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



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

The Foundation has invested more than $545,000 in the Stillwater community since 2011  

MALTA, N.Y., May 3, 2023 – 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

About the GF-Town of Stillwater Foundation

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.

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.  

©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.

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