Established in 1977, the State Street Foundation is the charitable grantmaking arm of State Street Corporation. Supporting the communities in which State Street lives and works around the world is one of State Street’s fundamental values. The Foundation is dedicated to enriching these communities through contributions to charitable organizations and by supporting causes important to State Street employees. Specifically, the Foundation administers the funds for strategic grantmaking, matching gifts, disaster relief emergency assistance, and the workplace Global Giving Campaign. Headquartered in Boston, the Foundation has 38 community support program committees in 25 countries responsible for establishing programs and managing relationships with local recipient organizations.
At the foundation of the strategic grantmaking program is an understanding that increasing an individual’s ability to earn and maintain a living contributes to the overall health and well-being of our communities around the world. By investing resources with this in mind, the Foundation strives to resolve issues of skill shortages, regional competitiveness and income disparity between those with and without education and job skills. The Foundation collaborates with peers, educational institutions and charitable organizations to help ensure that populations where State Street operates are economically thriving and that a pipeline of entry- and intermediate-level talent is available to meet employer needs.
The mission of the Principles for Responsible Management Education (PRME) initiative is to inspire and champion responsible management education, research and thought leadership globally.
The PRME are inspired by internationally accepted values such as the principles of the United Nations Global Compact. They seek to establish a process of continuous improvement among institutions of management education in order to develop a new generation of business leaders capable of managing the complex challenges faced by business and society in the 21st century.