About State Street Foundation
Established in 1977, the State Street Foundation is the charitable grantmaking arm of State Street Corporation. Supporting the communities in which we live and work around the world is one of State Street’s fundamental values. The Foundation is dedicated to enriching these communities through contributions to charitable organizations and by supporting causes important to State Street employees. Specifically, the Foundation administers the funds for strategic grantmaking, matching gifts, disaster relief emergency assistance and the workplace Global Giving Campaign.
Headquartered in Boston, the Foundation has 39 community support program committees in 26 countries responsible for establishing programs and managing relationships with local recipient organizations. In the United States, grants are awarded directly to organizations and agencies designated as not-for-profit 501(c)(3) entities by the Internal Revenue Service. In communities outside the US, we provide grants to charities that are deemed 501(c)(3) equivalents. Since its inception in 1977, the State Street Foundation has made grants totaling more than US$200 million.
At the foundation of our strategic grantmaking program is an understanding that increasing an individual’s ability to earn and maintain a living contributes to the overall health and well-being of our communities around the world. By investing resources with this in mind, the Foundation strives to resolve issues of skill shortages, regional competitiveness and income disparity between those with and without education and job skills. We collaborate with peers, educational institutions and charitable organizations to help ensure that populations where we operate are economically thriving and that a pipeline of entry- and intermediate-level talent is available to meet employer needs.
Our disaster-relief efforts
Our Disaster Relief Emergency Assistance Fund provides grants in response to large-scale disasters around the world that have a significant, lasting impact and require a concerted relief and rebuilding effort. The Foundation is an ongoing supporter of the American Red Cross Annual Disaster Giving Program, which includes support for US disaster relief services, the Red Cross International Response Fund and support for the Massachusetts Bay Red Cross chapter.