For its third-quarter grant giving, the Coca-Cola Foundation announced grants totaling $8.6 million for community organizations in 21 countries around the world. Since the world's largest beverage company established its philanthropic arm in 1992, the Coca-Cola Foundation has been providing support for sustainability efforts in recycling, water conservation, education and healthy living. In total, it has contributed $500 million to work in these arenas.

"Our grants invest in the ingenuity of grassroots partners who contribute to the well-being of communities around the world," said Ingrid Saunders Jones, The Coca-Cola Foundation's chairperson. "With our support, these partners work to improve the quality of life for their families, their neighbors, their cities and their countries."

In this round of grantmaking, the foundation awarded $625,000 for community recycling initiatives, $2.1 million for programs that support healthy lifestyles, $2.5 million for education efforts and $2.6 million for water stewardship. The Coca-Cola Foundation also granted $755,000 for work in HIV/AIDs prevention and education, environmental awareness, economic advancement and other local priorities.

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