News

September 6, 2023

GlobalFoundries-Town of Malta Foundation Accepting Applications for 2023 Grants

GlobalFoundries Inc. (Nasdaq: GFS) (GF), announced that the GF-Town of Malta Foundation is proud to be accepting grant applications for the thirteenth consecutive year for its next round of funding to support local community organizations. Applications for grant funding can be submitted electronically or may be downloaded and mailed to the Foundation by October 31, 2023. Instructions and links for the application can be found at the Foundation’s Web site (URL:  https://sites.google.com/site/gfmaltafoundationorg/home).

The Foundation manages an investment fund that enables annual grants to organizations, programs and projects that provide tangible benefits of a public nature to diverse groups serving the citizens of the Town of Malta including not-for-profit corporations, charitable organizations, community arts and theater groups, community historical sites, special events, education programs, and sports and recreation activities.

Each year, the GF-Town of Malta Foundation looks for projects that are creative, innovative, and inclusive in their scope and opportunities that will provide the maximum amount of benefit to the local Malta community. In 2011, the GF-Town of Malta Foundation distributed its first round of grant funding by awarding a total of $37,500 to 13 local organizations. In 2012, the dollar amount and number of grants nearly doubled. By 2013, the investment corpus was fully funded, enabling annual grants of $160,000 on average, distributed among dozens of worthy local organizations. A comprehensive listing of previous grant winners is available at the following link: https://sites.google.com/site/gfmaltafoundationorg/home/previous-grant-recipients

As part of the development of the Fab 8 project, GlobalFoundries contributed a total of $5 million to fund two stand-alone 501(c)3 charitable foundations: the GlobalFoundries-Town of Malta Foundation and the GlobalFoundries-Town of Stillwater Foundation. Each foundation is managed by a separate, independent Board of Directors and uses income earned from investments to fund a wide variety of local community programs.