State Street Foundation Grant

The State Street Foundation Grant supports nonprofits and NGOs that promote economic opportunity and reduce equity gaps in education and employability. Organizations seeking funding must operate in areas where State Street has a business presence and demonstrate a commitment to diversity and inclusion. The foundation prioritizes measurable outcomes and focuses on racial equity and social justice, ensuring that grants support initiatives that foster community engagement and sustainable impact.

NOTE: Submit an Expression of Interest (EOI) by providing some basic information about your organization in order to be considered for an invitation to apply. The deadline for EOI submission is December 31 to be considered for the following calendar year. Please note, any EOI submissions received on or after January 1 will be reviewed and considered in the next calendar year.
Through State Street Foundation, our charitable arm, we make grants to nonprofits and non-governmental organizations, with a focus on creating lasting economic benefits in the communities where we live and work. The Foundation invests in high-performing nonprofits that are achieving measurable results in basic education, college success and credentials, and employability.
In addition to financial support, the Foundation also manages a charitable board matching program, providing training and support for State Street employees to serve as members of boards of directors for charitable organizations. A matching gifts program that monetizes employee volunteer time, matches donations and supports fundraising efforts helps us to further support our local communities.
Grant Guidelines
State Street Foundation, Inc. seeks to promote economic opportunity by reducing equity gaps in educational achievement and employability in communities where State Street Corporation operates.
Mission and Strategy
State Street Foundation, Inc. seeks to promote economic opportunity by reducing equity gaps in educational achievement and employability. We do this by making general operating support investments in non-profit charitable organizations that:

• Operate in communities where State Street Corporation has a business presence

Have a demonstrated track record of supporting people aged 14 and over in the areas of educational achievement and employabilityShare a commitment to and demonstrate leadership in diversity, equity and inclusion, including addressing equity gaps based on race, ethnicity, socio-economic status and/or other diversity dimensions as applicable in the organization’s location
Organizational diversity across the dimensions of Leadership, Staff, Populations Served, Board of Directors, and Executive Director, andNumbers and diversity of participants gaining access to basic skills that lead to lifelong success (including high school/secondary degree or equivalent), and/orNumbers and diversity of participants who are aware of, apply for, enter and complete credential programs (college, university, vocational and technical training), and/orNumbers and diversity of participants who are connected with employment opportunities and retain employment over a period of one year
A focus on Racial Equity
State Street Foundation is committed to creating more equitable communities by investing in high-impact nonprofit and charitable organizations reducing gaps in educational achievement and employability due to race, ethnicity and socioeconomic status. Our grantmaking guidelines focus on racial equity and social justice, reflecting our commitment to combatting racism and inequality as a core tenet of our grantmaking in education and workforce development. These guidelines are an outgrowth of our work in 2020-2021 with an independent, external consulting partner who systematically evaluated our eastern Massachusetts grant portfolio from a racial equity perspective.

Eligibility

To be eligible for funding, an organization must:Operate on a not-for-profit basis as a registered 501(c)3 non-governmental charitable organization or an accredited school, or their equivalents outside of the United States Provide programs and services where State Street has a business presence Benefit the local community, fulfilling a mission that aligns with our mission and strategy  Have a current strategic or business plan that clearly outlines the organization’s goals and tactics for achieving results  Not discriminate in both the provision of services and personnel decisions on the basis of race, color, religion, national origin, ancestry, ethnicity, age, disability, sexual orientation, gender, gender identity, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable lawPlease note that grants from State Street Foundation may not exceed 15 percent of an organization’s total budget.

Ineligibility

Funding is not considered for:Capital purposesDisease-specific initiatives and/or medical research
EndowmentsPolitical causes, candidates, organizations or campaigns
Organizations whose primary purpose is to influence legislation
Active military causes
Individual pursuits, including scholarships and other forms of financial aid
Travel for individuals or groups
Requests made in consideration of any benefit to State Street, including an award for new business or renewal of existing business with State StreetRequests made by a government official with decision-making authority concerning business with State Street