STREAM Foundation

A nonprofit organization

$17,670 raised by 64 donors

STREAM (StrengThening Race and Equity in Asset Management) Foundation's ultimate goal is to increase diverse representation in the asset management industry. To do that, we start by building a diverse pipeline of qualified talent and providing summer internships to underserved college students. This draws a larger applicant pool than small firms could with their recruitment efforts, creating a diverse pipeline for firms to utilize when hiring for internships. 

Once a student is selected for the program, they receive two years of Wall Street Prep, exclusive educational content, a mentor, a student liaison, minimum pay, and a housing stipend. After program completion, there are alum events and continuing career assistance; many of our alums return as volunteers, supporting our goal of building a community around diverse, talented professionals. Through STREAM's programming, we have served 92 students and given $920,000 in compensation/scholarship money. 

By advancing underrepresented groups' access to and engagement within the asset management industry, we help establish generational wealth-building opportunities for marginalized groups. Lack of access and opportunity to wealth-building industries perpetuates generational cycles of poverty. Systemic racism contributes to a lack of access both educationally and professionally. Without representation, not only are minority students less likely to pursue a career in financial services, but they are also less likely to pursue management of their personal wealth.  

Above all else, our alumni have gained life-long career support and a community to champion their career aspirations. We feel confident that we have built a team of volunteers with diverse backgrounds and perspectives, in which we have drawn strength from our differences and heightened our abilities as counselors and advocates. Our continued commitment to building a workplace reflective of our world, creates competitive advantages and positive advancement of the asset management industry, one student at a time.


Don't take our word for it, listen to Ericka Drinker, a student at Paul Quinn College and STREAM 2024 Scholar share about her experience with STREAM: 




Giving Activity

Mission

The STREAM (StrengThening Race and Equity in Asset Management) Foundation's mission is to educate and support underrepresented students in building successful careers in asset management.

Equity Statement

STREAM believes that by working together, the asset management industry can take steps by providing internships and scholarships to students from underrepresented communities that result in a more culturally and racially diverse industry.

Organization Data

Summary

Organization name

STREAM Foundation

Tax id (EIN)

85-1991763

Guidestar

Causes

Economic/Financial Security/Poverty

Operating Budget

$250,000 - $499,999

Counties Served

Wise, Tarrant, Somervell, Rockwall, Parker, Palo Pinto, Navarro, Montague, Kaufman, Johnson, Hunt, Hood, Grayson, Fannin, Erath, Ellis, Denton, Dallas, Cooke, Collin

BIPOC Serving

Native American, Hispanic or Latinx, Asian/Pacific Islander, Black or African American

Equity Statement

Equity Statement

Address

3131 Turtle Creek Blvd 880
Dallas, TX 75219

Phone

423-503-1324

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