Stavros Niarchos Foundation Awards $35 Million in Grants

The Stavros Niarchos Foundation has announced eighty-eight grants totaling more than $35 million (€26.8 million) in the areas of arts and culture, education, health, and social welfare.

In support of arts and culture, the foundation awarded a total of $8.9 million, including grants to the Athens State Orchestra, the B&M Theocharakis Foundation for the Fine Arts and Music, and the Hellenic American Chamber of Commerce. The foundation awarded more than $6 million in the area of education, including grants to the 7th Laboratory Centre of Piraeus, the Center for Strategic and International Studies, and the Handicraft-Industrial Educational Museum. And it awarded $13.3 million to health organizations, including grants to Doctors Without Borders, the General Hospital of Athens "Alexandra," and the New York Road Runners, and nearly $7 million in support of social welfare organizations, including awards to the Association Des Paralyses, the Centre for Special Children, and the Coalition for the Homeless.

Many of the grants were made as part of a €100 million ($127 million) initiative to address the fallout from the recent economic crisis in Greece and a separate €100 million initiative to combat youth unemployment and create new opportunities for young people in the country.

"Through this new cycle of grants, the Stavros Niarchos Foundation bolsters its efforts in support of our fellow citizens who are trying to cope with today's challenges, while at the same time supports the new generation, whose achievements will lead us all to a better tomorrow," said Andreas Dracopoulos, co-president of the SNF board of directors. "We hope that these new grants, targeted yet multifaceted, will contribute, to the extent that they can, to the next firm and optimistic step."