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The Caledonian Challenge


State Street's Courage Cup

+++STOP PRESS+++ Deadline for Caledonian Courage Cup extended until Monday July 19! Email your story to [email protected] +++++++++++++++++

State Street Announces New Award for 2004 Caledonian Challenge

State Street Corporation, the world�s leading provider of services to institutional investors and the principal sponsor of the State Street Caledonian Challenge, today introduced a new award for this year�s event. The Caledonian Courage Cup will honour an individual who has overcome personal hardship or injury to participate in, and complete, the demanding 54-mile walk. The 2004 State Street Caledonian Challenge takes place on 19 and 20 June and raises funds for the Scottish Community Foundation.

�Completing the Caledonian Challenge is an arduous task for all participants. The Caledonian Courage Cup will recognize an individual who has not only gone the extra distance, but also overcame adversity to complete the walk,� said John Corcoran, senior vice president of State Street, based in Edinburgh.

�State Street is proud to serve as lead sponsor of this event that provides support to the Scottish community where we have such an active business presence.�

The winner of the Caledonian Courage Cup will be announced in July and will receive a ₤300 cash gift for personal use and ₤3,000 to be given to one of the many community groups that the Scottish Community Foundation supports. To be eligible for the Caledonian Courage Cup, nominees must have completed the walk in its entirety and submit a 300-word description about the personal hardship or injury they overcame in order to participate. Nominations may also be made on behalf of a participant in the State Street Caledonian Challenge.

�We are very pleased to expand upon our support of the State Street Caledonian Challenge with the introduction of the Caledonian Courage Cup,� said George A. Russell, Jr., executive vice president and director of Community Affairs for State Street.

�By sponsoring the Caledonian Challenge we ensure that the Scottish Community Foundation is better able to support the programs that best serve the needs of the local community, especially considering the amazing diversity of community groups across Scotland. The Foundation�s mission closely aligns with the goals of State Street�s Global Philanthropy program, which is designed to help generate and sustain positive change in the communities where we do business around the world.�

In addition to being the primary sponsor of the State Street Caledonian Challenge for the fourth consecutive year, 150 State Street employees from offices in Europe and the U.S. will be among the 1400 participants walking for charity.
Those interested in submitting a nomination for the Caledonian Courage Cup should send the nominee�s full name, team name and 300-word summary to the following email address OR mailing address by 30 June 2004:

Email: [email protected]

Caledonian Courage Cup
State Street Corporation
Attn: Louisa Cameron
525 Ferry Road

This year organisers hope to surpass �1 million in proceeds for the second consecutive year. The Scottish Community Foundation makes grants of up to �5,000 to small community groups and charities across Scotland. Groups apply to the Foundation, which assesses their applications and ensures that grants are distributed to achieve the highest impact around the country.

June 11, 2004, 10:35 am

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