15 FEBRUARY 2012 / The Stavros Niarchos Foundation announces the second installment of the $130/€100 million initiative

Identifies 16 Organizations to Receive Immediate Relief Support Through Grants Totaling $12.1/€9.2 Million

In line with its decision on January 23, 2012 to commit $130/€100 million to help alleviate the severe consequences of the developing crisis in Greece, the Stavros Niarchos Foundation’s Board of Directors today approved grants totaling $12.1/€9.2 million towards a number of not-for-profit organizations around the country.  The grants are the second installment and part of the €100 million initiative, following  the earlier announcement of grants supporting the Social Housing Program and the operation of Day Centers for the homeless (PRAKSIS), and Food Aid support for families and other organizations (Artos-Drasi). The Foundation is also in the process of evaluating a subsequent number of additional grants totaling approximately $15.2/€11.5 million. 

Today’s decision underscores the Foundation’s firm belief that the crisis has reached such dimensions that immediate action and relief are critical and essential. The second installment of funds will be made available to 16 organizations for social welfare, health and medicine and educational programs.

Following is a list of all 16 organizations under their respective program areas:

Social Welfare

 

Health & Medicine

 

Education

 

In addition to these organizations, the Foundation is spearheading several initiatives as part of this round of grantmaking,  including a food aid program for schools intended to assist approximately 3,000 students; installation of photovoltaic panels on buildings hosting non-profit organizations aiming to save energy and consequently reduce operating expenses; and a program aiming to assist approximately 100 schools throughout the country, in upgrading their Information Technology (IT) infrastructure capacity.

In announcing the $130/€100 million commitment last month, the Foundation had expressed its hope to inspire others to partake in this initiative. It is with a great sense of appreciation and hope that others will follow too, that the Foundation acknowledges that an individual, who wishes to remain anonymous, has declared his intention to donate an additional $270,000/€205,000 in total to support a number of the above mentioned organizations.

The main purpose of the €100,000,000 ($130,000,000) is to help alleviate the severe consequences of the financial crisis and assist those most in need to navigate through these difficult circumstances in the less painful way possible. For that reason, we are directing our support to non-for-profit organizations that focus on helping those that are most vulnerable. However, the crisis is far reaching and is impacting every level of society, including non-for-profit organizations of every shape and form that have been offering valuable services to the public in many different areas. Many of such organizations have experienced a severe reduction in their budgets, and have seen support wither away. As a result, they are facing a serious crisis that is restricting dramatically their ability to function properly and to offer many of their programs and services. Although, some of these organizations and their programs may not serve directly the purpose that defines the initiative, we have chosen selectively to support a small number of them, since we believe that their services have a significant impact, and that the loss of such services at a time like this will be a major loss to society at large.