NEWS RELEASE
GlobalFoundries–Town of Stillwater Foundation Accepting Applications for 2024 Grants
The Foundation has invested more than $545,000 in the Stillwater community since 2013
Deadline for grant applications is March 22, 2024
Malta, NY, Feb. 26, 2024 – GlobalFoundries (Nasdaq: GFS) (GF) has announced that the GF–Town of Stillwater Foundation 2024 public grants applications are now available for community organizations seeking to bring educational opportunities and positive change to the health, safety, and well-being of local residents. The Foundation has invested more than $545,000 in organizations in the Stillwater community since 2013.
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 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 welcomes applications for our 2024 public grant cycle for community organizations offering educational opportunities and creating a positive impact on the health, safety, and welfare of area residents,” said Debbie Leupold, Board President, GF-Town of Stillwater Foundation. “We are proud to continue our support of local services and programming that improves our communities.”
GF–Town of Stillwater Foundation Grant applications are available at various locations in town. Printed copies may be obtained from the Stillwater Town Hall, the Stillwater Free Library, and the Superintendent’s Office at Stillwater Central Schools. The deadline to submit an application is March 22, 2024.
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 placed nearly $2.2M into service 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.
About GF
GlobalFoundries (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.
(c)GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. Or its subsidiaries. All other trademarks are the property of their respective owners.
Forward-Looking Statements
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.
Contacts:
Julie Moynehan
GF
julie.moynehan@gf.com
Tiara-Layna Brown
Town of Stillwater
TBrown@stillwaterny.org