GF–Town of Stillwater Foundation Presents 2022 Grants to Local Organizations
The Foundation has invested more than $520,000 in the Stillwater community since 2011
Malta, NY, April 11, 2022 – GlobalFoundries Inc. (Nasdaq: GFS) (GF) has 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. A check presentation and ceremony are scheduled for Tuesday, April 12th at 5:30 p.m. in the Stillwater Town Hall.
The Foundation has invested more than $520,000 in organizations in the Stillwater community since 2011. In addition to the annual grants, the GF-Town of Stillwater Foundation awards annually a $1,500 STEM Scholarship to a qualified Stillwater High School Senior.
The mission of the GF-Town of Stillwater Foundation is to provide tangible benefits of a public nature to diverse groups located within the Town of Stillwater or providing direct services within the Town of Stillwater 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, Board President, GF-Town of Stillwater Foundation. “This year’s awardees represent a variety of local services and programs and add value to our communities.”
The decision-making process was a difficult one, with many worthwhile organizations in Stillwater vying for grant dollars. After careful consideration, the Foundation based award selection on requests that would ultimately meet the needs of a broader community, in regard to access and impact, as well as having lasting value.
Congratulations to the following local organizations on being the recipients of the GF–Town of Stillwater 2022 Grants:
- Attic Angels
- Children’s 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
- Stillwater High School SADD Chapter
About the GF-Town of Stillwater Foundation
As part of the development of the Fab 8 project, GF 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.
GF is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com.
This news release may contain forward-looking statements, which involve risks and uncertainties. Readers are cautioned not to place undue reliance on any of these forward-looking statements. GF undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.
Julie Moynehan, GF
Town of Stillwater