The Stavros Niarchos Foundation (SNF) 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. The foundation's board of directors includes: The foundation has staff in Athens, Greece; Monte Carlo, Monaco; and New York City. Since 1996, the Stavros Niarchos Foundation has provided more than 4,700 grants totaling more than $3 billion to non-profit agencies. In 2012, in response to the socio-economic crisis in Greece, SNF announced a grant initiative of additional $130 million (€100 million) over three years to help ease the adverse effects of the deepening crisis. A new initiative, Recharging the Youth, was announced in 2013 to help create new opportunities for Greece's younger generations and committed an additional $130 million (€100 million). Upon the completion of the first phase of the program against the Greek Crisis, a second phase was introduced in June 2015, announcing the allocation of another $112 million (€100 million), intensifying the efforts against the ongoing crisis in Greece and providing immediate support to the most vulnerable groups of society. More information...
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