State Street Foundation Joins 50-Plus Powerhouse Science Center Founding Partners | Community
The Powerhouse Science Center in Sacramento today announced that the State Street Foundation, the philanthropic arm of financial services provider State Street Corporation, has joined the campaign to build the premier science learning center serving Northern California.
As one of the 50-plus founding partners, the State Street Foundation joins other regional leaders and organizations in a cooperative effort to support the development of this vital new community asset, and will lend their environmental and resource expertise to the project.
Located on the scenic banks of the Sacramento River, the Powerhouse Science Center will function as a model for 21st-century experiential STEM education (science, math, technology, engineering, space) and environmental stewardship. The design will be an exemplary “green” building that serves as an environmental teaching lab.
“We are pleased to partner with Powerhouse Science Center in a community effort designed to help foster meaningful education opportunities in Northern California,” said George Russell, director of Corporate Citizenship and president of the State Street Foundation. “Investing in education where we operate around the world is one of our strategic priorities and we are delighted to be engaged with the local community in Sacramento in this way.”
“We are extremely pleased to welcome aboard State Street as one of our founding partners,” said Michele Wong, Interim Executive Director for the Powerhouse Science Center. “State Street shares our goal of transforming a historic Sacramento landmark into a cutting edge educational center, featuring a museum, planetarium, restaurant, and conference center. The Powerhouse Science Center is a tremendous collaborative effort between many dedicated groups and individuals that are all playing a significant role in making this vision of a premier science education center become a reality. State Street brings valuable expertise to our effort.”
Supporters of the Powerhouse Science Center include business and civic leaders, clubs and organizations, individuals, and the City of Sacramento. Sacramento Mayor Kevin Johnson recognizes this project as a top priority for Sacramento’s future.
The facility will serve as a public forum, showcasing the latest scientific discoveries in a venue accessible to the entire family. The Center will highlight the scientific achievements of the Sacramento region, the latest developments in medical science and technology, and the fundamentals of resource conservation. It will also be a field trip destination for pre-kindergarten to 12th grade students from throughout the region.
The Center, which will cost an estimated $60 million, has nearly completed its pre-construction phase. The 60-year old Discovery Museum Science & Space Center on Auburn Boulevard is scheduled to move from its current location and become the Powerhouse Science Center (www.powerhousesciencecenter.org) in 2014.
For more information on the Powerhouse Science Center, including how to become a Founding Partner, visit www.powerhousesciencecenter.org, email info@PowerhouseScienceCenter.org, or contact Beth Callahan, Director of Marketing and Community Relations, at 916 853-0343.
About 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 more than 200 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.