Niarchos Foundation Announces Second Emergency Grant Program

The Stavros Niarchos Foundation in Athens has announced a second €100 million ($112 million) emergency grant program to address the effects of the ongoing socioeconomic crisis in Greece.

The program augments the foundation's €100 million Initiative Against the Greek Crisis, which was launched in 2012 to ensure the sustainability of hundreds of Greek cultural, educational, health, and social welfare organizations. The new funding will provide continued support to organizations working to assist those who have been affected by the most prolonged socioeconomic crisis in Greek history. In addition to the new emergency funding, the foundation continues to fund its €100 million Recharging the Youth initiative, which it launched in 2013 with the aim of creating better employment prospects and opportunities for the country’s young people, who have been hard hit by the ongoing crisis.

"During the first phase of the 'Initiative Against the Crisis,' which was completed only a few months ago, the first step was made in a major effort that was started by the foundation in 2012, with a dual purpose: on the one hand, to contribute to the immediate relief of our fellow men and women from the effects of the crisis and, on the other hand, to create those necessary conditions which will ensure long-term benefits for the entire Greek society," said SNF co-president Andreas Dracopoulos. "The positive impact of this first initiative, in conjunction with the devastating consequences for society which are still generated by the crisis, mobilize us into intensifying our actions in this direction and to support, with an extra €100 million, more organizations and, through them, more of our fellow men and women. Only if we join forces and move forward collectively will we manage to come out of these challenging times strong."

"The SNF Announces a Second "Initiative Against the Greek Crisis"." Stavros Niarchos Foundation Press Release 06/25/2015.