Strengthening our communities
Introduction
Joan Christel
President, State Street Foundation
“As a global firm, we recognize the important role we play in supporting the economic vitality of our communities. Being a good corporate citizen drives employee engagement, enhances our reputation with clients and builds public trust while fostering a positive impact on society.”
State Street Foundation
Through State Street Foundation, our philanthropic arm, we are committed to creating stronger communities by making grants to charitable organizations that advance educational achievement and employability.
By the numbers
Total global giving by State Street Foundation in 2023, including employee matching gifts, grants to nonprofit organizations, and other support.
Invested in nonprofits working to enhance educational and employment outcomes in 2023
Invested in other grants in 2023, including disaster relief and volunteer efforts
Programs
Our grantmaking focus
State Street Foundation’s grantees are advancing education and employability outcomes in communities around the world. We engaged independent consulting partners in EMEA (Charities Aid Foundation UK) and APAC (Myriad USA) to help us ensure our global grantmaking reflects our commitment to serving the communities where State Street operates. We are pleased to make this industry-leading research available.
Funding college readiness
Since 2020, State Street has invested over $8 million in Early College, our signature Boston-area grantmaking initiative. Through Early College, high school students take strategically sequenced, actual 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 help them 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.
Matching gifts program
Our matching gifts program monetizes employee volunteer time, matches their personal donations and supports their charitable fundraising efforts that help us to further support our local communities.
Employee volunteerism
Our employee volunteer program, State Street Volunteers, aims to help our communities thrive through impactful service that also engages and up-skills our employees.
By the numbers
Hours volunteered by employees in 2023
Of volunteer hours that were skills-based in 2023
Days of paid volunteer leave for every employee
Programs
Skills-based volunteering
Our employee volunteers leverage their professional skills in a variety of ways to help State Street Foundation-supported charities. Whether creating a centralized and more efficient data collection process, or designing a compelling annual report, our employees make meaningful impact on our community partners.
Team and individual volunteering
We encourage all employees to volunteer with the organizations that matter to them, whether as a team or individually. We provide 32 hours of paid volunteer time annually for each employee.
Corporate Citizenship Councils
Our Corporate Citizenship Councils (CCCs) comprise employees dedicated to service in their office locations. Our CCCs around the world facilitate meaningful volunteer projects for their colleagues, providing them with opportunities to give back to their local communities. CCCs also direct State Street Foundation grant funding to local charitable organizations.
Contact us
State Street Foundation accepts grant applications by invitation only. Organizations that operate in our locations and have strong missional alignment with our grantmaking focus on education and employability may express interest in consideration for funding. Our Expression of Interest (EOI) process is currently paused until Q3 and more information will be available beginning July 1. Please note that the deadline to submit an EOI is December 31 to be considered for the following calendar year.