State Street to Match U.S. Treasury Contributions to New Child Savings Accounts

Core Viewpoint - State Street Corporation has announced a new program to match U.S. Treasury contributions to children's savings accounts, aimed at promoting long-term savings and investment for children under 18 years old, launching on July 4, 2026 [1][2] Group 1: Program Details - The initiative will match the $1,000 contribution from the U.S. Treasury for eligible children of active employees, effectively doubling the initial investment [1] - The program is designed to help families build a secure financial future for their children and provide a head start on saving [2] Group 2: Leadership and Mission - State Street CEO Ron O'Hanley has joined the Invest America CEO Council, supporting children's savings accounts and ensuring the next generation has a stake in the economy [3] - The participation in this program aligns with State Street's mission to create better outcomes for investors, including its employees and their families [3] Group 3: Company Overview - State Street Corporation is a leading provider of financial services to institutional investors, with $51.7 trillion in assets under custody and/or administration and $5.4 trillion in assets under management as of September 30, 2025 [4] - The company operates globally in over 100 geographic markets and employs approximately 52,000 people [4]