Eleven organizations receive money to solve Greek financial problem
April 29, 2013
The fiscal issues plaguing Greece have been a problem for a number of years. Not only is this affecting the local economy and way of life, but it is becoming a more far-reaching challenge for the European Union and the world as a whole. As such, the Stavros Niarchos Foundation recently gave grants totaling nearly $7.4 million to 11 nonprofit groups that have pledged to help solve this and related issues.
Administrators at the Niarchos Foundation noted that these funds will help domestic groups not only come up with a plan of action for the economy, but the money will address social economical issues that have arisen because of Greece's poor fiscal conditions. For example, grants were given out to Cerebral Palsy Greece, the Rehabilitation Center for Disabled Children of Voula, University Hospital of Ioannina and numerous others.
The Niarchos Foundation has been involved in a large number of grant-giving opportunities since its inception in 1996. Since then, around $1.36 billion in the form of 2,500 grants has been doled out in 109 different countries. The group has many different focuses, from arts and culture to health and medicine.
Foundations that support nonprofit programs year-round can use grant management software to help board members and accountants track funds and recipients as awards are allocated.