GlobalFoundries Inc. announced that the GF–Town of Stillwater Foundation has approved its 2022 slate of public grants totaling $40,000 benefiting local community organizations seeking to bring educational opportunities and positive change to the health, safety, and welfare of local residents.
The Foundation has invested more than $520,000 in organizations in the Stillwater community since 2011. In addition to the annual grants, it awards annually a $1,500 STEM scholarship to a qualified Stillwater High School senior.
The mission of the Foundation is to provide tangible benefits of a public nature to diverse groups located within Stillwater or providing direct services within the town, including not-for-profit corporations, charitable organizations, community arts and theater, community historical sites and events, education, and sports and recreation.
“The GF–Town of Stillwater Foundation is grateful to be able to make available public grant money for community organizations seeking to bring educational opportunities and positive change to the health, safety, and welfare of local residents,” said Debbie Leupold, foundation board president. “This year’s awardees represent a variety of local services and programs and add value to our communities.”
Recipients include: Attic Angels, Childrens Museum at Saratoga, Earl J. Manning Post 490, Girl Scouts Unit 165, MACSC Domestic Violence Program, Malta/Stillwater EMS, Mechanicville/Stillwater Breast Cancer Walk, Saratoga Bridges, Stillwater Area Community Center, Stillwater Backpack Program, Stillwater Elementary, Stillwater Food Pantry, Stillwater High School and the Stillwater High School SADD Chapter.
As part of the development of the Fab 8 project, GlobalFoundries has contributed a total of $5 million to fund two stand-alone 501 (c)3 charitable foundations: the GF-Town of Stillwater Foundation and the GF-Town of Malta Foundation. The first installment of $1 million was used to build a new recreational sports field complex in the Luther Forest Technology Campus and to make improvements to the Round Lake baseball fields.
Leveraging the investment income from this original seed money, these foundations have distributed more than $1.7 million dollars in funding to over 450 organizations in support of a wide variety of programs benefiting the local community around Fab 8. Both foundations are managed by an independent board of directors and are actively working with local organizations to improve our communities.