BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it has been named to The Boston Business Journal’s (BBJ) 2016 list of Top Charitable Companies in Massachusetts. The list includes 85 companies that gave at least $100,000 to Massachusetts-based charities in 2015.
In 2015 the State Street Foundation invested nearly $23 million in the communities in which it operates globally, including more than $15 million in Massachusetts. With a primary strategic focus on education and workforce development, in June 2015 the State Street Foundation launched the Boston Workforce Investment Network (Boston WINs), a $20 million commitment to five local and national nonprofit organizations collaborating to advance job readiness and create meaningful career paths for Boston youth.
“We believe it’s our responsibility to take on a strategic and active role in community service,” said State Street Chairman and Chief Executive Officer Jay Hooley. “Our employees have rallied behind this objective, donating more than 100,000 hours of volunteer time in 2015 alone. This honor from the BBJ is a direct reflection of their dedication and commitment to supporting the communities in which they live and work.”
State Street was honored at the BBJ’s 11th Annual Corporate Citizenship Summit which took place on September 8 at the EpiCenter at Artists for Humanity in Boston.
Hooley was also honored at the event with the 2016 Lewis Family Foundation CEO Social Leadership Award, which recognizes exceptional civic leadership by executives in the Boston business community and includes a $25,000 grant to be used for charitable purposes. The grant is funded by the Lewis Family Foundation, led by Alan and Harriet Lewis, owners of Grand Circle Travel, and is administered with the help of the BBJ. Hooley was selected for his dedication to workforce development and education, and specifically the State Street Foundation’s development of Boston WINs.
“The BBJ is proud to honor Jay Hooley with the 2016 Lewis Family Foundation CEO Social Leadership Award,” said Carolyn Jones, publisher, Boston Business Journal. “Jay’s commitment and dedication to helping Boston’s youth to be better prepared for the workforce of the future is a model of venture philanthropy. We truly appreciate his efforts and leadership in this space.”
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 $27.78 trillion in assets under custody and administration and $2.3 trillion* in assets under management as of June 30, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.
* Assets under management were $2.30 trillion as of June 30, 2016. AUM reflects approx. $40 billion (as of June 30, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for decisions based on such information and it should not be relied on as such.
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© 2016 State Street Corporation - All Rights Reserved
Exp. Date: 9/30/17