State Street Foundation Inc
State Street Foundation Inc is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $14.8M in total assets. In 2025, it awarded 1 grant totaling $26.9M. Net investment income was $457K.
State Street Foundation Inc at a glance
In short: State Street Foundation Inc gave $26.9M across 1 grant in 2025 (avg $26.9M), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $26,855,393
- +24.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $26,855,393
- +24.4% vs 2024
- Median grant
- $26,855,393
- Total assets
- $14,795,276
- -8.9% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to State Street Foundation Inc
Open Grants
1 open opportunity from State Street Foundation Inc
Who State Street Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How State Street Foundation Inc gives
- Giving grew 33% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $20.2M (2022) to $26.9M (2025). In 2025 it made 1 grant totaling $26.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Statement Boston, MA | See Attached Statement | $26,855,393 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $14,795,276 | $25,496,473 | $26,939,096 | $26,855,393 | 1 | $26,913,393 | $457,206 | $598,536 |
| 2024 | $16,237,899 | $26,008,801 | $21,829,042 | $21,596,114 | 1 | $21,815,392 | $1,004,375 | $1,047,404 |
| 2023 | $12,058,141 | $25,496,290 | $26,100,251 | $25,779,865 | 1 | $26,094,565 | $493,290 | $538,251 |
| 2022 | $12,509,602 | $25,101,170 | $20,307,015 | $20,246,980 | 1 | $20,304,015 | $97,130 | $473,961 |
| 2021 | $7,590,446 | $6,540 | $25,589,737 | $25,354,572 | 1 | $25,586,737 | $1,040 | $1,084,015 |
| 2020 | $32,923,643 | $18,609,628 | $22,451,912 | $22,219,990 | 1 | — | $104,770 | $1,625,180 |
| 2019 | $36,770,927 | $49,499,854 | $21,454,172 | $21,255,908 | 1 | — | $395,126 | $717,124 |
Under IRS private-foundation payout rules, State Street Foundation Inc reported a distributable amount of $599K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
State Street Foundation Inc is led by Joan Christel, President on every filing since 2023; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joan Christel
President
On filings since 2023
20 hrs/week
No compensation reported
Monica Franceschini
Clerk
On filings since 2019
2 hrs/week
No compensation reported
Beth Schaefer
Treasurer
On filings since 2023
2 hrs/week
No compensation reported
Midori Morikawa
Vice President
On filings since 2023
5 hrs/week
No compensation reported
Former officers (5)
- Former: Brian Kinney (2019–2022) — Treasurer
- Former: Joseph McGrail (2019–2022) — President · Filing note: Retired
- Former: Joan Christel Current (2022) — President
- Former: Michael J. Scannell Prior (2019–2020) — President
- Former: Simon Zornoza Prior (2019–2020) — Clerk
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about State Street Foundation Inc
How much does State Street Foundation Inc give each year?
State Street Foundation Inc gave $26.9M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $21.6M across 1 grant.
How large is State Street Foundation Inc?
State Street Foundation Inc reported $14.8M in total assets on its 2025 IRS Form 990-PF. It paid out $26.9M in qualifying distributions that year, against a required minimum of $599K (roughly 5% of its investment assets).
Where does State Street Foundation Inc operate?
State Street Foundation Inc has awarded grants in Massachusetts.
What is State Street Foundation Inc's EIN?
State Street Foundation Inc's EIN (Employer Identification Number) is 56-2615567. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 30, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 21, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in State Street Foundation Inc's focus areas in our free grants database
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