State Street Foundation's mission is to support economic vitality in communities where State Street Corporation operates. It focuses on creating lasting economic benefits through grants to nonprofits and NGOs, primarily in basic education, college success, and employability. The Foundation emphasizes being a good corporate citizen, enhancing brand recognition, and building public trust through financial support, board matching programs, and a matching gifts program to support local communities.
State Street Foundation seeks to promote economic opportunity by reducing gaps in educational achievement and employability for socio-economically disadvantaged populations in communities where State Street has a business presence. It does this by making general operating/unrestricted investments in nonprofit charitable organizations with a demonstrated track record of supporting people aged 14 and older in educational achievement and employability.
Grantees report on outcomes such as: - Number of participants gaining access to basic skills that lead to lifelong success - Number of participants who are aware of, apply for, enter and complete credential programs - Number of participants who are connected with meaningful employment opportunities