State Street Awards Local Nonprofits Grants Totaling More Than $1 Million to
Support Employment and Education Programs
State Street Foundation Makes Twenty-Three Grants in Q2 2014
BOSTON -- August 14, 2014
State Street Corporation (NYSE: STT) today announced that its Foundation made
23 grants to support nonprofits in Quincy and Boston during the second quarter
of 2014 totaling more than $1 million to support education and career
development programs. The State Street Foundation is the charitable
grantmaking arm of State Street Corporation.
“As a company headquartered in Massachusetts we are deeply invested in our
local community,” said Michael Scannell, senior vice president and head of the
State Street Foundation. “We recognize our investments in education and
workforce development can have a positive impact in creating and maintaining
Adult Education and Employment
• Five grants totaling $145,000 were made in support of job placement and
retention programs, secondary and post-secondary credential programs, and
English as a secondary or other language (ESOL) programs with a focus on
programs that provide skills development and support services, as well as
language and literacy skills to help adults maintain employment.
• One $40,000 grant was awarded to the New England Center for Homeless
Veteran’s (NECHV) to support its veterans training school which offers
vocational training to homeless veterans to provide them with critical skills
to achieve employment.
Youth Education and Employability
• Seven grants totaling $435,000 were made in support of academic achievement
programs targeted at keeping students on track for high school graduation.
• A $150,000 grant was given in support of the Boston Debate League’s Go Deep
Initiative, a new program implemented in seven Boston area schools with the
goal of transforming school culture and improving graduation rates.
• Eight grants totaling $420,000 were made in support of youth academic and
employment programs to help build basic job skills.
• A $115,000 grant was given to BUILD, a four year old program that uses
entrepreneurship to encourage students at risk of dropping out of high school
to persevere, graduate and ultimately attend college.
Grants ranging from $10,000 to $250,000 were also made to Father Bill’s and
Mainspring, Operation ABLE, Big Brothers Big Sisters of Massachusetts Bay, Big
Sister Association of Greater Boston, Bird Street Community Center, South
Boston en Accion, Women’s Lunch Place, City Year, Friends of the
Children-Boston, Squashbusters, Summer Search, Boys and Girls Clubs of Boston,
Center for Teen Empowerment, Friends of Youth Opportunity Boston,
Massachusetts Coalition for Occupational Safety & Health, New England Aquarium
and the Boston Private Industry Council (PIC).
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers
of financial services to institutional investors including investment
servicing, investment management and investment research and trading. With
$28.4 trillion in assets under custody and administration and $2.48 trillion*
in assets under management as of June 30, 2014, State Street operates in more
than 100 geographic markets worldwide, including the US, Canada, Europe, the
Middle East and Asia. For more information, visit State Street’s web site at
* Assets under management include the assets of the SPDR® Gold ETF
(approximately $33 billion as of June 30, 2014), for which State Street Global
Markets, LLC, an affiliate of SSgA, serves as the distribution agent.
State Street Corporation
Elizabeth Bartlett, +1 617-662-2903
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