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GlobalFoundries-Malta Foundation distributes $160,437

GlobalFoundries-Malta Foundation distributes $160,437

45 community organizations benefit from ninth annual presentation
GlobalFoundries-Malta Foundation distributes $160,437
GlobalFoundries' Malta plant in 2018.
Photographer: Marc Schultz

MALTA — The GlobalFoundries-Town of Malta Foundation on Thursday presented $160,437 to 45 community organizations that serve Malta residents, in the ninth round of annual awards funded by GlobalFoundries, whose Fab 8 chip plant is the town's largest employer.

The awards included more than $12,000 to programs run by the Ballston Spa School District or associated organizations, and schools in the Shenendehowa School District also received funding. Money also was awarded to pay for assistance to the town's veterans and for veterans' honors, including Honor Flights that take older veterans to see the national war memorials in Washington, D.C.

The two largest grants awarded were $10,000 to Saratoga Bridges for renovations to its Alpha Building and $10,000 to Rebuilding Together Saratoga County, to pay for critical home repairs for low-income homeowners living in Malta.

In another large award, the Malta-Stillwater EMS received an $8,800 grant for purchase of IV pumps for its ambulances.

The foundation also awarded $6,250 for construction of a concession stand for Ballston Spa Junior Baseball and $5,500 for an equipment shed for Malta-Round Lake Junior Baseball.

As it has in the past, the foundation also supported high school robotics team programs for the Ballston Spa and Shenendehowa school districts, each of which serve parts of the town of Malta.

The Community Foundation for the Greater Capital Region and Ballston Spa Central School District were together awarded $5,000 for the Scotties' Backpack Program, which provides weekend food packs to food-insecure students in the district.

The foundation, which is jointly controlled by representatives of GlobalFoundries and the town, was established in 2011 with $3 million in funding provided by GlobalFoundries as part of a host community agreement for Fab 8, where about 3,000 people work. It distributes investment income from the fund as well as a percentage of the principal each year, and has paid out more than $1.2 million since it started.

Information on how to apply for next year's funding will be posted on the foundation website in August.

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