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 addressing equity gaps in educational achievement and employability in communities where State Street Corporation operates. The grant program supports nonprofit charitable organizations that demonstrate a track record in assisting individuals aged 14 and over in education and employability, and exhibit commitment to diversity, equity, and inclusion. Grant guidelines prioritize organizational impact through measurable outcomes such as diversity across leadership and successful participant outcomes in education and employment. A significant focus is placed on racial equity and social justice, investing in organizations that reduce gaps in education and employability due to race, ethnicity, and socioeconomic status, reflecting a commitment to combating racism and inequality.