News

December 21, 2022

GlobalFoundries-Town of Malta Foundation Awards Annual Grants for 2022

GlobalFoundries Inc. (Nasdaq: GFS) (GF), announced that the GF-Town of Malta Foundation has awarded its annual grants to the community for the 12th consecutive year in a row. The grants support a variety of community needs and programs with 23 grants totaling $154,200. With this year’s 2022 grants, the Foundation, formed by GF and the Town of Malta, has placed more than $1.73 million into service in the Malta community since 2011.

In 2010, as part of the development of the Fab 8 project, GF invested a total of $5 million to fund two stand-alone 501 (c)3 charitable foundations: the GF-Town of Malta Foundation and the GF-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.

The 2022 Malta grant awards were presented last week at the David R. Meager Malta Community Center at the annual awards ceremony. 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. The Foundation Board and organization representatives were present to celebrate funding the following projects and programs:

  • Ballston Spa High School Parent Teacher Student Association (PTSA): $4,500
  • Ballston Spa High School: $4,000
  • Ballston Spa Soccer Club: $1,000
  • Chango Elementary School: $3,500
  • Community Foundation for the Greater Capital Region – Ballston Spa: $6,000
  • Friends of Shenendehowa Crew, Inc.: $3,000
  • Malta Avenue Elementary School Parent Teach Association (PTA): $3,500
  • Malta Ridge Fire Company/Round Lake Fire Department/Fire Companies of Malta: $45,000
  • Malta Senior Citizens, Inc.: $7,500
  • Malta Spotlighter’s Theatre Troupe: $5,200
  • Malta Veterans Appreciation Program: $10,000
  • Malta Youth Commission: $4,200
  • Miss Scotties Softball, Inc.: $2,500
  • Rebuilding Together Saratoga County: $10,000
  • Round Lake Library: $1,200
  • Roundabout Runners Club: $6,000
  • Rugrunners Robotics, Inc.: $10,000
  • Saratoga Bridges: $10,000
  • Saratoga Lake Protection and Improvement District: $3,000
  • Saratoga Regional YMCA – Malta Branch: $1,500
  • St. Peter Lutheran Church: $5,000
  • Town of Malta Parks, Recreation and Human Services – Town of Malta Summer Concert Series: $3,600
  • Town of Malta Parks, Recreation and Human Services: $2,000
  • Town of Malta Veterans Committee: $2,000

The Foundation’s history of giving includes:

  • 2011: $37,500 to 13 local organizations
  • 2012: $60,000 to 23 local organizations
  • 2013: $164,000 to 38 local organizations
  • 2014: $172,915 to 43 local organizations
  • 2015: $160,853 to 39 local organizations
  • 2016: $146,583 to 35 local organizations
  • 2017: $159,000 to 38 local organizations
  • 2018: $165,500 to 39 local organizations
  • 2019: $160,437 to 41 local organizations
  • 2020: $142,964 to 31 local organizations
  • 2021: $159,767 to 24 local organizations
  • 2022: $154,200 to 23 local organizations

Information on the 2023 grant application process will be available on the Foundation website in August 2023 – https://sites.google.com/site/gfmaltafoundationorg/home. Please continue to check that site for more information.