State Street Pledges Support for Haiti Disaster Relief Aid

Category:

Friday, January 15, 2010 1:24 pm EST

Dateline:

BOSTON

Public Company Information:

NYSE:
STT

BOSTON--(BUSINESS WIRE)--The State Street Foundation, the charitable grantmaking arm of State Street Corporation (NYSE:STT), today announced a financial commitment to support relief efforts following Tuesday’s earthquake in Haiti. State Street Corporation is one of the world’s leading providers of financial services to institutional investors.

The State Street Foundation’s Disaster Relief Emergency Assistance Fund made a grant of $400,000 to Oxfam America’s Haiti Earthquake Response Fund following this unprecedented natural disaster in Haiti. In addition to the Foundation’s grant, State Street also initiated a special matching gift program for all employees who wish to contribute to the relief work. Employee gifts made to Haiti relief funds through Oxfam America and global Oxfam chapters will be matched up to $100,000.

“Our employees have a long history of generously supporting communities around the world, particularly in times of human tragedy as exemplified by the extraordinary events which have occurred in Haiti recently,” said George A. Russell Jr., president of the State Street Foundation. “The scale of destruction in Haiti as a result of the earthquake is of a magnitude that requires the immediate support of the global community and we are proud to partner with Oxfam America in this effort.”

Oxfam has more than three decades of experience in Haiti. The organization’s Haiti Earthquake Response Fund is designed to provide both immediate and ongoing support for the relief efforts.

The State Street Foundation’s Disaster Relief Emergency Assistance Fund is activated when large-scale natural or man-made disasters necessitate immediate support for recovery efforts. Recent contributions from the fund in 2009 include support for relief work following bushfires in Australia, an earthquake in L’Aquila, Italy and Typhoon Morakot in Taiwan.

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 $17.9 trillion in assets under custody and administration and $1.7 trillion in assets under management at September 30, 2009, State Street operates in 27 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s website at www.statestreet.com.

The State Street Foundation

The State Street Foundation offers grant support to initiatives that bring long-term solutions to important community issues such as workforce development and education among others. Founded in 1977, the Foundation has since given $165 million in grants to charitable organizations in communities where State Street has a business presence. The State Street Foundation is funded by State Street Corporation, which provides a portion of its pre-tax profits every year to the Foundation.

Contact:

State Street Corporation
Marie McGehee, +1 617-664-1898
or
Rachel Riccardella, +1 617-664-3576

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