State Street Corporation Gives $1-Million to the Museum of African American History

BOSTON - State Street Corporation (NYSE: STT) has made a $1 million contribution to support the Museum of African American History’s commemoration of its bicentennial with a restoration and expansion project totaling $7.2 million. The Museum of African American History’s bicentennial project will allow for the purchase and renovation of a building adjacent to the Museum’s Boston headquarters to serve as an Education and Technology Center. State Street will have naming rights at the new facility upon completion of the project.

“The State Street Corporation Education Center will greatly enhance the Museum of African American History’s capacity to provide public access to documents and artifacts of great significance to the nation’s history and culture,” said Beverly A. Morgan-Welch, executive director of the Museum of African American History. “State Street’s contribution is the largest corporate donation in the museum’s history. We are deeply appreciative of State Street’s involvement in our 200th Anniversary campaign, which underscores the company’s long-standing tradition of preserving New England’s vital cultural landscape.”

The new education center, which will be located steps away from the Museum’s national historic landmarks, the African Meeting House and Abiel Smith School, will be the centerpiece of the museum’s education and preservation mission. The new facility will be housed in an approximately 8,000-square-foot, four-story 1906 structure, and will include a technology center and research space.

“It is our privilege to partner with the Museum of African American History and contribute to its continued success,” said Ronald E. Logue, chairman and chief executive officer of State Street. “Our support of the museum underlines State Street’s year-round commitment to our headquarter city through sponsorships of major cultural landmarks as well as important community organizations.”

The Museum of African American History’s 200th Anniversary campaign also supports its plans to restore its Boston and Nantucket historic sites, including the African Meeting House in Boston (1806), which are dedicated to preserving the contributions of African Americans to American history.