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, 2012, 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 2012, the Trustees of the Athens Community Foundationannounced the distribution of 35 grants totaling $163,117 to 30 separate Athens based qualifying civic, sports, cultural, fraternal, educational, and governmental groups. Including this cycle, the tenth annual round of grants by the Foundation, the number of grants over the life of the Foundation now totals 274, along with a total dollar figure disbursement of $1,330,834 Major funding from the Athens Community Foundation has made this website possible without taxpayer expense.
The 2012 Grant Cycle closed in December, 2012. The 2013 Grant Applications for the Athens Community Foundation will become available in mid-Summer, 2013, and will be announced.