Thanks to Burner Bobzilla for posting this info. 47 grants totalling $700,000 have been awarded, chosen from 349 applications seeking $5 million in funding.

The 2012 grant winners are:

Almost michael christian Berkeley, CA
Arc Harps Jen Lewin Boulder, CO
bapteme de feu 2.0 Anton Vidtiz-Ward Telluride, CO
Bicycle Arpeggio George Rahi Bellingham, WA
Burn Wall Street Otto Von Danger Oakland, CA
Char Wash Christopher Schardt Oakland, CA
City of Lights Gary Long Los Angeles, CA
Dragon Smelter Daniel Macchiarini San Francisco, CA
EGO Laura Kimpton & Michael Garlington Vineburg, CA
Front Porch Zac Carroll Mill Valley, CA
Fusion Fire Team What-Dat-Do Seattle, WA
Harmonic Fire Pendula Matthew Dockrey Seattle, WA
Labyrinth of Colorful Cloud Rob Fischer Brooklyn, NY
Luminous Passage 2.0 Predock/Frane Architects vs Anderson/Predock San Francisco, CA
Lune & Tide Sarah Cockings, Laurence Symonds London (UK)
Man Pavilion Pistil Gregg Fleishman Oakland, CA
MetaMorph Chelsea Jenkins Alta Loma, CA
Mooving Sculpture David Boyer Reno, NV
Murmuration Jeff Maguire Santa Monica, CA
Neverwas Haul Shannon O’Hare Vallejo, CA
Otic Oasis 2.0 Gregg Fleishman (Artist) and Melissa Barron (Conceptor) Oakland, CA
Perception in the Absence of Reality David Clay (Playa Name: Egg Shen) Seattle, WA
Pier 2 Matt Schultz/ The Pier Group Carnelian Bay, CA
Pins Tom Woodall Kennewick, WA
Pyropodium Noah Rosenthal and Nathan Clark Cleveland Heights, OH
Remembering Cap’n Jim Dave Power Pagosa Springs, CO
Reno Star Mark Szulgit Sebastopol, CA
Serpent Twins Jon Sarriugarte , Kyrsten Mate Oakland, CA
Singularity Transmissions Troy Stanley and TEAM RX/TX Houston, TX
Star Seed Kate Raudenbush New York, NY
Starport 2.012 (Cafe Portal) Carey Thompson Novato, CA
sub-Sonarium Benjamin Carpenter / Daniel Yasmin Oakland, CA
Sun Bugs Adel Kerpely Brooklyn, NY
Super Street Fire Seth Hardy & Site 3 coLaboratory Toronto (CANADA)
Tesseract James Reinhardt, Scott Chico Raskey Seattle, WA
The Temple of Juno David Best Petaluma, CA
Third Space at Burning Man ALEXANDER REHN & GREUTMANN & BOLZERN San Francisco, CA
Through the Gorilla Glass GUILD — Spencer Rand, Johnathan Wong, Andrea Ling, Patrick Svilans and Jonah Humphrey Toronto (CANADA)
Timing is Everything Charlie Smith Atlanta, GA
Transcendental Cube Joseph Quinn Los Angeles, CA
Tree of Transformation Dadara Amsterdam (NETHERLANDS)
Tree of Transmutation Kevin Christman Talent, OR
Universe Revolves around You Zachary Coffin Atlanta, GA
Yoga Robot Scott Harris Telluride, CO
Zoa Flux Foundation San Francisco, CA
Zonotopia and the Two Trees Rob Bell San Francisco, CA

Some further coverage from the SF Bay Guardian

On the positive side, the Borg is giving away more than $700,000 – its most ever and a $100,000 increase over last year – to 47 art projects, many of them to Bay Area artists such as Michael Christian, Zac Carroll, Gregg Fleishman, Krysten Mate/Jon Sarriugarte, Otto Von Danger (whose Burn Wall Street project was inspired by the Occupy Wall Street movement), Flux Foundation (whose 2010 Temple of Flux we profiled), and David Best (the original Temple-builder who will do this year’s Temple after a three-year break).

Yet with 349 applicants seeking almost $5 million, there are lots of great local projects and artists that didn’t make the cut who will now be forced to aggressively raise money or consider scaling back or abandoning their plans. Among those are longtime artist Charlie Gadeken, Marco Cochrane (who for two years has been trying to complete Truth is Beauty, his follow-up to the spectacular Blissdance, the 40-foot tall nude woman who currently dances on Treasure Island), and the all-hands-on-deck Bottlecap Gazebo project that has been the subject of near-constant work by dedicated teams in San Francisco and Oakland.

The Bottlecap Gazebo crew has already been tapping its communities to collect and process about 100,000 beer bottle caps that are being smashed, stitched, and shaped into an ornate gazebo that incorporates the caps’ colors into its swirling design. Now they also need cash to complete the project, which you can give here.