State Street Corporation Announces Support for the Museum of African American History
March 26 2007 - 9:26AM
Business Wire
State Street Corporation (NYSE: STT), the world�s leading provider
of financial services to institutional investors, today announced
its $1 million contribution to support the Museum of African
American History�s commemoration of its bicentennial with a
restoration and expansion project totaling $7.2 million. The Museum
of African American History�s bicentennial project will allow for
the purchase and renovation of a building adjacent to the Museum�s
Boston headquarters to serve as an Education and Technology Center.
State Street will have naming rights at the new facility upon
completion of the project. �The State Street Corporation Education
Center will greatly enhance the Museum of African American
History�s capacity to provide public access to documents and
artifacts of great significance to the nation�s history and
culture,� said Beverly A. Morgan-Welch, executive director of the
Museum of African American History. �State Street�s contribution is
the largest corporate donation in the museum�s history. We are
deeply appreciative of State Street�s involvement in our 200th
Anniversary campaign, which underscores the company�s long-standing
tradition of preserving New England�s vital cultural landscape.�
The new education center, which will be located steps away from the
Museum�s national historic landmarks, the African Meeting House and
Abiel Smith School, will be the centerpiece of the museum�s
education and preservation mission. The new facility will be housed
in an approximately 8,000-square-foot, four-story 1906 structure,
and will include a technology center and research space. �It is our
privilege to partner with the Museum of African American History
and contribute to its continued success,� said Ronald E. Logue,
chairman and chief executive officer of State Street. �Our support
of the museum underlines State Street�s year-round commitment to
our headquarter city through sponsorships of major cultural
landmarks as well as important community organizations.� The Museum
of African American History�s 200th Anniversary campaign also
supports its plans to restore its Boston and Nantucket historic
sites, including the African Meeting House in Boston (1806), which
are dedicated to preserving the contributions of African Americans
to American history. For more information, call +1 617 725 0022
ext. 21 or visit www.afroammuseum.org. About Museum of African
American History Founded in 1966, The Museum of African American
History is New England�s premiere African American history museum
with four national historic sites and two Black Heritage Trails�.
Drawing more than 225,000 tourists annually and with 3,000 items in
its permanent collection, it is one of the most vital historic
properties in the nation. The Museum also reaches a national and
international audience that visits the Black Heritage Trail�, the
largest concentration of Underground Railroad antebellum African
American historical sites in the country. About State Street State
Street Corporation is the world�s leading specialist in providing
institutional investors with investment servicing, investment
management and investment research and trading services. With $11.9
trillion in assets under custody and $1.7 trillion in assets under
management as of December 31, 2006, State Street operates in 26
countries and more than 100 geographic markets worldwide. For more
information, visit State Street�s website at www.statestreet.com.
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