GlobalFoundries / Town of Malta Foundation

NEWS RELEASE:

GlobalFoundries-Town of Malta Foundation Awards Annual Grants for 2024

Foundation awards 37 grants totaling $161,650 to local organizations supporting a variety of community needs and programs.

Malta, N.Y., December 12, 2024 – For the 14th consecutive year, GlobalFoundries (Nasdaq: GFS) (GF) today announced that the GF-Town of Malta Foundation has awarded 37 grants totaling $161,650 to local organizations that support a variety of community needs and programs. With this year’s 2024 grants, the Foundation, formed by GF and the Town of Malta, has placed more than $2M into service in the Malta community since 2011.  

The 2024 Malta grant awards will be presented today at the David R. Meager Malta Community Center at the annual awards ceremony.  

“Supporting our community is at the heart of what we do at the GF-Town of Malta Foundation,” said Admar Semedo, president of the GF-Town of Malta Foundation. “This year’s grants highlight the incredible dedication and innovative spirit of local organizations that tirelessly work to improve the lives of Malta residents. We are proud to contribute to projects that foster growth, inclusivity and positive change in our community.”

Congratulations to this year’s grant recipients:  

• Acadia Middle School - Shenendehowa: $1,400

• Albany Can Code Inc.: $3,000

• Ballston Spa Junior Baseball: $4,000

• Ballston Spa CSD Partnership for Innovation in Education Fund: $10,000

• Ballston Spa Elementary School PTAs: $5,000

• Ballston Spa Friends of Music Inc: $2,000

• Ballston Spa High School PTSA: $5,000

• Ballston Spa Soccer Club: $2,000

• Best Buddies New York: $2,000

• Captain Community Human Services: $4,000

• Chango Elementary School - Shenendehowa: $1,200

• Community Emergency Response Team: $400

• East Line Union Cemetery Inc.: $3,000

• Gateway House of Peace: $2,000

• Kiwanis Club of Saratoga-Wilton: $1,500

• Malta Avenue Elementary School PTA: $2,000

• Malta Community Center Food Pantry via St. Peter Lutheran Church: $5,000

• Malta Ridge Volunteer Fire Company: $5,000

• Malta Senior Citizens Inc: $7,500

• Malta Spotlighter's Theatre Troupe: $4,000

• Malta Sunrise Rotary Club: $2,000

• Malta-Stillwater Emergency Medical Services: $15,000

• Rebuilding Together Saratoga County: $10,000

• Round Lake Hose Co/Fire Dept: $5,000

• Round Lake Library: $2,000

• Round Lake Malta Youth Baseball League: $4,000

• Roundabout Runners Club: $4,000

• Rugrunners Robotics: $10,000

• Saratoga Bridges, A Chapter of The Arc New York: $10,000

• Saratoga Rowing Association, Inc.: $2,500

• Saturday Lunch Program via Malta Ridge Methodist Church: $2,500

• The Parents of Scotties Cross Country and Track Booster Club: $750

• Town of Malta: $2,000

• Town of Malta Parks and Recreation: $9,000

• Town of Malta Veterans Committee: $4,000

• Town of Malta Youth Commission: $4,500

• Wilton Wildlife Preserve & Park: $4,400

Information on the 2025 grant application process will be available on the Foundation website in August 2025. We encourage all eligible organizations to apply.

About the GlobalFoundries-Town of Malta Foundation

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. For more information, visit the Foundation’s website.

About GF

GlobalFoundries (GF) is a leading manufacturer of essential semiconductors the world relies on to live, work and connect. We innovate and partner with customers to deliver more power-efficient, high-performance products for the automotive, smart mobile devices, internet of things, communications infrastructure and other high-growth markets. With our global manufacturing footprint spanning the U.S., Europe, and Asia, GF is a trusted and reliable source for customers around the world. Every day, our talented and diverse team delivers results with an unyielding focus on security, longevity, and sustainability. 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.

GlobalFoundries-Town of Malta Board of Directors:  

Admar Semedo, President

Ellwood Sloat, Vice President

Karen A. Heggen, Secretary

David R. Meager, Treasurer

Serena Sapienza, Communications Chair

 Information on the 2025 grant application process will be available in September 2025.