MALTA – The Town Board voted unanimously Wednesday to enter an inter-municipal cooperation agreement with the Village of Round Lake to partially fund improvements to the Dominick F. Pasquarell Park. [Read more…]
MALTA – Representing the most money given to the greatest amount of recipients yet, the GLOBALFOUNDRIES-Malta Foundation awarded 38 non-profit community groups a total of $164,000 in grants Wednesday. [Read more…]
The last of five board members has been named to the Town of Malta Foundation, with grant applications now being accepted, according to information from GLOBALFOUNDRIES.
Karen Heggen rounds out the board, comprised of; Travis Bullard, senior public relations manager, Steve Groseclose, director of corporate services, former Town of Malta Supervisor David Meager and Glenn Rockwood, deputy supervisor for Malta.
A native of Malta, Heggen serves as the first assistant district attorney in the Office of the Saratoga County District Attorney. Heggen has participated with the Saratoga County Youth Court, Shenendehowa Community Coalition, Saratoga County Bar Association executive board, the Cornell Cooperative Extension of Saratoga County, The Charlton School for Girls and Saratoga Bridges, according to information from the company.
“I have lived in Malta my entire life and have watched it transform from a small, rural town to a robust 21st century community with many new and exciting changes,” said Karen Heggen in a statment. “I am honored to serve on behalf of the GLOBALFOUNDRIES-Foundation and excited about this new opportunity to support this wonderful community that I call home.”
The Town of Malta Foundation board consists of two members selected by the Malta Town Board and two members selected by GLOBALFOUNDRIES. Heggen was selected as the fifth board member by a vote of the board of directors.
According information from the foundation’s charter, the board can invest a portion of the income earned on contributions from GLOBALFOUNDRIES to fund “organizations, programs and projects that provide tangible benefits of a public nature to diverse groups located within the Town of Malta.”
Those organizations include not-for-profit corporations, charitable organizations, community arts and theater groups, community historical sites, special events, education programs, and sports and recreation activities.
The foundation has $37,500 available for investments in the community, according to a statement from the organization, and beginning immediately, community organizations can submit applications to be considered for funding grants.
“The board of directors will look 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,” according to a statement.
The funding application can be downloaded from the Town of Malta’s Web site, and paper copies can be obtained from the Town of Malta or from GLOBALFOUNDRIES. Mail the application to P.O. Box 2914 in Malta NY, 12020.
The deadline is Sept. 30, and determination of successful recipients will be made by Nov 15.
As part of the Fab 8 development agreement with the towns of Malta and Stillwater, GLOBALFOUNDRIES will also contribute a total of $5,000,000 to fund two charitable foundations, one in Malta and one in Stillwater.
The company is contributing the $5 million in installments, marked by key milestones in the construction and start of operations of Fab 8, according to information provided by the chip manufacturer. In July 2009, the company made the first installment with a contribution of $1,000,000 at the time of the groundbreaking. The first phase is for a recreational sports field complex in the Luther Forest Technology Campus and improvements at the Round Lake baseball fields.
The company made its most recent installments of $750,000 to the Malta Foundation and $220,000 to the Stillwater Foundation in June 2011 to mark the completion of the Fab 8 shell.
The next installments of $1,125,000 will be paid upon completion of a prototype chip and the last installments of $1,125,000 will be paid upon the third anniversary of the ground breaking. Both foundations will be fully funded by July 2012, according to the statement.