Charitable Foundation
Our Mission
The mission of the Eastern Bank Charitable Foundation is to contribute, in a meaningful way, to the health and vitality of the various Greater Boston communities served by Eastern Bank. This is done through financial support to selected non-profit organizations operating within those communities.
In 2007 Eastern Bank Corporation contributed $9.2 million to the Charitable Foundation. The Corporation remains committed to contributing 10% of its net earnings over time to the Foundation. In 2008, the Foundation will donate approximately $2.8 million to over 1,000 not-for-profit organizations across eastern Massachusetts.
Our Focus Grants totaling $3,846,792 were made during 2007 to charitable organizations throughout Eastern Massachusetts. Our grants generally range in size from $50 to $50,000. While the types of organizations receiving support from the Foundation vary greatly, our grants for 2007 were concentrated in the following areas.
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2007 Grant Summary
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| Healthcare |
33%
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| Human Services |
21%
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| Family & Children |
16%
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| Education |
15%
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| Affordable Housing |
6%
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| Other |
4%
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| Matching Gifts |
3%
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| United Way |
2%
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The most recent list of organizations that received grants of $1,000 or more is available in the Eastern Bank Charitable Foundation Annual Report. (You need Adobe® Reader® to view PDF files. Download Adobe Reader if you do not already have it.)
In 2008, the Foundation will make grants of approximately $2,750,000 to eligible organizations.
Guidelines, Policies and How to Apply
The primary focus of the Eastern Bank Charitable Foundation is to support organizations providing basic human services. Our preferred areas of giving include; Affordable Housing, Homeless Prevention, Job Readiness, Family and Children, Human Services, Community Healthcare. To learn about what organizations are eligible to receive grants from the Eastern Bank Charitable Foundation and how to submit a donation request, click here.
Foundation Contact
Laura Kurzrok
Eastern Bank Charitable Foundation 195 Market Street, EP5-02 Lynn, MA 01901 781-598-7595
l.kurzrok@easternbk.com
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