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Stavros Niarchos Foundation

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Stavros Niarchos Foundation
Founded1996; 29 years ago (1996)
FounderStavros Niarchos[1]
TypeCharitable
FocusArts and culture, education, health and medicine, and social welfare
Location
Area served
Global
MethodGrants, funding
Websitewww.snf.org

The Stavros Niarchos Foundation (SNF) is a private, international philanthropic organization, making grants to nonprofit organizations globally in the areas of arts and culture, education, health and sports, and social welfare. It was established in 1996 to honor Greek shipping magnate Stavros Niarchos (1909–1996). Niarchos was one of the world's largest transporters of oil and owned the largest supertanker fleet of his time.[2]

History

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The Stavros Niarchos Foundation was established in 1996 following the death of Greek shipping magnate Stavros Niarchos, who fully endowed the foundation.[3][4] The foundation's leadership is led by Andreas Dracopoulos, great-nephew of founder Stavros Niarchos, and his two cousins Spyros and Philip Niarchos who serve as co-presidents.[4][5]

Following the Greek financial crisis, the SNF funded projects including mobile medical care stations, school meals, and homeless shelters.[6] The SNF allocated $100 million in 2010 for initiatives addressing hunger and poverty in Greece.[4] In 2012, the foundation provided donations focused on Greek youth unemployment programs.[4]

The SNF's donated to healthcare projects globally, including the construction of new hospitals in Komotini, Thessaloniki, and Sparta in Greece.[7][8] The SNF built and transferred ownership of the Stavros Niarchos Foundation Cultural Center to the Greek government in 2017.[9][7][4] The complex houses the Greek National Opera, the National Library of Greece, and the Stavros Niarchos Park. [10]

The Foundation and the NGO Movement on the Ground funded The Barca Soccer FutbolNet programme which began July 2017.[11] As of 2018, the SNF partially funded the Culture Pass program, which enabled cardholders from the New York Public Library, Brooklyn Public Library, and Queens Library to access 33 cultural institutions across the city without charge.[12] SNF funded the Street Vendor Project in 2020, which provided meals to those lacking food security in New York City.[13]

The SNF partnered with Rockefeller University in 2019 to create the Stavros Niarchos Foundation-David Rockefeller River Campus.[3][4] In 2022, the SNF donated $75 million to Rockefeller University for the creation of an infectious disease institute.[14][3] The SNF also donated $75 million to Columbia University for the creation of the SNF Center for Precision Psychiatry and Mental Health in April 2023.[14][15]

References

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  1. ^ "FOUNDER".
  2. ^ "Greek Shipping Hall of Fame".
  3. ^ a b c "SNF Co-President Andreas Dracopoulos Honored by The Rockefeller University". The National Herald. November 2, 2023. Archived from the original on January 27, 2025. Retrieved January 22, 2025.
  4. ^ a b c d e f Shuster, Simon (July 9, 2015). "Exclusive: Greek Shipping Magnate Urges Tycoons To Pull Their Weight". Time. Archived from the original on August 23, 2022. Retrieved January 24, 2025.
  5. ^ Schwartz, Brian (October 13, 2020). "Robin Hood foundation scores Wall Street support for nonprofits run by people of color". CNBC. Archived from the original on January 27, 2025. Retrieved January 22, 2025.
  6. ^ Bocking, David (July 19, 2015). ""The rich should do more"". Spiegel Business. Archived from the original on February 28, 2023. Retrieved January 22, 2025.
  7. ^ a b "SNF Co-President Andreas Dracopoulos Awarded Honorary Doctorate in Athens". The National Herald. July 19, 2024. Archived from the original on January 27, 2025. Retrieved January 22, 2025.
  8. ^ S. Sirigos, Constantine; Zachariadis, Eirini (June 22, 2023). "Barack Obama Shares Concerns and Optimism at SNF Nostos in Athens (Vid & Pics)". The National Herald. Archived from the original on January 27, 2025. Retrieved January 22, 2025.
  9. ^ Jolly, David; Kitsantonis, Niki (July 5, 2016). "Ancient Athens Neighborhood Pins Hopes on a Cultural Center". The New York Times. Archived from the original on October 20, 2024. Retrieved January 22, 2025.
  10. ^ "Greece's Art and Culture Flourish at an Inspiring New Cultural Center". VICE. August 3, 2016. Archived from the original on February 20, 2025. Retrieved February 20, 2025.
  11. ^ Suarez, Pilar (March 28, 2019). "Barca seek to turn Lesbos camps into fields of dreams for child refugees". Reuters. Archived from the original on January 28, 2025. Retrieved January 22, 2025.
  12. ^ Lerner, Rebecca (July 17, 2018). "Culture Pass From New York Libraries Promises Free Passes To 33 Cultural Institutions". Forbes Magazine. Archived from the original on January 28, 2025. Retrieved January 22, 2025.
  13. ^ Katz, Matt (September 30, 2020). "Out-of-Work Street Vendors Found Work Feeding Food Insecure New Yorkers". The Gothamist. Archived from the original on September 10, 2023. Retrieved January 29, 2025.
  14. ^ a b H. Greenberg, Susan (June 27, 2022). "2 N.Y. Universities Receive $75M Each for Health Institutes". Inside Higher Ed. Archived from the original on January 27, 2025. Retrieved January 22, 2025.
  15. ^ Sima, Richard (June 1, 2023). "A catatonic woman awakened after 20 years. Her story may change psychiatry". The Washington Post. Archived from the original on July 10, 2024. Retrieved January 22, 2025.
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