The Foundation provides grants to non-profit organizations and donor-directed scholarships for area students. It also serves as an endowed investment fund for non-profit organizations. Funding for the Glens Falls Foundation and its sub-funds comes from private donations and bequests. The Foundation does not conduct fund drives. Its current assets exceed $14 million. These assets are held in an investment fund with income apportioned every month to a non-restricted general fund and 52 sub-funds established by non-profit organizations or specific donors. The Foundation funds capital projects, equipment purchases, start-up costs, and special projects of non-profit organizations. The Foundation's Distribution Committee meets quarterly to select the recipients of grants based on applications submitted by non-profit organizations. The Distribution Committee also awards scholarships based on the applications of eligible students and the recommendations of guidance counselors. The Distribution Committee consists of seven members: One is appointed by the Supreme Court Justice of Warren County, one by the Surrogate Court Justice of Warren County, one by a Justice of the Appellate Division of the Supreme Court, three by the trustee and one member by the mayor of Glens Falls. Current members are Donna Metivier Perkett, Chair; Mark L. Behan, Vice-Chair; Dr. Stacey Mandelbaum, Paul R. McPhillips, Cheryl Hogan, Dr. Kathryn O'Keeffe, and Elizabeth Barton-Navitsky. Non-profit organizations are encouraged to review the Foundation's application procedure when preparing a request to the Foundation for funding. Requests for operational funds are discouraged.
