Greek foundation commits $136 million to create more jobs
October 07, 2013
While many individuals may believe the job situation in the United States to have been shaky at best for the last few years, the economic climate in Greece is worse. Metrics like GDP, inflation, unemployment and other factors are reflective of the poor fiscal landscape, and citizens are feeling the pressure.
This led the Stavros Niarchos Foundation (SNF) to recently commit $136 million to efforts to create more job opportunities in the nation, especially for young Greeks. SNF Board Co-President Andreas Dracopoulos explained that this was necessary, because studies have shown that if individuals aren't exposed to job opportunities in their youth, they will be adversely affected for years to come.
Some of this money is going to plan for an upcoming conference in New York City in early 2014 hosted by the SNF to consider proposals on how to catalyze job growth and sustainability in Greece.
Since 1996, the SNF has been very active in its giving strategies. In the last 17 years, the organization has given more than $1.3 billion to nonprofits and other groups. The majority of these gifts (32 percent) have been given to those that strive to create education reform, followed by arts and culture-centric groups and social welfare, at 31 and 28 percent of all grants, respectively.
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