Donor Programs

At State Street, charitable giving continues to be an integral part of our corporate culture.  Through two donor programs – the United Way Campaign and the Matching Gift program – our employees contributed more than $4.2 million in 2008 to a variety of local charities and educational institutions. In addition, the State Street Foundation matched these gifts at the $4.1 million level.

United Way Support

State Street's philanthropic support for United Way agencies throughout North America includes contributions from the State Street Foundation and our employees. In 2008, employee contributions of US$2.6 million and a foundation gift of $2.6 million allowed State Street to make a total contribution of $5.2 million – the second consecutive year the company surpassed the $5 million mark.

In the Greater Boston area, State Street has ranked as the largest single contributor to the United Way of Massachusetts Bay for 18 consecutive years. In addition to Massachusetts, State Street provided corporate and employee support to United Way agencies in California (Alameda/San Francisco, Los Angeles, and Newport Beach), Atlanta, Kansas City, MO, Princeton, NJ, New York, NY, and Winston-Salem, NC, as well as in the Canadian cities of Montreal, Toronto and Vancouver.

Matching Gift Program

The State Street Foundation’s Matching Gift program offers three distinct methods of matching employee donations:

GiveMore, provides a match of financial contributions to charitable organizations or educational institutions

DoMore, provides a monetary grant as a match for volunteer efforts with a charitable nonprofit

CollectMore, provides a match of fulfilled pledges raised by an individual employee for an organized fund-raising event

These three Matching Gift methods expand the ways in which employees and directors can give back to their communities, through donations of money, time and through fundraising efforts. The program is open to qualified charitable organizations and accredited educational institutions. To further the program’s global reach, the Matching Gift program is in the process of launching to all of State Street’s offices around the world. In addition to the US, the program is currently available in Australia, Canada, the Cayman Islands, Europe, Qatar and the United Arab Emirates.

During 2008, State Street Foundation provided $1.4 million to match 3,000 employee gifts.