State Street Corporation (NYSE:STT), has been named the No.1 charitable contributor in Massachusetts by the Boston Business Journal (BBJ). The BBJ’s ranking looked at companies that gave at least $100,000 to local nonprofits in 2012. The BBJ also ranked State Street as one of the top three charitable contributors for five years in a row.
“We are honored to be named the top charitable contributor in Massachusetts by the Boston Business Journal,” said Alison Quirk, executive vice president and chief human resources and citizenship officer at State Street. “Giving back to the communities in which we work and live is an integral part of our culture. Last year, our employees globally gave more than 87,000 hours of volunteer time to nonprofit groups and donated approximately $2.7 million through State Street’s Matching Gift program and Global Giving Campaign.”
State Street’s Foundation provided more than $21 million in charitable contributions globally in 2012 and was recently cited by CR magazine and Business in the Community for being a top corporate citizen. Last month, Working Mother magazine named State Street to its 2013 100 Best Companies listing for its commitment to progressive workplace programs, including child care, flexibility and paid family leave.
Learn more about some of the organizations State Street has joined forces with over the years and the work that we’re doing to help make life a bit better at http://statestreet.com/better.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 $26 trillion in assets under custody and administration and $2.2 trillion in assets under management at September 30, 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. $39 billion as of September 30, 2013), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.