BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT), today announced that it has pledged $1 million in endowment funds for Camp Harbor View, a summer camp serving Boston’s inner-city youth, in honor of Mayor Thomas M. Menino who founded the Camp in 2007.
“Mayor Menino has been a devoted supporter of and advocate for Boston’s youth, therefore we want to honor his leadership and the organization he founded,” said Joseph L. Hooley, State Street's chairman, president and chief executive officer. “As a testament to the Mayor’s efforts, this year we have surpassed all previous fundraising for Camp Harbor View with more than $4 million raised to help give 800 Boston-area youth a safe and fun place to go for the summer.”
“We’re grateful to State Street for being a long-time supporter of Camp Harbor View,” said Mayor Menino. “This gift gives more of our young people an experience they might never get otherwise – Camp Harbor View truly changes their lives and opens their eyes to so many different opportunities.”
In 2012, State Street employees volunteered more than 87,000 hours to nonprofit organizations and the State Street Foundation invested $21.3 million globally on workforce development. In Massachusetts, State Street has provided $19.8 million in donations to local non-profits including more than $3 million to Camp Harbor View.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $25.4 trillion in assets under custody and administration and $2.2 trillion in assets under management at March 31, 2013, State Street operates in more than 100 geographic markets worldwide, including the U.S., Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
This AUM includes the assets of the SPDR Gold Trust (approx. $62.7 billion as of March 31, 2013), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.