Stavros Niarchos Foundation Announces Nearly $26 Million in Grants

The Stavros Niarchos Foundation has announced grants totaling more than $25.5 million (€18.5 million) to Greek and international organizations working in the areas of arts and culture, education, health, and social welfare.

Awards include sixty-seven grants totaling $22.1 million (€16 million) that were recently approved at the foundation's biannual meeting and eighteen previously approved grants. Recipients working in the foundation's core issue areas include, in arts and culture (nearly $7.6 million), the American Federation of Arts, Musée du Louvre, and the Thessaloniki Olympic Museum; in education ($8 million), the National Library of Greece, the American Hellenic Institute, and the 1st Experimental Elementary School at the University of Athens; in health ($3.4 million), Montefiore Medical Center and the University General Hospital of Thessaloniki; and in social welfare ($6.6 million), the Charitable Institutions of Lixouri, the Municipality of Athens, and Doctors Without Borders USA.

The foundation also awarded eight grants through its three-year, $136 million (€100 million) initiative to help mitigate the effects of the prolonged socioeconomic crisis and six grants through a second three-year, $136 million initiative to address the high youth unemployment rate in Greece.

"Despite the fact that we are living in one of the most advanced and prosperous times in history, humanity is facing a series of critical and explosive socioeconomic challenges," said Andreas Dracopoulos, co-president of the SNF board. "We are fully aware of the fact that we cannot tackle such numerous and complex issues on our own. Our aim, with each cycle of grants we approve, is to attempt to ensure that we will achieve the greatest possible impact, but also that the grants will help all those who are most in need of support."

"The Stavros Niarchos Foundation aAnnounces iIts New Cycle of Grants." Stavros Niarchos Foundation Press Release 04/29/2014.