Boston WINs Report Year 3

2017–2018

Five nonprofits, 26 public schools and one corporate partner, all with a common goal: creating meaningful career paths for Boston youth.

It’s called Boston Workforce Investment Network (Boston WINs), a multi-year,

$20 million venture philanthropy initiative led by State Street Foundation in

partnership with five high-performing partners — The Boston Private Industry

Council (PIC), Bottom Line, College Advising Corps (CAC), uAspire and Year Up.

Together, we’re changing how we invest in our future workforce.

Over the course of the program, our partners will scale their reach by 60

percent so that more Boston youth will receive services that prepare them for

college and career success. As part of our commitment, State Street will hire

1,000 aspiring professionals to strengthen our workforce.

To ensure a sustainable future for the scaled services and systemic changes

made to date, we’ve committed to expand the four-year initiative by two years

and provide an additional $6M in funding.

• Private, Public and Non-Profit Collaboration. Boston WINs thrives because of a joint collaboration between the private, public and non-profit sectors.

• Company-Wide Commitment. In addition to our financial commitment of $20 million to the five nonprofits, we extended employee trainings to empower the partners’ staff, and our employees give their time and talent with an incentivized matching program. We dedicated office space for students to take skills training classes and meet with employee mentors. And we’re offering valuable work experience, both through internships and a commitment to hire 1,000 Boston youth.

• Coordinated Action. We’ve created an infrastructure for our partners to collaborate and complement one another’s core competencies. Through Coordinated Action, students are given coaching and support on college admissions, college affordability, college completion, and work experience and career advising.

Our ApproachThrough Boston WINs, we’ve created a systematic, scalable and measurable way of achieving college and career readiness:

We focused on systems change and innovation. We further scaled Coordinated Action (CA), a key lever in driving collaboration and service impact, by 30 percent to 26 High Schools, which is the point of optimization for the Boston Public School (BPS) system. We embedded the principles of CA into the operating models of the five partners and BPS and leveraged a set of 11 milestones to measure student progress and ensure long-term success.

We looked beyond traditional means of corporate giving. We celebrated the inaugural graduating class of the Year Up learning community at one of our corporate campuses, which is a first-of-its-kind dedicated space for Year Up students to train and meet with mentors. We also developed skill-building volunteer opportunities for our employees to consult WINs partners on organizational operations and talent development, and we enhanced existing mentoring programs for the students and staff of our WINs partners.

We provided career readiness support through individual coaching, internships, and Boston WINs networking nights to better prepare candidates for interviewing and performance on the job.

Highlights from

Year Three

18-33252-0918© 2018 State Street Corporation - All Rights Reserved

As of June 30, 2018

Measuring Our Progress

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State Street Corporation, One Lincoln Street, Boston, MA 02111-2900

CORP-3298 Exp. Date: Oct 31, 2018

Our partners are creating change one student at a time.

Since program launch, our partners have collectively served more youth and exceeded the Year 4 target63%

Year 4 Goal8,0004,991 Year 3

8,301

Where We Started

Year 310,319

Year 4 Goal10,0305,573

Year 3903

Year 4 Goal1,190643

Year 32,853

Year 4 Goal3,0441,920

Year 4 Goal7,3755,050 Year 3

7,201

As of August 2018 As of August 2018

Strengthening Our Partners

Impact of Coordinated Action

Providing Career Opportunities

Engaging Employees

• 100% of CAC advisers completing their two-year service requirement partnered with State Street employee mentors to create a personalized plan for after the corps

• Partnered with the Institute for Nonprofit Practice and Common Impact to deliver management development training and continued capability building for 30 WINs partner leaders

• Expanded Coordinated Action, a means for our partners and Boston Public schools to work more effectively, to 26 High Schools to prepare students for post-secondary and workforce readiness

• Tracked 11 student college and career readiness milestones to measure progress accurately and to reach more students

• Increased the percentage of BPS seniors receiving all three coordinated partner services from 41% to 60%

• Made 540 Boston WINs Hires

• Provided work experience for 1,293 Boston WINs interns

• Celebrated the inaugural graduation from the first-of-its-kind Year Up Learning Community, housed on a State Street campus, with 59 students and an 83% conversion rate

• $281,000+ in employee gifts matched

• Nearly 5,000 employee volunteer hours

• Six executives serving on our partners’ boards

• Increased the matching gift for 16 hours of employee volunteer time to $1,000