As a result of the agreement negotiated between the Town of Athens and Athens Generating, a trust fund was set up in 2001 to receive community benefits funding and manage the strategy of safeguarding donated assets’ growth into perpetuity, while providing maximum yearly benefits for the people of Athens. As of December, 2016, the grand total of all contributions into the fund, including additional outside sources such as the Peckham Family Foundation and Morgan-Stanley’s Employee Contribution had approached $3.8 Million.
The Athens Community Foundation is a 501(c)(3) charitable foundation, which has been chartered to accept unrestricted donations from any source.
For 2016, the Trustees of the Athens Community Foundation announced the net distribution of 40 grants totaling $212,537 to 31separate Athens based qualifying civic, sports, cultural, fraternal, educational, and governmental groups. Including in this cycle, thefourteenth annual round of grants by the Foundation, the number of grants over the life of the Foundation now totals 410, along with a total dollar figure disbursement of $2,337,971. Major funding from the Athens Community Foundation has made this website possible without taxpayer expense.
The 2016 Grant Cycle closed in December, 2016. The 2017 Grant Applications for the Athens Community Foundation will become available in mid-Summer, 2017 and will be announced.