Donor Programs

At State Street, charitable giving continues to be an integral part of our corporate culture. Primarily through two donor programs – the United Way Campaign and the Matching Gift program – our employees contributed more than $3.8 million in 2007 to a variety of local charities and educational institutions. In addition, the State Street Foundation matched these gifts at the $3.4 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 2007, employee contributions of US$3.1 million and a corporate gift of $2.7 million allowed State Street to make a total contribution of $5.8 million – the first 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 17 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

In 2007 the State Street Foundation, Inc. expanded its Matching Gift program by introducing 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 most qualified nonprofit organizations designated as a public charity under the 501(C)(3) code and to qualified accredited educational institutions. To lengthen the program’s global reach, the Matching Gift program is in the process of launching to State Street’s offices around the world. In addition to the US, the program is currently available in Australia, Canada, the Cayman Islands, Ireland, and the United Kingdom.

During 2007, State Street Foundation provided $700,000 to match nearly 1,600 employee contributions.