For Immediate Release
GLOBALFOUNDRIES – Town of Stillwater Foundation
Contact: Tiara Brown , PO Box 700, Stillwater, NY 12170
GLOBALFOUNDRIES – Town of Stillwater Accepts Applications for 2018 Grants
The GLOBALFOUNDRIES – Town of Stillwater Foundation has announced the availability of public grant money for some worthy recipients seeking to bring educational opportunities and positive change to the health, safety, and welfare of our residents. The 2018 Grant marks the fifth successful round of funding since the Foundation was formed. Last year, the group awarded approximately $50,000 to 19 selected organizations.
As part of the development of the Fab 8 project, GLOBALFOUNDRIES has contributed a total of $5 million to fund two stand-alone 501 c3 charitable foundations. 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 at the Round Lake baseball fields
Leveraging the investment income from this original seed money, these foundations have distributed over $1.2 million dollars to over 260 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.
The GLOBALFOUNDRIES / Town of Stillwater Foundation Grant applications are available at a variety of key locations in town. Printed copes may be obtained from the Stillwater Town Hall, the Stillwater Public Library, and the Superintendent’s Office at SCS. The deadline for submitted an application is November 12, 2018.