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Foundry Files

GLOBALFOUNDRIES Foundations Receive Final Installments of $5 Million Investment Supporting Community Programs

  • By: Communications
  • August 2, 2012
  • Category: Business

To celebrate the groundbreaking of Fab 8 in July 2009, GLOBALFOUNDRIES made the first installment in a series of payments to the GF-Town of Malta Foundation and the GF- Town of Stillwater Foundation with a contribution of $1 million. GF has now contributed a total of $5 million to community development organizations, which will fund programs and projects that provide tangible benefits of a public nature to diverse groups in the community including: no-for-profit corporations, charities, community arts and theater groups, community historical sites, special events, education programs, and sports and recreation activities.

Each installment to the two charitable organizations was marked by key milestones toward successful construction and start of operations at Fab 8. The first installment payment is now being used to create a recreational sports field complex on the Luther Forest Technology Campus and to make improvements at the Round Lake baseball fields.

The GF-Town of Stillwater Foundation has been formed and all seven positions on its Board of Directors are filled. The Board is now working on a strategy to evaluate and invest in projects that support the mission of the organization.

Last December, the GF- Town of Malta Foundation awarded its first wave of funding (totaling $37,500) to support 13 diverse local organizations that provide unique and impactful programs including:

  • Captain Youth & Family Service: $5,000 towards the purchase of a new van for the Runaway and Homeless Youth Shelter in Malta.
  • Dunning Street Rural Cemetery: $2,500 for maintenance and improvement projects for the historic landmark.
  • Junior Achievement of Northeastern NY: $4,600 for materials supporting practical economic education and learning experiences in 46 classrooms in 6 local elementary schools.
  • Literacy New York: $3,000 to expand English language instruction and educational programs.
  • Living Resources Corp: $3,050 to provide therapy scholarships to help children with multiple disabilities.
  • Malta League of Arts: $2,000 to support creative arts programs and events throughout the community in 2012.
  • Malta Ridge Cemetery Association: $2,500 for maintenance and improvement projects for the historic landmark.
  • Malta Ridge Volunteer Fire Co. & Round Lake Hose Company: $2,500 for smoke detectors, batteries, and educational materials to be installed in local homes that do not currently have properly functioning smoke detectors.
  • Malta Seniors, Inc.: $1,000 to support social and cultural enrichment activities benefiting senior citizens in Malta.
  • Malta Sunrise Rotary Club: $2,000 to support the “Rebuilding Together Saratoga” Town of Malta Work Day event providing home and property repairs for families in need.
  • Malta Veterans Committee: $1,500 to sponsor the Fourth Annual Malta Military, Veterans & First Responders Parade in 2012.
  • Round Lake Auditorium: $4,700 for new sound, lighting, and A/V equipment to improve the auditorium as an artistic, historic, and community forum.
  • Rugrunners Robotics Club: $3,150 to help fund equipment and materials for competitive robotics club at Shenendehowa High School to promote science, technology, engineering, and mathematics education.

Eric Choh, Vice President and General Manager of Fab 8, said, “We believe the success of our company is directly related to the health of the communities we call home. As a result, we are committed to making investments of time, money, technology, and volunteer activities in local organizations to help improve the quality of life in our communities.”

The checks totaling $2.8 million presented to GF-Town of Malta Foundation and the GF- Town of Stillwater Foundation today were part of the development of the Fab 8 project, GF’s newest 300 mm semiconductor wafer manufacturing facility currently ramping operations in Saratoga County, New York.

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