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State Street Global Philanthropy Program Makes Grants Totaling $3.2 million in 4th-Quarter 2002

Submitted by: State Street Corporation

Categories: Philanthropy & Corporate Contributions

Posted: Mar 03, 2003 – 11:00 PM EST

 

Mar. 03 /CSRwire/ - BOSTON, MA - State Street Corporation (NYSE:STT), the world's leading specialist in meeting the needs of sophisticated global investors, announced today that its Global Philanthropy Program made 269 grants totaling over $3.2 million during the fourth quarter of 2002. The fourth quarter results bring State Street's total philanthropic giving for 2002 to $10.4 million (including forward commitments).

State Street's Global Philanthropy Program contributes to nonprofit organizations that provide community service initiatives in four primary areas of focus: education and job skills training; health and human needs; youth programs; and neighborhood revitalization. Each year, the company directs at least 1.5% of its pre-tax profits to the State Street Foundation in order to help address its communities' needs. Global Philanthropy is one of the programs that the Foundation funds. Since the Foundation's launch in 1977, some 4900 grants have been awarded worldwide totaling over $72.7 million.

Included in the fourth quarter allocation was a $99,605 contribution from the program's Disaster Relief Emergency Fund to aid victims of last August's flooding in Germany. Also included was a Special Grant last December of $720,000 to 22 agencies in Boston that aid the homeless.

State Street's Global Philanthropy Program has established 28 individual contribution committees in 13 countries, including Australia, Belgium, Canada, Cayman Islands, Germany, Japan, Luxembourg, People's Republic of China (Hong Kong SAR), Singapore, South Africa, Switzerland, the United Kingdom and the United States. In 2003, committees in South Korea and Taiwan will begin operations.

Some of the programs awarded funding by the various contributions committees in the fourth quarter were:

    In Australia:

Mission Australia - to aid its Women In Supported Housing program in the Sydney area, which provides lodging for women in risk of becoming homeless

    In Belgium:

Child Focus - to fund a web site aimed at fighting Internet based child pornography

    In Canada:

Fondation Marie-Victorin - to support the Jardin Jeunes Project, which enables hundreds of city youngsters the opportunity to experience nature through a gardening program

    In Cayman Islands:

Cayman Maritime Heritage Foundation - to launch a program that trains unskilled people in boat building, navigation and entrepreneurship

    In Germany:

Muenchner Tafel e.V. - to help provide food to needy people in Munich at 16 "bus stops" in the metropolitan area

    In Hong Kong:

Sowers Action - to sponsor the fifth Teacher Training Program to help school administrators in poor regions of China to better manage their schools and resources

    In Japan:

Special Olympics Nippon - a State Street grant helped sponsor the games for individuals with intellectual disabilities

    In Luxembourg:

Fondation Kannerschlass - to fund a new program that manages and provides social support and crisis intervention counseling for needy people of all ages

    In Singapore:

Asian Women Welfare Association - to provide 18 special chairs for children with multiple disabilities who attend the AWWA Special School

    In South Africa:

The People's Family Law Centre - to allow more than 150 low-income clients access to skilled legal services in the area of family law

    In Switzerland:

Silviva Foundation - to provide high school students with a "back-to-nature" experience through a new Workshop Alpine Forest project

    In the United Kingdom:

Basingstoke College of Technology - to sponsor a Family Fun Day and the college's annual community outreach prospectus

    In the United States (office location in parentheses):

Tides Center (Alameda, Calif.) - to support the free bus pass program for qualified secondary school students

Metro Atlanta Community Foundation (Atlanta, Ga.) - to support the Teacher's Grant Program

Women of Means (Boston, Mass.) - to improve and enhance case management and clinical and administrative support for its volunteer doctors

Southwest Community Congress (Chicago, Ill.) - in support of its youth project, the Positive Peer Mentor Program

The Learning Corridor Corporation (Hartford, Conn.) - in support of educational opportunities for children in Hartford and surrounding communities

Alphapointe Association for the Blind (Kansas City, Mo.) - to fund the construction of a new Life Skills Campus that will help support future growth of the program

Inner City Education Foundation (Los Angeles, Calif.) - to support its Intervention Program, which provides academic assistance to students who are at risk of academic failure

UpReach Therapeutic Riding Centre (Manchester, NH) - for supplies and upkeep for a program that provides the proven benefits of therapeutic equestrian riding to people with physical and emotional needs

The Marie Selby Botanical Gardens (Naples, Fla.) - in support of student programs in the Sarasota public schools focused on environmental preservation

The Blind Children's Learning Center of Orange County (Newport Beach,Calif.) - in support of blind, visually impaired and deaf/blind youth to help them develop their full potential and lead independent lives

Boys & Girls Club of Cape Cod (Osterville, Mass.) - in support of educational, cultural and recreational programs for the youth of Cape Cod

KPMG Foundation PhD Project (Princeton, NJ) - to support a program dedicated to increasing diversity in US business school faculties by increasing PhD opportunities for successful minority men and women

Central Institute for the Deaf (Saint Louis, Mo.) - to support its Family Center, serving hearing impaired children - up to the age of three - and their families

Larkin Street Youth Services (San Francisco, Calif.) - to support and strengthen the program's continuum of housing and employment services for homeless youth

Shepherd's Center for Greater Winston-Salem (Winston-Salem, NC) - to support its Family Caregiver Training Project

The following is a complete list of organizations that received grants from State Street's Global Philanthropy Program in the fourth quarter of 2002, by location:

Australia: Barnardos Australia; Mission Australia; The Ted Noffs Foundation
    
Belgium: Association de Parents d'Eleve de l'Ecole; Child Focus; Institut Royal pour Sourds et Aveugles Centre de Services; United Fund for Belgium

Canada: Bond Street Nursery; Breakfast for Learning; Canadian Safe School Network; Carrefour des 6-12 ans de Pierrefonds-est; Children's Aid Foundation; Concordia University; Daily Bread Food Bank; Ecole Felix-Antoine; Fondation Marie-Victorin; Fred Victor Centre; Invest in Kids Foundation; Kids Help Foundation; North Shore Community Foundation; Pathways for Children, Youth and Families of York Region; St. Michael's Hospital Foundation; Sun Youth Organization; Variety Village; YMCA of Greater Toronto
    
Cayman Islands: Cayman Maritime Heritage Foundation; National Gallery of the Cayman Islands
    
Germany: Elterninitiative Krebskranke; Foerderverein Antenne Bayern Hilft; Hospizgruppe Da-Sein; Kinderschutz und Mutterschutz; Kinderschutzzentrum des DSKB; Muenchner Tafel; Stiftung Hilfe fuer Familie, Mutter und Kind; Wohnhilfe

Hong Kong: Heep Hong Society; HOPE Worldwide; Oxfam Hong Kong; Sowers Action

Japan: National Council of YMCAs of Japan; Saito Kinen Foundation; Special Olympics Nippon; Tokyo English Life Line

Luxembourg: Fondation Kannerschlass; International School of Luxembourg; Stemm vun der Stroos
    
Singapore: Asian Women Welfare Association; National Kidney Foundation Singapore

South Africa: People's Family Law Centre; Salvation Army Switzerland: Schweizer Berghilfe; Silviva Foundation

United Kingdom: Basingstoke College of Technology; Community Links Trust; Dawliffe Hall Educational Educational Foundation; Friends of the Edington Hospital, North Berwick; Scottish Community Foundation; SPLASH

    United States:

Atlanta, Georgia: Children's Healthcare of Atlanta; Metro Atlanta Community Foundation; West Gwinnett Youth Soccer

Boston, Massachusetts: ACCION USA; AIDS Housing Corporation; American Ireland Fund; American Red Cross Food Program; Asian Task Force Against Domestic Violence; Associated Grant Makers; Bethel African Methodist Episcopal Church; Boston Bar Foundation; Boston Center for the Arts; Boston Chinatown Neighborhood Center; The Boston Club; Boston Healthcare for the Homeless; Boston History Collaborative; Boston Learning Center; Boston Medical Center; Boston Rescue Mission; Boston Self Help Center; Boston Symphony Orchestra; Boston Ten Point Coalition; Building Enterprises for Living and Learning Foundation; Casa Myrna Vasquez; Centro Presente; Child Care Capital Investment Fund; Children's Trust Fund; City of Boston Parks & Recreation; Community Servings; Dimock Community Health Center; Earthen Vessels; Ecumenical Social Action Committee; Family Service of Greater Boston; Fenway Community Development Corporation; Food Project; Friday Night Supper Program; Golden Tones; Greater Boston Food Bank; Greater Boston Legal Services; Habitat for Humanity Boston; Home for Little Wanderers; Homeless Empowerment Project; Horizons Initiative; Irish Immigration Center; Italian Home for Children; Julie's Family Learning Program; Laboure Center; Literacy Volunteers of Massachusetts; Make-A-Wish Foundation; Mass Insight Education and Research Institute; Massachusetts Bankers Association Charitable Foundation; Massachusetts Community Development Corporation; Massachusetts General Hospital; Massachusetts Law Reform Institute; Massachusetts Society for the Prevention of Cruelty to Children; MassInc; MATCH-UP Interfaith Volunteers; Metropolitan Boston Housing Partnership; Milton Foundation for Education; Mother Caroline Academy and Education Center; Neighborhood Action; Neighborhood Housing Services of the South Shore; New England Minority Supplier Development Council; New England Women's Fund; North Bennet Street School; Nuestra Comunidad Development Corporation; Organization for a New Equality; The Partnership; Patriots Trail Girl Scouts Council; Penikese Island School; Pine Street Inn; Project Bread; Project Hope; Quincy Geneva Housing Corporation; Quincy Interfaith Sheltering Coalition; Recording for the Blind and Dyslexic; Rogerson Communities; Rosie's Place; Roxbury Comprehensive Community Health Center; Roxbury Presbyterian Church Social Impact Center; Saint Francis House; Salvation Army; South End Community Health Center; South Shore ARC; South Shore Habitat for Humanity; Sportsmen's Tennis Club; Team Harmony Foundation; Third Sector New England; Topf Center for Dance Education; Tufts-New England Medical Center; UMass Joiner Center; Urban League of Eastern Massachusetts; USMC Toys for Tots Foundation; Whittier Street Community Health Center; Women Educational and Industrial Union; Women of Means; Women's Lunch Place; World Affairs Council; Year Up; YMCA of Greater Boston; YouthCare

Chicago, Illinois: Beloit College; Father Flanagan's Boys Home; Investment Professionals for Children's Charities; Loyola University; Parkways Foundation; Proviso East High School; The Rotary Foundation; Southwest Community Congress

Hartford, Connecticut: Archdiocese of Hartford; Community Renewal; Governor's Partnership to Protect Connecticut's Workforce; Learning Corridor Corporation; Raynbow Foundation; Waterbury Learning Center; YWCA of the Hartford Region

Kansas City, Missouri: Alphapointe Association for the Blind; American Humanics; CASAS Project if Jackson County; Don Bosco Community Center; Harvesters Community Food Network; Juvenile Diabetes Research Foundation; Ozanam Home for Boys; Performing Arts Foundation of Kansas City; Salvation Army; Women's Employment Network

Los Angeles, California: Inner City Education Foundation; Los Angeles Free Clinic; Salvation Army; Victory Outreach Special Services

Manchester, New Hampshire: Capitol and Region Food Program; Capitol Center for the Arts; Cross Roads House; Greater Manchester Chamber of Commerce Foundation; Greater Manchester Family YMCA; Makin' It Happen Coalition for Resilient Youth; Nashua Learning Center; New Horizons for New Hampshire; Opera League of New Hampshire; Plymouth Friends of the Arts; Portsmouth Area Salvation Army Soup Kitchen; The Salvation Army Kids' Cafe; UpReach Therapeutic Riding Center
    
Naples, Florida: Community Foundation of Collier County; Florida Gulf Coast University Foundation; Fun Time Nursery; Hospice of Naples; Junior Achievement of Southwest Florida; The Marie Selby Botanical Gardens; Mount Dora Festival of Music and Literature; Philharmonic Center for the Arts; Southwest Florida Community Foundation

Newport Beach, California: Blind Children's Learning Center of Orange County; Orangewood Children's Foundation; Santa Ana High School

Osterville, Massachusetts: Boys & Girls Club of Cape Cod; Bridges Association; Chatham Chorale; Hyannis Rotary Charitable and Educational Association; Massachusetts Special Olympics Association; Nauset Workshop; Rehabilitation Hospital of the Cape and Islands

Princeton, New Jersey: KPMG Foundation PhD Project Saint Louis, Missouri: Central Institute for the Deaf; Children's Health Foundation; Christmas in April; Metropolitan Association for Philanthropy; Saint Louis Public Schools Foundation; Salvation Army; Special Olympics Missouri; Women's Support and Community Service

San Francisco, California: ARC San Francisco; Chinatown Community Children's Center; Edgewood, the San Francisco Protestant Orphanage; Hamilton Family Center; La Casa de las Madres; Larkin Street Services; Network for Elders; Saint Joseph's Family Center; San Francisco Food Bank; San Francisco Suicide Prevention

Winston-Salem, North Carolina: Crisis Control Ministry; Forest Park Elementary School; Mineral Springs A+ Academy; Shepherd's Center for Greater Winston-Salem

State Street Corporation (NYSE: STT) is the world's leading specialist in providing sophisticated global investors with investment servicing and investment management. With $6.2 trillion in assets under custody and $763 billion in assets under management (as of December 31, 2002), State Street is headquartered in Boston, Massachusetts and operates in 22 countries and over 100 markets worldwide. For more information, visit State Street's web site at www.statestreet.com.

For more information, please contact:

Richard Pearl State Street Corporation
Phone: +1-617-664-3107

 

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