The GlobalFoundries / Town of Malta Foundation is a private foundation formed through a partnership between GlobalFoundries (Nasdaq: GFS) and the Town of Malta. Based in Malta, New York, the foundation supports local community organizations through annual grant awards.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$162K
+12.0% YoY
Grant Count
39
+30.0% YoY
Avg Grant Size
$4K
-13.8% YoY
Mission & Focus Areas
The foundation's mission centers on supporting the Malta community through grants that foster growth, inclusivity, and positive change. Primary funding focus areas include:
- Education
- Human Services
- Fire Department support
- Community services and programs
- Youth programs
- Arts and culture
- Recreation and parks
Grantmaking
Typical awards range from $1,000 to $45,000, with recent individual grants ranging from $2,000 to $10,000.
Grant Range
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Malta, New York and the surrounding region, including communities in Saratoga County and the Capital Region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $3,523,476 (as of most recent IRS Form 990 filing)
Annual Giving:
- 2025: $185,000
- 2024: $161,650
- 2023: $144,331
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
147 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Admar Semedo – President of the GF-Town of Malta Foundation
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADMAR SEMEDO | PRESIDENT | 2 | — |
| ELLWOOD SLOAT JR | VICE PRESIDE | 2 | — |
| DAVID MEAGER | TREASURER | 2 | — |
| KAREN HEGGEN | SECRETARY | 2 | — |
| SERENA SAPIENZA | DIRECTOR | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation held its annual awards ceremony on December 12, 2024, at the David R. Meager Malta Community Center to present 2024 grant awards. In 2025, the foundation entered its 15th consecutive year of grant distribution, reaffirming its long-term commitment to the local community. According to foundation leadership, these grants expand opportunities that strengthen essential services, youth programs, and community services while building a more inclusive and resilient Malta.
GlobalFoundries-Town of Malta Foundation Awards Annual Grants for 2025 -Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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