The mission of State Street’s Community Event Sponsorship program is to contribute to the sustainability of communities where State Street operates, primarily by investing event sponsorship funds in charities that serve disadvantaged populations.
State Street, through the Corporate Citizenship department, sponsors community events as a way of complementing the social investment strategies of the State Street Foundation Grantmaking program and the Employee Volunteer Program.
Community event sponsorship investments foster strategic, comprehensive partnerships with charities around the world, raise awareness and visibility around key community issues and engage State Street employees by providing networking opportunities.
Eligibility and Types of Support
Community event sponsorship support is focused on supporting charities that serve disadvantaged populations that may include:
Unemployed and underemployed
Disabled seeking employment or advancement
Immigrants entering or advancing within the workforce
Community event sponsorship support is focused on the communities where State Street has a business presence and is limited to organizations that hold charitable status in their country. Eligible organizations must operate on a not-for-profit basis and stand by a mission to benefit the local community. To be eligible, an organization must be operated and organized so that it does not discriminate in the hiring of staff or provision of services on the basis of race, citizenship, creed, disability, gender, sexual orientation, marital status, age or religion.
Types of Support
The Community Event Sponsorship Program considers event sponsorship support to charities that serve the following areas:
Primary Area of Support
Workforce Development and Education
Youth Employability and Education - including academic persistence and job readiness, academic achievement, college access and success, drop- out prevention and re-entry programs, teach training and professional development an school improvement programs
Adult Education & Employment – including job readiness and employment, Adult Industry Based Job Readiness and Employment, language literacy programs and post-secondary academic persistence and employability
Secondary Areas of Support
Affordable Housing - comprehensive and creative approaches that preserve and increase the supply of and access to affordable housing with an emphasis on initiatives addressing systemic change; homelessness and foreclosure prevention
Capacity Building – initiatives that increase the strength and effectiveness of the nonprofit sector
Economic & Community Development - programs that help communities grow and revitalize and respond to high priority community needs
Educational Support Services - school readiness programs that prepare children from birth to age five for school success, as well as programs for elementary school students that foster school success (including select mentoring initiatives), with an emphasis on efforts addressing systemic change
Human Services – programs designed to meet basic human needs and improve the overall quality of life for disadvantaged populations, with a focus on prevention as well as remediation of problems
Hunger Reduction - comprehensive and creative approaches to reducing hunger including food pantries and meal programs with emphasis on initiatives addressing systemic change
Corporate Social Responsibility and Environment
Environmental education through programs that provide less-advantaged students with increased awareness of environmental concerns
Environmental improvement through community-based clean-up and beautification
Arts and Culture
Performing arts programs serving disadvantaged population that take place at museums, libraries and cultural centers
Funding is not considered for:
Disease-specific initiatives and/or medical research
Political causes, candidates, organizations and campaigns
Organizations who primary purpose is to influence legislation
Individual pursuits, including scholarships and other forms of financial aid
Sectarian activities for religious organizations
The Corporate Citizenship division community event sponsorship staff and committees of State Street Corporation employees meet on a regular basis to review event sponsorship requests and make funding decisions.
Within approximately 8 weeks, organizations will receive a response regarding whether or not the event sponsorship request was approved. This timeframe is dependent upon many factors, including volume of requests, additional information gathering, and meeting schedules.
To apply for a community event sponsorship, see instructions on the corporate website.