State Street Awards Local Nonprofits Grants Totaling More Than $1 Million to Support Employment and Education Programs
August 14 2014 - 10:02AM
Business Wire
State Street Foundation Makes Twenty-Three Grants in Q2 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 sustainable
employment.”
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 www.statestreet.com.
* 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.
CORP-1076
State Street CorporationElizabeth Bartlett, +1
617-662-2903www.statestreet.com@StateStreet
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2024 to Jul 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jul 2023 to Jul 2024