The Stavros Niarchos Foundation [(SNF) (www.SNF.org)] is one of the world’s leading private, international philanthropic organizations, making grants to nonprofit organizations in the areas of arts and culture, education, health and sports, and social welfare. Since 1996, the Foundation has committed more than $2.6 billion, through more than 4,300 grants to nonprofit organizations in 124 nations around the world.
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The SNF funds organizations and projects, worldwide, that aim to achieve a broad, lasting and positive impact for society at large, and exhibit strong leadership and sound management. The Foundation also supports projects that facilitate the formation of public-private partnerships as an effective means for serving public welfare.
The SNF regularly makes grants around the world.
Some of the Foundation’s international landmark gifts include the following:
In 2016, the SNF announced the commitment of $150 million to establish the Stavros Niarchos Foundation Agora Institute at Johns Hopkins University (JHU) in Baltimore, MD, US. This multidisciplinary center will debate, explore and promote civil discourse and civic engagement worldwide. Once a year, as part of the Foundation’s Summer Nostos Festival and International Conference, the SNF Agora Institute holds an open, public event at the Stavros Niarchos Foundation Cultural Center (SNFCC), in Athens, Greece.
The SNF’s gift to JHU follows another landmark gift of $75 million to Rockefeller University, a world-renowned academic and medical research institution, in New York, NY, US, to create a new and expanded university campus, the Stavros Niarchos Foundation-David Rockefeller River Campus (SNF-DR), which will open in 2019.
In keeping with the Foundation’s long-standing and extensive commitment to libraries worldwide, the SNF has also announced a transformational gift of $55 million for the complete renovation of New York Public Library’s Mid-Manhattan Central Circulating Branch and the creation of an endowment in support of its public programs. The library will re-open in 2020 as the Stavros Niarchos Foundation Library (SNFL).
In Greece, some of the SNF’s landmark gifts, include:
Three nearly complete major grant initiatives totaling approximately $380 million, in addition to its ongoing grants (Grants Against the Greek Crisis & Recharging the Youth), to respond to urgent local needs by providing relief against the severe effects of the country’s socioeconomic crisis.
In September 2017, the SNF announced a new grant initiative to expand its support of the Health sector in Greece, expected to exceed $250 million. Since 1996, the SNF has already provided grants of more than $130 million for the support of health programs in Greece. As part of the new Health Initiative, the SNF will fully fund major infrastructure projects throughout the country, all designed by the renowned architectural firm Renzo Piano Building Workshop. This new grant also aims at enhancing the National Center for Emergency Care’s (EKAV) air ambulance services, and includes the procurement of new medical equipment and the implementation of education-related programs as well. On March 21st, 2018, the SNF signed a Memorandum of Understanding with the Greek State regarding the implementation of the grant initiative.
The SNF’s largest single gift to date is the Stavros Niarchos Foundation Cultural Center (SNFCC), in Athens, Greece. The project’s total cost exceeded $860 million. The SNFCC was also designed by Renzo Piano and the RPBW, and includes the new home facilities of the National Library of Greece and the Greek National Opera, as well as the Stavros Niarchos Park. The Foundation delivered the SNFCC to Greek Society on February 23, 2017. Following the handover, the SNF announced its commitment to continue supporting the SNFCC for five years, through grants of $53 million that support the implementation of public programming and help cover a portion of SNFCC’s operational costs. All events funded with the SNF’s support are free to the public.
Every year, the SNF organizes the Summer Nostos Festival and its Annual International Conference on Philanthropy, which take place at the SNFCC. In addition, the SNF has launched the monthly series of events entitled Dialogues, in an effort to strengthen public discourse by presenting—live and online—individuals who inspire with their work.
The SNF does not engage in any business activity in Greece or abroad, and it is audited by Deloitte. The SNF, in collaboration with its auditors, Deloitte, periodically performs sample grantee audits in relation to the financial management of the Foundation’s grants.