May 4, 2023

GF–Town of Stillwater Foundation Presents 2023 Grants to Local Organizations

GlobalFoundries (Nasdaq: GFS) (GF) has announced that the GF–Town of Stillwater Foundation has approved its 2023 slate of public grants totaling $25,000 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 $545,000 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 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 pleased to be able to make available this public grant money for community organizations offering educational opportunities and a positive impact on the health, safety, and welfare of area residents,” said Debbie Leupold, Board President, GF-Town of Stillwater Foundation. “We thank the awardees for their valued services and programming in our communities.”

Congratulations to the following organizations on being the recipients of the GF–Town of Stillwater 2023 Grants:

  • Attic Angels
  • Boys Scouts Troop 4035
  • Junior Achievement of Northeastern New York
  • Mechanicville Area Community Services Center (MACSC) Domestic Violence Program
  • Mechanicville / Stillwater Soccer Club
  • Mechanicville / Stillwater Breast Cancer Walk
  • Saratoga Bridges
  • Stillwater Backpack Program
  • Stillwater Food Pantry

As part of the development of the Fab 8 project, GF has contributed a total of $5.1 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 over $2.2 million 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.