BY KATE BUNSTER
NISKAYUNA- The Wright Family Foundation, the charitable arm of SI Group, announced on Friday a revised mission to “support some of the most critical community needs.”
The foundation plans to provide grant funding for three specific areas: neighborhood revitalization, jobs and education. While doing so, the foundation will continue to provide support to nonprofit organizations, according to a news release.
In the past, The Wright Family Foundation has contributed $1.2 million to 50 to 60 projects throughout the Capital Region each year. With this new mission, they plan to distribute that same $1.2 million, but across only 5 to 10 projects in their three areas of focus.
“We wanted to figure out a way to make more of an impact and focus on a few organizations to try to address a particular issue,” Heather Ward, chairwoman of the Wright Family Foundation, said Friday. “We feel these areas are connected.”
There has been no final decision made on the specific projects they will give funding to, but plan to make a decision within the next couple of weeks, Ward said.
“The foundation and SI Group have a long history of supporting the communities in which we live and work. Our new mission strengthens our ability to make a long-term and sustainable impact on the lives of so many,” said Ward in a news release.
The Wright Foundation’s board of directors is primarily made up of descendants of the founder of SI Group, W. Howard Wright.
The SI Group, headquartered in Niskayuna, manufactures chemicals, resins and lubricants used in industrial and consumer goods. The company, founded in 1906 and formerly known as Schenectady International, has 20 manufacturing sites and 2,700 employees worldwide.