The program gives to nonprofit organizations that do community service initiatives in four primary areas education and job skills training (53 grants totaling more than $1,259,000); health and human needs (74 grants totaling more than $900,000); youth programs (44 grants totaling more than $574,000); and neighborhood revitalization (21 grants totaling more than $465,000).
In addition, the program selectively supports arts and cultural initiatives (21 grants totaling more than $265,000); civic improvements (10 grants totaling more than $176,000); and management assistance (two grants totaling $9,305).
Included in the totals are two $50,000 grants made from the program's Disaster Relief Emergency Assistance Fund for relief in the Midwest after a series of devastating tornadoes this spring and for a SARS Prevention and Capacity Building Program for migrant workers in Beijing.
State Street's global philanthropy program has established 28 contribution committees in 15 countries. The company, headquartered in Boston, has $8.5 trillion of assets under custody and $901 billion of assets under management.
