State Street Foundation
As a global organization, we recognize the role we play in supporting the economic vitality of our communities. Through State Street Foundation, our charitable arm, we make grants to nonprofits and non-governmental organizations, with a focus on creating lasting economic benefits in the communities where we live and work. The Foundation invests in high-performing nonprofits that are achieving measurable results in basic education, college success and credentials, and employability.
We know that being a good corporate citizen drives employee engagement, enhances our reputation with clients and potential employees, improves brand recognition and builds public trust. In addition to financial support, the Foundation also manages a charitable board matching program, providing training and support for State Street employees to serve as members of boards of directors for charitable organizations. A matching gifts program that monetizes employee volunteer time, matches donations and supports fundraising efforts helps us to further support our local communities.
State Street Foundation, Inc. seeks to promote economic opportunity by reducing equity gaps in educational achievement and employability in communities where State Street Corporation operates.
If you are interested in being considered for an invitation to apply, please review State Street Foundation’s mission, funding eligibility, deadline and application process here.
Organizations seeking to be considered for an invitation to apply can complete an Expression of Interest (EOI) form here. The deadline for EOI submission is December 31 to be considered for the following calendar year.
A focus on racial equity
State Street Foundation is committed to creating more equitable communities by investing in high-impact nonprofit and charitable organizations reducing gaps in educational achievement and employability due to race, ethnicity and socioeconomic status. Our grantmaking guidelines focus on racial equity and social justice, reflecting our commitment to combatting racism and inequality as a core tenet of our grantmaking in education and workforce development. These guidelines are an outgrowth of our work in 2020-2021 with an independent, external consulting partner who systematically evaluated our eastern Massachusetts grant portfolio from a racial equity perspective.
We have engaged independent consulting partners in EMEA and APAC to help us ensure our global grantmaking reflects our commitment to combatting racism and inequality in other countries where State Street operates.
Since 2020, State Street Foundation has invested over US$3.6M in Early College, in which high school students take strategically sequenced, real college classes with strong career orientations during their regular high school day, at no cost to themselves or their families. Early College students receive enhanced academic and guidance support to ensure that they thrive in the rigorous college coursework and in the unfamiliar, and sometimes daunting, college environment. They graduate from high school with significant college credits, reducing the cost and time to degree completion. And they graduate with the proven confidence, habits and skills needed to be successful in college and in their careers.1
At State Street Foundation, we’re investing significantly in this national model because the evidence shows its effectiveness to bring about real systemic change – particularly for BIPOC low-income students. Our Early College investments have focused on five high schools in Boston and Quincy where we have a business presence. State Street Foundation is proud to be a founding partner and Board Member of the Massachusetts Alliance for Early College, a cross-sector coalition committed to dramatically increasing the number of students with access to high-quality Early College in Massachusetts.