New Mexico Tech Performing Arts

8

“The GenCorp Foundation’s continued support of the New Mexico Tech Performing Arts Series in Socorro, N.M., has allowed us to sustain affordable ticket prices for national touring performances, and to provide an excellent program of arts education activities for three school districts and the community. We also provide free arts activities for youth and families that would not otherwise be available in this small, rural community. The fact that we can count on this support is what really makes the difference! We are so appreciative!”

ronna kalishDirectorNew Mexico Tech Performing Arts Series

9Photos courtesy of the New Mexico Tech Performing Arts Series

The GenCorp Foundation extends support to civic projects that

improve the quality of life in our communities. Since 2000, the

GenCorp Foundation has contributed $408,440 to programs

that promote the greater good of the community.

Civic Engagement through Education

paulina curbel hasn’t let being a single mother stand in her way of success! After graduating Cum Laude with an Associate of Arts degree in 2010, Paulina transferred to the University of Arkansas at Little Rock to pursue a Bachelor of Arts degree in Health Education and Promotion.

Paulina, with three-year-old daughter, Reese Evans, receives her scholarship from Ouachita County SPSF Board Member shirley hoDGes.

10

“The willingness of the GenCorp Foundation to assist residents of the Camden area to pursue their higher education has been a blessing to 18 low-income single parents. Their hopes and dreams of earning a college degree now can be realized, due to scholarships underwritten by the GenCorp Foundation and the Arkansas Single Parent Scholarship Fund. This is a unique partnership between a statewide nonprofit organization and a company devoted to the well-being in communities in which it operates. The result for 18 single mothers and fathers is a more promising future for their families.

Arkansas Single Parent Scholarship Fund is a network of 63 community-based incentive scholarship funds helping single mothers and fathers to further their education. Founded in 1990, ASPSF has through its affiliates generated over 26,000 scholarships worth more than $14 million.”

ralph harry nessonExecutive DirectorArkansas Single Parent Scholarship Fund

11

Photos courtesy of the Arkansas Single Parent Scholarship Fund

In times of national tragedy and natural disasters, the GenCorp

Foundation has supported the American Red Cross relief efforts

through a dollar-for-dollar match of Aerojet and GenCorp

employees’ personal gifts to the Red Cross, thus doubling the

impact. The GenCorp Foundation board of directors believes that

the American Red Cross has the capability

of quickly mobilizing volunteers and

resources to affected areas.

Since 2000, the GenCorp Foundation has matched $97,009 to

employees’ gifts to the American Red Cross, totaling $194,018

for the disaster-relief efforts.

Responding to Humanitarian Needs

2001 2002 2003 2004 2006 2007 2009 2010 2011

September 11

Southeast Asia Tsunami

Hurricanes Katrina and Rita

California Wildfires

Midwest Flooding

Gulf Coast Hurricanes

Japan Earthquake and Tsunami

Southeast and Midwest United State Tornadoes

and Flooding

2005 2008

12 Photos (this page) courtesy of American Red Cross

Through alliances with local chapters

of national organizations and local

community agencies, the GenCorp

Foundation provides support to meet

health and human services needs of

the vulnerable in our communities.

Since 2000, the foundation has

contributed $610,889 to organiza-

tions that promote efforts to keep

our communities healthy and safe.

Lending a hand in our communities

coMMunity partners:Our employees also support a variety of organizations through personal contributions and volunteer efforts. Each holiday season, the GenCorp Foundation provides funding to food banks and homeless shelters for the less-fortunate in our communities.

Some of our community partners include:

American Cancer Society, Camden, Sacramento, Jonesborough, Gainesville

American Heart Association, Redmond, Sacramento

Culpepper Food Closet

Good Samaritan Ministries, Jonesborough

Good Samaritan Food Bank, Camden

Loaves & Fishes, Sacramento

Los Angeles Mission, Vernon

National Children Advocacy Center, Huntsville

Northwest Harvest, Seattle

Multiple Sclerosis Society, Tennessee

Ouachita Area United Fund, Camden

Puerto Seguro, Socorro

Sacramento Area Emergency Housing Center

Salvation Army, Orange

Second Harvest Food Bank, Jonesborough

SERVE (Securing Emergency Resources through Volunteer Efforts), Gainesville

Socorro Storehouse

Toys for Tots, Huntsville, Redmond

United Way, Jonesborough, Redmond, Sacramento

13

Aerojet Camden employees frank Martin, sheila priMM, shirley lasker and Juan Garcia assist the Good Samaritan Food Bank in Camden.

To recognize the academic achievements of our employees' children, the GenCorp Foundation offers scholarships through the National Merit Scholarship Corporation. National Merit Scholar-ships are recognized nationally and honor academically talented graduating high school seniors. Since 2000, 53 students have received four-year scholarships through the GenCorp Foundation.

We’re proud to report that many of these students have attended such prestigious universities as Virginia Tech, Penn State, Stanford, MIT, Rutgers, Clemson, the University of Washington and Yale. Many of these GenCorp Scholars have gone on to successful scholastic and professional careers. We salute their achievements.

GenCorp Foundation ScholarshipsCelebrating Student Success

ellen falci, Class of 2008, is a junior at the University of Virginia, with a double major in Cognitive Science and Spanish Linguistics & Philology, and a minor in Computer Science. Ellen is interested in computational linguistics, language tech-nologies and graphic design.

Zachary conley, Class of 2007, graduated from Westmont College, Santa Barbara, Calif. with a Bachelor of Science degree in Cellular and Molecular Biology and now plans to pursue a PhD Degree in Biochemistry and Molecular Biology at Baylor College of Medicine in Houston.

14

Where are they now?

class of 2000

Albert Chen Ian Cadieux Theresa Gorenc Amar Patel

class of 2001

Eddie Brian Alice Newlin Toni Newville Natalie Cheng

class of 2002

Amanda Alfonso Andrew Bertolucci Megan Meagher

class of 2003

Kimberly Cullom Kirsten Hale Katherine Liu Cory Roth

class of 2004

Lillian Aston Lindsey Hilton Robert Kim Jim Pasko

class of 2005 Richard Yezzi Tara Castro Tania Kimball Elizabeth Edwards Siobhan Thomas-

Smith

class of 2006

Alex Hagen Erica Hart Julie Hobson Daniel Holden Olivia Nguyen

class of 2007

Zachary Conley Amy Friedlander Murray Grissom Janet Pasko Margaret Yu

class of 2008

Leslee Bell Ellen Falci Josilynn Hudson Cassandra Lu Bradford Nguyen

class of 2009 Erin Friedlander Maria Malone Kyle Mullins David Pennington Katherine Lau

class of 2010

Amy Anderson Ryan Evans Whitney Hosey Kaitlyn Sipiora Albert Yam

And we congratulate the class of 2011, who have just received their GenCorp Scholarships: Ross Greer Blanka Hodur Steven Kennedy Hannah Neville Filip Pankovcin

alex haGen, Class of 2006, graduated from Harvey Mudd College, Claremont, Calif., in 2010 with a degree in Physics, and will pursue a PhD Degree in Astrophysics from Penn State University.

aMy frieDlanDer, Class of 2007, is in a five-year architecture program at Virginia Tech. Currently she is in Japan studying Graduate Architecture, all in Japanese, at Kyushu University in Fukuoka, Japan. She was in Japan during the recent earthquake and tsunami. She will return this fall to complete her last year at Virginia Tech.

15

The GenCorp Foundation’s vision is to improve the communities

where our employees live, work and volunteer. It accomplishes

this through providing grants and scholarships to local nonprofit

organizations, schools and universities.

In 2010, the GenCorp Foundation provided $585,808 in financial

support to the follow grantees:

Supporting our communities in 2010

arts & cultureCrocker Art MuseumFantasy Theatre for ChildrenNew Mexico Tech Performing Arts

ciVicAmerican River Parkway FoundationCalifornia Capital Air ShowCommunity Services Planning CouncilCulpeper Food ClosetFriends of Lakes Folsom and NatomaGood Samaritan MinistriesGuide Dogs of AmericaLos Angeles MissionLoaves & Fishes Mustard Seed SchoolNorthwest Harvest, King CountyOgden-Weber Community Action Partnership

Food PantryOuachita Area United FundPuerto Seguro

Sacramento Area Emergency Housing CenterSalvation Army, VirginiaSERVE (Securing Emergency Resources

through Volunteer Efforts)SOME (So Others Might Eat)SOVA Community Food & Resource ProgramStanford SettlementToys for Tots, HuntsvilleUnited Way of Washington County, TennesseeWest Valley Food Pantry

eDucationAccreditation Board for Engineering & TechnologyAerospace Museum of CaliforniaAIAA, Sacramento SectionAmerican River Natural History AssociationArden Middle SchoolArkansas Single Parent Scholarship FundAviation High SchoolCentral Washington UniversityCristo Rey High School

16

Discovery Museum Science & Space CenterEast Tennessee State UniversityEastlake High SchoolFauquier High SchoolFolsom Cordova Unified School DistrictFolsom Lake CollegeMayor’s Summer Reading CampIngraham High SchoolKentwood High SchoolKettle Run High SchoolKVIE Public TelevisionLake Braddock High SchoolLos Rios FoundationMountain Vista Governor’s School for

Science, Math & TechnologyMuseum of Flight FoundationNational Merit Scholarship Corporation National Defense Industrial AssociationNew Mexico State UniversityNortheast State Technical Community CollegeNorthern Virginia Community CollegePacific Science CenterRAFT (Resource Area For Teaching)Sacramento Regional Science &

Engineering FairSacramento SPLASHSacramento State UniversitySacramento Valley ConservancySacramento Zoological Society

SafetyvilleSAU FoundationSAU Technology FoundationSchools FoundationSociety of Women Engineers, SacramentoSocorro High SchoolStarbase Academy of CaliforniaSulphur Springs SchoolTusculum CollegeUniversity of California Davis College

of EngineeringUCD Environmentors ProgramUnited States Space & Rocket CenterUniversity of Alabama at HuntsvilleUniversity of TennesseeUniversity of WashingtonUtah State UniversityVirginia Commonwealth UniversityVirginia TechWest View SchoolWhite Rock Elementary SchoolWilliam Wetsel Middle SchoolYolo Basin Foundation

health & huMan serVicesAmerican Red CrossAmerican Cancer SocietyMultiple Sclerosis Society

17Photo courtesy of the Virginia Space Grant Consortium Photo courtesy of SPLASH

A popular program is the Educational Gift Matching Program.

To encourage support of elementary, middle and high schools

and universities, the GenCorp Foundation matches employees’

donations to schools, dollar-for-dollar, up to $3,000 per year.

Since 2000, the GenCorp Foundation has matched $2,252,126

in employees’ gifts to K–12 schools and universities, essentially

doubling employees’ donations to education.

In 2010, the GenCorp Foundation matched $105,777 to the

following schools and universities:

Educational Gift Matching Program

A.G. Richardson Elementary SchoolAndersonville Theological SeminaryArchbishop Murphy High SchoolArgonaut High SchoolAzusa Pacific UniversityBearden ElementaryBerea CollegeBrentsville District High SchoolBrigham Young UniversityBristow Run Elementary SchoolBucknell UniversityBull Run Middle SchoolCal Poly Pomona FoundationCal Poly State University FoundationCalifornia State University, Long BeachCalvin Theological SeminaryCamden Christian AcademyCamden Fairview Middle SchoolCamerado Middle SchoolCarnegie Mellon UniversityChristian Brothers High SchoolCollege of William & Mary FoundationColumbia University

Cordova High SchoolCornell UniversityCottonwood Valley Charter SchoolCourtyard Private SchoolCulpeper County High SchoolCulpeper Middle SchoolDel Campo High SchoolDenison UniversityDrexel UniversityDuke UniversityEl Camino Real High SchoolEl Dorado Adventist SchoolEmerald Hill ElementaryEpiphany Catholic SchoolEvergreen SchoolFirst Place SchoolFlorida Institute of TechnologyFolsom High SchoolFolsom Hills Elementary SchoolFolsom Lake CollegeFordyce High SchoolGainesville Middle SchoolGrace Miller Elementary School

18

Grand Valley State UniversityGreenhills SchoolGrinnell CollegeHampton High SchoolHarding UniversityHarmony Grove Public SchoolsHollins UniversityHoly Family SchoolHoly Trinity SchoolHorace Mann SchoolHumboldt State UniversityJ.W. Alvey Elementary SchoolJames Madison University FoundationJesuit High SchoolJohn James Audubon Elementary SchoolJohns Hopkins InstitutionsKansas State University FoundationKate Walker Barrett Elementary SchoolKuemper Catholic High SchoolLakeside SchoolLambuth UniversityLouisa County Middle SchoolLouisiana Tech UniversityLoyola Marymount UniversityMayfield Senior SchoolMcDonogh SchoolMiddlebury CollegeMillsaps CollegeMontana State University FoundationNational Labor CollegeNorth Carolina State UniversityNorthwest UniversityNorthwestern UniversityOak Chan ElementaryOak Ridge High SchoolO’Dea High SchoolOsbourn Park High SchoolOswego College FoundationPurdue FoundationRadford University FoundationReed InstituteRider UniversityRio Tierra Junior High SchoolRolling Hills Middle SchoolRose Hulman Institute of TechnologySacramento Country Day SchoolSacramento Waldorf SchoolSacred Heart Parish SchoolSaint Brendan SchoolSaint Catherine of Siena Parish SchoolSaint Croix Lutheran High SchoolSaint Francis High SchoolSaint John Notre Dame School

Saint Joseph Catholic Elementary SchoolSaint Louise Parish SchoolSaint Mark’s High SchoolSaint Mary SchoolSanta Clara UniversityShepherd University FoundationSierra CollegeSilva Valley Elementary SchoolSilver Firs ElementaryStevens Institute of TechnologyStone Middle SchoolTexas A&M UniversityTexas Tech FoundationThiel CollegeTown & Country Lutheran SchoolTulane Educational FoundationUC Davis FoundationUnited States Naval AcademyUniversity Foundation, SacramentoUniversity of Central ArkansasUniversity of Iowa FoundationUniversity of Mary Washington FoundationUniversity of Maryland FoundationUniversity of MichiganUniversity of North CarolinaUniversity of Notre DameUniversity of Puget SoundUniversity of Rio GrandeUniversity of TennesseeUniversity of the PacificUniversity of UtahUniversity of VirginiaUniversity of Washington FoundationUniversity of Wyoming FoundationVanderbilt University School of NursingVictory Christian, CamdenVictory Christian, CarmichaelVirginia Tech FoundationVirginia Military InstituteW.C. Taylor Middle SchoolWakefield SchoolWashington State UniversityWashing UniversityWest Virginia University FoundationWestern Washington University FoundationWestmont CollegeWhatcom Community CollegeWilliam Jessup UniversityWoodinville Montessori SchoolWorcester Polytechnic Institute

19

GenCorp Foundation Board of DirectorsThe GenCorp Foundation is governed by a Board of Directors,

comprised of employee volunteers of GenCorp and Aerojet.

VisionThe GenCorp Foundation seeks to improve the quality of life in the communities where our em-ployees live, work and volunteer.

MissionThrough grants and scholarships, the GenCorp Foundation supports education, health and human services, arts organizations and civic projects. Its primary giving focus is education, specifically science, technology, engineering and math education.

GenCorp Foundation Staff:Juanita GarciaExecutive Director

rebecca cieplinskiAdministrator

20

The GenCorp Foundation is an independent nonprofit philanthropic organization established by GenCorp in 1999. As a California nonprofit public benefit corporation, the GenCorp Foundation’s tax-exempt identification number is 68-0441559.

P.O. Box 15619 Sacramento, CA 95852-0619

916.355.3600gencorp.foundation@gencorp.com

w w w.G e n co r p.co M

Standing, left to right: roGer Myers, executive director, Space & Launch Systems; Jennifer Goolis, director, Human Resources; rob shenton, vice president, Sustainable Operations; and Diane wallace, vice president, Tax, Retirement and Benefits Administration.

Seated, left to right: DaViD hatch, vice president, Easton Land Development; chris conley, vice president, Environmental, Health and Safety; and ron saMborsky, vice president, Strategy.