Eastern Bank Charitable Foundation Announces $1.7 Million In Targeted Grants To Advance WomenAugust 7, 2018
Grants Support 170 Organizations In Massachusetts, New Hampshire and Rhode Island
BOSTON, August 7, 2018 – Eastern Bank, America’s oldest and largest mutual bank, today announced $1.7 million has been granted to non-profit organizations focused on the advancement of women. Each year, the Eastern Bank Charitable Foundation’s Targeted Grant program supports hundreds of community-based organizations working for progress on a specific issue in Eastern’s New England footprint. In 2018, in celebration of the Bank’s 200th anniversary and to honor its first depositor, Rebecca Sutton, Targeted Grants have been designated to support organizations addressing a range of issues that disproportionately impact women, such as sexual assault, domestic violence, human trafficking, health care, pay equity, and senior management and board representation.
“We believe in breaking down the barriers that stand between people and prosperity. That’s why Eastern is a strong advocate for the advancement of women,” said Bob Rivers, Chair and CEO of Eastern Bank. “With each Targeted Grant, we aim to enhance the lives of our neighbors and contribute to real progress around the advancement of women in our local communities. On behalf of everyone at Eastern, we congratulate this year’s Targeted Grant recipients and thank them for working to level the playing field.”
This year’s Targeted Grant program creates new opportunities and resources for women in areas where assistance is needed the most. The facts are staggering:
- A woman is assaulted every nine seconds in the U.S. and one in three women has been a victim of physical brutality by an intimate partner, making intimate partner violence the single greatest cause of injury to women.
- In Massachusetts, women earn 83 cents for every dollar paid to men. In New Hampshire, they earn 76 cents. African-American women nationwide earn 64 cents for every dollar earned by white men, and Latinas—only 56 cents.
- In the sciences, women represent less than 25% of those employed in computer and mathematical occupations and only 15% in architecture and engineering. For women of color, this gap is even wider. Asian women, African-American women, and Latinas make up less than 10% of working scientists and engineers in the U.S.
- Women receive more graduate degrees and they hold more faculty positions in colleges and universities, and yet, men hold the highest number of tenured university positions.
- Only 32 women run Fortune 500 companies and only two are women of color. Less than 20% of all board seats in Fortune 1,000 companies are held by women.
Eastern Bank’s Targeted Grants are awarded at $10,000 each to 170 nonprofits in communities from New Hampshire to Cape Cod and throughout the South Shore, North Shore, Metro West, Merrimack Valley and Greater Boston. For a complete list of the 2018 Targeted Grant recipients, click here.
As part of its effort to support the advancement of women and in addition to the Targeted Grants, Eastern Bank recently announced world champion, gold medal gymnast and ambassador for change, Aly Raisman, as its newest Partner For Good. Raisman’s advocacy has given rise to a movement to help end sexual abuse in youth sports. As part of the partnership, Eastern Bank will support her #FlipTheSwitch initiative with Darkness to Light to help end sexual abuse by providing its employees with the leading, evidence-informed child sexual abuse prevention training program – Stewards of Children®.
About Eastern Bank
Founded in 1818 and celebrating its 200th anniversary in 2018, Boston-based Eastern Bank is America’s oldest and largest mutual bank, with $11 billion in assets and over 120 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire and Rhode Island. Eastern provides exceptional access to fairly priced banking, investment and insurance products and services for consumers and businesses of all sizes, and for the eighth consecutive year is the #1 U.S. Small Business Administration lender in New England. Eastern Bank, which includes Eastern Wealth Management and Eastern Insurance, is known for its outspoken advocacy and community support that has exceeded more than $110 million in charitable giving since 1999. The Eastern Bank Charitable Foundation is a leader in corporate philanthropy and serves as the charitable arm of Eastern Bank. An inclusive company, Eastern employs 1,900+ deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at www.easternbank.com and follow Eastern on Facebook, LinkedIn, Twitter and Instagram.
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