Financial Sector Funder Likes Programs for Disadvantaged, Poor, Children

StateStreetPrivate Funder: State Street Foundation; Opportunity: Foundation grants; Funding Focus: Education, disadvantaged children and human services; Geographic Focus: National-where the company has a presence; Eligibility: Nonprofits (faith-based groups are eligible if they provide services to the entire community); Funding: Varies (last year it distributed about $13.6 million in grants; Deadline: Rolling (letters of intent may be submitted at any time and are reviewed on an ongoing basis).

Summary: Programs for disadvantaged children and the homeless are focuses. The foundation supports community service initiatives, including help for the homeless. The program is designed to generate and sustain positive change. Youth groups can benefit. For example, the foundation gave $500,000 to New Profit, Cambridge, MA, for a program that assists students in the transition from high school to post-secondary education/employment. It also gave $7,000 to the Oakland Police-Community Activities League, Oakland, CA, for the group’s annual Christmas dinner for disadvantaged children and youth. Begin the application process ( with a letter of intent.

Info:; State Street Corporation, State Street Financial Center, One Lincoln Street, Boston, MA, 02111, Wayne Young, V.P., global grants.

About Frank Klimko

Frank Klimko is a nationally known journalist, grants expert and speech writer/speaker. He has years of experience helping nonprofits devise lists of the right funding opportunities and secure funding from these foundations and corporate entities. Clients have focused on an array of areas including child care, homeless, hunger and K-12 education. Additionally, he is a Freedom of Information Act expert, who has helped numerous clients with securing proprietary information from the federal government. Currently, Frank Klimko writes the Children & Youth Funding Report and Private Grants Alert, which are Washington DC-based publications. CYF is a daily publication covering Congress, the Education Dept. and the various federal regulatory agencies. PGA, another daily publication, covers the world of private philanthropy.
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